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March 14th - According to the State Council Food Safety Office, in 2025, the national pass rate for random inspections of major food products such as rice, flour, oil, meat, eggs, and dairy products reached 99.37%, remaining stable above 99% for four consecutive years, indicating a continuous improvement in the overall level of food safety. Nationwide, food production and operation enterprises have 1.155 million food safety directors and 9.492 million food safety officers, with 100% coverage of large-scale food enterprises, achieving accountability and precise risk control. The State Council Food Safety Office continues to promote the construction of "Internet + Transparent Kitchens" in schools. Currently, the coverage rate of "Internet + Transparent Kitchens" in self-operated canteens of primary and secondary schools nationwide has reached 99%, and the coverage rate of off-campus catering units has reached 100%, effectively improving the efficiency of campus food safety governance.According to the Islamic Republic News Agency (IRNA), a senior Iranian provincial official said that despite the attack, oil exports from Irans Kharg Island are proceeding normally.March 14th - The General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on promoting the development of a professional social work workforce. The main objectives are: after approximately five years, the structure and distribution of the professional social work workforce will be more rational, its professionalization and specialization levels will be significantly improved, the total number of high-level talents will be significantly increased, and the scale of professional social work positions will steadily expand.On March 14, two liquefied petroleum gas (LPG) carriers flying the Indian flag and belonging to an Indian shipping company successfully transited the Strait of Hormuz and are currently en route to India, expected to arrive at their respective Indian ports within a few days. Sources stated that the transit was conducted "very cautiously." Currently, more than 20 Indian-flagged merchant ships are anchored in the Strait of Hormuz.Greek tanker management company Marantankers: The Greek-flagged tanker Maran Homer was struck by an unidentified object outside the Cpp terminal in Novorossiysk, sustaining minor damage and no injuries.

BTC Fear & Greed Index Avoids Fear But Sends a Bearish Price Signal

Alice Wang

Mar 01, 2023 15:41

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Bitcoin (BTC) decreased by 1.53% on Tuesday. Bitcoin gained 0.03% to $23,142 at the month's conclusion after dropping 0.25% on Monday. Bitcoin fell shy of the $24,000 mark for the fourth day in a row following the negative session.


Bitcoin recovered from a turbulent morning to reach a late-afternoon peak of $23,615. Bitcoin fell to a late low of $23,066 after failing to surpass the First Significant Resistance Level (R1) at $23,885. Before finishing the day at $23,142, Bitcoin momentarily breached the First Significant Support Line (S1) at $23,125 to test support.


Fed anxiety and regulatory activity put Bitcoin on the defensive.


On Tuesday, investor confidence suffered from the NASDAQ Composite Index and the cryptocurrency news channels.


Alarm alarms went off when it was reported that the SEC had subpoenaed Robinhood (HOOD).


Speculation that Visa (V) and Mastercard (MA) might rethink their plans for cryptocurrency was also unfavorable. Bitcoin usage continues to be a major price influencer. Growth and price movement in the cryptocurrency market would be greatly impacted by a change in Main Street trader opinion.


Nevertheless, despite dismal US economic data, Fed Anxiety persisted in dampening investor mood. The CB Consumer Sentiment Index dropped from 106.0 to 102.9 in February, and the property industry statistics were also unfavorable.


Despite the disappointing figures, the US labor market is extremely constrained and inflation is still tenacious, backing a more active interest rate track to bring inflation to goal.


To end a negative month, the NASDAQ Composite Index decreased by 0.10 percent on Tuesday. The NASDAQ mini was down 54.5 points this morning.


There will also be curiosity in the Day Ahead Business Indicators. Prior to the US session, China's private sector PMIs will have an impact. We anticipate that China's poor economic data will rekindle recessionary worries and test investors' desire for risky assets.


The NASDAQ Composite Index and US economic data will have an impact on the midday session. The February US industrial PMI figures will be closely watched. It would be negative if the ISM Manufacturing PMI unexpectedly dropped. However, throughout the day, FOMC member conversation will also affect investor interest.


We anticipate that the bitcoin news networks will keep offering guidance. Buyers should keep an eye on the crypto news channels for discussions among US lawmakers and regulation developments. Updates on Binance and FTX as well as information from the current SEC v. Ripple lawsuit need to be taken into account.