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On March 15, Iranian Foreign Minister Araqchi spoke by phone with French Foreign Minister Barrow on the evening of March 14 local time. The two exchanged views on the current US-Israeli military action against Iran and the regional situation. Araqchi pointed out that the provocative actions of the United States and Israel are the root cause of insecurity in the region and the Strait of Hormuz, and strongly condemned the aggressive attacks on Iranian military facilities. He emphasized that Irans defensive actions are only aimed at the military targets of the aggressors, not at regional countries. At the same time, Araqchi stated that the core of the instability in the entire region, including the situation in Lebanon, lies in Israels hegemonic expansion. He called on the international community to adopt a responsible attitude to prevent the conflict from escalating further.Iraqi Oil Ministry: The Kurdish Regional Ministry of Natural Resources is currently refusing to resume oil exports.Israeli Foreign Minister: We share the same determination with the United States to continue the fight against Iran until our objectives are achieved.March 15th - Most Gulf stock markets fell slightly on Sunday. Saudi Arabias benchmark index fell as much as 0.8%, with Rajhi Bank down 0.9% and Saudi National Bank, Saudi Arabias largest lender, down 1.9%; the Qatar index fell 0.5%, with Qatar National Bank, the regions largest lender by assets, down 1.3%; Bahrains benchmark index fell 0.3%; and Omans benchmark index fell 0.4%. The conflict between the US, Israel, and Iran has now entered its third week, with US President Trump threatening further strikes against Irans Kharg Island oil export hub, while Iran has vowed to retaliate. Furthermore, three sources familiar with the situation said the Trump administration rejected efforts by Middle Eastern allies to initiate diplomatic negotiations aimed at ending the war between the US, Israel, and Iran. Trump also called on allies to deploy warships to help secure the Strait of Hormuz, crucial to global energy supplies.March 15 (Xinhua) -- Iranian Foreign Minister Araqchi stated that the end of the war depends on two conditions: ensuring that the war will not be repeated and paying reparations. Araqchi also said that Iran welcomes any regional initiatives that can justly end the war. The Strait of Hormuz is open to everyone, except for ships of the United States and its allies.

BTC Fear & Greed Index Nears the Greed Zone on BTC Return to $22,000

Florala Chen

Feb 16, 2023 15:25

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Bitcoin (BTC) increased by 1.95% on Tuesday. BTC finished the day at $22,198, reversing a loss of 0.11% from the previous day. For the second time in seven sessions, BTC displayed green.


Before acting, BTC dropped to a low of $21,555 in the early afternoon. After avoiding the First Major Support Level (S1) around $21,450, BTC surged to a high of $22,339 in the middle of the afternoon.


 Before finishing the day at $21,198, BTC momentarily passed through the Second Major Resistance Level (R2) at $22,228 and the First Major Resistance Level (R1) at $22,001.

Silvergate Bank News and Ante-Gensler Chatter Delivered BTC Support

US economic figures on Tuesday caused BTC to reach a session low. Compared to an anticipated 6.2%, the US annual inflation rate decreased from 6.5% to 6.4% in January. Investors anticipated a more pronounced decline of inflation, despite inflation softening, to lessen the prospect of interest rates exceeding 5%.


However, afternoon support and a BTC rebound to $22,000 were given by the cryptocurrency news channels.


The bullish session was influenced by the news out of Washington, D.C. A hearing titled Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets was conducted on Tuesday by the Senate Banking Committee. Gary Gensler and the SEC's shortcomings were brought to light by concerns about their regulation through enforcement and lack of SEC advice to crypto companies.


Legislators noted Gensler's appearances on morning talk programs and called for him to testify as soon as possible.


Participants in the cryptocurrency sector are expecting that Congress would grant the CTFC more monitoring authority after Gensler and the SEC's approach to regulating the digital asset area came under scrutiny.


Following a spike in SEC action that resulted in a settlement with the SEC and the termination of US cryptocurrency staking services from Kraken and Paxos, respectively, the Senate Committee Hearing was held (BUSD).


The endorsement of Silvergate Bank by Citadel Securities Group was also positive for the cryptocurrency market. The hedge fund has a 5.5% investment in the cryptocurrency-linked bank, according to a filing with the SEC on Tuesday. Silvergate Capital Corp (SI) grew by 18.01% as a result on Tuesday. The stock has fallen 86.6% during the last year, however.


This month, Silvergate Bank has received attention. News that the US Justice Department was looking into Silvergate Bank's interactions with FTX and Alameda Research broke earlier this month.


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