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On March 14, finance ministers from Japan and South Korea met in Tokyo on Saturday and expressed shared concern over the rapid depreciation of their currencies. A joint statement adopted at the meeting expressed serious concern about the recent sharp depreciation of the Korean won and the Japanese yen. The statement also noted that Japan and South Korea reaffirmed their commitment to closely monitoring the foreign exchange market and continuing to take appropriate action against excessive and disorderly exchange rate fluctuations. Furthermore, it emphasized the importance of close cooperation between Japan and South Korea to ensure stable energy supplies against the backdrop of escalating tensions in the Middle East (such as Irans blockade of the Strait of Hormuz, a major oil shipping route).According to Irans Tasnim News Agency, the Iranian ambassador to India stated that Iran has allowed Indian ships to pass through the Strait of Hormuz.Tanker tracking website: Following yesterdays US airstrike on Kharg Island, all oil storage tanks appear to be intact. Today, two Iranian oil tankers have begun loading 2.7 million barrels of crude oil onto Kharg Island.The Israeli military stated that half of the missiles launched by Iran into Israel during this war would drop a large number of small explosive devices over their targets, thereby increasing the potential damage and casualties.On March 14, local time, the Indian Ministry of External Affairs announced that Iran had arranged a special plane to repatriate some Iranian citizens stranded in India from Cochin on the evening of March 13. This included some personnel from the Iranian warship "Ravan," which had been granted permission to dock at Cochin port. Additionally, some Iranian citizens visiting India as tourists and some Iranian diplomats stationed in India also returned on the same flight. With the approval of the Indian government, the Iranian warship "Ravan" arrived at Cochin port on March 4, and its 183 crew members were initially housed in local naval facilities.

BTC Fear & Greed Index Signals a Bullish BTC Session Despite Headwinds

Skylar Shaw

Feb 28, 2023 15:15

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Bitcoin (BTC) experienced a 0.25% decline on Monday. Bitcoin finished the day at $23,502, partially erasing a 1.65% rise from the previous day. Bitcoin fell shy of the $24,000 mark for the third day in a row following the negative session.


After a turbulent morning, Bitcoin surged to a peak of $23,891 in the middle of the afternoon. Before going backward, Bitcoin passed through the First Significant Resistance Level (R1), which is located at $23,795. Bitcoin fell to a late low of $23,131 following the turnaround. Before finishing the day at $23,502, Bitcoin momentarily breached the First Significant Support Line (S1) at $23,205.

Fed Concern and Regulation Risk Anxiety Drive Bitcoin Away less than $24,000

As investors processed the G20 news and post-G20 remarks that offered investors a preview of what to anticipate, regulatory risk worries resurfaced on Monday. Although the G20 refrained from openly banning it, the discussion of enacting stringent regulation measures breeds doubt.


A Forbes story on Binance moving $1.8 billion of user assets to hedge funds on Monday challenged mood amid intense regulatory and legislator examination. CZ, the Founder of Binance, had not yet commented on the story as of the time of writing.


US economic indexes and the NASDAQ Composite Index briefly eased the afternoon session. In January, core durable goods sales in the US rose by 0.7%, correcting a 0.4% drop in December.


Analysts predict a 0.1% increase. Goods Purchases Non-Defense Ex Aviation, the Fed's favored measure, rose by 0.8%, correcting a 0.3% decline from December.


The most recent statistics, however, backed a more active Fed interest rate track to bring inflation back to the goal range. The NASDAQ composite Index increased by 0.63% on Monday thanks to assistance from decline purchasers. This morning, the NASDAQ mini gained 10.75 points.