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On March 14, local time, the U.S. Embassy in Venezuela raised the American flag, marking its reopening after seven years. Venezuela severed diplomatic relations with the United States in January 2019 due to continued U.S. interference in Venezuelas internal affairs, and all U.S. diplomatic personnel withdrew from the embassy in March of that year. Following the establishment of diplomatic dialogue between Venezuela and the United States on March 5 this year, the two governments decided to restore diplomatic and consular relations.On March 14, Iranian Islamic Revolutionary Guard Corps spokesman Naini stated that Irans attacks on US bank branches were a response to previous attacks on two Iranian banks. He added that if the enemy takes similar actions again, all US bank branches in the region will become legitimate targets for Iranian strikes. According to Irans Tasnim News Agency, on the evening of March 13, local time, Citibank branches in Dubai, UAE, and Manama, Bahrain, were attacked by drones.Israel Defense Forces: Earlier this week, the Israeli Air Force, acting on intelligence from the Israel Defense Forces, launched an attack and killed Hisham Abdul-Karim Yassin, a key commander of Hezbollahs communications department and the Palestinian forces of Irans Quds Force.Musk: The TeraFAB project, a super-large semiconductor manufacturing plant, will be launched within 7 days.Ukrainian Foreign Minister: The international community must respond to Russia’s actions with stronger pressure, harsher sanctions, and more support for Ukraine.

Crypto Market Daily Highlights: Fed Fear and Regulatory Jitters Weigh

Cory Russell

Feb 28, 2023 15:13

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On Monday, the top ten cryptocurrency index had a split session. While XRP defied the negative pattern, MATIC topped the top ten in losses. For the third session in a row, Bitcoin fell shy of $24,000 due to the negative session.


Short-term early afternoon support came from US economic data and the NASDAQ Composite Index. US orders for core durable products rose by 0.7% in January, correcting a 0.4% drop in December. A 0.1% increase is predicted by economists. The favored Goods Purchases Non-Defense Ex Aviation index of the Federal Reserve rose by 0.8%, correcting a 0.3% decline from December.


The most recent figures from the US, however, are yet more encouraging economic signs, backing a more active interest rate track from the Fed to bring inflation back to goal.


The introduction of a worldwide crypto regulatory structure has added regulatory ambiguity, which has continued to dampen investor interest. Investors were given a preview of what to anticipate by G20 news and G20 post-meeting remarks.


A Forbes story on Binance moving $1.8 billion in user assets to hedge funds on Monday put the market's perception to the test amid intensified regulatory and parliamentary examination. As of the time of writing, CZ, the Leader of Binance, had not commented on the story.


The Day Ahead Buyers should keep an eye on the crypto news channels for any regulation developments and any congressional chitchat. Along with news from the current SEC v. Ripple lawsuit, developments on Binance and FTX are important to take into account.


The midday session will be influenced by US economic data and the NASDAQ Composite Index. There will be a lot of curiosity in the February US consumer sentiment numbers. The Fed would feel more confident making more bold steps to fight inflation if consumer confidence rose.


As a result of decline purchasers providing much-needed assistance, the NASDAQ Composite Index increased by 0.63% on Monday. Today's morning saw a 9-point gain for the NASDAQ mini.

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