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March 14th - The war between the US, Israel, and Iran has entered its 15th day. According to Li Jiannan, a reporter from the Central Radio and Television Station in Iran, starting early this morning (March 14th) local time, Iran launched another round of strikes against US military bases in Israel and the region, including joint operations with Hezbollah in Lebanon. Iranian political analyst Zaidabadi stated that US President Trumps initial plan was that if a "devastating blow" was inflicted on Iran, the Iranian armed forces would immediately surrender. However, the duration of the war has exceeded US expectations, and its scale and consequences have also exceeded US predictions. The US believed that the use of force could resolve many issues, but Iran will not allow the US to exert its threats and will continue to use force to demonstrate its deterrent power in the Strait of Hormuz region.The Ukrainian military reported that it attacked an oil refinery in Russias Krasnodar Krai.Israeli military: Missiles from Iran detected.Indian government officials: The Indian-flagged liquefied petroleum gas (LPG) carriers INS Shivalik and INS Nandavi have passed through the Strait of Hormuz.March 14th - According to Iranian sources on the 14th, the situation on Kharg Island has been brought under control, and the defense system was restarted shortly after the attack. The deputy governor of Bushehr province stated on the 14th that the United States and Israel launched an attack on Kharg Island in the early hours of the 13th, damaging some military facilities and Kharg Airport. Currently, Kharg Islands oil facilities are intact, oil exports are proceeding normally, and the operations of businesses located on the island have not been interrupted. Despite the attack, the overall situation on the island remains calm, and daily life continues in an orderly and safe manner. He also stated that the attack did not result in any casualties among military personnel, oil company employees, or island residents, and all departments are currently performing their duties and carrying out their daily activities normally.

Crypto Daily Market Highlights: Regulatory Risk and Fed Fear Weigh

Cory Russell

Mar 01, 2023 15:22

The top ten cryptocurrency index had a negative afternoon on Tuesday. The top ten entered the red with ADA's help. Bitcoin fell below $24,000 for the fourth straight session during the negative session.


Even though February's consumer confidence figures were lower than anticipated, US economic measures came up short. From 106.0 to 102.9, the CB Consumer Sentiment Index decreased.


With the S&P/CS HPI Index - 20 n.s.a increasing by 4.6% year over year in December, housing industry statistics also sent a negative indication. November saw a 6.8% increase in the Index. High US mortgage rates had an impact on demand, which slowed the increase in home prices.


To end a negative month, the NASDAQ Composite Index decreased by 0.10 percent on Tuesday. Investor mood was still being affected by the possibility of a higher for extended Fed interest rate trend. The NASDAQ mini was down 36.25 points this morning.


News about the cryptocurrency market, however, heightened the pessimism. Regulation action kept grabbing people's interest. Alarm alarms went off when it was reported that the SEC had subpoenaed Robinhood (HOOD). Moreover, there were reports that Visa (V) and Mastercard (MA) would rethink their plans for cryptocurrency.


The Day Ahead Buyers should keep an eye on the cryptocurrency news channels for any regulation developments and US lawmakers' conversations. Updates on Binance and FTX as well as information from the current SEC v. Ripple lawsuit need to be taken into account.


Interest in economic signs will also be high. 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, buyers should also keep an eye on the FOMC members' daily conversations.


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