• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Afghan government spokesperson: All parties agreed to continue talks after the Istanbul meeting.A spokesperson for the Afghan government said that talks with Pakistan have concluded in Turkey after several days of mediation by Türkiye and Qatar.On October 31st, Commerzbank economist Joerg Kraemer noted in a research report that European Central Bank President Christine Lagarde signaled at her press conference that key interest rates would not be lowered in the coming months. Kraemer stated that Lagarde reiterated that current interest rates are in a "comfortable range," further reinforcing the case for maintaining interest rate stability. While acknowledging that economic risks have decreased due to trade compromises and the Middle East ceasefire, Lagarde avoided describing overall economic risks as tilted upwards. Kraemer stated, "We continue to expect the ECB to maintain the deposit rate at 2% at least until the end of next year."Market news: Ford Motor Company (FN) will invest $370 million in India.October 31st - According to sources familiar with the matter, Nvidia (NVDA.O) plans to invest up to $1 billion in artificial intelligence company Poolside, a deal that would quadruple the AI startups valuation. Poolside is in talks to raise $2 billion at a valuation of $12 billion (excluding amounts already raised). Sources say Nvidias initial investment in this round is $500 million, and could increase to $1 billion if the startup reaches its fundraising goals. Poolside reportedly already has over $1 billion in investment commitments, with approximately $700 million coming from existing investors. Magnetar, an asset management firm known for its hedge fund investments, is also reportedly in talks to participate in this funding round.

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

Alice Wang

Mar 01, 2023 15:41

微信截图_20230301105242.png


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.