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British Prime Minister Starmer: Trumps efforts have brought us closer than ever to ending Russias war in Ukraine, and the next step must be further talks with President Zelensky.On August 16th, the President of the European Commission issued a statement regarding the earlier US-Russia meeting, expressing her gratitude to US President Trump for providing an update on the Alaska meeting. Ursula von der Leyen stated that the EU is working closely with Ukraine and the US to achieve a just and lasting peace. Von der Leyen reiterated that strong security guarantees are essential to protecting Ukraine and Europes vital security interests. US President Trump and Russian President Vladimir Putin met in Anchorage, Alaska, on August 15th. The meeting lasted approximately three hours and was described by both sides as "constructive" and "productive," but no agreement was reached on issues such as a ceasefire between Russia and Ukraine.On August 16, European leaders issued a joint statement: Russia should not restrict Ukraines armed forces or its cooperation with third countries, and Russia cannot exercise a veto over Ukraines path to EU and NATO accession. International borders must not be changed by force. We will continue to support Ukraine. We will continue to strengthen sanctions and broader economic measures to put pressure on Russias economy until a just and lasting peace is achieved.Russian Ministry of Defense: Troops have captured the village of Voronezh in the Dnipropetrovsk region of Ukraine.Ukrainian Foreign Minister: Putin must understand the consequences of prolonging the war, and Ukraine remains committed to peace efforts.

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.