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Real-time News
July 5th - According to the Financial Times, Uber has suspended most of its European food delivery expansion plans as it continues its efforts to acquire its biggest competitor in Europe. Two sources familiar with the matter revealed that the company no longer plans to launch services in five of the seven countries it planned to expand into this year, including Austria, Norway, and Greece. This adjustment comes just five months after Uber announced its European food delivery expansion plans, which included entering markets such as the Czech Republic and Romania, and aiming to add $1 billion in total bookings over the next three years. However, Uber is still pursuing the acquisition of Berlin-based food delivery platform Delivery Hero. Its €10 billion takeover offer was rejected by Delivery Hero in May.According to the Financial Times, Frances efforts to exclude Britain from EU defense spending will backfire.On July 5th, the Iranian Foreign Ministry announced that the Yemeni Deputy Prime Minister visited Tehran to attend the funeral of former Iranian Supreme Leader Ayatollah Khamenei and met with Iranian Foreign Minister Araqchi on Saturday afternoon. Foreign Minister Araqchi expressed gratitude for the courage and firm stance of the Yemeni government and people in their strong condemnation of the US-Israeli military aggression against Iran and their expression of solidarity with the Iranian people. Araqchi also emphasized that Iran is prepared to utilize all diplomatic channels to promote the lifting of the blockade against Yemen and the full implementation of the Yemen peace roadmap.Iranian Foreign Ministry: A Serbian delegation visited Tehran to attend the funeral of former Iranian Supreme Leader Khamenei and met with Iranian Foreign Minister Araqchi on Saturday afternoon.July 5th - The Chinese and Russian navies will hold the "Joint Sea-2026" joint exercise in the sea and airspace near Qingdao in July. After the exercise, some forces from both sides will conduct joint maritime patrols in relevant waters of the Pacific Ocean. This is part of the annual cooperation plan between the Chinese and Russian militaries, aimed at jointly addressing security challenges and maintaining regional peace and stability.

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.


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