Latest news with #Fear&GreedIndex
See - Sada Elbalad
an hour ago
- Business
- See - Sada Elbalad
FedEx Suspends Shipments to Israel amid Rising Regional Tensions
Taarek Refaat FedEx, the global logistics giant, has temporarily suspended shipments to Israel and Iraq due to escalating tensions in the Middle East. The company announced the decision on its official website on Friday, citing security concerns as the region grapples with growing instability between Israel and Iran. FedEx, listed on the New York Stock Exchange under the symbol "FDX.N," confirmed that it has also halted some of its flights to destinations in the region. The company emphasized that the safety of its employees, customers, and the communities it serves remains its top priority. "As we closely monitor developments in the region, we are adjusting our operations based on safety requirements and the evolving situation on the ground," a FedEx spokesperson stated. This decision by FedEx follows a similar move by Danish shipping giant Maersk, which announced the temporary suspension of its maritime services to the Israeli port of Haifa due to security concerns related to the ongoing conflict between Israel and Iran. The ripple effects of these moves are expected to impact global supply chains, with disruptions to shipments and trade flows. The Middle East, a crucial hub for trade and logistics, has already seen a slowdown in economic activity due to the political instability, and further suspensions could exacerbate the situation. As tensions continue to rise, companies in the logistics and shipping sectors are likely to remain cautious in their operations. The ongoing situation highlights how geopolitical conflicts can quickly extend beyond national borders, influencing international commerce and the movement of goods. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand
Economic Times
2 days ago
- Business
- Economic Times
Cryptocurrency Live News & Updates : Bitcoin Drops Amid Trump's Iran Comments
In recent developments, Bitcoin experienced a notable decline following comments from former President Donald Trump regarding Iran's supreme leader, which heightened geopolitical tensions. The cryptocurrency fell sharply before recovering slightly, reflecting a broader weakening of crypto sentiment as indicated by the Fear & Greed Index. Meanwhile, Gemini has taken a stand against the CFTC, alleging misconduct in a prolonged legal battle stemming from a 2022 lawsuit. The exchange claims the CFTC's actions were driven by personal ambition rather than public interest. In the derivatives market, Binance Futures is set to launch new perpetual contracts, MYXUSDT and FUSDT, with significant leverage options, catering to rising interest in decentralized finance. Additionally, Bitcoin traders are closely monitoring the Federal Reserve's upcoming dot plot, which could influence market dynamics, especially if the Fed signals fewer rate cuts than expected. Lastly, Ark Invest has sold a substantial amount of Circle shares following the Senate's approval of the GENIUS Act, which aims to regulate stablecoin issuers, indicating a strategic shift in their investment approach. Bitcoin's price fell from $104,310 to $103,553 after Trump labeled Iran's supreme leader an 'easy target,' raising geopolitical tensions. The Fear & Greed Index also dipped to neutral, with analysts warning of a potential drop below $100,000. Bitcoin Drops Amid Trump's Iran Comments Bitcoin's price fell from $104,310 to $103,553 after Trump labeled Iran's supreme leader an 'easy target,' raising geopolitical tensions. The Fear & Greed Index also dipped to neutral, with analysts warning of a potential drop below $100,000. Gemini Accuses CFTC of Misconduct in Probe Gemini has lodged a complaint against the CFTC, claiming the agency's seven-year investigation is unfounded and driven by personal ambition rather than public interest. Binance Futures Introduces MYXUSDT and FUSDT Contracts Binance Futures will launch MYXUSDT and FUSDT perpetual contracts on June 18, offering up to 50x leverage and settling in USDT. Bitcoin Traders Focus on Fed's Dot Plot Insights Traders are anticipating the Federal Reserve's dot plot for future market direction, despite expectations of steady interest rates at 4.25%–4.50%. A hawkish outlook could pressure Bitcoin prices, while a dovish surprise may reignite momentum. Ark Invest Divests $45M in Circle Shares Post-GENIUS Act Ark Invest sold 300,108 shares of Circle Internet Group for $44.7 million following the Senate's approval of the GENIUS Act, which regulates stablecoin issuers. Feniix Energy Acquires $75 Million Assets via Blockchain Feniix Energy has successfully acquired $75 million in oil and gas assets through blockchain tokenization, utilizing Global Settlement's GSX protocol for instant settlement and transparency. Binance Halts IoTeX Transactions for Upgrade Binance will temporarily suspend IoTeX (IOTX) network deposits and withdrawals starting June 19, 2025, to implement a network upgrade and hard fork aimed at improving user experience. SHIB Long Positions Liquidated Amid Bearish Sentiment The SHIB long/short ratio has fallen to 0.9298, indicating a bearish trend, with over $1.8 million in long positions liquidated since June 12. Despite a 10% price drop this week, SHIB holds key support at $0.00001100, with signs of a potential bullish reversal. Vanadi Coffee Boosts Bitcoin Holdings by 20 Coins Spanish coffee chain Vanadi Coffee has increased its Bitcoin reserves by 20 coins, bringing its total to 30 Bitcoins. JustLend DAO's TVL Exceeds $6.19 Billion JustLend DAO, a prominent DeFi platform in the TRON ecosystem, has surpassed a total value locked (TVL) of $6.19 billion, with over $123 million in funding and a user base exceeding 471,000. Accumulator Strategy Beats DCA for Bitcoin Investment Research by OrBit Markets reveals that the accumulator strategy has outperformed dollar-cost averaging (DCA) for Bitcoin over the past 2.5 years, offering lower acquisition costs, particularly for corporate and long-term investors. DeFi Lenders Approach $60B in Assets Amid Growth A report reveals that the total value locked in DeFi lending protocols is nearing $60 billion, driven by institutional participation and the integration of DeFi into user-facing applications. Onyxcoin Sees 11% Price Drop: Causes Explained Onyxcoin's price dropped 10.98% from $0.01421 to $0.01319, likely due to broader market weakness and technical factors, though it has since partially recovered to $0.01339. New York Officials Bust Crypto Scam Targeting Russians New York authorities have disrupted a cryptocurrency scam aimed at the Russian community, recovering $140,000 and freezing $300,000 in stolen assets. The investigation revealed scammers used fake investment ads on social media to deceive victims, resulting in over $1 million in losses. XRP Falls 5% Amidst Heavy Selling Pressure XRP experienced a 4.5% decline in 24 hours, dropping from $2.254 to $2.164 due to increased sell pressure and macroeconomic uncertainties. Concerns Raised Over South Korean Won Stablecoin South Korean Central Bank Governor Rhee Chang-yong expressed reservations about a won-backed stablecoin, citing potential complications in foreign exchange management and the need for central bank regulation. SUI Experiences Volatility; Trading Volume Increases SUI faced a volatile trading day, fluctuating 7.3% between $2.71 and $2.92, ultimately closing at $2.78. Trading volume surged 11% above the 30-day average, indicating strong market participation during this reversal. DOJ Moves to Seize $225M from Crypto Scams The U.S. Department of Justice has initiated action to forfeit over $225 million in cryptocurrency linked to extensive pig butchering scams, primarily involving Tether (USDT). Ethereum's Institutional Capital Surge Cannot Be Overlooked Ethereum has seen significant institutional capital inflows, including a $425 million allocation from SharpLink Gaming, yet trader confidence remains low as ETH struggles to break out of consolidation. Crypto Funding Rates Indicate Bearish Market Sentiment Funding rates on major exchanges reveal a neutral to slightly bearish sentiment in the market, with many cryptocurrencies showing rates below the bullish threshold of 0.01%. U.S. Jobless Claims Data to Release Tonight The U.S. Department of Labor will publish initial jobless claims for the week ending June 14 at 16:30 UTC+4, a key indicator of labor market health that can influence market volatility. Fixing the Flaws in the GENIUS Bill The Senate's GENIUS Act aims to regulate stablecoins, but faces criticism for potential inefficiencies and redundancy. Experts advocate for the Federal Reserve as the sole regulator to streamline oversight. Coinbase Launches USDC Payment Solution on Shopify Coinbase has introduced a new stablecoin payment infrastructure that enables Shopify merchants to accept USDC transactions seamlessly, enhancing the integration of traditional commerce with blockchain technology. Bitcoin Tests 50-Day Support; XRP Faces Bearish Risks Bitcoin's price has revisited its 50-day simple moving average, which has historically provided support. A failure to maintain this level could trigger a drop below $100,000, while XRP is showing signs of a potential bearish shift. Ethereum (ETH) Hits 2,500 USDT with Minor Dip As of June 18, 2025, Ethereum has surpassed the 2,500 USDT mark, currently trading at 2,506.92 USDT, reflecting a slight 0.33% decrease over the past 24 hours. Powell: Labor Market Cooling Not a Concern Federal Reserve Chair Jerome Powell stated that the gradual cooling of the labor market is not alarming, citing strong participation and healthy wage growth as positive indicators. BNB Chain Launches Access-Fi for Web3 Monetization BNB Chain has unveiled Access-Fi, a new social finance initiative designed to monetize Web3 content, enhancing interactions among creators, KOLs, and fans through projects like Reach Me and Pieverse. U.S. Jobless Claims Hold Steady Mid-June Initial unemployment claims in the U.S. for the week ending June 14 remained at 245,000, aligning with expectations, while continuing claims slightly exceeded forecasts at 1.945 million. UNI Surges 70% Since April Lows, Up 24% Monthly UNI has increased by 1.56% in the last 24 hours, currently trading at $7.4671 after a 70% rise from its April low of $4.551, marking seven weekly gains in eight weeks. Bitcoin (BTC) Falls Below 104,000 USDT As of June 18, 2025, Bitcoin has dipped below 104,000 USDT, currently trading at 103,951.51 USDT, reflecting a 1.43% decline over the past 24 hours. Lion Group Holding Unveils $600M HYPE Treasury Plan Lion Group Holding Ltd announces a $600 million initiative to establish a treasury strategy focused on Hyperliquid (HYPE), following a similar $50 million commitment from Eyenovia. Powell Addresses Tariff Effects on Economy Federal Reserve Chair Jerome Powell indicated that the effects of tariffs will vary based on their levels, warning that recent tariff hikes could pressure economic activity and fuel inflation. BNB Falls Below 640 USDT Amid Market Decline As of June 18, 2025, BNB has dipped below 640 USDT, currently trading at 639.53 USDT, reflecting a 2.23% decrease over the last 24 hours. BlackRock's $2.9B Fund Accepted as Collateral on Crypto Platforms The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is now accepted as collateral on and Deribit, allowing institutional traders to leverage their positions while earning yield on the underlying assets. Justin Sun and Trump: A Billion-Dollar Crypto Alliance Tron's reverse merger with SRM Entertainment, valued at $210 million, highlights Justin Sun's strategy and the influence of Donald Trump's network on market perception. Ethereum Holds Steady at $2.5K Amid Market Volatility Ethereum remains resilient at the $2,500 support level, showing a consolidation pattern as traders anticipate a potential 'golden cross' on the charts. Fed Maintains Rates, Predicts Slower Growth and Inflation Bitcoin's price remains stable as the U.S. Federal Reserve holds interest rates steady at 4.25%-4.50%, revising growth and inflation forecasts downward. Fed Officials Split on 2025 Rate Cuts The Federal Reserve's dot plot shows a divide among officials on interest rate cuts for 2025, with seven opposing cuts, while others propose reductions ranging from 25 to 75 basis points.
BusinessToday
23-05-2025
- Business
- BusinessToday
More Upside Forthcoming For Bitcoin
Bitcoin has soared to a record-breaking high of RM472,299 (US$111,881), marking a significant milestone for the world's most prominent cryptocurrency and fuelling renewed optimism in the digital asset space. Malaysian crypto exchange Luno Asia Pacific General Manager Aaron Tang said, despite the historic price surge, retail investor interest remains relatively low compared to past bull runs as indicated by the Fear & Greed Index. 'Currently, the index is at 72, indicating 'greed', which suggests there may still be room for growth if retail participation picks up,' Tang said. He shared that, unlike previous cycles, this rally is largely fuelled by strong institutional demand by big players like Strategy Inc (formerly MicroStrategy), BlackRock and Grayscale through direct Bitcoin holdings and exchange-traded funds. 'Hence, the market sentiment remains positive but not overheated,' Tang said. Related
Yahoo
15-05-2025
- Business
- Yahoo
Inside the historic $8 trillion market comeback
In early April, Wall Street threw a temper tantrum that would make a toddler proud. Fearing President Donald Trump's chaotic trade war would ignite a global recession, investors scrambled to dump US assets. The rare simultaneous selloff of both stocks and bonds reflected a serious loss of confidence in White House policy. Then Trump changed his tune. The president paused so-called 'reciprocal tariffs' for 90 days and later slashed tariffs on China, though many items still face higher tariffs than before the Trump administration. US stocks reversed course, too, setting off a historic rally on Wall Street in the past month. The S&P 500 has now fully erased the year's losses and gained nearly $8 trillion in market value since its April 8 lows. It's a remarkable comeback that underscores palpable relief among investors and easing recession fears since Trump's stunning reversal. 'The markets had a tantrum and stomped their collective feet and got what they wanted: Trump to back off,' Ed Yardeni, president of investment advisory Yardeni Research, told CNN in a phone interview. 'Trump realized he was toying around with liquid nitroglycerine and that it was time to back off.' The early 2025 selloff was breathtaking in its speed and intensity. It took just 22 days for the S&P 500 to close in correction territory, a 10% drop from its record highs in November — a fraction of the time it normally takes to get a correction, according to CFRA Research. The S&P 500 narrowly avoided plunging into a bear market. 'It was a free-fall moment,' said Kevin Gordon, senior investment strategist at Charles Schwab. 'Investor sentiment got to panic levels.' The recovery has been just as swift, the fastest since 1982. It took 25 trading days to go to positive territory from down 15% on the year, according to Bespoke Investment Group. In times of gloomy sentiment, investors might spark speedy rebounds when they finally see a situation change. 'Investors think the worst is likely over and that the reason for the panic has largely been undone,' said Sam Stovall, chief investment strategist at CFRA Research. The whipsaw action in markets underscores how hard it is for even the smartest minds on Wall Street to time markets. And why Nathan Rothschild famously said, 'The time to buy is when there's blood in the streets.' The CNN Fear & Greed Index of market sentiment signaled 'extreme fear' among investors in April, crashing to three on a scale of one to 100. The gauge has since completely rebounded and is now in 'greed' territory (and heading toward 'extreme greed'). The tech sector has largely led the rally after the Trump administration's decision to exclude smartphones and other electronics from country-specific tariffs. Apple (AAPL) and Amazon (AMZN) stocks have surged more than 20% apiece since the April 8 low. Nvidia (NVDA) has spiked more than 40%. But the upswing goes broader than tech. Consumer discretionary, industrials, communication services and financials have all rallied on Wall Street in the past month. Each time tariffs have been dialed back, forecasters have cut their odds of a recession. The chance of a US recession is now less than 50%, according to JPMorgan Chase economists' forecast, down from 60% in early April before Trump's 90-day pause on country-specific tariffs. Goldman Sachs now sees a 35% chance of a recession, down from 45% before the US-China breakthrough on trade. And recession chances on prediction platform Polymarket have plunged from 66% to 39%. 'There was a tremendous amount of anxiety about Trump's tariffs causing turmoil and uncertainty and increasing the likelihood of a recession, not just in the US but on a global basis,' Yardeni said, adding that 'Trump couldn't afford to let this issue fester.' And the odds of a recession don't have to be zero for investors to pile back into stocks. 'If zero is knowing nothing and 10 is knowing everything, Wall Street nibbles at 3 and does full-blown buying at 5,' said Stovall. Of course, the US economy is not out of danger. US tariffs have still skyrocketed, just not as high as a few weeks ago. The average effective tariff rate stands at 17.8%, the highest since 1934, according to The Budget Lab at Yale. US tariffs on China are no longer at 145%, but they're still elevated at 30%. That's low enough to unfreeze trade but high enough to still cause price increases. And no one knows exactly how those still-high tariffs will hit the US economy – not even the Federal Reserve. 'This is still relatively extreme trade policy,' said Schwab's Gordon. The White House argues the economic damage will be minimal. Many economists expect a burst of inflation and job loss, though the magnitude is very much up for debate. The rapid recovery has spurred other investor concerns, and some worry the stock market rally is overextended. 'The market has raced from oversold to overbought in record time,' Mark Hackett, chief market strategist at Nationwide, wrote in a note on Wednesday. 'That limits near-term upside unless we see a clear reacceleration in growth.' Hackett said that without stronger growth and earnings, it will be difficult for US stocks to break out to new highs. UBS warned on Wednesday that economic data is 'poised to soften' in the coming months and that, in turn, US stocks could face a 'modest headwind.' The bank has downgraded its stance on US stocks from 'attractive' to 'neutral,' cautioning that much of the good news has already been priced in and challenging news is likely on the way. And a powerful rally does not guarantee the worst is over. CFRA's Stovall notes that in two-thirds of all bear markets since World War II, the S&P 500 ultimately made even lower lows after recovering from double-digit percentage declines. 'There is still an awful lot of uncertainty out there. We have to wait and see if this rally has legs,' Stovall said. The biggest X-factor is Trump himself and his evolving trade agenda. Markets remain one all-caps Truth Social post away from either a meltdown or a ferocious rally. 'This was a manufactured correction,' said Stovall, 'and it could be remanufactured if the president wants to change his mind about things.' Sign in to access your portfolio
CNN
15-05-2025
- Business
- CNN
Inside the historic $8 trillion market comeback
In early April, Wall Street threw a temper tantrum that would make a toddler proud. Fearing President Donald Trump's chaotic trade war would ignite a global recession, investors scrambled to dump US assets. The rare simultaneous selloff of both stocks and bonds reflected a serious loss of confidence in White House policy. Then Trump changed his tune. The president paused so-called 'reciprocal tariffs' for 90 days and later slashed tariffs on China, though many items still face higher tariffs than before the Trump administration. US stocks reversed course, too, setting off a historic rally on Wall Street in the past month. The S&P 500 has now fully erased the year's losses and gained nearly $8 trillion in market value since its April 8 lows. It's a remarkable comeback that underscores palpable relief among investors and easing recession fears since Trump's stunning reversal. 'The markets had a tantrum and stomped their collective feet and got what they wanted: Trump to back off,' Ed Yardeni, president of investment advisory Yardeni Research, told CNN in a phone interview. 'Trump realized he was toying around with liquid nitroglycerine and that it was time to back off.' The early 2025 selloff was breathtaking in its speed and intensity. It took just 22 days for the S&P 500 to close in correction territory, a 10% drop from its record highs in November — a fraction of the time it normally takes to get a correction, according to CFRA Research. The S&P 500 narrowly avoided plunging into a bear market. 'It was a free-fall moment,' said Kevin Gordon, senior investment strategist at Charles Schwab. 'Investor sentiment got to panic levels.' The recovery has been just as swift, the fastest since 1982. It took 25 trading days to go to positive territory from down 15% on the year, according to Bespoke Investment Group. In times of gloomy sentiment, investors might spark speedy rebounds when they finally see a situation change. 'Investors think the worst is likely over and that the reason for the panic has largely been undone,' said Sam Stovall, chief investment strategist at CFRA Research. The whipsaw action in markets underscores how hard it is for even the smartest minds on Wall Street to time markets. And why Nathan Rothschild famously said, 'The time to buy is when there's blood in the streets.' The CNN Fear & Greed Index of market sentiment signaled 'extreme fear' among investors in April, crashing to three on a scale of one to 100. The gauge has since completely rebounded and is now in 'greed' territory (and heading toward 'extreme greed'). The tech sector has largely led the rally after the Trump administration's decision to exclude smartphones and other electronics from country-specific tariffs. Apple (AAPL) and Amazon (AMZN) stocks have surged more than 20% apiece since the April 8 low. Nvidia (NVDA) has spiked more than 40%. But the upswing goes broader than tech. Consumer discretionary, industrials, communication services and financials have all rallied on Wall Street in the past month. Each time tariffs have been dialed back, forecasters have cut their odds of a recession. The chance of a US recession is now less than 50%, according to JPMorgan Chase economists' forecast, down from 60% in early April before Trump's 90-day pause on country-specific tariffs. Goldman Sachs now sees a 35% chance of a recession, down from 45% before the US-China breakthrough on trade. And recession chances on prediction platform Polymarket have plunged from 66% to 39%. 'There was a tremendous amount of anxiety about Trump's tariffs causing turmoil and uncertainty and increasing the likelihood of a recession, not just in the US but on a global basis,' Yardeni said, adding that 'Trump couldn't afford to let this issue fester.' And the odds of a recession don't have to be zero for investors to pile back into stocks. 'If zero is knowing nothing and 10 is knowing everything, Wall Street nibbles at 3 and does full-blown buying at 5,' said Stovall. Of course, the US economy is not out of danger. US tariffs have still skyrocketed, just not as high as a few weeks ago. The average effective tariff rate stands at 17.8%, the highest since 1934, according to The Budget Lab at Yale. US tariffs on China are no longer at 145%, but they're still elevated at 30%. That's low enough to unfreeze trade but high enough to still cause price increases. And no one knows exactly how those still-high tariffs will hit the US economy – not even the Federal Reserve. 'This is still relatively extreme trade policy,' said Schwab's Gordon. The White House argues the economic damage will be minimal. Many economists expect a burst of inflation and job loss, though the magnitude is very much up for debate. The rapid recovery has spurred other investor concerns, and some worry the stock market rally is overextended. 'The market has raced from oversold to overbought in record time,' Mark Hackett, chief market strategist at Nationwide, wrote in a note on Wednesday. 'That limits near-term upside unless we see a clear reacceleration in growth.' Hackett said that without stronger growth and earnings, it will be difficult for US stocks to break out to new highs. UBS warned on Wednesday that economic data is 'poised to soften' in the coming months and that, in turn, US stocks could face a 'modest headwind.' The bank has downgraded its stance on US stocks from 'attractive' to 'neutral,' cautioning that much of the good news has already been priced in and challenging news is likely on the way. And a powerful rally does not guarantee the worst is over. CFRA's Stovall notes that in two-thirds of all bear markets since World War II, the S&P 500 ultimately made even lower lows after recovering from double-digit percentage declines. 'There is still an awful lot of uncertainty out there. We have to wait and see if this rally has legs,' Stovall said. The biggest X-factor is Trump himself and his evolving trade agenda. Markets remain one all-caps Truth Social post away from either a meltdown or a ferocious rally. 'This was a manufactured correction,' said Stovall, 'and it could be remanufactured if the president wants to change his mind about things.'
