The BTC Fear & Greed Indicator is sending BTC bullish signals from the greed zone

Cryptocurrency news wires dominated the Nasdaq session

Thursday’s session was a busy one, with central bank actions, corporate earnings and US economic indicators in focus. Better-than-expected Initial Jobless Claims continued to ease fears of a hard landing. Most importantly, tightening labor market conditions may not force the Fed onto a more aggressive rate path if inflation continues to moderate.

Meta Platforms Inc. contributed. (META) in a bullish Nasdaq session as investors responded to Federal Reserve Chairman Powell’s press conference. META stock jumped 23.28% on the back of quarterly earnings and news of a $40 billion buyback.

The Nasdaq rose 3.25%. However, the NASDAQ mini index is down 173.25 points this morning.

Despite the bullish Nasdaq session, the cryptocurrency news update tested buyers’ appetite. News of the closure of the Kraken Abu Dhabi store in continued cost-cutting and the launch of the US Department of Justice investigation into Silvergate Bank and banking transactions with FTX Research and Alameda weighed on investor sentiment.

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