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Major cryptocurrencies traded in the red on Wednesday evening as the Federal Open Market Committee (FOMC) meeting on June 14 unveiled a solid consensus among board members in favor of further interest rate hikes in 2023.CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Bitcoin BTC/USD -1.31%$30,422Ethereum ETH/USD -1.85%$1905Dogecoin DOGE/USD -3.15%$0.066

What Happened: Based on economic projections from participants, it is widely agreed that there will be a need for continuous increases in the target federal funds rate throughout 2023.

BTC, after reaching a peak of over $31,000 in mid-June due to several spot bitcoin ETF filings, has shown resilience against potential price catalysts despite the renewed optimism among investors.

Top Gainer (24 Hour)CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Solana+1.97%$19.59Filecoin+1.89%$4.66Bitcoin Cash+0.81%$279

At the time of writing, the global crypto market capitalization stood at $1.19 trillion, a decrease of 1.66% over the last day.

US stocks experienced a decline on Wednesday as the market returned from a shortened holiday week. The S&P 500 witnessed a 0.2% decrease, while the Nasdaq Composite slipped by 0.18%.

See More: Best Crypto Day Trading Strategies

Analyst Notes: According to crypto analyst Michael Van de Poppe, he suggests keeping an eye on the current area of Bitcoin as Altcoins are undergoing corrections and entering long territories. "Will see tomorrow and Friday [will be important] unemployment dates. If youd want to look for longs, this is the region, otherwise $28.5K," he said.

Pseudonymous analyst Dave the Wave said Bitcoins monthly moving average convergence divergence (MACD) indicator is showing a long-term bullish trend. "If the monthly MACD indicator suggested the top of the market at the end of 2021, which was then confirmed with subsequent price action, at a time when most were still in the throes of uber-bullishness, then doesn't this then add extra weight or veracity to the metric now suggesting (if not confirming) a recovery in price on its path back toward higher prices?"

For those unfamiliar, the MACD is a popular momentum indicator used by traders to spot potential trend reversals. Dave, relying on past experiences, claims that the MACD has proven to be a reliable indicator for Bitcoin in the past.

Another pseudonymous analyst TechDev said that Bitcoin is on the cusp of a significant surge comparable to historical cycles in 2016 and late 2020. To support his claim, TechDev shares a chart.

The chart indicates that BTC has successfully broken through a diagonal resistance, retraced to test a horizontal support level, and now appears poised for an upward momentum mirroring patterns seen in previous market cycles. "Bitcoin sure looks to be building a macro parabola. Question is whether this one will be steeper like late 2020, or shallower like early 2016," he said.

On-chain analytics firm, Santiment, has observed that despite the reduced interest levels, Solana may not be exhibiting the same industry-leading development activity that crypto traders enjoyed in 2021, reflected by the absence of $250+ price levels. However, it is noteworthy that over the past 3 weeks, SOL has experienced a 35% surge.

Read Next: Jim Cramer Advises Against Using Binance, Provokes Strong Reactions From Twitter Users

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Rows of decomposing bodies that haven’t been buried because of fierce fighting in Syrian city

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Rows of decomposing bodies that haven't been buried because of fierce fighting in Syrian city

The smell hit us before we turned the corner into the backyard of Sweida City’s main hospital.

Neatly laid out in lines were rows of white body bags: some of the victims of the vicious bloodletting which the mainly-Druze city has suffered over the past week.

There are more than 90 corpses in the yard, now badly decomposing in the heat.

They are still picking up bodies from the hospital’s front garden as we arrive.

They say they have been unable to bury them because of the fierce fighting around the Syrian city.

Body bags
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There are dozens of corpses in the hospital yard, now badly decomposing in the heat

Most of the dead here are unidentified and will be buried in a mass grave near the hospital in the hope that a full investigation will be launched in less turbulent times.

Inside the hospital, we’re taken through darkened corridors powered by a generator. The electricity and internet in the city and the surrounding villages are not working.

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A body being carried outside the hospital

Traumatised patients

Food and water are scarce and the doctors say medical supplies are dwindling. The hospital is in a shockingly dirty state, and many of the people in it are traumatised and frightened.

A Druze fighter in a destroyed hospital corridor
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A Druze fighter in a destroyed hospital corridor

Dr Obeida Abu Fakher, who is the head of resident doctors, told us that the lack of medical supplies and poor hygiene were now threatening the condition of those saved in emergency operations, some carried out along hospital corridors because the operating rooms were full.

“I think you can smell the bad smell coming from the wound?” Dr Fakher says to us, as another medic delicately replaces the bandage on a young man’s leg.

“This is a very big problem because all the patients we treated in the operations rooms are now (getting infected) and risk dying right here.”

An injured father and son
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An injured father and son in hospital

The wards are packed with the civilian victims caught up in Syria’s complex tribal and political violence – the worst since the toppling of the country’s dictator Bashar al Assad by fighters backed by Turkey and led by former Islamist Ahmed al Sharaa.

Among the victims is 21-year-old Hajar, who was nine months pregnant with her first baby when she was shot through both legs.

Medics managed to save her life but not her baby – a victim of this brutal outbreak of violence before even being born.

A pregnant woman with Sky's Alex Crawford
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Doctors managed to save Hajar’s life but not her baby

A male nurse openly weeps in the corner of the ward where Hajar is laying immobile on a dirty hospital bed. Hajar’s bandages hold together her shattered legs and there’s blood still caked on her feet.

“She needs specialist operations which we cannot do right now,” a doctor explains.

An elderly woman in hospital

Hajar is just one of the many casualties among the dozens crammed in this hospital, as well as the tens of thousands of others affected by what’s happened over the past 10 days of brutality in Sweida.

The UN estimates nearly 130,000 people have fled their homes. The death toll is still being calculated but is thought to be more than a thousand so far.

Men in the hospital

We have driven through multiple Druze checkpoints to get here. The Druze-dominated area is extremely edgy now and bunkered down behind sand chicanes and armed barricades.

Read more from Sky News:
Homes burning after mass pillaging in city
Who are the Druze and who are they fighting in Syria?

Druze fighter with flag
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A Druze fighter with a flag representing the Druze faith

The cycle of tit-for-tat kidnappings and revenge attacks between Druze and Arab Bedoin tribes in the city quickly spiralled into an international crisis when witnesses said some government forces sent in as peacekeepers went on to join Bedoin tribes in the killing spree and robbing of the Druze minority.

Two old men in hospital

Israeli forces, who had warned against any of the Syrian army operating in the area, intervened with airstrikes, killing hundreds of troops as well as civilians.

It was an act of aggression which the new Syrian president would later describe as pushing the country into a “dangerous phase” and threatening its stability.

A shelled ambulance in Syria
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An ambulance that was severely damaged by shelling

Days of anarchy

The Israeli bombings forced the government troops to withdraw and, in their absence, Druze militia demanding autonomy from Damascus, embarked on a rash of revenge attacks and kidnappings.

Days of anarchy followed with thousands of Arab fighters including Islamic extremists massing on the area, pillaging and looting mainly Druze homes and businesses and engaging in pitched battles with Druze militia as well as civilians defending their homes and families.

A young man in the hospital
A man in the hospital

Shocking but mostly unverified social media posts showing executions and beheadings from both Druze and Arab accounts have fuelled the fear and fighting.

There are misinformation and disinformation propaganda campaigns – many by Islamists – which are inciting the violence and cementing divisions.

Body bags outside the hospital

The beleaguered new Syrian leader thanked America and the UAE for brokering a ceasefire – but it is shaky and in its infancy, and there’s a massive trust deficit all round which it is tentatively plastering.

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This is so much more than a bloody sectarian crisis – and comes at a time when Syria is emerging from more than a decade of civil war and is economically broken.

The crisis is complex, multi-layered and drawing in others.

Anadolu Agency quoted the Turkish foreign minister Hakan Fidan as warning that any attempt to divide Syria will be viewed as a threat to Turkish national security and lead to direct Turkish intervention.

These are words that will chill the many millions of Syrians desperate for peace.

:: Alex Crawford reports from Syria with camera operator Garwen McLuckie, specialist producer Chris Cunningham and Syrian producers Mahmoud Mosa and Ahmed Rahhal.

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More than 100 people die of hunger in Gaza, including 80 children, say Palestinian officials

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More than 100 people die of hunger in Gaza, including 80 children, say Palestinian officials

For the first time since the war in Gaza began in October 2023, Palestinian officials have said that dozens of people are dying of hunger.

At least 101 people are known to have died of malnutrition during the conflict, including 80 children, most of them in recent weeks, according to officials.

United Nations secretary-general Antonio Guterres has said malnourishment is soaring and starvation is knocking on every door in Gaza, describing the situation as a “horror show”.

Palestinians gather to receive food from a charity kitchen, amid a hunger crisis, in Gaza.
Pic: Reuters
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Palestinians gather to receive food from a charity kitchen, amid a hunger crisis in Gaza. Pic: Reuters

Latest updates on the Middle East

Israel controls all supplies entering Gaza and has denied it is responsible for food shortages.

Some food stocks in the Palestinian territory have run out since Israel cut off all supplies in March and then lifted the blockade in May with new measures it said were needed to prevent aid from being diverted to militant groups.

Israel has blamed the UN for failing to protect aid it says is stolen by Hamas and other groups. The fighters deny stealing it.

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‘There is nothing left’

The Norwegian Refugee Council (NRC) has said its aid stocks are completely depleted in Gaza and some of its staff are starving, with the organisation accusing Israel of paralysing its work.

“Our last tent, our last food parcel, our last relief items have been distributed. There is nothing left,” said Jan Egeland, the council’s secretary-general.

The NRC said that for the last 145 days, it has not been able to get hundreds of truckloads of tents, water, sanitation, food and education materials into Gaza.

COGAT, the Israeli military aid coordination agency, and Israeli authorities did not immediately respond to a request for comment. Israel denies accusations it is preventing aid from reaching Gaza.

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Israel wants to ‘finish off’ Gaza

Aid workers ‘fainting due to hunger’

The NRC comments echo those made earlier by the head of the UN Palestinian Refugee Agency (UNRWA), who said doctors and aid workers have been fainting on duty due to hunger and exhaustion.

“Caretakers, including UNRWA colleagues in Gaza, are also in need of care now. Doctors, nurses, journalists, humanitarians, among them. UNRWA staff are hungry. Many are now fainting due to hunger and exhaustion while performing their duties,” UNRWA commissioner general Philippe Lazzarini said.

He warned that seeking food has become “as deadly as the bombardments”, describing the Gaza Humanitarian Foundation aid distribution scheme as a “sadistic death trap”.

“This cannot be our new norm, humanitarian assistance is not the job of mercenaries,” he added.

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Lammy: I hope and pray for Gaza ceasefire soon

The UK, and several other countries, have condemned the current aid delivery model, backed by the Israeli and American governments, which has reportedly resulted in Israeli troops firing on Palestinian civilians in search of food on multiple occasions.

More than 800 people have reportedly been killed in recent weeks trying to reach food, mostly in shootings by Israeli soldiers posted near distribution centres.

Read more:
Gaza food situation ‘worst it’s ever been’, charity says
Israel launches ground assault on central Gazan city

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IDF enters this Gaza city for first time – why?

Israel ‘risking more civilian deaths’

Meanwhile, Israeli displacement orders followed by intensive attacks on the central Gaza city of Deir al Balah will lead to further civilian deaths, the head of the UN human rights office has said.

On Monday, Israeli tanks pushed into southern and eastern districts of the city for the first time after Israel issued an evacuation order.

The area is packed with Palestinians who have been displaced during the war in the coastal territory, and Israeli sources said the military believes hostages may be held there.

Now, Volker Turk, the head of the UN Office of the High Commissioner of Human Rights, has said: “It seemed the nightmare couldn’t possibly get worse.

“And yet it does… given the concentration of civilians in the area, and the means and methods of warfare employed by Israel until now, the risks of unlawful killings and other serious violations of international humanitarian law are extremely high.”

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Gazan doctor being held

Tents sheltering displaced people ‘hit by strikes’

Also, at least 20 people were killed in Israeli strikes on Gaza on Tuesday, according to officials in the Hamas-run strip.

Among them were 12 who died when tents sheltering displaced people in the Shati refugee camp on the western side of Gaza City were hit, according to Shifa Hospital, which treated casualties.

The dead included three women and three children, said hospital director Dr Mohamed Abu Selmiyah, who added that 38 other Palestinians were injured.

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And eight people were killed in an overnight strike that hit crowds of people waiting for aid trucks in Gaza City, according to hospitals. The Palestinian Red Crescent said at least 118 people were wounded.

Israel blames the deaths of Palestinian civilians on Hamas because the militants operate in densely populated areas. It accuses the group of prolonging the war because Hamas has not accepted Israel’s terms for a ceasefire – including calls to give up power and disarm.

Health officials say Israeli forces have killed almost 60,000 Palestinians in airstrikes, shelling and shooting since launching their assault on Gaza in response to Hamas’s October 7, 2023, attack on Israel, when 1,200 people were killed and 251 others taken hostage.

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Black Sabbath, Elton John and Rod Stewart among music giants paying tribute to Ozzy Osbourne

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Black Sabbath, Elton John and Rod Stewart among music giants paying tribute to Ozzy Osbourne

Black Sabbath have paid tribute to their former frontman Ozzy Osbourne after the megastar died at the age of 76.

Osbourne’s death on Tuesday morning was announced in a statement, which said he died surrounded by his family.

His death came just weeks after he reunited with his Black Sabbath bandmates – Tony Iommi, Terence “Geezer” Butler and Bill Ward – and performed a huge farewell concert for fans.

The band paid tribute to him on Instagram by sharing an image of Osbourne on stage at the farewell gig in Birmingham and writing “Ozzy Forever”.

Ozzy Osbourne’s life in pictures

Iommi, the band’s lead guitarist, said he was in disbelief at the news.

“It’s just such heartbreaking news that I can’t really find the words, there won’t ever be another like him. Geezer, Bill and myself have lost our brother.”

More on Ozzy Osbourne

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Watch: Ozzy’s last concert

Butler, Black Sabbath’s bassist and primary lyricist, thanked Osbourne for “all those years – we had some great fun”.

He said: “Four kids from Aston – who’d have thought, eh? So glad we got to do it one last time, back in Aston. Love you.”

The original drummer for Black Sabbath, Bill Ward, posted a picture of him and Osbourne on Facebook saying: “Where will I find you now? In the memories, our unspoken embraces, our missed phone calls, no, you’re forever in my heart.”

Ozzy Osbourne salutes the crowd with his wife Sharon during the 46th Annual Grammy Awards. Pic: AP
Image:
Osbourne with his wife Sharon during the 46th Annual Grammy Awards. Pic: AP

Sir Elton John described Osbourne as his “dear friend” and a “huge trailblazer” who “secured his place in the pantheon of rock gods”.

“He was also one of the funniest people I’ve ever met,” the singer wrote on Instagram.

Ronnie Wood, of The Rolling Stones, wrote: “I am so very sad to hear of the death of Ozzy Osbourne. What a lovely goodbye concert he had at Back To The Beginning in Birmingham.”

Born John Michael Osbourne on 3 December 1948 in Aston, Birmingham, he became known as the godfather of heavy metal.

The self-styled Prince of Darkness pioneered the music genre with Black Sabbath before going on to have huge success in his own right.

He was famous for hits including Iron Man, Paranoid, War Pigs, Crazy Train and Changes, both with the band and as a solo star.

Legendary American heavy metal band Metallica shared an image of them with Osbourne from 1986 along with an emoji of a broken heart.

Posting on Instagram, Sir Rod Stewart said: “Sleep well, my friend. I’ll see you up there – later rather than sooner.”

Queen guitarist Sir Brian May said he was “grateful I was able to have a few quiet words” with Osbourne after his farewell show at Villa Park three weeks ago.

He said the world will miss the singer’s “unique presence and fearless talent”.

Foo Fighters said in a social media post: “Rock and Roll would not be as loud or as fun” without Osbourne, while Led Zeppelin front man Robert Plant wrote he had “truly changed the planet of rock”.

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