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On February 20th, Tesla (TSLA.O) launched a more affordable Cybertruck model in the US, priced at $59,990. This model features a dual-motor all-wheel-drive system and is the companys most affordable Cybertruck to date. According to pricing information on the electric vehicle manufacturers website, the company also lowered the price of its most expensive Cybertruck model, the "Cyberbeast," from $114,990 to $99,990. With the price reduction, Tesla appears to be discontinuing the luxury package that includes "Supervised Full Self-Driving" and free access to the Supercharger network for this model.The yield on Japans 40-year government bonds fell 3.5 basis points to 3.540%.The yield on Japans 30-year government bonds fell 3.0 basis points to 3.300%.February 20th, Futures News: Economies.com analysts latest view: WTI crude oil futures prices have slightly declined, a natural profit-taking move after the previous rally. Prices appear to be regrouping and rebuilding bullish momentum that could support the uptrend. This limited decline represents a healthy correction rather than structural weakness, but rather a temporary cooling of momentum. Meanwhile, prices are attempting to sell some overbought conditions via the Relative Strength Index (RSI), especially in the presence of negative signals, but trading above the EMA50 continues to provide key dynamic support for the main bullish trend in the short term.February 20th - According to the Wall Street Journal, European Central Bank President Christine Lagarde stated that she expects her term as ECB president to continue until the end. This comes amid speculation that she might resign early to allow the French government to assist in selecting a successor before next years general election. In an interview, she said, "Looking back over the years, I think weve accomplished a lot, and Ive accomplished a lot. We need to consolidate those achievements and ensure that everything is truly solid and reliable. Therefore, my basic expectation is that this will continue until the end of my term." Lagarde stated that she believes her responsibility lies in maintaining price and financial stability, while also "protecting the euro and ensuring it is solid, strong, and adaptable to Europes future." Furthermore, Lagarde indicated that the World Economic Forum would be one of "many options" she is considering once she leaves the central bank.

The Bogged-down Crypto Market

Cory Russell

Oct 08, 2022 14:09

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The market remained inside the range that has been in place since the second half of September once again as a result of the 50-day moving average in BTCUSD acting as local resistance.


At the time of writing, Bitcoin was trading slightly under $20K, down 1.9% over the previous day.


Investors in the cryptocurrency market have been deterred from purchasing as a result of a rapid rise in stock markets that has slowed down in recent days due to uncertainty. The market's capitalization dropped 1.6% over night to $956.

News context

We've lately seen some stability in the bitcoin market, according to Sam Bankman-Fried, CEO of the cryptocurrency exchange FTX. But when the Fed's monetary policy becomes more restrictive, it has an impact on all assets, leading cryptocurrencies as well as fiat money and stock indices to change.


Hoarders have amassed a record 13.7 million coins, or 71.5% of the whole BTC supply, according to Ark Invest, purchasing the cryptocurrency that has been falling since the spring. Additionally, vendors have almost reached the limits of their ability to sell.


Due to a higher dollar last week, the connection between bitcoin and gold hit its highest point in more than a year, according to Kaiko. Despite a Fed rate rise, gold and bitcoin failed to exert their role as haven assets.


The huge centralized and regulated Binance and Coinbase will be the main targets of the EU's ban on Russian cryptocurrency wallets, which may increase demand in smaller exchanges with laxer KYC but generally increase the danger of more active cryptocurrency sales.