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Reserve Bank of Australia Governor Bullock will appear at a hearing in ten minutes; Japans August core CPI annual rate will be released in ten minutes.September 18th - According to officials from both the Yemeni government forces and the Houthi rebels on the 17th, fierce fighting broke out between the two sides near the Bab el-Mandeb Strait in the past 24 hours, vying for high ground overlooking this important Middle Eastern shipping lane. An anonymous Yemeni government official stated that since the 16th, intense fighting has continued in the Kahbub mountains and surrounding high ground in Lahj province, southern Yemen, with the Houthis launching a new offensive against government defensive positions. The official said, "The fighting has continued since last night. The Houthis are trying to seize the high ground, while government forces are holding their positions." At least 19 government soldiers have been killed and 15 wounded; the wounded have been taken to a military hospital in the southern Yemeni port city of Aden. A Houthi official, also requesting anonymity, confirmed that the fighting between the Houthis and government forces near the Bab el-Mandeb Strait remains deadlocked, with several high points changing hands repeatedly, and neither side achieving a decisive breakthrough. At least 25 Houthi fighters have been killed, and several others have been wounded.On September 18, the UN General Assembly adopted a resolution on arrangements for the participation of the State of Palestine in the 81st session of the General Assembly. Against the backdrop of the United States refusing to issue visas to Palestinian President Mahmoud Abbas and some Palestinian officials, the General Assembly decided to allow the Palestinian side to participate in relevant UN meetings via video conference or pre-recorded speeches. The draft resolution received 152 votes in favor, 3 against, and 4 abstentions; China voted in favor. According to the resolution, the General Assembly regretted the United States refusal to issue or revoke visas to representatives of the State of Palestine before the 81st session of the General Assembly and urged the immediate reversal of such decisions. The resolution stated that representatives of the State of Palestine should be able to participate in relevant meetings held in person at the UN headquarters in New York.September 18 - The State Council Information Office will hold a press conference on the theme of "Starting the 15th Five-Year Plan" at 10:00 a.m. on Friday, September 18. Chen Shaowang, spokesperson and vice minister of the Ministry of Housing and Urban-Rural Development, will introduce the relevant situation of promoting high-quality development of housing and urban-rural construction during the 15th Five-Year Plan period and answer questions from reporters.September 18th - According to Axios, US President Donald Trump is planning his first meeting with Venezuelan interim president Delcy Rodriguez as early as next week. Sources say the talks may take place during the UN General Assembly in New York. Trump plans to discuss the situation in Iran with Gulf leaders concurrently and hopes to arrange a meeting with Rodriguez. A Trump advisor stated that Venezuela is one of the Trump administrations key achievements, and Rodriguez is a key figure in promoting US-Venezuela relations. A senior US government official said the meeting is not yet finalized and the final arrangements depend on Trump himself. Trump previously responded "maybe" when asked if he would meet with Rodriguez. Rodriguez assumed power after the capture of former leader Nicolás al-Nimadro in a US military operation and has worked with the Trump administration and Secretary of State Marco Rubio to normalize US-Venezuela relations, including a previously reported major Venezuelan oil deal. The report points out that Trumps side is more focused on domestic political issues such as energy prices and immigration policy than on promoting democratic elections in Venezuela.

BTC Fear & Greed Index Falls Despite BTC Avoiding Sub-$16,000

Jimmy Khan

Nov 24, 2022 15:40

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Bitcoin (BTC) increased by 2.44% on Wednesday. BTC finished the day at $16,613 after rising by 2.87% on Tuesday. For the first time in three sessions, BTC avoided trading below $16,000.


BTC dropped to a low of $16,168 early in the morning following a mixed day's start. BTC surged to a late high of $16,682, avoiding the First Major Support Level (S1) at $15,791. At $16,469, the First Major Resistance Level (R1) was breached by BTC, which ultimately closed the day at $16,613.


On Wednesday, FTX contagion risk decreased even further, supporting the cryptocurrency market desperately needed. Former FTX CEO Sam Bankman-Fried boosted investor hopes after learning that the company had cash reserves of $1.24 billion.


Bankman-Fried wrote in a letter to the staff, "Perhaps there still remains a chance to preserve the company. I think there are many billions of dollars in sincere interest from new investors that could be used to compensate customers. But since I have no control over it, I can't guarantee you anything.


The letter came after news that Justin Sun of Tron and Brad Garlinghouse of Ripple were interested in buying FTX assets. Investors are hopeful that the collapse of FTX will have a minimal effect on creditors given the stated cash holding of $1.24 billion.


The FOMC meeting minutes provided more assistance for the cryptocurrency market overnight. Before the holidays, talk of letting up on the gas helped riskier assets, with the NASDAQ Composite Index increasing by 0.99%. The US economic data underwhelmed, though, restricting the NASDAQ's potential growth.


Since the US markets are closed for Thanksgiving, there are no US statistics to take into account today.