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On May 26th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.2740%, and the lowest was 0.8100%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0360%, and the lowest was 0.0030%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0410%, and the lowest was 1.0000%.Lenovo Group (00992.HK) rose over 9%, currently trading at HK$17.19 per share. In related news, investment banks such as Goldman Sachs raised their target price for Lenovo Group, to as high as HK$27.On May 26th, according to statistics from the China Index Academy, the secondary housing market in key cities remained highly active in May. From May 1st to 24th, 107,000 secondary residential units were sold in 20 cities, a year-on-year increase of 19.5%, with the growth rate continuing to expand compared to April. Regarding prices, core cities experienced an accelerated decline in the fourth quarter of last year, while Shanghai saw consecutive month-on-month increases in March and April this year, and the declines in cities such as Beijing and Shenzhen have also narrowed significantly compared to the fourth quarter of last year. The simultaneous occurrence of increased transaction volume, stable listings, and stabilizing prices is a key difference between this round of recovery and last years "price-for-volume" model.Bank of Japan Deputy Governor Ryozo Himino: We will closely monitor the impact of the situation in the Middle East on the Japanese economy and prices, while assessing the likelihood of the baseline scenario being realized, and considering the timing and pace of policy adjustments accordingly.Bank of Japan Deputy Governor Ryozo Himino: The Bank of Japan will continue to raise policy interest rates and adjust the degree of monetary easing according to economic activity, prices and financial conditions.

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.