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March 5 – As Iran slows its ballistic missile launches against Israel, the Israel Defense Forces (IDF) Civil Defense Command announced it will ease restrictions imposed on the public at the start of any potential conflict. The Command stated that, following a new assessment, starting at noon local time on March 5, the scale of activities in the country will be adjusted from "essential activities" to "limited activities," with educational activities still prohibited; some businesses will be allowed to resume operations from Thursday. These guidelines will remain in effect until Saturday evening, at which time the Civil Defense Command will conduct another assessment.March 5 - Three months after the Trump administration took control of Venezuelan oil sales, crude oil exports from Venezuelas main export hub surged to their highest level in years in March. A preliminary loading schedule indicates that shipments from the port of Chose, the countrys main oil export port, are expected to soar to 848,000 barrels per day in March. If this figure materializes, it would be the highest shipment volume from Chose since 2019. Exports are being boosted by continued naphtha imports, which are used to dilute Venezuelas extra-heavy crude oil for pipeline transport, enabling exports. Similar to February, at least five shipments of this base oil product are scheduled to unload in Venezuela this month.According to the Wall Street Journal: The United States met with insurance brokers to discuss lifting the blockade of oil tankers.Meta Platforms (META.O) plans to develop silicon chips to train artificial intelligence models, aiming to enhance AI capabilities.US President Trump: Iran’s missiles and launchers are being destroyed.

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.