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German Finance Minister Klinger: I will continue to push for an unexpected energy tax, despite the lack of majority support in the EU at present.On May 4th, the Housing and Urban-Rural Development Bureau of Zhongshan City, Guangdong Province, released "Several Measures for Continuously Promoting the Stable and Healthy Development of the Real Estate Market in Zhongshan City," aiming to further reduce existing housing stock and optimize new housing supply to better meet residents rigid and improved housing needs. The "Several Measures" consist of seven articles, including continuing to support residents "trade-in" programs; encouraging the market-oriented operation of "trade-in" programs for commercial housing; increasing support for home purchases using housing provident funds; optimizing the criteria for determining the number of housing units eligible for housing provident fund loans; accelerating the reduction of commercial property inventory and encouraging the revitalization of existing resources through multiple channels; increasing financial support and reducing the down payment ratio for commercial property purchase loans; and piloting the implementation of housing voucher resettlement compensation. Among these measures, it is stipulated that acquired old houses can be resold, renovated, or used for market-oriented rental housing, talent apartments, and affordable rental housing. The minimum down payment ratio for commercial property purchase loans has been adjusted to no less than 30%.U.S. Treasury Secretary Bessenter: The United States is opening the Strait of Hormuz.Apple (AAPL.O) has launched new sport bands and watch faces, which are now available for pre-order at a price of $49.May 4th - According to the Traffic Management Bureau of the Ministry of Public Security, on the fourth day of the May Day holiday, various regions have entered the peak return travel period, with traffic flow on major highways and national and provincial trunk roads across the country generally operating at high levels. Local public security traffic management departments have strengthened order control, strictly investigated serious violations, enhanced emergency response, and widely publicized information to ensure road traffic safety and smooth flow. As of 6 PM, except for a few sections experiencing congestion due to excessive traffic volume and minor accidents, traffic on major highways nationwide was generally stable and orderly, with no prolonged or widespread traffic jams. May 5th is the last day of the May Day holiday, and various regions will see the peak return travel period, with traffic flow on highways and national and provincial trunk roads expected to remain high.

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.