• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Traders believe there is a 25% chance that the European Central Bank will raise interest rates by 25 basis points this year.French Finance Minister: Frances natural gas and fuel reserves are not at risk.European Central Bank Chief Economist Lane: European companies can play a significant role in developing industry-specific AI applications, enabling medium-sized enterprises to benefit from artificial intelligence.March 3 - On March 3, Ma Jiantang, a member of the Standing Committee of the 14th National Committee of the Chinese Peoples Political Consultative Conference (CPPCC) and vice chairman of the Economic Committee, stated at the CPPCCs economic sector residence that this years focus will be on three issues: first, how to optimize income distribution through redistribution; second, how to increase employment and income for people with disabilities; and third, how to further accelerate the high-quality development of old revolutionary base areas.March 3 – Foreign Ministry Spokesperson Mao Ning held a regular press conference on March 3. Mao Ning stated that Foreign Minister Wang Yi recently spoke with the foreign ministers of Russia, Iran, France, and Oman, clarifying Chinas position and actively advocating for peace and preventing conflict. Foreign Minister Wang Yi emphasized that China supports Iran in safeguarding its sovereignty, security, territorial integrity, and national dignity, and in protecting its legitimate rights and interests. China attaches importance to the legitimate demands of the Gulf states and supports them in maintaining their sovereignty and national security. Major powers cannot arbitrarily attack other countries based on military superiority; the world cannot revert to the law of the jungle; the international community should resist any behavior that violates international law and jointly defend the basic norms of international relations. China will continue to play a constructive role, including upholding justice on the UN Security Council platform, striving for peace, and preventing war.

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

Jimmy Khan

Nov 24, 2022 15:40

微信截图_20221124094121.png


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.