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According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending August 4, speculators reduced their net short positions in Chicago Board of Trade (CBOT) U.S. Treasury futures by 41,225 contracts to 176,272 contracts. They reduced their net short positions in CBOT 2-year U.S. Treasury futures by 120,346 contracts to 1,004,228 contracts. They increased their net short positions in CBOT 5-year U.S. Treasury futures by 179,319 contracts to 1,325,719 contracts. They reduced their net short positions in CBOT 2-year U.S. Treasury futures by 120,346 contracts to 1,004,228 contracts. They reduced their net short positions in CBOT ultra-long-term U.S. Treasury futures by 5,723 contracts to 314,985 contracts.The Spanish government announced that passport and nationality checks for Italian passengers will begin at midnight on Saturday and continue until September 7.According to the Wall Street Journal, U.S. intelligence agencies have linked the drone explosion at a German airport to Russia.On August 8th, local time, US officials stated on August 7th that Oman and Iran had made progress on the Strait of Hormuz issue and were expected to reach an agreement soon. Once an agreement to resume unimpeded commercial shipping is announced, the US will lift its blockade of Iranian ports. US actions will continue to be dependent on actual performance and linked to Irans fulfillment of its commitments. Neither Iran nor Oman has yet responded to these statements.Both WTI and Brent crude oil prices fell in the short term after US officials said that negotiations between Oman and Iran in the Strait of Hormuz had made progress and an agreement was expected to be reached soon.

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.