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According to Axios, US President Trump met with Vance, Witkov, and Rubio on Saturday to discuss the Iran issue.On May 18, Al Jazeera reported that the Saudi Ministry of Foreign Affairs issued a statement condemning the latest drone attack in the UAE earlier today, which caused a fire at the Barakah nuclear power plant. The statement read, "The Saudi Ministry of Foreign Affairs issues its strongest condemnation of the use of drones to attack the UAE."On May 18, local time, the Lebanese Ministry of Health issued a statement saying that since March 2, Israeli attacks on Lebanon have resulted in 2,988 deaths and 9,210 injuries.On May 18th, according to Al Jazeera, Iran stated that Trumps threatening rhetoric and pressure tactics are unacceptable and insisted that the United States should engage with Iran on the basis of mutual respect. Tehran responded to Washingtons escalating rhetoric with the same determination, demonstrating the same level of readiness and military preparedness on both sides. Iran stated that it is prepared for any form of escalation, whether the situation is in the Strait of Hormuz or on its territory. Iranian Foreign Minister Araqchi stated that Irans preparations are "currently" over 100%.According to Axios, US President Trump stated that he still believes Iran wants a deal and that he is awaiting an updated proposal from Iran, hoping it will be better than the one presented a few days ago. He declined to give a specific timeframe for negotiations with Iran.

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.


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