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On May 20th, the National Bureau of Statistics released unemployment data by age group for April 2026. In April, the national urban surveyed unemployment rate was 5.2%, the unemployment rate for the urban labor force aged 16-24 was 16.3%, the unemployment rate for the urban labor force aged 25-29 was 7.4%, and the unemployment rate for the urban labor force aged 30-59 was 4.2%.Hungarian Prime Minister Majol: For a strong Europe, we need a strong Central European competitiveness.On May 20th, the General Office of the Guangdong Provincial Peoples Government issued a notice regarding the "Three-Year Action Plan for High-Quality Development of Service Trade in Guangdong Province (2026-2028)." The plan aims to actively develop digital industries such as next-generation electronic information, network and communication, semiconductors and integrated circuits, and ultra-high-definition video; strengthen support for digital technology R&D; cultivate and recognize a number of technologically advanced service enterprises; and support mature industrial technologies to drive standards and product exports, thereby enhancing international competitiveness. It also aims to build a comprehensive open-source community for artificial intelligence and accelerate the construction of industrial innovation platforms such as the Embodied Intelligence Training Ground, the Ascend Ecosystem Adaptation Center, and the Open Source HarmonyOS Adaptation Center. Furthermore, it promotes the construction of cooperation platforms such as the Sino-Singapore International Joint Research Institute and the Guangzhou Innovation Research Institute of the National University of Singapore, accelerating technology R&D and the industrialization of research results. Finally, it promotes the construction of high-tech ecological industrial parks such as the Shenzhen-Malaysia high-tech industrial park and supports the development of the entire industrial chain in Qianhai, including software development and robotics.According to Saudi media Alhadath, the bill to dissolve the Israeli parliament has passed its initial review and was passed unanimously with 110 votes.European Commission official: The Commission believes that EU countries can reduce their natural gas consumption by 15 billion cubic meters this year.

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.