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ECB President Christine Lagarde: The ECB is studying defensive measures against Myhtos-driven attacks.The chart shows that at 22:00 Beijing time on May 8th, there will be large foreign exchange option orders for Euro, Swiss Franc, British Pound, Japanese Yen, etc., expiring, including 7 large orders with strike prices exceeding 1 billion. Please manage your risks.Market news: Korean Air will extend the suspension of flights to Dubai until August 2.On May 8th, 17 national industry associations and chambers of commerce, including the China Federation of Logistics and Purchasing, the China General Chamber of Commerce, the China National Textile and Apparel Council, the China National Light Industry Council, and the China Federation of Internet Societies, jointly released the "Domestic Trade Transaction Guidelines (Trial)" in Beijing under the guidance of the Ministry of Commerce and other relevant departments. This guideline provides clear, explicit, and operable behavioral norms for enterprises engaged in domestic trade, including wholesale, retail, logistics, and accommodation and catering, contributing to the construction of a unified national market. According to reports, the "Domestic Trade Transaction Guidelines (Trial)" focuses on the entire domestic trade process, clarifying and stipulating regulations for each stage, including contract signing, goods delivery and acceptance, payment terms, dispute resolution, and standardized business practices.The German DAX index fell by 1.00% on the day.

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.