EUR/USD 1.17939
0.300%
Gold 4844.18
2.192%
Oil 89.085
-3.899%
USD/JPY 158.843
-0.378%
GBP/USD 1.35659
0.441%
GBP/JPY 215.491
0.069%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Fox News: The White House will hold a tax day press conference on Wednesday, local time, which will be attended by Treasury Secretary Bessant and Small Business Administration Administrator Loeffler.Commerzbank CEO: Germanys economic outlook has weakened.According to the Wall Street Journal, European countries are drafting a plan to form a broad, multinational alliance to help clear shipping lanes in the Strait of Hormuz. However, the plan would only be implemented after the war and might exclude the United States.According to Fox News: U.S. Representative Eric Swalwell (Democrat from California) and Representative Tony Gonzalez (Republican from Texas) have officially resigned from their seats in Congress. The House Clerk read their resignation letters.On April 15th, according to AXIOS, the Trump administration eased sanctions on Venezuelas state-owned financial system on Tuesday. Venezuelan state-owned banks and other large financial institutions can now legally use US dollars, directly receive billions of dollars in oil sales revenue, and re-enter the global financial system to support their damaged economy. This move by the US Treasury Department also aims to boost Venezuelas oil industry and stabilize the new government led by acting president Rodriguez. Following the US takeover and detention of former President Maduro on January 3rd, the US seized control of Venezuelas state-owned oil company, PDVSAs, oil revenues. However, subsequent administrative obstacles imposed by US financial sanctions delayed the transfer of billions of dollars to the Venezuelan central bank and slowed the countrys energy development projects. This is not a complete lifting of sanctions, but rather the issuance of licenses through the Treasury Departments Office of Foreign Assets Control (OFAC) to specific financial institutions, enabling them to participate in the US financial system.

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.


Suggestion