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Market news: German automotive parts manufacturer Continental is close to finalizing an agreement to sell its industrial technology business unit, ContiTech.July 3rd - According to the website of the China Maritime Safety Administration, the Huangshi Maritime Safety Administration issued a navigation warning that from 10:00 to 14:00 on July 8th, a unit of the Chinese Peoples Liberation Army will conduct military activities in the waters near the Huanggang Railway-Highway Bridge on the lower reaches of the Yangtze River. During the military activities, the Huangshi Maritime Safety Administration will implement temporary traffic control in the nearby waters.Chief Vice President of VTB Bank: VTB Bank plans to increase reserves in the second half of the year.On July 3, Xinhengtai issued an announcement stating that a fire occurred at approximately 8:10 AM on July 3, 2026, in Plant No. 1 of its factory area in the Xinfeng Town Industrial Park, Nanhu District, Jiaxing City, Zhejiang Province. Following the incident, the company immediately activated its emergency response plan, established an on-site emergency leadership team, and cooperated with relevant government departments to carry out emergency response and on-site rescue work. With the joint efforts of local fire, emergency, and environmental protection departments, the fire was brought under control and extinguished. No casualties were reported, and the incident did not cause any significant impact on the surrounding environment. The specific cause of the accident is currently under investigation and verification.On July 3, King Frederick X of Denmark met with Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, at Amalienborg Palace. Wang Yi stated that the Communist Party of China is leading the Chinese people in making great strides towards Chinese-style modernization, creating a new form of human civilization and propelling human development into a new stage. The greatest changes in the 21st century will continue to occur in China. Chinas development and revitalization represent a growth force for world peace and stability and will also bring new opportunities to all countries, including Denmark. Denmark has unique advantages in green and innovative development, and the China-Denmark Green Joint Working Plan has become a highlight of bilateral cooperation and set a benchmark for international cooperation. China is willing to further strengthen cooperation with Denmark in emerging fields such as the green economy, innovative development, and artificial intelligence, enhance people-to-people exchanges, and strengthen the friendship between the two peoples. He hoped that the Danish Royal Family would continue to play a leading role in China-Denmark friendship.

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.