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June 5th - The railway passenger transport period for the 2026 Dragon Boat Festival holiday will be from June 18th to 22nd, a total of 5 days. Shenzhen Railway Department expects an average of 345,900 passengers per day during the period, with the peak passenger flow occurring on the Dragon Boat Festival itself.Spains Strategic Petroleum Reserves (SPR) reported that Spains crude oil imports in April increased by 15.8% year-on-year, reaching 5.6 million tons.June 5th - According to data compiled by the China Association of Automobile Manufacturers from the General Administration of Customs, in April 2026, the import value of auto parts reached US$1.67 billion, a month-on-month increase of 10.0% and a year-on-year decrease of 2.1%. From January to April 2026, the import value of auto parts reached US$6.5 billion, a year-on-year increase of 2.7%.June 5 – The Hong Kong Monetary Authority (HKMA) announced today the establishment of an expert panel on tokenized bonds. This panel brings together industry representatives with relevant experience and a focus on the development of Hong Kongs tokenized bond market to further promote the application and expansion potential of tokenized bonds in Hong Kong. Panel members include representatives from industry associations, financial institutions, legal advisory firms, and financial infrastructure and technology providers. Building on the progress made by the HKMA in its various tokenized bond-related work to date, the panel will jointly explore policy measures, market practices, and innovative solutions.The head of Sberbank, Russia, said that under the current circumstances, Russias continued growth "is already a miracle."

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.