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On May 24th, a White House official in charge of the 2026 FIFA World Cup said on the 22nd that, due to the Ebola outbreak, the Democratic Republic of Congo (DRC) national team must undergo a 21-day quarantine outside the United States before entering the country to participate in the tournament. The DRC team responded that day, stating that they would not change their existing World Cup warm-up match plans.The European-Mediterranean Seismological Centre reports a 5.2-magnitude earthquake in central Türkiye.Polish military: Polish military aviation is conducting operations in its own airspace in response to Russian long-range aviation strikes against Ukraine.According to Irans Fars News Agency: Despite US President Trumps claim that the Strait of Hormuz will be restored to its original state, the strait will remain under Iranian control.On May 24th, Al Jazeera, citing sources, reported that the draft agreement to be finalized includes the following: ending the war on all fronts, including Lebanon; unfreezing billions of dollars of frozen Iranian funds; lifting the US naval blockade and opening the Strait of Hormuz; and the withdrawal of US troops from areas near Iran. Following this, the two sides will have 30 days to reach an agreement on the nuclear issue, a period that can be extended by mutual agreement. During these 30 days, passage through the strait will be facilitated. Iran stated that the management of the Strait of Hormuz is a matter between Iran and Oman, and that it is currently consulting with Oman.

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.