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On March 7, Sha Yan, a deputy to the National Peoples Congress and chairman of the Shenzhen Stock Exchange (SZSE), stated at a group deliberation meeting of the Guangdong delegation that the China Securities Regulatory Commission (CSRC) regards the reform of the ChiNext board as an important measure to promote capital market reform this year. The SZSE is making intensive preparations in accordance with the unified deployment of the CSRC. In the next step, the SZSE will implement the requirements of prioritizing quality and proceeding in an orderly manner, so as to better play its role in serving the high-quality development of the real economy.On March 7th, at a press conference focusing on peoples livelihood, Minister of Human Resources and Social Security Wang Xiaoping stated that the Ministry will continuously improve the salary and social security system, deepen and expand the "one-stop service" for employee recruitment, entrepreneurship, and retirement, vigorously promote the "one-card-for-all" social security card service for residents, and rationally plan the "15-minute" employment and training service circles. Through these concrete measures, the Ministry will strive to provide tangible and accessible services to the people.On March 7th, Meituan announced the launch of OpenClaw remote deployment service in partnership with Lenovos IT service brand, Lenovo Baiying, offering a one-stop remote deployment solution to users nationwide. According to Meituan data, searches related to "OpenClaw" have increased more than threefold month-over-month.U.S. Geological Survey: A 4.1-magnitude earthquake struck west of Bandar Abbas, Iran.On March 7, Sun Yeli, Minister of Culture and Tourism, introduced that my country is vigorously promoting the facilitation of inbound payments. By 2025, inbound tourists will spend approximately 80 billion yuan using mobile payments.

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.