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February 2nd - Guangzhou Port announced that in January 2026, Guangzhou Port Co., Ltd. expects to handle 2.438 million TEUs of containers, a year-on-year increase of 14.5%; and expects to handle 50.782 million tons of cargo, a year-on-year increase of 12.7%.February 2 – Foreign Ministry Spokesperson Lin Jian held a regular press conference. A Reuters reporter asked, “US President Trump said last Saturday that he welcomes an agreement between China and the US to purchase Venezuelan oil. Is China currently negotiating with the US regarding Venezuelan oil?” “China has noted the relevant reports,” Lin Jian said.February 2 – Foreign Ministry Spokesperson Lin Jian held a regular press conference. A Reuters reporter asked, “It has been reported that a Danish shipping company has announced it will temporarily take over the operation of CK Hutchison’s Panama port. This comes after the Panamanian Supreme Court ruled that the concession of Panama Ports Company (a subsidiary of CK Hutchison) was unconstitutional. What is China’s comment on this?” In response, Lin Jian stated, “We have already clarified China’s position on the port issue in Panama. China will resolutely safeguard the legitimate rights and interests of Chinese enterprises.”South African stocks suffered their biggest drop since March 2020 on February 2nd, plunging alongside a continued decline in precious metal prices. The Johannesburg Stock Exchange All Share Index fell as much as 6.1% on Monday, with the precious metals and mining sub-indices leading the decline. Mining giants such as Sibanye-Stillwater, Gold Fields, and Anglu Aganti Gold all saw declines of at least 17%. South African stocks, which had just ended an 11-month record rally, are now being swallowed up by a wave of precious metal sell-offs. Gold prices, which reached a high of nearly $5,600 in January, plunged as much as 10% on Monday, briefly retreating to around $4,400 per ounce. Following a record 26% drop last Friday, silver prices again plummeted by as much as 16% on Monday.Market news: The Civil Aviation Authority of Singapore, CFM International, and Airbus have signed a memorandum of understanding.

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.