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Huawei Terminal: The Huawei Pura series and all-scenario new product launch event will officially kick off at 14:30 today.According to Iranian media Mizan, Iran today executed two people accused of involvement in an "Israel-linked spy network."On April 20th, Yu Hao, founder of Dreame Technology, revealed that since its establishment in 2017, the company has achieved an average annual revenue growth of 100% for eight consecutive years while maintaining a high profit margin. Its products are sold to over 120 countries and regions worldwide, with a market share ranking number one in more than 30 markets.On April 20th, Hong Kong Trade Development Council (HKTDC) Chairman Frederick Ma stated on the 19th that, facing the ongoing tensions in the Middle East, Hong Kong should "turn crisis into opportunity," viewing the situation as an opportunity to attract global capital and talent to solidify its position as an international financial center. Simultaneously, the HKTDC officially launched the "Global Access" one-stop service, leveraging the resources of its 51 offices worldwide and utilizing Hong Kongs professional services in accounting, taxation, finance, and verification to fully support mainland enterprises in expanding into international markets. Ma pointed out that the national "15th Five-Year Plan" emphasizes innovation and technology, bringing significant opportunities to Hong Kong. He revealed that the HKTDC has already held 16 meetings on the "15th Five-Year Plan" in mainland China, inviting representatives from Hong Kong and mainland enterprises to discuss innovation, technology, and talent development. He reiterated that Hong Kong must effectively utilize and strengthen its role as a "super-connector" and "super-value-added agent" to consolidate its position as an international financial center.A Bank of Japan survey indicates that Japanese households expect the average inflation rate to be 10.3% five years from now, with a median of 5.0%.

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.


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