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Hungarian Prime Minister Majol: Hungary is considering several options for introducing a wealth tax.On June 11th, MHA economic advisor Joe Nellis stated that despite widespread concerns about sluggish economic growth, policymakers are making a wise decision to act decisively to curb inflation, given the European Central Banks (ECB) expected interest rate hike on Thursday. He pointed out that the ECB has faced criticism for its slow response in 2022-2023, leading to inflation exceeding 10%. "Although economic growth in the region remains weak, the ECB is demonstrating its readiness to act," Nellis noted. On the positive side, higher interest rates could attract foreign investment, strengthening the euro and putting downward pressure on prices, although this cannot fully offset the costs to economic growth.Tencent Holdings (00700.HK): On June 11, it spent approximately HK$500 million to repurchase shares on the Hong Kong Stock Exchange.On June 11th, JD.com officially released its Agent Autonomous Payment Protocol (A2P2). This is the first protocol in China specifically designed for agent autonomous payments, aiming to allow users to spend money with AI with ease and confidence, while ensuring that every transaction is traceable and auditable. This means that your agent will no longer simply add items to your shopping cart and wait for you to pay, but will truly possess the ability to autonomously complete payments within the constraints of established rules. In the future, agent autonomous payments will play an increasingly important role in supply chain flows and daily consumption scenarios. JD.coms A2P2 protocol fills the most critical trust gap in the payment field of the intelligent economy era, providing a secure, compliant, and regulatory payment infrastructure for hundreds of millions of agent applications in the future.The Indian government reported that fuel sales in May fell 6.5% year-on-year to 19.93 million metric tons. Diesel sales rose 1.6% year-on-year, while gasoline sales increased 3.4% year-on-year.

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.