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On July 10th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.1800%, and the lowest was 0.7080%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0060%, and the lowest was 0.9330%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0190%, and the lowest was 1.0020%.On July 9, Ling Ji, Vice Minister of Commerce and Deputy Representative for International Trade Negotiations, held a video conference with Robert Redonne, Deputy Director-General of the European Commission’s Directorate-General for Trade and Economic Security, to exchange views on China-EU economic and trade relations.July 10th - According to Nikkei, the Japan Aerospace Exploration Agency (JAXA) will launch a reusable rocket prototype on Saturday to reduce launch costs and as a response to SpaceXs related technologies. The test flight of the RV-X rocket will take place at the agencys Noshiro Rocket Test Center in Akita Prefecture. The launch was originally scheduled for March of this year but was postponed due to inclement weather and equipment malfunctions. JAXA has been developing reusable launch vehicle experiments since 2016, and conducted multiple engine combustion tests last year. Its goal is to put a lower-cost, reusable rocket into practical use in the early 2030s, replacing the H3 rocket as JAXAs main launch vehicle.The yield on 20-year Japanese government bonds fell 7 basis points to 3.795%.The Shenzhen Stock Exchange issued an announcement regarding adjustments to the list of securities eligible for the Hong Kong Stock Connect program.

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.