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French President Macron: I just spoke with the Iranian president.On April 11, local time, Kursk Oblast Governor Khinstein stated that a Ukrainian drone attacked a gas station in Ligov, a city in the oblast, during the Orthodox Easter ceasefire, injuring three people, including a one-year-old infant. There has been no response from the Ukrainian side.The White House: The U.S. Vice President and other officials met face-to-face with the Iranian delegation in Islamabad.Officials in Russias Kursk region say a Ukrainian drone attack on a gas station in the region has injured three people.Domestic News: 1. The Inner Mongolia Free Trade Zone was officially launched today. 2. Guangzhou issued ten measures to support consumption through financial means. 3. The National Center for Disease Control and Prevention issued a notice to promote the prevention and control of key vector-borne infectious diseases. 4. Nearly 20,000 second-hand homes were sold in Beijing in March, a new high in nearly 15 months. 5. JD.com denied entering the ride-hailing market: it is testing a new project, which will be launched on April 13. 6. Su Bo, former vice minister of the Ministry of Industry and Information Technology: the market penetration rate of new energy vehicles is expected to exceed 70% by 2030. International News: 1. Amidi was elected as the new president of Iraq. 2. Trump: The United States will never accept price gouging in the fertilizer industry. 3. Russia claims that Ukraine violated the Easter ceasefire agreement by attacking the Kherson region. 4. The Bank of England plans to discuss the Mythos model of Anthropic with major banks. 5. India raised export tariffs on diesel and aviation fuel, while maintaining the gasoline export tariff at zero. 6. The Orthodox Easter ceasefire between Russia and Ukraine officially took effect and will last until 5:00 AM Beijing time on the 13th. 7. Strait of Hormuz—① Trump: The Strait of Hormuz is being "cleaned up," and all Iranian minelayers have sunk. ② A US destroyer turned back from the Strait of Hormuz after Iranian warnings; senior US officials said they received no threats. ③ US media reported that several US warships passed through the Strait of Hormuz, which Iran denied. 8. US-Iran Talks—① Iran, the US, and Pakistan held face-to-face talks in Islamabad. ② Iranian media reported that the Islamabad talks might be extended by one day. ③ Iran claimed that the US agreed to a ceasefire in Lebanon and to unfreeze Iranian assets. The White House denied agreeing to unfreeze Iranian assets. ④ Trump: If negotiations do not progress smoothly, the US is ready to "restart." ⑤ The US-Iran talks in Islamabad entered the expert consultation phase.

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.