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On August 19th, Axios, citing an Israeli official, reported that Israel attacked the Abu Zukur airbase in northwestern Syria in an attempt to prevent Turkey from expanding its military facilities in the region. However, a Turkish official interviewed by the media outlet denied the accusation, stating, "Turkish troops are not stationed at that airbase. Israel is fabricating a pretext to bomb its neighbor and destabilize the region." Israels attack on targets in Syria has drawn strong opposition from its North American allies, with the United States expressing "deep concern" over the attack.Market news: Anthropics pre-IPO credit line may exceed its target of $10 billion.On August 19, the UAE Ministry of Defense stated that its air defense systems detected two ballistic missiles heading towards the UAE from the direction of Iran. One missile landed outside of territorial waters, while the other landed within territorial waters. Neither missile caused any casualties or damage. The UAE stated that it remains on high alert and is prepared to respond to any threats, and will take measures to safeguard national sovereignty, security, and stability. The Ministry of Defense also urged the public to obtain information only through official channels and to avoid spreading unverified information.August 19th - The profit margin for refining crude oil into diesel in the United States has surged to over $100 per barrel, hitting a record high amid continued tightening of global fuel production and supply. This closely watched indicator, known as the diesel crack spread, hovered around $100 per barrel on Tuesday, slightly below its previous record high of over $102. The index closed above $100 for the first time on Monday. Prior to this year, this index had never broken through $89 per barrel. The previous record was set in October 2022, when the world faced diesel supply shortages and was about to enter its first winter since the outbreak of the Russia-Ukraine conflict. Now, multiple factors have combined to create a near-perfect storm, pushing up diesel prices again and potentially leading to higher heating costs this winter, while also bringing new inflationary shocks.According to Interfax news agency, Russian Foreign Minister Lavrov stated that Russia has the right to consider the direct involvement of British missile forces in strikes against Russia as participation in a conflict.

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.