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According to the official measurement of the China Earthquake Networks Center, a 3.2-magnitude earthquake occurred in Kuqa City, Aksu Prefecture, Xinjiang (41.18 degrees north latitude, 83.72 degrees east longitude) at 01:12 on August 9, with a focal depth of 16 kilometers.Market news: The commander of U.S. Central Command has arrived in Israel and will hold talks with senior Israeli military officials.On August 9th, U.S. Vice President JD Vance stated in a Fox News interview broadcast on Saturday that "we are in a game" regarding Iran. "We are using all the tools at our disposal—diplomatic, economic, military—to ensure the best possible outcome for the American people," he said. He indicated that some progress had been made in the Iran negotiations over the past few days. The U.S. expects oil and gas exports from the Gulf region to return to pre-conflict levels, "and the Iranians have indicated to us that they intend to do so," he said.Federal Reserve Governor Bowman will participate in a fireside chat in ten minutes.On August 9th, it was reported that the Trump administration is intensifying pressure on Florida oil tycoon and Republican donor Harry Sargent III to divest his assets in Venezuela. According to sources, the U.S. Treasury Department froze assets of Sargents offshore company involved in Venezuelan oil production projects on Friday. Simultaneously, the Treasury Department has issued a license allowing him to liquidate his stake in the company. Sargent served as a key secret communication channel between Washington and Caracas during years of heightened tensions between the U.S. and Venezuela, accumulating significant influence on both sides. He frequently visited Trumps Mar-a-Lago resort and the Venezuelan presidential palace, regularly meeting with former President Maduro and other high-ranking officials detained by the U.S. military. He used this special channel to relay information between the U.S. and Venezuela and helped facilitate the release of detained U.S. citizens in 2025. Simultaneously, he also developed deals in Venezuela, a country most oil companies avoid due to political risks and sanctions.

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.