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On August 19, Houthi military spokesman Sari stated that the group has adopted three "strategies": responding to a blockade with a blockade, striking Saudi military strongholds (regardless of their location), and defending Yemeni sovereignty. Since announcing a ban on Saudi maritime navigation on July 20, the Houthis have attacked eight Saudi oil tankers—five in the Red Sea and three in the Gulf of Aden and the Arabian Sea. He claimed the group has also blocked the passage of 48 Saudi oil tankers and forced them to turn back, including 34 in the Arabian Sea and the Indian Ocean and 14 in the Red Sea. The Houthis have carried out nine military operations targeting Yanbu, Najran, Jizan, Abha, and oil supply facilities in Saudi Arabias Eastern Province, and 14 operations against what they claim are Saudi military strongholds in Ruwek, Abul, Wadiyah, Marib, and Muhah. He warned Saudi Arabia against further escalation, stating, "Any full-scale escalation will lead to a full-scale escalation." Sari stated that Saudi Arabias only option is to lift the blockade, end the aggression, withdraw foreign troops, and return Yemeni resources to the Yemeni people.August 19th - According to the National Meteorological Center, a tropical disturbance in the northern South China Sea developed into a tropical depression on the afternoon of the 19th. Affected by this disturbance and the southwest monsoon, parts of Hainan Island, southern Guangxi, Guangdong, Fujian, Taiwan Island, and Zhejiang will experience heavy rain or torrential rain over the next three days. The National Meteorological Center issued a blue rainstorm warning at 18:00 on August 19th. Following comprehensive assessment and emergency consultation, the China Meteorological Administration activated a Level IV emergency response for major meteorological disasters (rainstorms) at 20:00 on August 19th.According to reports, Iranian Parliament Speaker Qalibaf met with Iraqi Prime Minister Ali Zaidi in Baghdad, Iraq.Bank of America Global Research: Raises target price for Adobe (ADBE.O) from $190 to $220.According to Iranian media Fars News, Iranian Parliament Speaker Qalibaf stated that resistance is the only path to victory, and negotiations will be meaningless if we are not prepared for war.

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.