EUR/USD 1.15811
-0.096%
Gold 4299.22
-0.668%
Oil 89.258
-0.128%
USD/JPY 160.233
0.037%
GBP/USD 1.35067
-0.062%
GBP/JPY 216.427
-0.020%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Li Auto (02015.HK) shares fell more than 5% in Hong Kong, hitting a new low since its listing; the company delivered 37,679 new cars in August.On September 2nd, it was reported that EU High Representative for Foreign Affairs and Security Policy Kaya Kalas stated on September 1st that the EU will increase its support for Ukraine while also increasing its own defense capabilities. At a press conference following an informal meeting of EU defense ministers, Kalas said the EU will continue to provide support to Ukraine through the "Ukraine Support Loan." She stated that the EU has already provided Ukraine with €8.37 billion (approximately US$9.7 billion) in defense support and will continue to provide assistance in the future.On September 2nd, Alibaba updated its flagship model, Qwen 3.8-Max, with a significant performance improvement over the previous version. Following specialized post-training for coding and cowork tasks, the new Qwen 3.8-Max boasts enhanced overall performance. Currently, the new Qwen 3.8-Max model is available as an API on the Qianwen AI platform, and Qianwen Office, Qoder, and the Qianwen App have all integrated it immediately.U.S. Energy Secretary Wright: I have arrived in Venezuela. President Trumps energy diplomacy is bearing fruit—pushing for new energy agreements, opening doors for American businesses, and strengthening energy security across our entire hemisphere. Thanks to President Trump, Americas leadership in the energy sector has been restored.On September 2nd, the State Administration for Market Regulation approved and released the mandatory national standard "Safety Technical Regulations for Large-Scale Fireworks Displays," which will come into effect on September 1, 2027. Revised by the Ministry of Public Security, this standard will establish unified safety technical specifications for the design, operation, and management of large-scale fireworks displays nationwide, significantly improving the inherent safety level of such displays and helping to protect the lives and property of the people and public safety.

BTC Fear & Greed Index Falls to 31 as Investor Focus Shifts to the Fed

Skylar Shaw

Oct 31, 2022 15:42

微信截图_20221031104844.png


Bitcoin (BTC) decreased by 0.89% on Sunday. BTC concluded the week up 5.42% to $20,647, partially undoing a Saturday gain of 1.08%. Notably, BTC avoided trading below $20,000 for the fifth day in a row and ended the day above $20,000 for the sixth straight session.


After a choppy morning, BTC increased to a high of $20,950 in the middle of the trading day. A late low of $20,532 was reached by BTC as it failed to reach the First Major Resistance Level (R1) at $21,091. Before partially regaining its footing to reach $20,647, BTC momentarily breached the First Major Support Level (S1) at $20,576.


In anticipation of a busy week for the global financial markets, investors had a calm day to lock in gains. The Fed announces its decision on interest rates this coming Wednesday. The Fed's intentions for December remain unclear, despite the markets' bets for a 75-basis point rate increase.


The bullish week was fueled by anticipation of a Fed turnaround in December. The markets, however, could see investor concern prior to the Wednesday decision. The sensitivity of the cryptocurrency market to US economic data and the Fed maintains the BTC link with the NASDAQ 100.


The NASDAQ 100 Mini was down 56.75 points this morning, pushing BTC into negative territory.

Investor caution increases ahead of the Fed, causing the Fear & Greed Index to decline.


The Fear & Greed Index dropped from 34/100 to 31/100 this morning. Investor apprehension ahead of the FOMC interest rate decision and press conference on Wednesday is reflected in the decline. A return of the Index to the Neutral area would be supported by confirmation of the Fed's shift in December.


As investors wait for the Fed to announce its policy, US economic statistics will continue to be the major focus in the near term. Prior to Wednesday's decision, important statistics include JOLTs job postings, ADP nonfarm employment, and ISM Manufacturing PMI data.


To support a reversal of the negative trend in BTC, the Index will need to hit 40/100 and the neutral zone. A decline to below 20/100 would indicate a BTC decline to below $18,000.

Suggestion