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On May 4th, local time, Ukrainian President Volodymyr Zelenskyy held separate meetings with the Prime Ministers of Norway, Finland, the United Kingdom, and the Czech Republic in Yerevan, the capital of Armenia, on May 3rd. During his meeting with British Prime Minister Keir Starmer, Zelenskyy stated that Ukraine is willing to launch the next round of trilateral negotiations, with achieving a just and dignified peace being its core demand. Zelenskyy and Starmer also discussed support for Ukraines energy sector. Zelenskyy briefed Starmer on the situation on the front lines and the Russian attacks on Ukraine, emphasizing the need for a unified European air defense system.According to Saudi Arabias Haddad TV, citing Pakistani media reports, significant progress has been made in discussions between the United States and Iran.On May 4th, Iranian Foreign Minister Araqchi issued a statement saying that the Spanish and Iranian foreign ministers spoke by phone to discuss developments related to the war and bilateral relations. According to reports, the Iranian foreign minister briefed the Spanish foreign minister on Irans strategic initiatives to end the war through diplomatic efforts and bring lasting security to the region.According to the official measurement of the China Earthquake Networks Center, a 4.8-magnitude earthquake occurred at 02:39 on May 4 in Kuqa City, Aksu Prefecture, Xinjiang (41.34 degrees north latitude, 83.94 degrees east longitude), with a focal depth of 18 kilometers.May 4th - On the evening of May 3rd local time, the Israel Defense Forces remained on high alert due to the possibility of resuming military strikes against Iran. Israeli Prime Minister Netanyahu canceled the scheduled cabinet meeting that evening, instead convening only a small consultation with a limited number of security officials. Furthermore, Netanyahu issued an order that evening requiring all government ministers to refrain from giving media interviews regarding Iran.

BTC Fear & Greed Index Falls to Sub-30 as BTC Returns to Below $17,000

Daniel Rogers

Nov 09, 2022 17:42

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On Tuesday, the price of bitcoin (BTC) fell to its lowest level since November 2020 before somewhat recovering to $18,559 by the end of the day. The news that FTX was experiencing liquidity issues, the eventual demise of FTT, and the Binance purchase announcement caused BTC to go below $19,000. The Bitcoin Fear & Greed Index decreased from 31/100 to 29/100, after BTC dropped below $17,000.

 

On Tuesday, bitcoin (BTC) fell by 9.95 percent. BTC concluded the day at $18,559, following a 1.54% fall on Monday. Notably, BTC's losing streak extended to three sessions as it fell below $17,000 for the first time since November 2020.

 

After a gloomy morning, Bitcoin reached a high of $20,712 in the late afternoon. BTC fell to a late low of $16,950 after failing to breach the First Major Resistance Level (R1) at $20,988. BTC went below the Major Support Levels for the day. BTC failed to move back through the Third Major Support Level (S3) at $19,380, despite a minor recovery to $18,559 at the conclusion of the day.

 

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The gloomy session was spurred by FTX vs. Binance news updates. However, market conditions deteriorated as a result of the announcement that FTX was suffering a liquidity crisis, sparking fears of contagion. While announcements of Binance's planned acquisition of FTX offered some solace, fears of contagion and the threat of more regulatory scrutiny pushed BTC further into the red.

 

In contrast, the NASDAQ Composite Index increased by 0.49 percent on Tuesday, as optimism surrounding the US midterm elections provided support. BTC will likely remain decoupled from the NASDAQ until the full amount of the damage is determined following the failure of FTX. The NASDAQ mini was up 15.5 points this morning.