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According to Irans Press TV, Hezbollah in Iraq has expressed support for the Houthi rebels in Yemens retaliatory actions in response to Saudi Arabias continued deadly aggression against Yemen.On September 8th, the State Administration for Market Regulation issued a notice on comprehensively cultivating "Safe Consumption Units and Clusters." The notice proposes to widely cultivate a number of "Safe Consumption Units and Clusters" that enhance consumption quality, improve consumer experience, and innovate consumption scenarios, thereby driving sustained consumption growth. By 2030, there will be more than 5,000 "Safe Consumption Clusters" nationwide, with widespread coverage of "Safe Consumption Units" in key industries, the "Safe Consumption in China" brand basically established, and consumers sense of gain significantly enhanced.The Dutch Foreign Minister stated that as partners of the EU and NATO, the Baltic states cooperate with the Netherlands on European security, support for Ukraine, and exerting greater pressure on Russia to end the war. He added that discussions to further deepen cooperation will take place in Lithuania, Estonia, and Latvia in the coming days.On September 8, the Houthi rebels in Yemen issued a statement claiming that Saudi Arabia had launched 121 airstrikes over the past three days from King Khalid Air Base in Khamis Mushait and King Fahd Air Base in Taif, targeting the provinces of Marib, Baida, Hodeidah, Taiz, and Jawf. The statement said that the Houthis launched a large-scale military operation in response to these Saudi actions, using dozens of ballistic missiles and drones to attack Saudi Aramco facilities in Abha, Najran, Economic City, Saudi Aramcos Jizan facilities, and the Khamis Mushait Air Base. The statement claimed that the attacks "hit their targets" and caused significant damage to the facilities. The statement also asserted that Saudi Arabia should bear responsibility for the escalation of the situation and warned that any attacks against Yemen would be met with a response. Finally, the statement said that the Houthis would continue their military operations deep within Saudi territory and continue their so-called "blockade against blockade" operation until "the military operation ceases and the blockade of Yemen is lifted."Russian Ministry of Defense: Russian forces have taken control of the settlements of Belezniki and Dorzhinkoye in the Kharkiv region.

BTC Fear & Greed Index Maintains Stability Despite Bitcoin's Return to $16,000

Alina Haynes

Nov 23, 2022 15:16

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Bitcoin (BTC) increased by 2.87 percent on Tuesday, snapping a two-day losing run. The risk of FTX contagion diminished as news updates on FTX assets permeated the crypto news wires. Despite Tuesday's market increase, the Fear & Greed Index remained unchanged at 22/100, with contagion risk remaining a constant concern.

 

Bitcoin (BTC) climbed by 2.87% on Tuesday. BTC closed the day at $16,215, partially correcting Monday's 3.15% decline. Notably, Bitcoin dipped below $16,000 for the second session in a row.

 

BTC fell to a midmorning low of $15,616 after a mixed start to the day. BTC reached a high of $16,294 in early afternoon trading, avoiding the First Major Support Level (S1) around $15,400. BTC surpassed the First Major Resistance Level (R1) at $16,218 before retracing its gains to below $16,050. BTC retested R1 after finding late support, before retreating.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

The prospect of FTX contagion continued to dampen investor sentiment on Tuesday after Genesis issued a bankruptcy notice.

 

Nonetheless, market conditions improved by late morning. FTX's $1.24 billion in cash reserves and news of Tron CEO Justin Sun and Ripple CEO Brad Garlinghouse eyeing FTX assets alleviated investor anxiety.

 

The cash reserves and asset sales should mitigate the losses of the top 50 creditors, who are exposed to FTX by $3.1 billion.

 

Nonetheless, notwithstanding the announcement, FTX contagion continues to pose a persistent risk to the broader market. Tuesday, the judge overseeing the FTX bankruptcy proceedings authorized the redaction of client names. The omission may leave investors confused about potential FTX-linked platforms that may have liquidity concerns.

 

On Tuesday, the NASDAQ Composite Index also found support. Demand for risky assets increased as fears of a holiday spending slump subsided. The NASDAQ gained 1.36 percent. This morning, though, the NASDAQ mini was down 23.5 points.

 

Later on today, the US Jobless claims, private sector PMIs, consumer sentiment, core durable goods, and FOMC meeting minutes will garner attention. The statistics and minutes will provide guidance for the cryptocurrency market.

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