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On May 19th, at the Wuhan Optical Expo held from May 18th to 20th, Jin Zhiguo, Vice President of Huaweis Optical Product Line, stated that the rapid development of AI applications in various industries has placed higher demands on networks. All-optical networks based on F5G-A technology have become the best network solution to support the widespread adoption of AI applications. The combination of F5G-A and AI technologies will build a digital and intelligent foundation integrating communication, sensing, computing, and control for the industry, representing a key direction for the development of the optical industry.Market news: Acting U.S. Attorney General Todd Branch will testify before a Senate subcommittee on the Justice Department’s 2027 budget proposal.European Commission: Today, the European Commission adopted the Fertilizer Action Plan, which aims to support farmers facing rising fertilizer costs and shortages, strengthen domestic production, and reduce Europes dependence on imports.Micron Technology (MU.O) shares turned positive in early trading and are currently up more than 2%.On May 19th, Xin Changxing, Secretary of the Jiangsu Provincial Party Committee, met with Lisa Su, Chairwoman and CEO of Advanced Micro Devices (AMD). Xin stated that Jiangsu is currently implementing the spirit of President Xi Jinpings important instructions, comprehensively carrying out the "Artificial Intelligence+" action, promoting the deep integration of technological and industrial innovation, and striving to build an important base for developing new-quality productive forces. He expressed hope that AMD would strengthen its confidence in developing in China and Jiangsu, deepen industrial cooperation, increase investment, and work together to achieve a higher level of mutual benefit and win-win results. He added that Jiangsu will continue to create a first-class business environment that is market-oriented, rule-of-law based, and internationalized, providing better services and guarantees for enterprise development. Su stated that Jiangsu has significant advantages in industrial foundation, talent resources, and application scenarios, and that AMDs cooperation with Jiangsu has yielded positive results. She expressed great optimism about Chinas development prospects and pledged to further expand mutually beneficial cooperation with Jiangsu to achieve win-win development.

BTC Fear & Greed Index Maintains Stability Despite Bitcoin's Return to $21,000

Daniel Rogers

Oct 31, 2022 16:35

截屏2022-10-31 下午4.08.57.png 

 

Bitcoin's (BTC) price increased by 1.08% on Saturday, ending the day at $20,833. Notably, BTC has reached $21,000 twice since September 13. Following the release of US economic data on Friday, market expectations of a December Fed pivot continued to be supported. The Bitcoin Fear & Greed Index remained unchanged at 34/100 as Fed anxiety diminished.


Bitcoin (BTC) climbed by 1.08% on Saturday. BTC concluded the day at $20,833 after a 1.53% increase from Friday. Notably, BTC closed the day at $20,000 for the fifth consecutive session, and for the second time since September 13 it reached $21,000.

 

BTC fell to a morning low of $20,576 following a mixed start to the day. BTC rose to a late-morning high of $21,094 without touching the First Major Support Level (S1) at $20,174. BTC surpassed the First Major Resistance Level (R1) at $20,908 before retreating to finish the day below $20,900.

 

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The rebound to $21,000 illustrates the ongoing shift in market sentiment towards Federal Reserve monetary policy.

 

The August US CPI report put Bitcoin and the broader market into a downward spiral on September 13. This week, the expectation of a Fed turnaround in December has provided market support. The Fed's influence on BTC is likely to persist in the near future, maintaining the correlation with the NASDAQ.


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