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Freddie Mac: As of August 21, the average rate on a 30-year fixed-rate mortgage was 6.58%.Germanys DAX30 index closed up 13.51 points, or 0.06%, at 24,290.61 points on Thursday, August 21; Britains FTSE 100 index closed up 20.71 points, or 0.22%, at 9,308.85 points on Thursday, August 21; Frances CAC40 index closed down 34.74 points, or 0.44%, at 7,938.29 points on Thursday, August 21; The STOXX 50 index closed down 11.47 points, or 0.21%, at 5460.85 points on Thursday, August 21; the Spanish IBEX 35 index closed up 2.40 points, or 0.02%, at 15297.50 points on Thursday, August 21; and the Italian FTSE MIB index closed up 130.19 points, or 0.30%, at 42995.00 points on Thursday, August 21.On August 21, Apple (AAPL.O) raised the monthly subscription price of its streaming platform Apple TV+ by 30% to $13, as part of its strategy to expand service business revenue. The price adjustment took effect on Thursday for new subscribers in the United States and some international markets. The annual fee remains at $99, and the company has not adjusted the price of the Apple One service bundle. Apple is following other streaming peers in steadily raising prices, but unlike Netflix, Disney+ and HBO Max, Apple TV+ only offers a single subscription plan. Since its launch in 2019, Apple TV+ has lagged behind these competitors in terms of user numbers, but its original content has continued to receive rave reviews. The service business has been a highlight for Apple in recent years, with revenue from the business growing 13% to $27.4 billion last quarter.Chinese stocks of new energy vehicles surged, with Xpeng Motors (XPEV.N) rising more than 13% and NIO (NIO.N) rising more than 10%.White House trade advisor Navarro concluded his speech.

BTC Fear & Greed Index Remains Neutral Despite SEC Move on BUSD

Jimmy Khan

Feb 14, 2023 16:34

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Bitcoin (BTC) had a 0.11% decline on Monday. On Sunday, BTC lost 0.32% of its value and finished the day at $21,773. BTC finished the day below $22,000 for the seventh straight session.


After a rocky beginning, BTC increased to a high of $21,905 in the middle of the day. BTC declined to a late-afternoon low of $21,354 after failing to surpass the First Major Resistance Level (R1) at $22,039 in the morning. Before closing the day at $21,773, BTC momentarily breached the First Major Support Level (S1) at $21,609 and the Second Major Support Level (S2) at $21,423.


The SEC's action against Paxos and Binance USD caused BTC to decline.


There were no US economic indications to distract investors on Monday. Paxos and Binance USD (BUSD) were the SEC's most recent targets after hearing that Kraken had reached a settlement with the agency and would no longer provide US cryptocurrency staking services.


News of the SEC intending to sue Paxos over the release and listing of Binance USD broke on Monday (BUSD). The company violated investor protection regulations, according to the SEC. In a statement in response to the Wells notice, Paxos said that it is ready to go to court if required. Because BUSD is not a security under federal securities laws, Paxos further indicated that it unequivocally disagrees with the SEC staff.


The SEC's actions against stablecoins and crypto staking will increase investor apprehension and market volatility.


The NASDAQ Composite Index provided support ahead of today's US CPI Report, limiting the downside for bitcoin. The NASDAQ increased by 1.48% on Monday.


Updates from FTX, Genesis, and Silvergate Bank today need attention. However, in addition to any Fed statement, the NASDAQ Composite Index and SEC chitchat will provide guidance. A sudden increase in US inflation and aggressive Fed talk would be bad for bitcoin. After the US CPI Report, FOMC members Logan and Williams will speak.