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European chip stocks fell, dragged down by the earlier decline in Samsung Electronics share price. ASML, STMicroelectronics, Infineon, ASMI, Best Semiconductor, and SOITEC all fell between 3% and 7%.On July 7th, BrainTiger Technologys "Implantable Brain-Computer Interface Hand Motor Function Compensation System," also known as the "Fully Implantable, Fully Wireless, Fully Functional (Triple-Full) Brain-Computer Interface System," officially launched its GCP registration clinical trial at Huashan Hospital affiliated with Fudan University. This GCP registration clinical trial adopts a multi-center collaborative model, jointly conducted with 15 tertiary hospitals in Shanghai and other regions, to evaluate its safety and effectiveness in compensating for upper limb function in patients with quadriplegia caused by cervical spinal cord injury. It is understood that this is the first subdural cortical implantable brain-computer interface product to enter the clinical stage of national Class III medical device registration, marking a crucial step forward for my countrys brain-computer interface technology from scientific research exploration to large-scale clinical application.According to Futures News on July 7th, as of 15:00 Beijing time, spot platinum fell 0.74%, and spot palladium fell 1.81%.Switzerlands foreign exchange reserves in June were 758.794 billion Swiss francs, revised from 710.8 billion Swiss francs to 710.9 billion Swiss francs in the previous month.On July 7th, global brokerages began initiating coverage research on Elon Musks SpaceX (SPCX.O), with a preliminary consensus emerging on Wall Street: buy the stock. At least six brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have given it a buy rating, expressing optimism about its long-term growth prospects, despite lingering concerns about profitability and valuation. In a report dated July 7th, Morgan Stanley analysts stated, "SpaceX can massively convert energy into intelligence and commercialize it through AI-driven consumer and enterprise solutions." Their target price of $300 is currently the highest among Wall Street investment banks, implying an 87% upside from Mondays closing price of $160.42. The banks analysts believe that SpaceXs stock price could fall as low as $75 and rise as high as $600 in a bear market and bull market respectively, with revenue reaching $319 billion by 2030 and $3.3 trillion by 2040.

BTC Fear & Greed Index Slips on a Bearish Monday Session

Jimmy Khan

Sep 06, 2022 16:02

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Bitcoin's (BTC) price dropped by 1.07% on Monday. BTC finished the day at $19,789, reversing a 0.85% gain from the previous day. BTC closed the day below $20,000 for the third time in four sessions, while testing the $20,000 mark.


BTC rose to an early high of $20,060 over a volatile morning before going back down. BTC declined to a morning low of $19,636 after failing to surpass the First Major Resistance Level (R1) at $20,165. At $19,715, BTC breached the First Major Support Level (S1). BTC challenged resistance above $20,000 with an afternoon high of $19,965 before falling down after finding support in the early afternoon.


Since there were no significant crypto-related happenings, BTC was left to the whims of the NASDAQ 100 Mini and the European equities markets.


The riskier assets were under pressure from negative sentiment brought on by dismal Eurozone economic data. There wasn't much movement in the NASDAQ 100 Mini to alter the mood since the US markets were closed.


The DAX declined by 2.22% on Monday. The NASDAQ 100 Mini, on the other hand, is up 115.5 points this morning, bolstering BTC and the larger crypto market.


Later on today, the NASDAQ 100 and the cryptocurrency market will be impacted by US economic figures. The day's most significant statistic is the crucial ISM Non-Manufacturing PMI. Better-than-expected service sector activity might increase Fed anxiety and test the public's willingness to invest in riskier assets.