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On September 15th, data from the National Bureau of Statistics showed that in August, the year-on-year decline in new residential property prices in first-tier cities was 0.9%, a decrease of 0.2 percentage points compared to the previous month. Specifically, prices in Beijing, Guangzhou, and Shenzhen fell by 2.3%, 1.9%, and 2.3% respectively, while Shanghai saw an increase of 3.0%. In second- and third-tier cities, the year-on-year declines in new residential property prices were 2.7% and 4.1% respectively, both narrowing by 0.1 percentage points. In August, the year-on-year decline in existing residential property prices in first-tier cities was 2.7%, a decrease of 1.0 percentage point compared to the previous month. Specifically, prices in Beijing, Shanghai, Guangzhou, and Shenzhen fell by 3.5%, 0.8%, 3.8%, and 2.7% respectively. In second- and third-tier cities, the year-on-year declines in existing residential property prices were 4.9% and 5.6% respectively, both narrowing by 0.2 percentage points.New Residential Housing Prices: 1. Beijing: August new residential housing prices -0.2% month-on-month (previous value -0.3%), -2.3% year-on-year (previous value -2.3%). 2. Shanghai: August new residential housing prices +0.4% month-on-month (previous value +0.2%), +3.0% year-on-year (previous value +3.0%). 3. Guangzhou: August new residential housing prices +0.1% month-on-month (previous value +0.1%), -1.9% year-on-year (previous value -2.2%). 4. Shenzhen: August new residential housing prices +0.2% month-on-month (previous value +0.2%), -2.3% year-on-year (previous value -2.9%). Second-hand Residential Housing Prices: 1. Beijing: August second-hand residential housing prices -0.1% month-on-month (previous value 0.0%), -3.5% year-on-year (previous value -4.5%). 2. Shanghais existing home prices in August increased by 0.3% month-on-month (previous value +0.3%) and decreased by 0.8% year-on-year (previous value -2.0%). 3. Guangzhous existing home prices in August remained unchanged month-on-month (previous value +0.4%) and decreased by 3.8% year-on-year (previous value -4.7%). 4. Shenzhens existing home prices in August increased by 0.1% month-on-month (previous value +0.2%) and decreased by 2.7% year-on-year (previous value -3.6%).National Bureau of Statistics: Beijings second-hand housing prices in August decreased by 0.1% month-on-month (previous value +0%) and decreased by 3.5% year-on-year (previous value -4.5%).According to the National Bureau of Statistics, the price of second-hand residential properties in Shenzhen rose 0.1% month-on-month in August (up 0.2% in the previous month) and fell 2.7% year-on-year (down 3.6% in the previous month).September 15th - The 2026 China Carbon Market Conference was held in Wuhan, Hubei Province this morning, and the "National Carbon Market Development Report (2026)" was released at the conference. Reporters learned that as of the end of August, the national carbon emission trading market had accumulated transactions exceeding 900 million tons, with a transaction value exceeding 60 billion yuan. The national carbon market has grown from nothing to a significant stage, playing a crucial role in promoting the achievement of carbon peaking and carbon neutrality goals.

Bitcoin (BTC) Remains Under Pressure with Fear

Jimmy Khan

Jun 20, 2022 14:25

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Bitcoin (BTC) gained 8.44 percent on Sunday. Bitcoin closed the week down 22.70 percent at $20,553, after a 7.23 percent loss on Saturday.


Bitcoin had a gloomy start to the day, falling to a low of $17,936 before making a rise.


Bitcoin rose to a late high of $20,777, staying clear of the Major Support Levels.


Before relaxing down to $20,550 levels, Bitcoin broke past the First Major Resistance Level at $20,584.

There were no external market factors steering bitcoin's course. With the US markets closed on Monday, dip-buyers provided much-needed assistance.


Despite risk aversion spreading from the US equities markets, investor appetite increased. The NASDAQ dropped 4.78 percent last week, owing to Fed monetary policy and worries of a worldwide recession.


Despite the fact that the trends were in sync, bitcoin's losses had escalated before to Sunday's recovery bounce.


The US markets are closed today in observance of Juneteenth National Independence Day, leaving the NASDAQ Mini in control. Investors should pay attention to any FOMC member discussion later today.

The Bitcoin Fear & Greed Index is Still Bearish

The Bitcoin Fear & Greed Index received some assistance from Sunday's relief surge. The Index increased from 6/100 to 9/100 this morning. Despite the rally, the Index was still stuck in the "Extreme Fear" zone.


The Index fell to 6/100 over the weekend, bringing it below March 2020 levels, when bitcoin was trading below $10,000.


Near-term obstacles include market perceptions of Fed monetary policy and worries of a worldwide recession.


Volatility will likely remain as markets analyze economic data and central bank forward guidance, barring a significant reduction in inflationary pressure.

Bitcoin Price Action (BTC)

BTC was down 2.14 percent to $20,113 at the time of writing.


BTC began the day with a mixed performance, reaching a high of $20,606 before sliding to a low of $20,031.


Early on, BTC did not test the Major Support and Resistance Levels.