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November 9th - Trump: I am pleased to announce that the great attorney John Coale has been nominated as the U.S. Special Envoy to Belarus. He has successfully facilitated the release of 100 hostages and is working to secure the release of another 50. I would like to express my sincere gratitude in advance to the esteemed President Lukashenko of Belarus for considering the release of these additional hostages.U.S. Treasury Secretary Bessant: Substantial progress is being made on the inflation issue, and prices are expected to fall in the coming months.On November 9th, local time, Ukrainian President Volodymyr Zelensky signed a new sanctions decision, imposing sanctions on several Russian government officials and institutions. Ukraine called on the international community to increase pressure on Russia and sanction all individuals and organizations that fund war and spread disinformation. Ukraine stated that this round of sanctions includes "Russian government members involved in the plunder of occupied Ukrainian territories" and personnel from Russian military intelligence. Ukraine also plans to take further measures against publishing institutions within Russia engaged in war propaganda and defense of aggression. According to Ukrainian sources, the sanctions list includes individuals such as Russian Presidential Special Representative Kirill Dmitriev.Iraqs State Oil Marketing Organization (SOMO) announced that Iraq has set its official selling price for December Basra medium crude oil to Asia at a discount of $0.35 to the average price of Oman/Dubai crude oil.November 9th - According to Japans TBS News, a 5.6-magnitude earthquake struck off the eastern coast of Honshu, Japan, at 6:28 PM local time on the 9th, with a focal depth of 10 kilometers. The epicenter was located off the coast of Sanriku, and Morioka City in Iwate Prefecture experienced noticeable tremors with an intensity level of 3. A 6.7-magnitude earthquake had just struck the same area at approximately 5:03 PM local time on the 9th, triggering a tsunami. According to the latest observations, the tsunami has reached several locations in Iwate Prefecture, including Miyako, Kuji Port, and Ofunato. No casualties have been reported so far.

Bitcoin Failed to Gain Traction – Needs Confirmation

Cory Russell

Oct 25, 2022 15:38

微信截图_20221025114758.png


Over the last week, bitcoin gained 0.9%, ending close to $19.5K. This rise was considerably aided by the markets' turn to growth on Friday afternoon and the brutal beating they received on Sunday. The impact of the latter, however, has almost entirely disappeared.


When it attempts to go higher early on Monday, the 50-day moving average, which is still acting as a barrier, starts a fresh selling wave. We still need confirmation of the upward departure, but the price surge on Sunday officially sent the quotation outside the triangle. A consolidation above the prior highs around $19.6K, which has not occurred so far, would serve as a confirmation indication.


To $1330, Ethereum increased by 1.5%. From a 5.1% fall (Solana) to a 1.2% growth, other top cryptocurrencies from the top 10 displayed a range of behaviors (Dogecoin).


According to CoinMarketCap, the total value of the cryptocurrency market increased by 0.9% week over week to $933 billion. The Extreme Fear reading on the Cryptocurrency Fear and Greed Index remained at 23 during the course of the week.


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