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On December 21, Russian Presidential Aide Ushakov told the media that the proposal to hold trilateral talks between Russia, the United States, and Ukraine has not yet been put on the agenda or discussed. He also pointed out that the modifications proposed by Ukraine and Europe to the Russia-Ukraine "peace plan" are not conducive to advancing the agreement. Ushakov confirmed that Russias Special Representative for Foreign Investment and Economic Cooperation, Dmitriev, is currently in Miami holding talks with the US. He revealed that Dmitriev will report on the results of the talks with the US after returning to Moscow. On the same day, Russian Presidential Press Secretary Peskov told the media that President Putin has no plans to speak with US President Trump before the end of the year, but arranging a call would be easy.On December 21st, according to Japanese sources, during a debate program, Itsunori Onodera, chairman of the Liberal Democratic Partys (LDP) Security Research Council, proposed that it is necessary to discuss the definition of the "Three Non-Nuclear Principles." He discussed Japans current reliance on the US "nuclear umbrella," stating, "This is one of the issues that should be discussed." Onodera said the LDP plans to submit a related motion to the Cabinet in February next year to promote discussion in the Diet. The "Three Non-Nuclear Principles" refer to not possessing, manufacturing, or introducing nuclear weapons. Recently, several political parties, politicians, and numerous civic organizations in Japan have called for adherence to the "Three Non-Nuclear Principles" to avoid a repeat of the tragedy of war.Kremlin: The idea of a trilateral meeting between Russia, the United States, and Ukraine has not yet been discussed.On December 21, the Communist Party of Cuba issued a statement on its official website on the 20th, condemning the US governments escalation of aggression against Venezuela in the strongest terms and accusing the US of its recent actions in Venezuela of being a deliberately planned and dangerous act.SpaceX: Public safety is always our top priority during flight tests. We will continue to ensure that public safety is maximized.

Bitcoin Fear & Greed Index Holds Steady as Focus Shifts to US Inflation

Cory Russell

Oct 10, 2022 14:17

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Bitcoin (BTC) increased by 0.13% on Sunday. BTC concluded the week up by 1.98% to $19,444, somewhat correcting a loss of 0.59% from the previous Saturday. Be aware that BTC missed the $20,000 mark for the second time in six sessions.


As the day got off to a negative start, BTC dropped to an early low of $19,326. BTC increased to a high of $19,553 in the late afternoon, avoiding the First Major Support Level (S1) at $19,237. BTC, however, was unable to surpass the First Major Resistance Level (R1) at $19,613, and it dropped back to conclude the day below that level.

 

Investors were able to take a break after four straight sessions in the negative due to a lack of substantive cryptocurrency news headlines. BTC was range-bound over the weekend as a result of a slight increase in bets on a 75 basis point Fed rate hike in December.


The likelihood of a 75-basis point Fed rate increase in November is 76.7%, whereas the likelihood of a 75-basis point increase in December is 24.0%. (October 9). The likelihood of a 75-basis point increase was 0% before to Friday's employment data and Wednesday's ISM Non-Manufacturing PMI.


Correlation with the NASDAQ will probably persist since the cryptocurrency market continues to demonstrate sensitivity to Fed monetary policy. The NASDAQ 100 Mini was down 50.25 points this morning after suffering further severe losses.


The markets will be focusing on the conversations among FOMC members and the IMF/World Bank meetings later today as there are no US economic figures to examine.


After a range-bound session, the Fear & Greed Index remains stable.


The Fear & Greed Index remained constant today at 22/100. Following a four-day BTC losing skid on Sunday, a little BTC gain on Sunday resulted in the Index being unchanged this morning. The worry surrounding the Fed and the state of the economy, however, have kept the Index firmly in the Extreme Fear zone.


Fears of a harsh landing will continue to be a barrier for the cryptocurrency market as market bets for a more hawkish year end climb. US inflation data this week may be instructive.


The Index will need to keep avoiding sub-20/100 for the bulls to justify a change in mood. However, a decline to below 20/100 would indicate a BTC decline to below $18,000.

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