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The Hang Seng Tech Index surged more than 2% in the short term, with AI application stocks rising across the board. The Hang Seng Index is currently up 0.76%.U.S. State Department spokesperson: U.S. Secretary of State Marco Rubio spoke with Mexican Foreign Minister Juan Ramon de la Fuente on the 11th.On January 12th, Semafor reported that an external organization closely associated with the Trump administration plans to run ads during the 2026 Super Bowl to promote the "Trump Account." This is a new type of individual retirement account for U.S. children born between January 1, 2025, and December 31, 2028, with a one-time federal government injection of $1,000 in seed funding. Last week, in an interview with a Midwestern local radio station, when asked why the "Trump Account" hadnt received widespread media coverage since its announcement last year, Treasury Secretary Bessant responded, "Itll be getting a lot of attention soon. All viewers, listen up: after the national anthem (a traditional segment before the Super Bowl officially begins), tune in to the Super Bowl, were going to have a massive launch." NBC, which will broadcast the 2026 Super Bowl, and the U.S. Treasury Department declined to comment.On January 12th, following the recent 2026 XPeng Global New Product Launch, XPeng Motors Chairman and CEO He Xiaopeng stated in an interview that XPeng Motors core product lines, including smart cars, Robotaxi (driverless taxis), robots, and low-altitude flying cars, will go global. From 2026 to 2030, the company will fully promote globalization. He Xiaopeng explained that in terms of globalization, XPeng Motors had already entered 60 countries and regions by 2025, and will enter even more countries and regions in 2026. "We will further deepen our local R&D and local manufacturing, bringing more global models to both left-hand drive and right-hand drive markets."January 12 - The State Council Information Office will hold a press conference at 10:00 AM on Wednesday, January 14, 2026, where Wang Jun, Deputy Director of the General Administration of Customs, will introduce the import and export situation for the whole of 2025 and answer questions from reporters.

Bitcoin Maintains a Positive Short-term Outlook

Cory Russell

Feb 24, 2023 15:02

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Industry Snapshot

On Wednesday, Bitcoin ended below $24K for the first price in eight days. But on Thursday morning, investors took control once more, driving the currency up to $24.4K. In response to declining market benchmarks, Bitcoin experienced pressure on Tuesday and Wednesday. The slide came to a halt last night, which enabled the cryptocurrency market to recoup some of its loses and return to $1.11 trillion in total capitalization.


The monthly link between bitcoin and the S&P 500 has, interestingly, dropped to its lowest point since 2021, according to Bloomberg. And it was clear how long cryptocurrencies had disregarded the fall in equity prices.


Our opinion is that these markets continue to be linked and that they only "hear" each other's whispers when they become clear and persistent. Less obvious patterns are viewed as noise that has been sorted out.


The most recent downward momentum was halted at 61.8% of the upward momentum from last week's lows, suggesting that there is still space for further gains in the short-term momentum of bitcoin. Without the stock benchmarks' significant downward trend, bitcoin still has a chance to challenge the 25,000 level before the week is over. It might get there if it makes such persistent efforts to ascend higher.

Historical Events

The Department of Financial Services (NYDFS), New York's financial supervisor, has declared an upgrade to its tools for keeping an eye on illicit coin activity among its controlled companies, and as a result, it is ramping up its supervision of the crypto market.


On February 28, the Shanghai-Capella (Shapella) upgrade will be released to the Sepolia test network by the Ethereum team. This upgrade will be released after The Merge and will permit validators to take money out of blocks. The hardfork will first be tried on the Goerli network after Sepolia and then deployed on Mainnet (possibly in March).


A collaboration between the Binance exchange and credit card provider Ingenico will enable stores in France to begin taking cryptocurrency purchases. Later, the initiative will be expanded to include Italy, Lithuania, Spain, Cyprus, Poland, and Sweden, as well as other European nations where Binance holds operating licenses.


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