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On August 14th, Futures News reported that, according to foreign media, Ukrainian Agriculture Minister Taras Vysotskyi stated on Friday that Ukraine could resume grain exports through Black Sea ports within a month if all parties implement the agreement to suspend attacks on civilian cargo ships. According to Ukrainian sources on the 13th, Ukraine had proposed to Russia a cessation of mutual attacks on civilian targets in the Black Sea. Recently, attacks by Russia and Ukraine against commercial shipping and port facilities in the Black Sea have escalated. Several Russian ports in the Black Sea and Sea of Azov have ceased operations, affecting key grain export hubs in southern Ukraine as well, leading to a significant decline in grain exports from both countries and pushing up global grain prices.According to Hong Kong Stock Exchange filings, Xiaomi Group (01810.HK) repurchased 1.9 million Class B shares on August 14, at a cost of HK$49.8 million.On August 14th, Miniso (09896.HK) announced that it expects to record revenue of approximately RMB11.45 billion to RMB11.55 billion for the first half of 2026, representing an increase of approximately 22% to 23% year-on-year; operating profit of approximately RMB1.62 billion to RMB1.66 billion, representing an increase of approximately 5% to 7% year-on-year; profit for the period of approximately RMB940 million to RMB960 million, representing an increase of approximately 4% to 6% year-on-year; and basic and diluted earnings per share of approximately RMB0.78 to RMB0.79, representing an increase of approximately 5% to 7% and 6% to 9% year-on-year, respectively. The increase in operating profit for the first half of 2026 is mainly due to the fair value change of an investment in a limited partnership investing in the artificial intelligence industry, resulting in an unrealized and market-valued gain of approximately RMB277 million.Citigroup raised its price target for Coreweave from $142 to $159.An Amazon subsidiary has reached an acquisition agreement with GlobalStar.

Bitcoin Slices Through Key Technical Price Level, Where is the Bottom?

Jimmy Khan

Jun 14, 2022 11:59

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Bitcoin prices have dropped below a critical support level that has previously functioned as the bottom of prior bear markets. In prior market cycles, the 200-week moving average has been a significant level of support for long-term Bitcoin price fluctuations.


During the Tuesday morning Asian trading session, BTC prices fell through this critical barrier, falling to slightly over $21,000. According to Tradingview, the 200-week moving average was around the $22,000 price level, but it has failed to hold, with prices now lingering at $21,883.


Josh Rager, a trader and analyst, saw the change and tweeted "help us all" on June 14.


"Structural macro flows are so against us, it likely only matters when the risk-tides change," Chris Burniske, a partner at Placeholder VC, said of the ramifications of breaking through such a strong level of support: "Could be entering pretty new bear territory for crypto shortly here." The battle on the marketplace is far greater than we are."

Unprecedented Fear

Bitcoin is presently down 69 percent from its all-time high in November, and prior bear markets have had declines of more than 80%, so there might be more agony ahead. If history repeats itself with this crypto winter, BTC might fall to about $13,000.


This cycle looks to be unique in comparison to prior ones. With soaring inflation and a cost-of-living crisis, the whole world is in economic distress. Few people have the financial means to invest in anything, and fear and skepticism are at all-time highs.


"Realize how little this crypto dump has to do with Celsius and the stETH issue and everything to do with the overall panic in risk assets (equities and crypto alike) and broken charts," analyst Alex Krüger said, confirming the idea that there was widespread concern.


Because the patterns and signs have not been followed to this time, a lot of conventional technical analysis (TA) has been made ineffective.


But it's not only bitcoin that's been pounded; equities in general have been hammered as well.

Where Does Bitcoin's Bottom Lie?

With TA in a FUBAR condition, predicting the moves of crypto markets over the next several months has become difficult. Nonetheless, it's reasonable to assume that the bears aren't done yet.


For the first time since January 2021, the overall market capitalization has dropped 70% to below $1 trillion, making the previous peak of $830 billion in January 2018 appear not so far away.

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