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According to Al Arabiya TV: Lebanese official data shows that Israeli airstrikes on southern Lebanon tonight have killed three people.On September 5th, stronger-than-expected US August jobs data triggered renewed bets on a possible Federal Reserve rate hike, but Wall Street risk assets did not show significant panic. Data showed increased resilience in the job market, leading traders to raise their expectations for a rate hike at the Feds September 16th meeting. US Treasuries experienced a sell-off, the dollar strengthened, and the S&P 500 fell on Friday but still recorded a weekly gain. Unlike previous rate hikes that often triggered capital outflows, this round of bond market adjustments has not yet spread to other risk assets. Credit spreads remain low, limiting pressure on corporate bonds and stock index markets. JPMorgan Chase stated that US Treasury liquidity has deteriorated significantly, but corporate bond ETFs and stock index futures markets have not yet experienced similar tension. Market resilience mainly stems from economic growth and corporate profits, especially as AI investment continues to drive large-scale capital expenditures by technology companies. Analysts point out that the market is currently more focused on whether yields will rise rapidly than on the jobs data itself. The market focus will shift to inflation data and whether the Fed will reconsider its rate hike path due to inflationary pressures. If yields rise further rapidly, it could force investors to reduce their risk exposure.US officials: The White House has no plans to hold an artificial intelligence meeting in mid-September.OpenAI CEO Altman: GPT-6 Astra is now available to all Pro, Enterprise, and Business Premium users and is available via API. Our next step is to begin rolling it out to Plus and Business users. Thank you for your patience.The Israel Defense Forces (IDF) are continuing operations in the security zone to eliminate threats to Israeli civilians and soldiers. The IDF will continue to take measures against Hezbollahs repeated attempts to harm Israeli soldiers.

Demand for Crypto, Despite the Storm

Skylar Shaw

Oct 18, 2022 16:07

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Over the previous week, Bitcoin lost 0.8% and ended close to $19,300. There were no noticeable price increases at the beginning of the new week. The exchange rate is still tied to the current price, with the exception of significant market movements on Thursday and Friday. To $1310, Ethereum was down 0.9%. The price of the top 10 other cryptocurrencies decreased from 1.8% (BNB) to 12.5%. (Cardano).


According to CoinMarketCap, the total market value of cryptocurrencies fell 2% over the course of the week to $925 billion. The Bitcoin Dread & Greed Index is still in a condition of "severe fear," having dropped to 20 on Monday from 22 the previous week and 24 the day before.


Despite the unfavorable external environment, BTC has made a successful effort to retain its September lows in the face of stock market sentiment that is far more concerning. We consider it unworkable to think of cryptocurrencies as safe-haven investments and interpret the stability in the prices of the main cryptocurrencies as a sign of strong internal demand for risk.

News context

Despite its very volatile pricing, DBS Bank of Singapore described Bitcoin as a useful instrument for transaction clearing. The BTC market is open around-the-clock, allowing investors to get funds and liquidity as required.


The cryptocurrency wallet MetaMask will provide a new feature that will let consumers in the United States to purchase cryptocurrencies straight from their bank accounts.


China has proposed a pan-Asian digital currency to lessen the region's economy' reliance on the dollar.


The commercial company shares that Tether utilized to support USDT Stablecoin have been totally deleted.


In the meanwhile, artificial intelligence-based fair market value estimation for non-transferable tokens (NFT) was presented by digital asset management firm CoinShares.

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