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On January 11, the National Healthcare Security Administration issued a notice to launch a pilot program for the construction of a "Personal Medical Insurance Cloud." From February to December this year, pilot projects will be conducted in selected regions to explore a new model of smart medical insurance management covering the entire population, the entire life cycle, and all scenarios. The National Healthcare Security Administration requires pilot regions to build provincial (municipal) personal medical insurance clouds based on the national unified medical insurance information platform. This includes comprehensively aggregating core data from designated medical institutions within the region, such as diagnosis, settlement, and drug and consumable usage. The program will also focus on connecting and processing data from wearable devices, home smart monitoring devices, and health checkup institutions, promoting the effective integration of in-hospital medical settlement data with out-of-hospital health sensor data.Ukrainian President Volodymyr Zelenskyy said that Ukraines chief negotiator, Ivan Umerov, spoke with U.S. representatives on Saturday.January 10th - According to the National Marine Forecasting Center, a 6.6-magnitude earthquake struck the waters off the Tarau Islands of Indonesia at 22:58 (Beijing time) on January 10, 2026, with a focal depth of 69 kilometers. The Ministry of Natural Resources Tsunami Warning Center, based on preliminary earthquake parameters, assesses that the earthquake may trigger a localized tsunami around the epicenter, but will not affect my countrys coast.On January 10, the Inter-Services Public Relations (ISPR) of the Islamic Republic of Pakistan (IPP) announced that Pakistani and U.S. armed forces have begun a joint counter-terrorism exercise codenamed "Inspired Gambit 2026." The press release stated that the two-week exercise is being held at the National Counter-Terrorism Centre base in Pabi, Khyber Pakhtunkhwa province, in northwestern Pakistan.On January 10th, the Yangtze River Delta Integration Model Release and Application Linkage Conference was held in Shanghai. At the conference, the Yangtze River Delta Integration Model (YRD-P1), led by Professor Zhang Xueliangs team, a member of the China Regional Economy 50 Forum and Executive Dean of the Yangtze River Delta and Yangtze River Economic Belt Development Research Institute at Shanghai University of Finance and Economics, was officially released. Professor Zhang stated that the YRD-P1 model is a specialized large-scale model built upon years of accumulated urban and regional scientific research. Relying on continuously accumulated policy documents, statistical data, academic achievements, industrial chain information, and geospatial data, the model is deeply customized for the Yangtze River Delta region, emphasizing the systematic, authoritative, and traceable nature of its knowledge system, and aiming to provide a more intelligent, accurate, and sustainable decision-making support tool for coordinated regional development.

Is Bitcoin Developing a Reversal Similar to Stocks?

Daniel Rogers

May 30, 2022 16:56

Bitcoin, Alternatives to Bitcoin, and Indicators 

Bitcoin has decreased by 2.5% over the past week, closing near $29,200. Ethereum lost 10.6%, while other prominent altcoins in the top ten plummeted between 1% (Polkadot) and 14.8%. (Solana). According to CoinMarketCap, the entire market capitalization for cryptocurrencies decreased by 2.4% during the past week to $1.26 trillion. The Bitcoin dominance index increased by 1.3 points to 44.9 percent over the same time period due to the first cryptocurrency's improved performance.

 

By Monday, the cryptocurrency fear and greed index had decreased to 10 points. However, this decline does not account for Monday's early-morning market performance. Bitcoin has finished lower for eight consecutive weeks, representing the longest selling streak in the history of the first cryptocurrency. However, the dips over the past two weeks have been fairly tentative.

 

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Analysis of Bitcoin Technical Data

BTCUSD again broke the $30,000 threshold on Monday morning and returned to last week's highs, breaking over the downside resistance line in a robust surge. It is premature to discuss a bullish counteroffensive until Bitcoin breaks above its horizontal resistance line since mid-May, which is $30.6K. Renewed risk appetite on the global markets fuels optimism for a comeback. The dynamics of equities and cryptocurrencies diverged significantly last week, illustrating the crypto market's weakness.

Bitcoin as a Potential Investment

As institutional players have entered the market in recent years and enhanced market liquidity, Dan Held, director of business development at crypto exchange Kraken, feels the current crypto crisis is not as bad as past ones. We would add that, due to the increased crypto market capacity, the bull cycle of 2021 has not witnessed as big of a spike as it did in 2013 and 2017, which explains the relatively low 'winter' losses. Michael Saylor, the CEO of MicroStrategy, stated he will always purchase bitcoin.

 

According to him, Bitcoin is the most stable asset in the current chaotic global economy. Bill Miller, the head of the investment firm Miller Value Partners, referred to bitcoin as an efficient method for gaining access to financial services regardless of military or economic conditions.

 

According to Deutsche Bank, regulation of cryptocurrencies would alleviate the turmoil on the crypto market.

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