EUR/USD 1.17633
0.138%
Gold 3717.22
0.892%
Oil 62.634
0.559%
USD/JPY 147.930
-0.003%
GBP/USD 1.34950
0.172%
GBP/JPY 199.638
0.170%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Hang Seng Index in Hong Kong closed at 26,344.14 points, down 200.96 points, or 0.76%, on Monday, September 22. The Hang Seng Tech Index in Hong Kong closed at 6,257.91 points, down 36.51 points, or 0.58%, on Monday, September 22. The CSI 300 Index closed at 9,370.73 points, down 101.62 points, or 1.07%, on Monday, September 22. The H-share Index closed at 4,064.4 points, down 61.65 points, or 1.49%, on Monday, September 22.On September 22, Li Yunze, Director of the Financial Regulatory Administration, stated that efforts are underway to direct resources toward new productivity and strengthen credit support for science and technology. The outstanding loan balance for high-tech enterprises has reached nearly 19 trillion yuan, with an average annual growth rate exceeding 20%. Patient capital has been cultivated and strengthened, with insurance funds investing over 5.4 trillion yuan in stocks and equity funds, an 85% increase from the end of the 13th Five-Year Plan, contributing to the stable and healthy development of the capital market. Technology insurance protection has been strengthened, providing cumulative risk protection exceeding 10 trillion yuan. First-of-its-kind and first-batch insurance has supported 3,600 innovative application projects, safeguarding scientific and technological research and development and the commercialization of research results.On September 22, Li Yunze, director of the Financial Regulatory Administration, said that since last year, (the Financial Regulatory Administration) has taken the lead in establishing a coordination mechanism to support financing for small and micro enterprises, issuing 2.2 trillion yuan in loans, and expanding the coverage of the interest-only loan renewal policy, involving 9.4 trillion yuan in loans, effectively alleviating the financial pressure on small and medium-sized enterprises.On September 22nd, research director Katherine Brooks wrote that gold prices surged to a new record high on concerns that the Federal Reserve will begin easing monetary policy despite the resilient US economy. Brooks said that demand for gold appears to remain strongly supported in the coming months. She added that gold is the worlds oldest inflation hedge, and its appeal is expected to grow further as the Federal Reserve appears ready to embark on a new cycle of monetary easing.On September 22nd, Huazhijie announced on its interactive platform that it has developed precision structural components for liquid-cooled battery thermal management systems in response to market demand. These components have entered the supplier network of leading North American new energy vehicle companies. The company is currently gradually delivering these products to downstream customers.

BTC Fear & Greed Index Falls into Extreme Fear on Binance Withdrawal

Skylar Shaw

Nov 10, 2022 16:40

微信截图_20221110115409.png


Bitcoin (BTC) fell by 14.20% on Wednesday. BTC finished the day at $15,923 after falling by 9.95% from Tuesday. The day ended with BTC trading below $16,000 for the first time since November 15, 2020, which is notable given that its losing streak had now lasted four sessions.


BTC fell from an early high of $18,600 to a late low of $15,588 while trending downward the entire day. BTC breached the First Major Support Level (S1) at $16,769 during the prolonged sell-off that brought it to a new 2022 low and concluded the day at $15,923.


Before the news came that Binance was abandoning the deal, market anxiety over the FTX liquidity crisis, contagion concern, and the prospect of heightened regulatory scrutiny impacted on BTC and the larger market.


The market's response to FTX's demise and the escalating bankruptcy danger resulted in a greater decoupling from the NASDAQ Composite Index. As risk appetite was put to the test by the midterm elections on Wednesday, the NASDAQ declined by a relatively moderate 2.48%.


As BTC returns to under $16,000, the Fear & Greed Index drops to 22/100.


The Fear & Greed Index dropped from 29/100 to 22/100 this morning. The Index entered the Extreme Fear zone once more after a further BTC sell-off.


The news of Binance bailing out of the deal shook investor confidence after the FTX liquidity crisis. If FTX can't close an alleged $8 billion shortfall, it risks going out of business.


The consequences will be severe for one of the top exchanges and are likely to reduce investor trust for some time. The FTX story will continue to dominate the market in the short term.


In order to support a recovery to 40 and a transition into the neutral zone, the Index would need to stay above sub-20/100. BTC would, however, be at risk of trading below $10,000 if the price dropped below 20/100. In the absence of a bailout for FTX, the slide from 40 on November 6 points to further downside for BTC.

Suggestion