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February 8th - Currently, the red envelope codes from Alibabas Qianwen app and Tencents Yuanbao can be copied within WeChat. Previously, on the afternoon of February 6th, WeChat "blocked" Qianwen activity codes; some users who shared Qianwen red envelope codes to WeChat found that even after selecting the code, the WeChat page did not display a copy button. Yuanbao codes were also temporarily blocked.February 8th - "Currently, new funds deposited in three-year fixed deposits can enjoy an interest rate of 1.95%, which just came into effect a few days ago, an increase of about 10 basis points compared to before," a wealth management manager at a Ningbo Bank branch in Beijing told reporters. Recently, reporters visited and contacted several banks and learned that, with the Spring Festival approaching, many banks are launching special deposit and large-denomination certificate of deposit products, and are temporarily raising deposit interest rates.February 8th - According to China Railway Construction Corporation, Chinas "undersea space station" has been successfully applied. On the morning of February 6th, the worlds longest undersea high-speed railway tunnel made new progress. After 22 days of operation, Chinas first domestically developed shield tunneling machine with saturated pressure entry, the "Deep-Sea Space Station," successfully completed its debut on the Ningbo side of the Jintang Undersea Tunnel of the Ningbo-Zhoushan Railway, constructed by China Railway 14th Bureau Group. It successfully carried out shield tunneling operations at a depth of 75 meters in a high-pressure environment, replacing 46 cutterheads. This marks the successful application of my countrys independently developed shield tunneling saturated pressure entry technology, breaking through the 60-meter safe operating depth limit and continuing to explore depths up to 75 meters.The China Earthquake Networks Center officially reported that a magnitude 3.3 earthquake struck Beichuan County, Mianyang City, Sichuan Province at 11:01 AM on February 8th, with a focal depth of 14 kilometers.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.1 occurred near Beichuan County, Mianyang City, Sichuan Province at 11:01 on February 8. The final result is subject to the official rapid report.

BTC Fear & Greed Index Falls to Sub-30 as BTC Returns to Below $17,000

Daniel Rogers

Nov 09, 2022 17:42

 截屏2022-11-09 下午5.29.52.png

 

On Tuesday, the price of bitcoin (BTC) fell to its lowest level since November 2020 before somewhat recovering to $18,559 by the end of the day. The news that FTX was experiencing liquidity issues, the eventual demise of FTT, and the Binance purchase announcement caused BTC to go below $19,000. The Bitcoin Fear & Greed Index decreased from 31/100 to 29/100, after BTC dropped below $17,000.

 

On Tuesday, bitcoin (BTC) fell by 9.95 percent. BTC concluded the day at $18,559, following a 1.54% fall on Monday. Notably, BTC's losing streak extended to three sessions as it fell below $17,000 for the first time since November 2020.

 

After a gloomy morning, Bitcoin reached a high of $20,712 in the late afternoon. BTC fell to a late low of $16,950 after failing to breach the First Major Resistance Level (R1) at $20,988. BTC went below the Major Support Levels for the day. BTC failed to move back through the Third Major Support Level (S3) at $19,380, despite a minor recovery to $18,559 at the conclusion of the day.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads beginning at 0 pips and commissions of $3.50 every 100k traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

The gloomy session was spurred by FTX vs. Binance news updates. However, market conditions deteriorated as a result of the announcement that FTX was suffering a liquidity crisis, sparking fears of contagion. While announcements of Binance's planned acquisition of FTX offered some solace, fears of contagion and the threat of more regulatory scrutiny pushed BTC further into the red.

 

In contrast, the NASDAQ Composite Index increased by 0.49 percent on Tuesday, as optimism surrounding the US midterm elections provided support. BTC will likely remain decoupled from the NASDAQ until the full amount of the damage is determined following the failure of FTX. The NASDAQ mini was up 15.5 points this morning.


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