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A fire has broken out at an oil refinery in Russias Bashkortostan and firefighting is underway, with the production site suffering minor damage, the regional governor said.British retailer Sainsburys confirmed it is in discussions to sell its Argos subsidiary to JD.com (JD.O).The Cyberspace Administration of China is soliciting public opinions on the "Regulations on Promoting and Standardizing the Application of Electronic Documents (Draft for Comments)".On September 13th, Trump released a letter to all NATO nations and the world. He stated, "I am ready to impose significant sanctions on Russia when all NATO nations agree and begin taking the same actions, and all NATO nations stop buying Russian oil." As you know, NATOs commitment to "winning this war" is far from 100%, yet some countries are still buying Russian oil, which is truly shocking! This significantly weakens their negotiating position and leverage with Russia. This is not Trumps war (if I were president, this war would never have happened!), but Biden and Zelenskys war. My sole purpose is to help end this war and save tens of thousands of Russian and Ukrainian lives. If NATO does what I say, this war will end quickly, and all these lives will be saved!On September 13, Russian Permanent Representative to the United Nations Vasily Nebenzya revealed on the 12th that Poland acknowledged that a drone that recently entered Polish airspace may have originated from Ukrainian territory, stating that it was no secret that Ukraine "has been attempting to expand the geographical scope of the Russia-Ukraine conflict." This statement further complicates the Polish version of the Russian drones entry into Polish airspace. Several European and American experts, scholars, and politicians speculated that there may be a hidden story behind this incident.

BTC Fear & Greed Index Maintains Stability Despite Bitcoin's Return to $16,000

Alina Haynes

Nov 23, 2022 15:16

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Bitcoin (BTC) increased by 2.87 percent on Tuesday, snapping a two-day losing run. The risk of FTX contagion diminished as news updates on FTX assets permeated the crypto news wires. Despite Tuesday's market increase, the Fear & Greed Index remained unchanged at 22/100, with contagion risk remaining a constant concern.

 

Bitcoin (BTC) climbed by 2.87% on Tuesday. BTC closed the day at $16,215, partially correcting Monday's 3.15% decline. Notably, Bitcoin dipped below $16,000 for the second session in a row.

 

BTC fell to a midmorning low of $15,616 after a mixed start to the day. BTC reached a high of $16,294 in early afternoon trading, avoiding the First Major Support Level (S1) around $15,400. BTC surpassed the First Major Resistance Level (R1) at $16,218 before retracing its gains to below $16,050. BTC retested R1 after finding late support, before retreating.

 

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 as low as 0 pips and a commission rate of $3.50 per 100,000 USD 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 prospect of FTX contagion continued to dampen investor sentiment on Tuesday after Genesis issued a bankruptcy notice.

 

Nonetheless, market conditions improved by late morning. FTX's $1.24 billion in cash reserves and news of Tron CEO Justin Sun and Ripple CEO Brad Garlinghouse eyeing FTX assets alleviated investor anxiety.

 

The cash reserves and asset sales should mitigate the losses of the top 50 creditors, who are exposed to FTX by $3.1 billion.

 

Nonetheless, notwithstanding the announcement, FTX contagion continues to pose a persistent risk to the broader market. Tuesday, the judge overseeing the FTX bankruptcy proceedings authorized the redaction of client names. The omission may leave investors confused about potential FTX-linked platforms that may have liquidity concerns.

 

On Tuesday, the NASDAQ Composite Index also found support. Demand for risky assets increased as fears of a holiday spending slump subsided. The NASDAQ gained 1.36 percent. This morning, though, the NASDAQ mini was down 23.5 points.

 

Later on today, the US Jobless claims, private sector PMIs, consumer sentiment, core durable goods, and FOMC meeting minutes will garner attention. The statistics and minutes will provide guidance for the cryptocurrency market.

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