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On January 13th, Zhou Haibing, Vice Chairman of the National Development and Reform Commission (NDRC), stated at a regular press conference that it is necessary to clarify the boundaries of responsibility between the government and enterprises, adhere to the principle of "whoever pollutes, cleans up," and prevent situations where "enterprises make money but leave behind pollution," making the government and the public pay the price. Going forward, the NDRC will work with relevant departments to improve supporting systems, issue management measures for the comprehensive utilization of power batteries for new energy vehicles, revise the guidance catalog for industrial restructuring, and intensify restrictions and elimination of outdated technologies and equipment.On January 13, Zhou Haibing, Vice Chairman of the National Development and Reform Commission (NDRC), stated that this year the NDRC will lead the formulation of the 15th Five-Year Plan for the Development of the Circular Economy, clarify the development goals and tasks for the circular economy in key areas, deploy key measures for the recycling and utilization of traditional renewable resources, rare and precious metals, and "new three types" of solid waste, improve the guarantee system, further improve resource utilization efficiency, strengthen resource security, support green and low-carbon transformation, and promote new achievements in the high-quality development of the circular economy.On January 13th, the Ministry of Civil Affairs held a special press conference. Jiang Wei, Deputy Director of the Trademark Application and Promotion Department of the State Intellectual Property Office, stated that the office will strengthen guidance and services for trademark use, continuously regulate irregular trademark use such as "brand imitation," strengthen trademark and brand protection, and support elderly care service operators in cultivating trademark brands for elderly care services. Going forward, the State Intellectual Property Office will further strengthen communication and cooperation with the Ministry of Civil Affairs to fully support the implementation of the "Several Measures on Cultivating Elderly Care Service Operators and Promoting the Development of the Silver Economy," vigorously promote the in-depth implementation of trademark and brand strategies by elderly care service operators, leverage the leading role of trademarks and brands, cultivate more well-known trademark brands supported by technology, quality, and reputation, increase publicity and promotion of elderly care service brand image, and enhance the social benefits and market value of elderly care services.On January 13th, Alibaba Cloud announced the completion of a further strategic investment in ZStack, achieving a controlling stake. According to reports, the two companies will leverage the "Apsara + ZStack" full-stack ecosystem to create an integrated cloud-edge solution.On January 13th, the Ministry of Civil Affairs held a special press conference. Li Qiang, Deputy Director of the Consumer Goods Department of the Ministry of Industry and Information Technology, stated that the Ministry will focus on key areas such as elderly care service robots, with manufacturers and downstream application companies jointly conducting research on core technologies and product development. The focus will be on promoting the large-scale application of humanoid robots, health monitoring equipment, and rehabilitation assistive devices in homes, communities, and elderly care institutions. The Ministry will also implement a high-end medical equipment promotion and application project, supporting clinical trials, technological iterations, and market promotion of products such as cochlear implants and rehabilitation training systems, enabling more elderly people to benefit from high-end medical equipment and share the dividends of modern technological innovation.

Despite Bearish BTC Session, BTC Fear & Greed Index Avoids Sub-30

Daniel Rogers

Nov 08, 2022 16:18

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Bitcoin (BTC) declined by 1.54% on Monday to end the day below $21,000 for the second consecutive session. BTC and the broader market dissociated from the NASDAQ Composite Index, as crypto investors await the US CPI report this week. The Bitcoin Fear & Greed Index decreased from 33/100 to 31/100 as the bearish BTC session weighed on the index.

 

Bitcoin (BTC) decreased by 1.54% on Monday. Sunday's closing BTC price was $20,609, following a 1.79% fall. Notably, Bitcoin closed the day for the second consecutive session below $21,000.

 

BTC reached a day's early high of $21,083 despite a shaky start. BTC reached a late-day low of $20,421 after failing to surpass the First Major Resistance Level (R1) at $21,240. Before partially recovering to $20,609, BTC fell through the First Major Support Level (S1) at $20,762 and the Second Major Support Level (S2) at $20,592.

 

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.

 

A lackluster economic calendar in the United States hindered BTC. This week, US inflation, retail sales, and consumer sentiment data will impact market sentiment towards the US economy and a December Fed turn.

 

However, the NASDAQ Composite Index increased by 0.85% on Monday, as optimism surrounding the US midterm elections provided support. Later today, the US economic calendar will feature another day of inactivity, leaving investors in suspense as the attention remains on the midterm elections. The NASDAQ mini was up 15.5 points this morning.

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