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The chart shows that at 23:00 Beijing time on February 12, there will be large foreign exchange options contracts for EUR/USD, USD/JPY, etc. One contract has a strike price of over 1 billion. Please manage your risk accordingly.February 12 – On February 12, Foreign Ministry Spokesperson Lin Jian hosted a regular press conference. An AFP reporter asked about Lai Ching-tes remarks. Lin Jian stated that Lai Ching-tes remarks once again exposed his stubborn "Taiwan independence" nature, fully proving that he is a peace disruptor, crisis instigator, and war instigator, and fully demonstrating that "Taiwan independence" is the root cause of instability and chaos in the Taiwan Strait. Lin Jian pointed out that no matter what Lai Ching-te says or does, it cannot change the historical and legal fact that Taiwan is part of Chinas territory, cannot shake the international communitys adherence to the one-China principle, and cannot stop the historical trend of Chinas eventual reunification. Seeking "independence" through external forces and resisting reunification by force is like an ant trying to shake a tree—doomed to failure!ECB Governing Council member Villeroy: Frances first-quarter economic growth is expected to be in line with the projected 1% annual growth rate for 2026.February 12 - Today, the Taiyuan Satellite Launch Center in my country successfully launched seven satellites into space using a Jielong-3 carrier rocket from the sea area near Yangjiang, Guangdong. These satellites include the Pakistan PRSC-EO2 satellite, the CUHK-1 satellite, the Power Infrared Satellite A, the Shutianyuxing 03-05 satellites, and a space environment monitoring satellite. All satellites successfully entered their predetermined orbits, marking a complete success for the launch mission.A market director at Mizuho Bank said the Bank of Japan will adjust its monetary policy based on economic growth and other improvements.

Crypto Prices Slump Over the Weekend

Skylar Shaw

May 09, 2022 09:59

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The Bitcoin market dropped over the weekend, matching the stock market's decline.


According to CoinDesk pricing, the world's biggest cryptocurrency, bitcoin, plummeted to $34,656 on Sunday afternoon, down 3.9 percent from Friday evening. Bitcoin fell below $34,000 earlier this afternoon, about half of its all-time high of $67,802 set in November.


Ethereum, the second-largest cryptocurrency, was trading at about $2,565 on Sunday afternoon, down 5.1 percent from Friday at 5 p.m. EDT.


Bitcoin and other cryptocurrencies are notorious for their wild price volatility. 


For years, individual investors dominated the market, but institutional investors, such as hedge funds and money managers, have begun to take control.


The market has become more aligned with regular markets as more professional investors trade crypto. Many institutional investors that acquire cryptocurrencies see them as high-risk investments, akin to equities in the technology sector. During periods of market turmoil, investors prefer to flee to safer areas.


Last week, the stock market fell the day after the Federal Reserve issued a half-point rate hike, the largest since 2000, to combat inflation. Additional rate hikes are possible this summer, according to Fed Chairman Jerome Powell. 


Some of the central bank's $9 trillion asset portfolio is also being unwound.


The Nasdaq Composite, which is heavily weighted in technology, fell to a 52-week low of 12144.66 on Friday. It is down 22% so far this year.


For most of 2022, cryptocurrency prices remained flat as investors braced for higher interest rates. According to CoinMarketCap, the crypto market was busy over the weekend, with $112 billion in market volume in a 24-hour period. The total value of the cryptocurrency market is currently $1.59 trillion.

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