We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

  • TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
  • TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
  • TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood
We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details
This website does not provide services to residents of United States.
Market News BTC Fear & Greed Index Signals a Bullish Session Despite FTX Jitters

BTC Fear & Greed Index Signals a Bullish Session Despite FTX Jitters

After a rough session on Wednesday, BTC could have another one today, with investor focus on US statistics and Sam Bankman-Fried.

Lorna Divakar
2022-12-22
326

Bitcoin (BTC) decreased by 0.47% on Wednesday. BTC finished the day at $16,845, somewhat retracing a Tuesday rise of 2.90%. It is noteworthy that BTC missed $17,000 for the fourth time in five sessions.


BTC increased to a low of $16,934 in the morning after a mixed start to the day. BTC, however, failed to surpass the First Major Resistance Level (R1) at $17,189 and dropped to a low of $16,750 in the early afternoon. In order to close the session's loss, BTC found late support while avoiding the First Major Support Level (S1) at $16,536.

Sam Bankman-Fried and FTX Swamp the Headlines to Test Attitude

Investors were more cautious on Wednesday after the positive trading session on Tuesday. Concerns were raised after hearing about the extradition of SBF to the US, and US politicians are expected to look more closely at the world of digital assets. Also anticipated is a legislative investigation on the connection between FTX and Binance.


Investor morale suffered last week as a result of reports that US authorities intended to pursue Binance with financial crimes. Last week, a hearing was convened by the Senate Banking Committee to talk about the downfall of FTX. Concerns were expressed by lawmakers over Binance's hegemony in the world of digital assets.


SBF testimony can bring Binance back into the limelight and draw more attention from lawmakers.

As attention shifted away from US economic data and business profits, the BTC decoupled from the NASDAQ Index. On Wednesday, the NASDAQ Index increased by 1.54% thanks to stronger-than-anticipated consumer confidence data and encouraging corporate results. FedEx (FDX) and Nike's (NKE) quarterly results provided encouragement.


Today's focus will be on FTX updates, with attention likely focused on US economic statistics. The weekly unemployment claims might change the course of events, barring an adjustment to the Q3 GDP figures. This morning, the NASDAQ mini was up 32.75 points, giving early support.

Previous
Next

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free