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Federal Reserve Governor Barr: Given high oil prices, war increases the risk.Federal Reserve Governor Barr: Evidence of a decline in inflation is needed before cutting interest rates.Federal Reserve Governor Barr will speak on the economic outlook and community development in ten minutes.On March 25, the US government, through Pakistan, presented Iran with a 15-condition proposal to end the conflict, covering its nuclear program, missile capabilities, and regional issues. The main US demands reportedly include: dismantling existing nuclear capabilities, a commitment not to develop nuclear weapons, a ban on uranium enrichment on its territory, the transfer of approximately 60% of its highly enriched uranium stockpile, the dismantling of nuclear facilities in Natanz, Isfahan, and Fordow, and allowing full inspections by the International Atomic Energy Agency (IAEA). The US also demands that Iran cease supporting regional allies armed groups, prohibit providing them with funding, command, and weapons support, limit the scale and range of its ballistic missile program to defensive purposes only, and ensure the Strait of Hormuz remains open. In exchange, Iran may receive full lifting of international sanctions, US support for its civilian nuclear program, and the cancellation of the "snapback" sanctions mechanism. It is understood that the US is considering a one-month ceasefire to allow for further negotiations on these terms. This proposal was spearheaded by Trump advisors including Jared Kushner and Steve Witkov. According to Israeli sources on the 24th, the United States intends to propose a one-month ceasefire in order to discuss a 15-point agreement with Iran aimed at ending the war.Goldman Sachs: Taking into account both supply and demand factors, it now expects the global aluminum market to experience a supply surplus of 550,000 tons in 2026 (with a shortage in the first half of 2026), compared to a previous forecast of an 800,000-ton surplus.

The Bogged-down Crypto Market

Cory Russell

Oct 08, 2022 14:09

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The market remained inside the range that has been in place since the second half of September once again as a result of the 50-day moving average in BTCUSD acting as local resistance.


At the time of writing, Bitcoin was trading slightly under $20K, down 1.9% over the previous day.


Investors in the cryptocurrency market have been deterred from purchasing as a result of a rapid rise in stock markets that has slowed down in recent days due to uncertainty. The market's capitalization dropped 1.6% over night to $956.

News context

We've lately seen some stability in the bitcoin market, according to Sam Bankman-Fried, CEO of the cryptocurrency exchange FTX. But when the Fed's monetary policy becomes more restrictive, it has an impact on all assets, leading cryptocurrencies as well as fiat money and stock indices to change.


Hoarders have amassed a record 13.7 million coins, or 71.5% of the whole BTC supply, according to Ark Invest, purchasing the cryptocurrency that has been falling since the spring. Additionally, vendors have almost reached the limits of their ability to sell.


Due to a higher dollar last week, the connection between bitcoin and gold hit its highest point in more than a year, according to Kaiko. Despite a Fed rate rise, gold and bitcoin failed to exert their role as haven assets.


The huge centralized and regulated Binance and Coinbase will be the main targets of the EU's ban on Russian cryptocurrency wallets, which may increase demand in smaller exchanges with laxer KYC but generally increase the danger of more active cryptocurrency sales.

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