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UN Secretary-General António Guterres strongly condemns Saturdays attack on the UN Interim Force in Lebanon, which resulted in the death of a French peacekeeper and injuries to three others.On April 19th, Iranian Parliament Speaker Mohammad Ghalibaf posted on social media, stating, "In the third war imposed upon us, we have undoubtedly surpassed our past capabilities in offensive strategy and design, a fact already proven on the battlefield." Ghalibaf claimed that Iran shot down approximately 180 drones, a capability it lacked previously. The downing of the F-35 was not accidental, but rather a comprehensive operation at the technological and design levels, from which the enemy has recognized Irans capabilities and direction. He emphasized that Iran is not militarily stronger than the United States, which possesses more resources, equipment, and experience, and Israel, as its proxy, is also very powerful. However, Iran successfully repelled its enemies through asymmetric warfare design and preparation. While the enemy has money and resources, it has repeatedly made mistakes in strategic decision-making and military design. Ghalibaf also criticized the US government for claiming "America First," but in reality prioritizing Israel and making decisions based on false information from Israel.April 19 – Asian Development Bank President Masato Kanda stated that the yen could face further pressure if the market perceives the Bank of Japan as too slow to address inflation risks. Kanda, a former top foreign exchange diplomat for Japan, told reporters Friday evening that investors are buying dollars during periods of global tension, partly because the US is an oil exporter, but even if these positions are unwound, the yen is unlikely to appreciate significantly against the dollar. He said, “The biggest reason is the interest rate differential. With the market particularly focused on potential actions by the Federal Reserve, if many believe the Bank of Japan will lag behind the curve in addressing inflation risks, the yen will be left behind.” Speaking in Washington this week at meetings of the International Monetary Fund and the World Bank Group, Kanda added that investors might also sell yen if they are concerned about Japan’s fiscal sustainability.The China Earthquake Networks Center officially reported that a magnitude 3.4 earthquake occurred at 05:27 on April 19 in Ando County, Nagqu City, Tibet (32.62 degrees north latitude, 90.36 degrees east longitude), with a focal depth of 10 kilometers.U.S. State Department: All parties agreed to facilitate the free movement of humanitarian personnel, assets, and humanitarian convoys.

Investors May Turn From Crypto on Fed Interest Hike Hopes

Cory Russell

Apr 20, 2022 09:51


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  • This year, the Fed may raise its rate objective to as high as 3.5 percent.

  • According to economists, being overly proactive might lead to a lengthier slump.

  • This month, crypto markets have lost more than 12% of their value.


Cryptocurrencies may have an issue with interest rates; as soon as they start to rise, trade volumes drop and markets plummet.


As the Federal Reserve of the United States increases interest rates, as it did last month, investors may be drawn to riskier assets. The Federal Reserve hiked interest rates from 0.25 percent to 0.5 percent in March, which is still a small increase but the first in almost three years.


President of the Federal Reserve Bank, James Bullard, has said that the central bank must work quickly in order to attain a rate of roughly 3.5 percent this year. According to April 18 estimates, this may be accomplished with successive half-point increments and even 75-point rises. At the Fed's meeting in early May, Fed Chair Jerome Powell stated a 50-basis-point hike may be considered.

Defending Against Inflation

Central banks throughout the globe are stepping up their anti-inflation efforts, but many are expecting a lengthy and drawn-out war. Inflation in the United States is at a four-decade high of 8.5 percent, driving investors into safe-haven commodities like gold and Bitcoin (BTC).


Investor appetite for crypto assets looks to be decreasing as the interest rate recovery continues. Higher borrowing rates may also have an effect on people who are using leverage to invest in bitcoin.


On the other side, economist Mohamed El-Erian told CNBC on Monday that if the Fed raises its interest rate objective, gold and Bitcoin prices would rise.


He went on to say that the Fed may be afraid that failing to meet its objective "may force this economy into a longer-term recession, not just a short-term recession."


When fiat currencies are weak, bitcoin and crypto assets are in high demand; however, this has not been the case lately.

Cryptocurrency Markets Are In Decline

Since the beginning of the month, the market capitalization of cryptocurrencies has dropped 12.3 percent. As a consequence, the space industry has lost roughly $300 billion.


The overall market capitalization is now just under $2 trillion, down 34% from its all-time high of just over $3 trillion in November.


Markets have gained a tiny 2% in the last 24 hours, but the overall trend in digital assets remains gloomy, and this trend might continue for the remainder of the year.

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