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May 5th - According to foreign media citing four sources familiar with the matter, a proposed pipeline project to transport Canadian crude oil to the United States is nearing the minimum commitments required by oil companies, thus paving the way for the projects progress. The project is a pipeline extending from Alberta, Canada to Wyoming, USA. If successfully implemented, it is expected to increase Canadian crude oil exports to the United States by more than 12%, providing Canada with much-needed pipeline transportation capacity. President Trump signed an executive order last Thursday authorizing the cross-border project. According to the four sources, oil companies have already committed to transporting at least 400,000 barrels per day via the pipeline, approximately 72% of their initial capacity of 550,000 barrels per day. According to regulatory filings submitted by Bridger, the projects final capacity can be expanded to 1.13 million barrels per day.Japanese Prime Minister Sanae Takaichi: I am deeply concerned about the attacks suffered by the United Arab Emirates.Sources revealed that major oil companies have committed to transporting at least 400,000 barrels per day of crude oil, representing about 72% of the pipelines initial capacity of 550,000 barrels per day.Sources revealed that the proposed South Bow-Bridger oil pipeline project, which runs from Canada to the United States, is close to securing the minimum commercial throughput required to begin construction.On May 5th, European Commission President Ursula von der Leyen responded to US President Donald Trumps recent threat of tariffs on automobiles, stating that the US cannot unilaterally raise tariffs and the EU is prepared for "all scenarios." On May 1st, Trump posted on social media that the US would raise tariffs on EU cars imported into the US because the EU had not complied with its bilateral trade agreement. Trump said tariffs on EU cars would increase to 25%. He added that cars manufactured in the US would not be subject to tariffs. In response, a European Commission spokesperson stated that the EU would "reserve all options" and assess possible follow-up measures. The spokesperson also stated that the EU is implementing the relevant trade agreement according to normal legislative procedures and is continuously informing the US of its progress.

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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