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March 21 - As of 2:30 PM closing, the Shanghai Gold futures contract fell 1.22% to 1016 yuan/gram, the Shanghai Silver futures contract fell 1.77% to 17139 yuan/kilogram, and the SC Crude Oil futures contract rose 3.40% to 803 yuan/barrel.U.S. stocks continued their decline, with the benchmark index falling to an intraday low. The S&P 500 was last down 1.39%. On the news front, the U.S. is preparing for a possible deployment of ground troops to Iran.ECB Governing Council member Nagel: The ECB must take action when the second round of inflationary effects emerge.ECB Governing Council member Nagel: The higher the inflation and the longer the expectation remains above the target level, the greater the risk of a second round of effects.March 21 – According to CBS News, multiple sources briefed on the matter revealed that U.S. Department of Defense officials have made detailed preparations for the deployment of U.S. ground troops to Iran. Sources said that as Trump weighs options in a U.S.-Israeli-led conflict with Iran, senior military commanders have submitted specific requests to prepare for such options. Sources indicated that Trump has been considering deploying ground troops in the region. It remains unclear under what circumstances he would authorize the use of ground troops. When asked about ground troops in the Oval Office on Thursday, he told reporters, “No, I’m not going to deploy troops anywhere,” but added, “If I were to deploy them, I certainly wouldn’t tell you.” Two sources said the military has also held meetings to prepare for how to handle any Iranian soldiers and paramilitary personnel potentially detained during the operation should Trump decide to send U.S. ground troops, including where these Iranians would be sent.

Bitcoin falls below $19,000 as cryptos creak under rate hike risk

Skylar Shaw

Sep 20, 2022 14:27

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On Monday, cryptocurrency prices hit new lows as a result of regulatory worries and a general investor reluctance to engage in risky assets due to impending interest rate increases.


By market value, Bitcoin, the most valuable cryptocurrency, dropped almost 5% to a three-month low of $18,387.


The second-largest cryptocurrency, ethereum, lost 3% to a two-month low of $1,285 and had lost more than 10% in the previous day. The majority of the smaller tokens had larger losses.


Over the weekend, a significant update to the Ethereum blockchain—which supports the ether token—called the Merge changed how transactions are handled and reduced energy consumption.


The value of the token has decreased amid rumors that comments made last week by Gary Gensler, chairman of the U.S. Securities and Exchange Commission, suggested the new structure would draw further regulation. The upgrades' surrounding trades were likewise unwound.


The regulatory outlook is guesswork, according to Matthew Dibb, COO of Singapore's Stack Funds cryptocurrency platform.


Since the Merge, the markets have shed a lot of their excitement, he said. Given the uneasy global background, he said, "It's truly been a sell-the-news sort of event," and predicted that ether will test $950 in the near future.


"From a basic and technological standpoint, the current situation does not appear promising. There isn't a clear quick positive trigger that will support these markets and inject a ton of fresh cash and liquidity, in our opinion.