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On June 22, it was reported that the Ministry of Finance, together with the Ministry of Agriculture and Rural Affairs, recently allocated 219 million yuan in agricultural production disaster prevention and relief funds to support seven provinces, including Inner Mongolia, Hubei, Hunan, Guangdong, Chongqing, Guizhou, and Yunnan, in carrying out agricultural production disaster relief work. The funds will focus on providing appropriate subsidies for disaster relief measures such as crop replanting, repair of flood-damaged agricultural facilities, dredging and drainage of farmland, and emergency drying of summer grain. The aim is to fully support disaster-stricken areas in coping with the impact of floods, hail, and other disasters, accelerate the recovery of agricultural production, reduce agricultural losses, and help solidify the foundation for a bumper grain harvest.On June 22, US Vice President Vance addressed the nation from Switzerland. He stated that negotiations with Iran were progressing very smoothly and had yielded many positive developments. Technical discussions will continue, and he will soon return to the United States. The technical team still has much work to do, and technical negotiations will continue in the coming weeks and days. Vance noted that Iran has agreed to invite IAEA inspectors for a return visit, and the inspectors may begin work this week, as early as today. He may also have discussions with nuclear observers today. He emphasized that President Trump will respond when Iran makes false statements. Regarding the regional situation, Vance stated that a de-escalation mechanism has been established for Lebanon, hoping that Hezbollah will stop firing on Israel. This mechanism aims to curb the conflict in Lebanon while ensuring proper coordination and respect for Lebanese sovereignty. Furthermore, Vance stated that a mechanism has been established to keep the Strait of Hormuz open, which is currently open. He said he hopes to achieve a regional ceasefire and ensure Israels security, while believing that a very good foundation has been laid for a successful final agreement.June 22 - U.S. Vice President Vance said on the 22nd that the negotiations between the United States and Iran in Switzerland have made a lot of good progress, laying a very good foundation for reaching a final agreement. Iran has agreed to invite IAEA inspectors to visit Iran again.Note: Vice President Vances speech has ended.US Vice President Vance: American farmers will be richer if Iranian assets are unfrozen.

An ETH Return to $1,350 Would Signal a Breakout Afternoon Session

Lorna Divakar

Sep 27, 2022 16:19

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Bitcoin (BTC) decreased by 0.62% on Sunday. BTC lost 1.89% on Saturday before dropping 3.10% at the end of the week to $18,817.


BTC reached a morning high of $19,188 after a positive start to the day. BTC fell to a late low of $18,646 after failing to pass the First Major Resistance Level (R1) at $19,226. At $18,733, BTC breached the First Major Support Level (S1) before closing the week at $18,817.


On Sunday, Ethereum (ETH) fell by 1.67%. ETH lost 0.75% on Saturday before falling 3.00% for the week to $1,295.


After a bullish morning, ETH increased to a high of $1,337 before going back down. As ETH fell to a late low of $1,269, it fell short of the First Major Resistance Level (R1) at $1,342.


Prior to a partial rebound to $1,295 in price, ETH breached the First Major Support Level (S1) at $1,299 and the Second Major Support Level (S2) at $1,281.


After breaking away from the NASDAQ 100 on Thursday and Friday, investor worries over the weekend led to the market's decline in BTC, ETH, and overall. The expectation of a successful decision in the SEC v. Ripple (XRP) case did not act as a buffer.


The Fed's monetary policy, the economic outlook, and regulatory uncertainty all continue to be obstacles.


The crypto market cap increased by $1.11 billion, or 0.12%, to $887 billion this morning, while the NASDAQ 100 Mini was down 57.75 points.