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The Iraqi Kurdistan Regional Government stated that there is currently no oil available for export due to attacks on energy facilities by illegal militia groups.The Iraqi Kurdistan Regional Government: The Iraqi Ministry of Oil accused the Kurdistan region of "misleading public opinion."Authorities in the Iraqi Kurdistan region issued a statement in response to accusations by the Iraqi government that it was blocking crude oil pipelines from being transported through the region.On March 15th, the International Energy Agency (IEA) issued a statement after receiving implementation plans from member countries. The agency stated that the record-breaking oil release from reserves will be immediately deployed in Asia as Asian buyers rush to fill supply gaps disrupted by the Middle East conflict. Oil destined for Europe and the Americas will not be released until the end of March. Last week, the IEA stated that the global oil market is facing its worst supply disruption in history due to the Middle East conflict effectively blocking the crucial Strait of Hormuz. Asian buyers are most reliant on oil supplies from the Middle East, making the speed of reserve releases particularly critical for the region. IEA Executive Director Fatih Birol stated on the X platform: “This will release an unprecedented amount of additional oil into the market starting March 16th. However, opening the Strait of Hormuz is crucial for restoring stable oil flows.” Globally, approximately 72% of the currently committed oil release is crude oil, and 28% is petroleum products. The committed release volumes from various countries are shown in the figure below.On March 15, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, met with Le Hoai Trung, member of the Political Bureau of the Communist Party of Vietnam Central Committee and Foreign Minister, in Hanoi. Wang Yi stated that both China and Vietnam are important emerging economies, and their development and revitalization represent the direction of human progress and will provide valuable lessons and new paths for developing countries. China is willing to work with Vietnam to focus on the overall goal of "six more" (more people, more opportunities, more opportunities, more opportunities), strengthen high-level exchanges, deepen pragmatic cooperation, promote people-to-people exchanges, enhance multilateral cooperation, properly handle maritime issues, and support each other in hosting APEC in the next two years to further advance the building of the Asia-Pacific Community.

Crypto Market Daily Highlights – XRP Bucks the Top Ten Trend

Cory Russell

Sep 26, 2022 14:31

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The crypto top 10 had a choppy Sunday session. SOL and DOGE led the way down, but XRP defied the top ten trend. BTC missed the $20,000 mark for the sixth session in a row and finished the day below $19,000 for the fourth time this week.


There were no cryptocurrency news headlines to affect the mood of investors on Sunday. The cryptocurrency market broke away from the NASDAQ 100 on Thursday and Friday, surging for two straight days. A gloomy weekend, however, persisted as investor resiliency was put to the test by concerns about Fed monetary policy and the future for the economy.


However, the NASDAQ 100 Mini fell 34 points this morning, while the market capitalization of cryptocurrencies increased by $1.12 billion (0.13%).

Crypto Market Declines for a Second Week in a Row to Under $900 billion

The crypto market value on Sunday increased to a peak of $908.1 billion in the middle of the afternoon before falling to a low of $875.9 billion. The crypto market cap fell by $7.6 billion to $885.9 billion for the day despite a late partial comeback.


The crypto market worth decreased by $9.51 billion throughout the course of the week, bringing September's market cap to a $72 billion loss.

The Top Ten and Beyond Crypto Market Movers and Shakers

The crypto top 10 had a choppy Sunday session.


XRP defied the trend among the top 10, increasing by 0.50%. For the remaining top ten, it was a bearish session, nevertheless.


DOGE and SOL led the way down, falling 3.09% and 3.16%, respectively.


BTC (-0.62%), BNB (-0.18%), ADA (-1.11%), and ETH (-1.72%) also saw declines.


It was a mixed session for the top 100 coins on CoinMarketCap.


With a gain of 5.59%, ApeCoin (APE) took the lead, followed by Chainlink (LINK) and Maker (MKR), which each saw gains of 3.21% and 4.59%.


Ravencoin (RVN), however, dropped by 7.10% to take the lead in the downward trend, followed by Terra Classic (LUNC) and Lido DAO (LDO), which all suffered losses of 6.34%.


In a bearish session, 24-Hour Crypto Liquidations eked out a little gain.


Despite the crypto market declining for a second straight session, overall liquidations increased over the course of a day on Sunday but remained modest.


The 24-hour liquidations total was $74.63 million at the time of writing, up from $63.12 million on Sunday morning.


Liquidated traders have surged during the last 24 hours as well. As of the time of writing, there were 34,027 liquidated traders as opposed to 27,917 on Sunday morning.


Additionally, liquidations were up over the previous four hours but down over the previous hour and 12 hours.


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