If alcohol detection systems (ADS) start being implemented in cars, numerous lives could be saved each year. The Insurance Institute for Highway Safety (IIHS) conducted research and found that more than 9,000 lives per year could be saved if alcohol detection technology is placed in all cars.
More than 10,000 people each year are killed in crashes involving drunk drivers. The study the IIHS conducted shows an important way to prevent these road deaths. William Wallace, Consumer Reports’ manager of safety policy, is urging Congress to direct the National Highway Traffic Safety Administration (NHTSA) to require newly manufactured cars to have drunk driving prevention technology.
The DADSS Program
The proposed technology, Driver Alcohol Detection System for Safety (DADSS), has the potential to decrease the number of deaths caused by drunk driving. It works similarly to an ignition interlock device in that it is designed to automatically detect when a driver has a blood-alcohol concentration (BAC) at or above 0.08% (the legal limit in all states except Utah) and prevent the car from moving. However, DADSS can detect the driver’s blood alcohol concentration (BAC) through normal breathing; it differs from ignition interlock devices in that the driver does not have to blow into a sensor. DADSS can distinguish the driver from other passengers based on proximity, so a designated driver could drive inebriated passengers without affecting the DADSS sensor.
The sensor would be seamlessly integrated into cars so that a driver should not be able to notice the technology unless their BAC is above the legal limit. Once the DADSS program meets performance standards it can then be offered as a safety option in new vehicles.
Future of Curbing Drunk Driving
Within 12 years, if manufacturers are required to start installing alcohol detection devices in all newly manufactured cars, about 4,600 lives are projected to be saved each year. The requirement of having newly manufactured cars be equipped with this technology is one of the best ways to start making the roads safer and free of drunk drivers.
Global Crypto Market Cap Threatens to Break Below Current 2022 Lows
The global cryptocurrency market capitalization topped during the first half of November 2021, and since then it has been on a one-way ride towards the downside. With the entire market currently trading at approximately 35% below all-time highs, many traders are now wondering whether the sellers are already exhausted, meaning that an upward shift is due in the near future, or whether the bear market still has room to go.
In such a challenging environment, trading or investing in crypto is tricky, making it difficult for traders/investors to time the market correctly, and spot key support/resistance areas on the chart. All of the variables that drove valuations higher between 2020-2021 (fiscal/monetary stimulus, weaker fiat currencies, and appetite for riskier assets) have reversed, leaving bulls stumbling for the exit.
Bitcoin weakens below $40k
Speaking of Bitcoin, the $38,000 area is regarded as key support, which might be one of the reasons why the price is still trading around it. The late-March 2022 rally failed to gather pace and now BTC finds itself trading close to the yearly lows.
Things are not looking encouraging, not just because Bitcoin lost 40% from its peak, but also based on the market share. During broad crypto selling, the BTC market dominance increased in past cycles. It doesn’t seem to be the case now, as the figure has stabilized around 42% since mid-2021. Investors want to keep a diversified exposure even during a downturn, and this is a clear signal that Bitcoin’s safe-haven status is weakening.
Major altcoins not showing signs of strength
Anyone who is just beginning to learn how to trade cryptocurrencies should know that this is an environment where caution is advised. Bitcoin aside, things are not looking very good for the altcoins sector as well. Based on the opening price at the beginning of 2022, Ethereum is down 24%, Binance Coin -26% and other tokens such as Solana are posting losses above 50%.
There this might not be the time for buy and hold, considering that valuations might be even more attractive in the future. It is possible, however, to take advantage of what retail brokerages are offering in terms of crypto trading benefits. With derivatives based on cryptocurrencies, short-selling is a viable option, making it possible to take advantage of bearish conditions.
Inflation and broad risk appetite
Rising inflation around the world set a chain of events in motion, and these events are clearly not in favor of crypto bulls. Central banks are forced to step in and normalize monetary policies in developed countries, for price increases to diminish towards their target of around 2%.
Additionally, fiscal spending is taking a few steps back, as governments need to pay higher interest on new debt or refinancing operations. During a time of rising prices, private and institutional investors need to make concessions and prioritize spending.
In such an environment, the interest in volatile assets such as crypto is very low, which explains the lack of momentum. For the time being, global capitalization is trading around $1.72 trillion and threatens to break below the 2022 low of $1.64 trillion. Until the global economy receives a new round of stimulus, there appears to be little hope for a strong bounce back to a bull run.
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