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Bitcoin (BTC) failed to break the so-called September curse, with its price falling by a little over 7% into the month despite a strong rebound rally right ahead of its close. Nonetheless, Bitcoin looks to be making a comeback in October, a month known for painting aggressive bullish reversals. Bybt data shows that Bitcoin has . . . → Read More: Bitcoin history repeating? 3 indicators suggest October will reignite the BTC bull market This “Crypto City” guide looks at Tokyo’s crypto culture, the city’s most notable projects and people, its financial infrastructure at which retailers accept crypto and where you can find blockchain education courses — and there’s even a short history with all the juicy details of famous controversies and collapses. Fast facts City: Tokyo Country: . . . → Read More: Crypto City: Guide to Tokyo The United States Securities and Exchange Commission has extended the deadline of four Bitcoin exchange-traded funds (ETF) on Friday for 45 days, citing the requirement for additional time to decide whether to accept the 19b-4 applications. The approval of four Bitcoin (BTC) ETFs — Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund, . . . → Read More: SEC extends four Bitcoin ETF deadlines by 45 days French stock market regulator, the Autorité des Marchés Financiers (AMF), continues monitoring the cryptocurrency market to warn investors about unauthorized crypto services. On Friday, AMF updated its web portals, identifying those that offer crypto and foreign exchange (forex) investments through unauthorized entities. The list included four websites related to cryptocurrency derivatives investments alongside 12 . . . → Read More: French regulator warns against unauthorized crypto platforms Bitcoin (BTC) was keen to retain $44,000 on Oct. 1 as the monthly close sparked a late show of strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC monthly close matches PlanB’s prediction Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it first returned to the $44,000 mark Thursday, then test lower levels . . . → Read More: Analyst nails Bitcoin monthly close 2 months running — His October target is $63K Australian Dollar, AUD/USD, COAL, CHINA, OPEC+ – Talking Points The Australian Dollar had some yield support early, but not enough China cracks the whip on their energy producers, adding to demand High commodity prices, positive yields, what will break AUD/USD? Overnight, US data was mostly in line with expectations. US GDP printed at . . . → Read More: Australian Dollar Grips on to Coal Train in Risk-Off Rout. Will AUD/USD Go Lower? New research by analytics platform DappRadar has revealed the extent to which decentralized finance (DeFi) and nonfungible token (NFT) markets have grown this year. In its Thursday “Value Flow Report,” DappRadar reported that recent trends have seen sizable growth in NFTs and blockchain gaming but that DeFi is also still generating substantial value. “Although . . . → Read More: Value locked in DeFi grows 936% in 1 year, NFT sector strengthens: DappRadar One of France’s leading banks has turned to decentralized finance pioneer MakerDAO to propose the submission of bond tokens as collateral for a loan of the DAI stablecoin. The historic proposal, called “Security Tokens Refinancing,” was submitted to Maker’s governance forums by the international bank on Friday. It would be the first major collaboration . . . → Read More: Société Générale proposes historic $20M DAI loan in exchange for bond tokens Gold, XAU/USD, Rate Bets, Treasury Market, Jobs Report – Talking Points Gold breaks multi-day losing streak after downbeat jobless claims Bullion looks ahead to next week’s non-farm payrolls report (NFP) XAU/USD upside cools after prices form a Falling Wedge pattern Gold prices broke a 3-day losing streak on Thursday and rose to a . . . → Read More: Gold Price Forecast: XAU Eyes FOMC Bets Ahead of PCE Data, Non-Farm Payrolls This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Well, it finally happened. The regulation-driven crypto-apocalypse in China. They started by clamping down on miners earlier this summer before finally tightening . . . → Read More: Shanghai Man: Looking deeper into China’s biggest ban yet Australian Dollar, AUD/USD, Treasury Yields, China, Energy – Talking Points Australian Dollar gains as USD weakens, potential coal export ban suspension Australian PMI data for September rises to 56.8 from 52.0 AUD/USD rises to recapture July trendline, bulls take aim at 26-day EMA Friday’s Asia-Pacific Forecast Asia-Pacific markets look set for a mixed . . . → Read More: AUD/USD Rises on Down US Dollar, Possible Recall of Chinese Ban on Australian Coal Last week China’s heavy-handed crackdown on crypto trading crypto briefly sent shockwaves across the market as Bitcoin and altcoin prices saw a sharp drop following the announcement, but as is the case with all things crypto-related, the market bounced back as resilient traders found other ways to participate in the market. Part of China’s . . . → Read More: DeFi and DEX volumes soar amid China’s crypto ban and ongoing US regulation Copper, Commodities, Inflation, China, Coal, Evergrande – Talking Points Copper futures close below 200-day moving average, $4.00 per pound eyed Evergrande & Chinese energy crunch continue to weigh on sentiment Demand may suffer as Chinese manufacturing data shows continuing weakness Advertisement Copper prices continue to buckle under pressure emanating from China, as power . . . → Read More: Copper Price Remains Under Pressure as China Fears Continue to Grow, Coal Prices Soar Bitcoin (BTC) has been trading in a descending pattern since the strong $53,000 rejection that occurred on Sept. 7, and the $3.4 billion futures contracts liquidation along with China’s ban on crypto trading appear to have severely impacted traders’ morale. Adding to the negative sentiment, major crypto exchanges like Binance and Huobi halted some . . . → Read More: Bears intend to pin Bitcoin price below $43K until Friday’s $700M expiry passes S&P 500, Nasdaq 100 Talking Points: Tomorrow marks the first day of Q4 trade with the October open. Both the S&P 500 and Nasdaq 100 put in bearish engulfing formations for September trade, with each finishing the quarter holding on to small gains. October can be a rough month for stocks from a seasonality . . . → Read More: S&P 500, Nasdaq Forecast: Equity Pullback Deepens to Close Q3 Crypto traders breathed a sigh of relief on Sept. 30 after media headlines reflected positive news regarding adoption and future regulation in the crypto sector. Early in the day, Visa announced that it has developed a layer-2-based blockchain interoperability hub that will support cryptocurrency payments and Federal Reserve chair Jerome Powell stated that the regulator . . . → Read More: Rari, Telos and Polymath rally as Bitcoin price hits $44K Ether (ETH) price has seen quite a bit of volatility lately and to the surprise of many traders, the $4,000 level continues to present considerable resistance. Currently, the price is respecting the upward channel, which started in August. But every time the support is tested, the risk of an aggressive correction increases. With that . . . → Read More: Ethereum bears look to score on Friday’s $340M weekly ETH options expiry Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman on “The Market Report” — which is live right now! Here’s what to expect in this week’s markets news breakdown: Next, trader Gareth Soloway joins the show to discuss the recent correlation between BTC and the stock market, . . . → Read More: BTC holds crucial support at $40K! | Watch The Market Report with Gareth Soloway An on-chain study released by Kraken Intelligence highlights strong accumulation behavior among Ethereum miners even as they faced the prospects of generating lower revenue following a major network upgrade on Aug. 5. Ethereum miners accumulated an additional 2 million Ether (ETH), worth $6.1 billion, after the so-called London hard fork’s activation. The latest bout . . . → Read More: Ethereum miners are hoarding a record $70B in ETH following EIP-1559 activation In a series of recent interviews and speeches, United States Securities and Exchange Commission Chairman Gary Gensler has called the cryptocurrencies market the “Wild West” due to its unregulated and allegedly fraud-filled atmosphere, predicting that the coins were doomed to fail. Powers On… is a monthly opinion column from Marc Powers, who . . . → Read More: Powers On… Don’t worry, Bitcoin’s adoption will not be stopped Axie Infinity, a play-to-earn nonfungible token (NFT) game based on the Ethereum blockchain, announced the launch of a staking program for its native token, Axie Infinity Shards (AXS). AXS holders can start staking their tokens, while the rewards will be activated in 24 hours to ensure all time zones could stake beforehand, according . . . → Read More: NFT trading game Axie Infinity launches AXS staking program Canadian Dollar, AUD/CAD, USD/JPY, China – Talking Points Canadian Dollar buoyed as oil prices consolidate high levels Markets pause going into quarter end as China issues continue Energy commodities have pushed AUD/CAD lower. Will it break? The Canadian Dollar has outperformed its Australian cousin of late, as energy markets added more value than . . . → Read More: Canadian Dollar Lifted Over Australian Peer as Energy Leads Metals, AUD/CAD Teetering. Selloff Ahead? Layer-two protocols have seen monumental growth this year, and in terms of active addresses, one such protocol has briefly surpassed the network for which it is a scaling solution. The number of daily active unique addresses on layer-two aggregator Polygon has surpassed those on the high-fee layer-one Ethereum according to Polygon co-founder Mihailo Bjelic. . . . → Read More: Polygon briefly overtakes Ethereum for active addresses after 330% surge Twitter has unveiled an in-development tool that will enable users to display a verified nonfungible token (NFT) as their profile picture. Mada Aflak, a senior software engineer at Twitter, shared a video demonstrating functionality that allows users to add NFTs to their accounts. Users can simply edit their profile, connect a cryptocurrency wallet, . . . → Read More: Bragging rights: Twitter previews verification badge for NFT profile pics GOLD, XAU/USD, US DOLLAR, TREASURY YIELDS – Talking Points Gold prices have returned to a closer relationship with Treasuries Broader US Dollar movement has held weight over gold on this move External factors are impacting XAU/USD.Will gold get to shine again? Gold prices have weakened over the last few sessions as the US . . . → Read More: Gold Price Outlook Looks to Treasury Yields as US Dollar Gains, Where To From Here? Australian Dollar, AUD/USD, Chinese PMIs, Energy Crisis – Talking Points Chinese Manufacturing PMI slips into contraction territory, service sector rebounds Chinese energy crisis, Evergrande fiasco may continue to weigh on economic activity AUD/USD rebounds, but prices have a long way to go before making up weekly losses The Australian Dollar remains slightly higher . . . → Read More: AUD/USD Rebound Intact After Mixed Chinese PMI Data, Downside Risks Remain New Zealand Dollar, NZD/USD, US Debt Ceiling, Chinese PMIs, NZ Building Permits – Talking Points New Zealand Dollar may see a volatile session with crowded economic docket Chinese economic data in focus as energy woes intensify on high coal prices NZD/USD eyes August lows, opening the door for a potential fresh 2021 low Thursday’s . . . → Read More: NZD/USD May Swing on China PMIs, ANZ Business Confidence, US Debt Ceiling Bitcoin faced another day of bearish pressure on Sept. 29 as the impact of China’s crypto crackdown and uncertainty about the regulatory landscape in the United States continue to weigh heavily on Bitcoin (BTC) and some of the larger-cap altcoins. Data from Cointelegraph Markets Pro and TradingView shows that the early morning rally above . . . → Read More: Traders identify $41K as Bitcoin’s key support to hold for the short-term Euro Stoxx 50, IBEX 35, ECB, Federal Reserve, Inflation – Talking Points Euro Stoxx 50 gains 0.53%, but finds resistance at a key pivot zone IBEX 35 shrugs off 4% increase in Spanish consumer prices, gains 1.25% US Treasury yields cool slightly, lifting sentiment across global markets Advertisement European equities rebounded on Wednesday . . . → Read More: Euro Stoxx 50 & IBEX 35 Partially Retrace Tuesday’s Losses, Eurozone Inflation Data Eyed Bitcoin (BTC) and Ether (ETH) are attempting to bounce off their critical support levels as bulls try to thwart attempts by the bears to deepen the correction. Tesla CEO Elon Musk said at the Code Conference in California recently that governments cannot “destroy crypto,” due to its decentralized nature but can “slow down its . . . → Read More: Price analysis 9/29: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, UNI High transaction costs have been a thorn in the side of investors and developers for more than a decade and the issue became worse in 2021 after the emergence of decentralized finance (DeFi) and nonfungible tokens (NFT) led to record-high levels of activity across the cryptocurrency ecosystem. Since the completion of Ethereum’s London hard . . . → Read More: Celer (CELR) gains 400% after traders embrace its multi-chain ‘cBridge 2.0’ solution “Sooner or later, ETH will outpace Bitcoin and become the global standard”, said Polygon co-founder Sandeep Nailwal in an exclusive interview with Cointelegraph. Nailwal believes that Ethereum will eventually become “the ultimate settlement layer” for the DeFi space. Polygon will play a major role in ensuring the long-term success of Ethereum through its . . . → Read More: Ethereum will replace Bitcoin as the leading crypto network, claims Polygon co-founder For years, the narrative surrounding Bitcoin (BTC) has been one which has portrayed the digital asset as being a hedge against monetary inflation. This is because inflation figures have been on the rise across the board over the last couple of years thanks in large part to governments printing copious amounts of their . . . → Read More: Bitcoin yet to prove inflation hedge status, but the time may come soon Bitcoin is long overdue for a “FOMO rally” to new all-time highs that could touch $200,000 or more, say one of its oldest investors. In an interview with Bloomberg on Sept. 29, Bobby Lee, former CEO of exchange BTCC, cast aside any suggestion that the price of Bitcoin (BTC) was in trouble. Lee: Bitcoin . . . → Read More: Bitcoin ‘FOMO rally’ long overdue that could see BTC price top $200K — Bobby Lee Cool Valley, Missouri, a small town of about 1,500 in the St. Louis County area, found itself the subject of international attention recently after its mayor, Jayson Stewart, announced that he planned to give each resident up to $1,000 in Bitcoin. Stewart, a passionate environmentalist who spent years cleaning up the world’s oceans and . . . → Read More: Cool green mayor giving a grand in Bitcoin to each resident The Euro, US Dollar, EUR/USD, Nikkei 225, Stagflation – Talking Points The Euro languishes as energy prices raise concerns APAC equities went lower as yields continue to rise Stagflation threatens global recovery. Where will EUR/USD go? The Euro continued to threaten lower levels today as equity market routs continued on from the US . . . → Read More: The Euro Melts Lower Amid Rising Yields and Sinking Equities. Can EUR/USD Hold? BeePool, the fourth-largest Ether (ETH) mining pool, is closing amid China’s crypto crackdown. The China-based Ether mining pool announced on Tuesday it would suspend operations “in response to the latest regulatory policies.” Effective immediately, the registration of new users and the addition of sub-accounts for existing users will be discontinued, and all mining . . . → Read More: Another Ethereum mining pool forced to close due to China crackdown Gold, XAU/USD, Treasury Yields, ETF Flows – Talking Points Gold prices remain under pressure as Treasury selloff continues ETF holdings hit fresh multi-month low as retail ditches GLD XAU/USD price breaks below technical level on weakness Gold prices continued to struggle as traders priced in a higher rate environment in 2022 as central . . . → Read More: Gold Price Forecast: Skyward Treasury Yields, GLD ETF Outflows Dim XAU Outlook Australian Dollar, AUD/USD, Treasury Yields, Japanese Election, Risk Trends– Talking Points Australian Dollar and risk assets fall as Treasury yield climb continues Japanese lawmakers set to elect the ruling party’s next leader today AUD/USD puts in price floor after downside energy eases overnight Wednesday’s Asia-Pacific Forecast The sentiment-linked Australian Dollar sold off with . . . → Read More: AUD/USD Losses Moderate With Treasury Yields. Japanese Election in Focus for APAC Natural Gas, Energy, Gas Prices, Inflation – Talking Points US natural gas prices hit fresh 7-year high above $6.00 mmBtu European and Asian prices continue to rise amid widespread shortage Worries over a colder winter period also fueling recent melt up Advertisement Natural gas prices briefly traded above $6.00 million British thermal units . . . → Read More: Natural Gas Outlook: Price Continues to Soar as Severe Winter Shortage Looms NASDAQ AND ARKK OUTLOOK: U.S. stocks fall sharply on Tuesday pressured by rising Treasury yields The Nasdaq 100 Index, and tech and growth stocks in general, bear the brunt of the sell-off ARKK appears to validate a bearish double-top technical pattern Most read: Gold Prices Fall as Rates Rise, XAU/USD Nearing Support . . . → Read More: Nasdaq Tanks on Rising U.S. Yields, ARKK Appears to Confirm Double Top Pattern “Don’t fight the trend” is an old saying in the markets, and there are other variants of the phrase like “never catch a falling knife.” The bottom line is that traders should not try to anticipate trend reversals, or even worse, try to improve their average price while losing money. It really doesn’t matter . . . → Read More: Bears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’ zone The Ethereum network’s long-planned upgrade to a scalable, proof-of-stake consensus model grows closer as developers set a date for the Altair upgrade. Altair, which is described as the first mainnet upgrade to the Beacon Chain, is scheduled to take place at epoch 74240, or roughly Oct. 27, according to Ethereum Foundation researcher Danny . . . → Read More: ETH 2.0 moves closer to fruition as devs set Altair upgrade for October Technical analysis is a controversial topic, but higher lows are commonly interpreted as a sign of strength. On Sept. 28, Ether (ETH) might be 30% below its May 12 high of $4,380, but the current $3,050 price is 78% higher than the six-month low of $1,700. To understand whether this is a “glass half . . . → Read More: Signs of fear emerge as Ethereum price drops below $3,000 again Bitcoin (BTC) might have outperformed traditional financial markets regarding investment returns, but the cryptocurrency still fell behind Bitcoin-related companies. The price of BTC climbed by about 290% year-over-year in which it surged from $10,695 to a little over $42,000. In comparison, shares of Marathon Digital Holdings (MARA), one of the largest North American crypto . . . → Read More: Here’s why Bitcoin mining stocks have been outperforming BTC price in 2021 Bitcoin (BTC) analysts are eyeing short-term volatility as whales begin unprecedented behavior. Fresh data shows that whales have not only been highly active on the market — they’ve been moving record amounts of BTC. Whale activity beats Bitcoin all-time highs Despite BTC price action staying in a narrow, uninspiring range of around $40,000, large-volume Bitcoin . . . → Read More: Bitcoin whales move ‘record’ BTC value as metric sounds alarm over price volatility Institutional investors are increasingly looking to move into cryptocurrency investment to grow their revenues in the long term, a new survey revealed. As many as 62% of global institutional investors with zero exposure to cryptocurrencies like Bitcoin (BTC) said they expect to make their first investments in cryptocurrencies within the next year, according . . . → Read More: 62% of institutions to start investing in crypto within a year: Survey Crypto payments are becoming increasingly popular as Bitcoin (BTC) and other digital assets continue to go mainstream. This has become the case for both crypto holders and non-crypto owners who are primarily interested in the concept of using cryptocurrencies for payments. Recent data has found that 93% of crypto users surveyed would consider making . . . → Read More: Verifone to enable crypto payments at major retailers through BitPay Australian Dollar, AUD/USD, US Yields, Crude, Energy – Talking Points The Australian Dollar ticked up throughout the day after data beat US yields continue to react to last week’s FOMC amid Fed resignations Commodity supply constraints deepen. Is that bullish for AUD/USD? The Australian Dollar was slow to react to better than expected . . . → Read More: Australian Dollar Jumps, Energy and US Yields Skip a Beat. Can AUD/USD Break Higher? US DOLLAR, JAPANESE YEN, COVID-19, CLO MARKET, FED OUTLOOK – TALKING POINTS US Dollar, Japanese Yen demand may swell on CLO market volatility Fed tapering, interest rate rise could pressure sensitive credit markets LIBOR to SOFR switch, COVID outlook remain major year-end risks Hunt for Yields Boosting CLO Demand After the market implosion . . . → Read More: US Dollar, Japanese Yen May Rise if Fed Policy Destabilizes CLO Market [embedded content] Crude Oil, WTI, Brent – Talking Points Crude oil prices continue to soar as supply constraints remain intact US Crude (WTI) breaks above key psychological level of $75.00 Brent crude rises above $80.00 for the first time since 2018 Brent Crude Claims $80/b, WTI eyes $77/b Over the past . . . → Read More: Crude Oil Outlook: WTI Prices Climb, Supply Constraints Support Higher Prices [embedded content] Gold, Iron Ore, Treasury Yields, China– Talking Points Gold weighed down on surging Treasury yields XAU/USD turns to labor market data prior to NFPs Iron Ore price finds support at the October 2020 low Gold prices are muted through the start of the trading week, with a lack of . . . → Read More: Gold, Iron Ore Forecast: Rising Yields Weigh on XAU, Iron Ore Languishes Dow Jones, Nasdaq 100, ASX 200, Crude Oil, Iron Ore, Technical Analysis – Asia Pacific Indices Briefing Dow Jones sees best day compared to the Nasdaq 100 since May 10th as bond yields rise S&P 500 declines, but energy sector outperforms as crude oil prices extend recent gains ASX 200 could find some relief . . . → Read More: Dow Jones Gains as Nasdaq 100 Sinks, Crude Oil Boosts Energy Stocks. ASX 200 in Focus Google, the leading indicator used to track the popularity of Bitcoin (BTC) and other cryptocurrencies, celebrated its 23rd anniversary on Monday. Founded by Larry Page and Sergey Brin when both were students at Stanford University, the search engine has spent the majority of its 23 years of existence being one of the primary entry . . . → Read More: Google, the most popular Bitcoin trend indicator, turns 23 The fallout from China’s ongoing crackdown on the crypto sector has led to uncertainty finding its way back into the market again. At the time of writing, Bitcoin (BTC) traders continue to encounter pushback at the $43,000 level and many altcoins that had accumulated gains in the morning session are also dipping into the . . . → Read More: Traders say Bitcoin’s bullish bias will only be confirmed by a close above $44K Crypto exchange Bitfinex completed a highly consequential transaction on Sept. 27 when sending $100,000 of the stablecoin Tether (USDT) to the layer-2 subsidiary platform DeversiFi. For reasons unknown, the exchange paid 7,676 ETH, equivalent to $23.7 million, marking quite possibly the largest gas fee ever recorded on the Ethereum blockchain. According to blockchain data . . . → Read More: Bitfinex paid a colossal $23M fee to send $100K of USDT Bitcoin (BTC) and Ether (ETH) recovered a large part of the losses that happened due to the knee-jerk reaction to China’s regulatory crackdown on Sept. 24. This suggests that crypto markets have absorbed the news-based selling, with long-term investors likely using the dip to accumulate. However, a rally may have to wait as market . . . → Read More: Price analysis 9/27: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, LUNA Bitcoin bulls continued to battle with bears near the $43,000 support level on Sept. 27 as China’s crackdown on all things cryptocurrency put a halt to last week’s positive price movements and has stifled growth into the day. According to Eric Krown, a cryptocurrency trader and host of Krown’s Crypto Cave, what comes . . . → Read More: Analyst says $42K must hold to keep Bitcoin price from sweeping its swing low Last week’s drop in Bitcoin (BTC) that saw the price of Bitcoin falling from $47,358 to $43,178 has sparked fears of an extended selloff. Independent market analyst Nunya Bizniz highlighted a bearish fractal on Bitcoin’s weekly charts concerning its 21-week exponential moving average (EMA). In detail, the cryptocurrency has closed below the said support zone 18 . . . → Read More: Bearish Bitcoin fractal with 78% success rate flashes as BTC drops below $43.5K Sparkpool, the second-largest Ethereum mining pool in the world, is suspending operations due to the ongoing Chinese crackdown on crypto. The mining pool officially announced that it has suspended access to new users in mainland China on Monday in response to Chinese authorities initiating new measures to combat crypto adoption in the country. Following . . . → Read More: Second-largest Ethereum mining pool to suspend all operations NFT hunters are suddenly rediscovering these forgotten vintage collectibles Love them or hate them, blockchain collectibles are having a moment. It’s good art. It’s bad art. It’s good, bad art. Folks are flipping apes and robots and pixely punks. Tweets (which are arguably ownerless) are worth millions to the right buyer. Literal children — . . . → Read More: Before NFTs: Surging interest in pre-CryptoPunk collectibles Norwegian Krone, Crude Oil, AUD/USD, Energy – Talking Points Crude oil prices stormed higher along with other energy markets Other commodities joined the march upward, boosting commodity FX The Norwegian Krone benefitted from oil’s strength. Can crude make new highs? The Norwegian Krone moved up as crude oil prices continued to squeeze higher. . . . → Read More: Norwegian Krone Jumps as Euro Awaits German Election Results. Will Energy Continue to Surge? CRUDE OIL OUTLOOK: Crude oil prices surge amid supply shortage despite OPEC+ output increase US inventories at the lowest in two years on supply chain woes, Ida impact WTI working on fifth day of gains, eyeing a path to 2021 high near $77/bbl Crude oil prices stormed higher at the start of the . . . → Read More: Crude Oil Prices Hit 2-Month High on Supply Squeeze, 2021 Top Eyed Australian Dollar, AUD/USD, Chinese Industrial Profits, Treasury Yields, USD – Talking Points Australian Dollar faces tough week after FOMC charged the Greenback China’s August industrial profits may set the tone for Monday’s session AUD/USD holding above trendlines, with eyes on 26-day EMA above Monday’s Asia-Pacific Forecast The Australian Dollar may attempt a recovery . . . → Read More: Australian Dollar Forecast: AUD/USD Action May Swing on Chinese Industrial Profits The competition among layer-one (L1) smart contract platforms has been on the rise in the past couple of months as traders and developers continue to embrace Ethereum (ETH) network alternatives that offer faster transaction times and lower fees. According to a recent report from Delphi Digital, the price of Ether has remained relatively flat . . . → Read More: Ethereum alternatives and layer-1 solutions see steady gains in September China has attempted to stifle the crypto sector’s growth on several occasions in the past 12 years but barring a minor blip, the blanket bans on crypto-commerce have not altered the long-term growth of cryptocurrencies. This shows that no one country, even if it is the second-largest economy in the world, can halt the . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, AVAX, ALGO, XTZ, EGLD The Dow Jones, S&P 500 and Nasdaq 100 wrapped up a rosy week, rising about 0.75%, 0.64% and 0.14% respectively. This is considering that all 3 Wall Street benchmark stock indices erased prominent downside gaps at the beginning of the week. Most regional stock indices in Europe also finished higher, with Asia-Pacific markets . . . → Read More: Markets Week Ahead: Dow Jones, USD/JPY, BTC/USD, China Crypto Crackdown, Evergrande Ethereum’s native token Ether (ETH) staged a rebound on Sept. 26 following a massive decline earlier this week that saw its prices plunging to as low as $2,651 on Coinbase. The ETH/USD exchange rate rose 3.63% to hit an intraday high of $3,030. The upside move amounted to a 14.3% upside retracement from the . . . → Read More: Ethereum price gets back to $3K as institutional investors pile into ETH futures Bitcoin (BTC) sealed another $40,000 retest on Sept. 26 as the battle for the weekly close raged on. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC “unlikely” to linger below $40,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $40,800 overnight, following an earlier unsuccessful attempt by sellers to flip $40,000 back . . . → Read More: Bitcoin could hit $37K but trader says BTC price top will be ‘number you can’t comprehend’ Crude Oil Fundamental Forecast: Bullish WTI crude prices build on rally as global Covid case growth rate keeps slowing Traders brushed aside Evergrande risks, but the situation still remains fluid Oil outlook remains bullish ahead of OPEC annual report and coalition meeting WTI crude oil prices rallied handsomely this past week, brushing aside . . . → Read More: Crude Oil May Rise as Covid Case Growth Slows. WTI Eyes OPEC Outlook, Evergrande Fundamental Euro Forecast: Neutral This weekend’s German Federal Election will likely dominate Euro trading at the start of the week ahead. However, a stable coalition could take months to build and that means only a limited response can be expected in EUR/USD and the Euro crosses. Euro sentiment to hang on German election . . . → Read More: Euro Forecast: Limited EUR/USD Bounce Could Follow German Election Results Salvadoran President Nayib Bukele claims that 2.1 million of his fellow citizens are using the government-backed Chivo cryptocurrency wallet, offering a glimpse into the apparent success of the country’s Bitcoin (BTC) gambit. The controversial president updated his 2.9 million Twitter followers Saturday afternoon, claiming that Chivo “now has more users than any bank . . . → Read More: A third of Salvadorans ‘actively’ using Chivo wallet, President Bukele claims Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Crypto markets soar after Fed commits to printing and . . . → Read More: Crypto recovers on positive Fed and Evergrande news, then drops amid China FUD; Sorare and Dapper Labs raised a combined $930M: Hodler’s Digest, Sept. 19-25 Gold Fundamental Forecast: Bearish Gold Prices fell last week after yields rose into the weekend after a hawkish FOMC XAU/USD faces a tough path ahead against higher yields, PCE figures in focus Gold prices fell again last week, although the pace of losses slowed as credit risks broadsided markets. China’s Evergrande Group was . . . → Read More: Gold Fundamental Forecast: XAU Eyes PCE After US Dollar, Treasury Yields Weigh on Price The average portfolio size on Australian cryptocurrency exchange BTC Markets has grown from $577.65 (795.5 Australian dollars) to $2,069.16 (2849.5 AUD) in the financial year 2021, signaling a 258.2% increase in portfolio holdings, according to exchange data compiled by Statista on a recent BTC Markets survey. Data on the survey shows that the average . . . → Read More: Average Aussie crypto portfolio grew 258% in FY 20-21, survey reveals Welcome to the world of central bank digital currency, or CBDC, where big countries like China and small countries like the Bahamas are trying to mark their presence. It’s a world where 86% of the world’s central banks are trying to create digital currencies. Almost 60% of them are working on the concept . . . → Read More: It’s now or never — The US has to prepare itself for digital currency US Dollar Talking Points Fresh data prints coming out of the US may prop up the Dollar over the remainder of the month as the Federal Reserve appears to be on track to change gears later this year. Fundamental Forecast for US Dollar: Neutral The US Dollar Index (DXY) tagged a . . . → Read More: US Dollar Post-FOMC Performance Hinges on Slew of US Data Bitcoin (BTC) briefly fell below $42,000 on Sept. 25 as the weekend looked set to deliver an unimpressive weekly close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Bitcoin “fine” above $38,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD losing $1,000 in just over an hour during Saturday before rebounding. The weekend had . . . → Read More: Bitcoin volatility continues as BTC price closes in on critical weekly close Bitcoin (BTC/USD) Price, Chart, and Analysis Twitter allows users to tip using Bitcoin. China continues to crack down on cryptocurrencies. After months of beta testing, Twitter yesterday announced that it would allow users to tip creators on its social network with Bitcoin, alongside other traditional fiat-based methods. The Bitcoin tips are facilitated . . . → Read More: Cryptocurrencies Slammed by China Ban, Twitter (TWTR) Allows Bitcoin (BTC) Tipping China bans Bitcoin (BTC), again. No, we’re not traveling back in time. On Sept. 24, the People’s Bank of China (PBoC) published a new set of measures to promote inter-departmental coordination on cracking down on crypto activity. The measures intended to “cut off payment channels, dispose of relevant websites and mobile applications in accordance . . . → Read More: All bark and some bite. China’s Bitcoin ban puts traders in the ‘fear’ zone The growth of the decentralized finance (DeFi) sector has been a recurrent headline throughout 2021 and to date, hundreds of billions of dollars in crypto assets are locked on protocols across numerous blockchain networks and earning a yield for their holders. What started off as a simple Ethereum-based swap interface that allowed ERC-20 . . . → Read More: Altcoin roundup: There’s more to DeFi than just providing liquidity The crypto market’s recovery was rocked on Sept. 24 after news that China’s government is adopting a new set of measures that includes stronger inter-departmental coordination to “cut off payment channels, dispose of relevant websites and mobile applications” to crack down on illegal cryptocurrency transactions efficiently. Although the news has caused a selloff, long-term . . . → Read More: Price analysis 9/24: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, LUNA AUTRALIAN DOLLAR FORECAST: NEUTRAL Evergrande continues to plague markets and some issues are unresolved Commodities have mixed implications as energy supply constraints continue Long term yields on the march: will 10-year AU-US spreads impact AUD/USD? Central banks gave their audience what they wanted this week, while the Chinese government remains guarded over . . . → Read More: Australian Dollar Outlook: China, Energy and Yields in Play. What Will Drive AUD/USD? The bullish momentum that had been growing across the cryptocurrency ecosystem over the past few days came to a screeching halt on Sept. 24 as news that China had banned cryptocurrency transactions made the rounds on social media and initiated an abrupt fall in the price of Bitcoin (BTC) from $45,000 to $42,000. After . . . → Read More: Cross-chain bridge equipped altcoins rally higher despite China’s crypto ban Morgan Stanley’s Dennis Lynch shared a light-hearted analogy during a discussion at Morningstar’s yearly investment conference today, claiming that Bitcoin’s insatiable ability to defy the odds and rise from both technical and fundamental adversity portrays that of the South Park cartoon character Kenny. The 24-series show has garnered a global audience base for . . . → Read More: Morgan Stanley exec says Bitcoin is the ‘Kenny from South Park’ of money The first half of 2021 in the crypto markets brought many comparisons to 2017. Bitcoin (BTC) was on a tear to its all-time high, the new frontier of decentralized finance emerged, and nonfungible tokens were gaining myriad celebrity endorsements. But after the initial months of euphoria and a subsequent sell-off, BTC’s performance has . . . → Read More: Diminishing returns: Is Bitcoin underperforming compared to altcoins? Talking Points: This can be a challenging weekend for holding weekend risk given the ongoing and still developing scenario around Evergrande. The move in rates after this week’s FOMC has continued and the 10 year yield has pushed up to a fresh two-month-high. Next week marks the Q4 open on Friday, but notably there . . . → Read More: Treasury Yields Rise, China Bans Crypto (Again) and Evergrande: Weekend Risk Japanese Yen Talking Points USD/JPY trades to a fresh monthly (110.57) amid the pickup in longer-dated US Treasury yields, and the exchange rate may stage a larger advance over the coming days as it extends the series of higher highs and lows from earlier this week. Advertisement USD/JPY Rate Clears Opening Range for . . . → Read More: USD/JPY Rate Clears Opening Range for September to Eye 2021 High The Giving Block, a major organization focused on the cryptocurrency donations industry, continues to expand its crypto charity reach with a new partnership. The organization will be working with charitable platform provider RenPSG to allow its donors to move cryptocurrencies like Bitcoin (BTC) into new donor-advised funds to support nonprofits and other charitable . . . → Read More: $16B charity provider enables Bitcoin donations via The Giving Block Bitcoin (BTC) dipped deeper to challenge $40,000 support during Sept. 24 as the dust settled on what analysts stressed was a false alarm from China. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView A classic bull run formula? Data from Cointelegraph Markets Pro and TradingView showed new multi-day lows of $40,690 for BTC/USD on Bitstamp, down . . . → Read More: Sound familiar? September 2017 China Bitcoin ‘ban’ sparked $20K all-time high in 3 months The price of Ethereum’s native token Ether (ETH) crept lower Friday after China extended its crackdown on cryptocurrencies by deeming their transactions to be “illegal.” “Financial institutions and non-bank payment institutions cannot offer services to activities and operations related to virtual currencies,” the People’s Bank of China said in a statement on its website . . . → Read More: Ethereum drops more than Bitcoin as China escalates crypto ban, ETH/BTC at 3-week low EUR/USD Price, Chart, and Analysis 10-year US Treasury yields touching multi-week highs. EUR/USD is likely to re-test 1.1700 in the short-term. Keep up to date with all market-moving data releases and events by using the DailyFX Calendar The recent rally in US Treasury yields has not fully fed through into the . . . → Read More: EUR/USD Outlook – Recovery Looks Weak and Increasingly Vulnerable Bitcoin (BTC) suddenly lost $2,000 in an hour on Sept. 24 as what appeared to be old news over a Chinese regulatory ban hit social media. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin vs. China: Don’t believe the “FUD” Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it abruptly fell from . . . → Read More: Old FUD, new BTC price dip — Weeks-old China crypto ‘ban’ sparks Bitcoin price drop to $42K Bitcoin Analysis & News China Announces Crypto Crackdown Yet Again PBoC Declares Cryptocurrency-Related Activities Illegal Cryptos Slide on Crackdown China Announces Crypto Crackdown Yet Again Once again, China has announced that they will be cracking down on Cryptocurrency mining and while this has been a reoccurring theme, regardless of that fact, . . . → Read More: Bitcoin & Etherum Drop as China Declares Cryptocurrency Activities Illegal Key Talking Points: GBP/USD bounces off support as BOE delights traders with a hawkish tone US yields see the biggest rise since February as FOMC meeting suggests a hawkish shift GBP/USD has flattened overnight after its strongest rally in a month on Thursday. The British currency has been under pressure recently as an . . . → Read More: GBP/USD Flattens After BOE-Induced Rally US DOLLAR, CHINA, BELT AND ROAD INITIATIVE, TAIWAN – Talking Points: US Dollar may gradually rise as Sino-US tensions rise Geopolitical volatility could put a premium on liquidity BRI, Taiwan and South China Sea remain biggest risks The US Dollar may catch a haven bid as US-China tensions gradually escalate amid widening disagreements . . . → Read More: US Dollar Outlook Bullish on Future US-China Tension Golem Network has launched an app that allows users to mine Ether (ETH) on their laptops, but it could be a long time before riches can be reaped. The decentralized computing resources sharing platform released the Thorg app that allows users to mine Ether on Windows-based PCs and laptops. The app runs in the background . . . → Read More: Golem releases laptop app to mine Ethereum… but turning a profit is tricky Australian Dollar, AUD/USD, Evergrande, USD Bondholders, China – Market Alert Sentiment-linked Australian Dollar rally stalls as traders watch Evergrande USD bondholders have not yet received interest payments, reports indicated Evergrande default could hinder local Chinese and global economic growth The Australian Dollar traded mostly flat during Friday’s Asia-Pacific trading hours, failing to extend . . . → Read More: Australian Dollar Eyes Evergrande as USD Bondholders Await Interest Payments American multinational investment bank JPMorgan has revealed that institutional investors are starting to shy away from Bitcoin futures in favor of Ether derivatives. In a note to investors on Wednesday, analysts at the Wall Street bank said thatBitcoin futures on the Chicago Mercantile Exchange (CME) have traded at a discount compared to spot . . . → Read More: Big investors pivoting from Bitcoin to Ether futures: JPMorgan Ether (ETH) has been in a bearish trend since early September, and this week’s Evergrande-led market crash drove the price below $2,700 on Sept.20, its lowest level in 47 days. Curiously, just three weeks ago, Ether was testing the $4,000 psychological barrier, but this changed after mounting crypto regulatory concerns and the fear of . . . → Read More: Derivatives data favors Ethereum bulls even with this week’s crash below $3K |
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