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Australian Dollar, AUD/USD, AUD/JPY, Evergrande, Treasury Yields, Sentiment – Talking Points Australian Dollar gains against most peers as traders dive into equities Evergrande remains a risk factor after China warns localities to prepare AUD/USD rises to key moving average after solid overnight strength Friday’s Asia-Pacific Forecast Asia Pacific markets look set to see . . . → Read More: AUD/USD, AUD/JPY Surge Despite Rising Treasury Yields, Looming Evergrande Risks Bullish optimism is on the rise across the cryptocurrency market on Sept. 23 as prices continue to recover from this week’s volatility which was the result of regulatory pressure on the crypto sector, the Federal Open Market Committee meeting on the Fed’s interest rate hikes and monetary policy, along with fears that the Evergrande . . . → Read More: Bitcoin bulls make a run on $45K after Twitter debuts crypto tipping Canadian Dollar, USD/CAD Talking Points: USD/CAD set a fresh September high on Monday and yesterday prices snapped back to a key support zone more than 200 pips away. Prices in USD/CAD are now sitting on the same 1.2631 level that held the lows last Friday. The analysis contained in article relies on price action . . . → Read More: Canadian Dollar Price Forecast: USD/CAD Snaps Back to Key Support This week’s combination of bearish factors was enough to bring Bitcoin’s (BTC) price down to its lowest levels in 46 days, and this nearly obliterated 86% of the $2 billion September call (buy) options that expire on Sept. 24. There’s still room for some surprises, especially considering the deadline is 8:00 UTC on Sept. . . . → Read More: Bears aim to pin Bitcoin price below $46K leading into Friday’s $3B BTC options expiry Advertisement Turkish Lira Outlook: The Central Bank of the Republic of Turkey ended its monetary tightening cycle will a surprise 100-bps rate cut on Thursday. The rate cut came as a surprise to markets, and it now appears that the CBRT has once again lost credibility as monetary independence has disappeared. Already one . . . → Read More: USD/TRY, EUR/TRY Rates Jump amid Surprise Turkish Rate Cut While Ethereum 2.0 staking allows validators to be compensated for securing the network, ‘Ethereum 2.0 Staking Earn’ is its own product, providing users rewards from several DeFi products. On Ethereum 2.0, the PoS-powered blockchain will bundle 32 blocks of transactions during each validation round. Each block bundle is known as an epoch, . . . → Read More: Staking on Ethereum 2.0, explained Tune in to watch Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman. Here’s what to expect in this week’s markets news breakdown: After failing to reach $50,000, Bitcoin (BTC) slid back down to $40,000 on Monday before recovering to $44,000. What, or who, was behind this . . . → Read More: BTC crash: Was it actually Evergrande? | Watch The Market Report live w/ Eric Krown The total amount of Ether (ETH) held by all the crypto exchanges fell to its lowest levels, just as its price rose back above $3,000 per token on Sept. 23. Data collected by CryptoQuant, a blockchain analytics platform, showed that exchanges’ net Ethereum token reserves dropped to 18.533 million ETH, compared to 23.92 million ETH . . . → Read More: Ethereum balance on crypto exchanges hits new lows as ETH price retakes $3K 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. This week, the word “Evergrande” found its way into the vocabulary of every western investor. After years of watching the corporation’s football . . . → Read More: Shanghai Man: RMB stablecoin in Shanghai, Evergrande FUD, and FTX gains ground Seasoned Bitcoin (BTC) hodlers are about to spark a new price run-up by hoarding BTC, data reveals this week. According to on-chain monitoring resource Glassnode, the Bitcoin supply is due to put in a fresh aging process. 1-year-old supply bottoms out Highlighting its active supply metric, Glassnode researchers noted that the percentage of the . . . → Read More: Bitcoin hodlers are about to spark a run to new BTC price highs, data suggests Bitcoin (BTC) faced stiff resistance above $44,000 on Thursday, Sept. 23, as China told governments to prepare for property giant Evergrande to collapse. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buyers line up to snag sub-$40,000 BTC Data from Cointelegraph Markets Pro and TradingView showed volatility continuing for BTC/USD Thursday. The pair had seen . . . → Read More: Too ‘grande’ to fail — Bitcoin price stumbles at $44K as China plans for Evergrande’s implosion British Pound, US Dollar, GBP/USD, FOMC, BOE, Evergrande – Talking Points The British Pound was pushed to lows by the FOMC but rallied through Asia APAC equities were generally positive after Evergrande debt semi-resolution US Dollar strength tested after the Fed meeting. Will GBP/USD break-out? The British Pound moved higher through the Asian . . . → Read More: British Pound Battles US Dollar After FOMC, Before BoE. Will GBP/USD Move Lower? Evergrande, CCP, ASX 200, Hang Seng, Federal Reserve – Talking Points Evergrande nears a potential restructuring ahead of an expected debt payment Hang Seng Index down 10% from Sept. high, may look to rebound on improved sentiment Federal Reserve pushes taper announcement out, leaves interest rates unchanged Advertisement Asia-Pacific equities, such as the . . . → Read More: Hang Seng, ASX 200 May See Relief After Fed. Evergrande Set for Restructuring? Australian Dollar, AUD/USD, FOMC, PMI Data – Talking Points Australian Dollar on the back foot against a FOMC-charged US Dollar September PMI data shows recovery chance for Australian economy AUD/USD struggles below resistance but bullish signs appear in the pair Thursday’s Asia-Pacific Forecast Asia Pacific markets may see risk assets move lower today . . . → Read More: Australian Dollar Fights FOMC-Charged US Dollar After Upbeat PMI Data Brazilian Central Bank, Brazilian Real, US Dollar, USD/BRL – Talking Points Central Bank of Brazil hikes rates by 100 basis points, Selic rate now 6.25% Brazil continues to battle significant inflation, annual CPI approaching 10% USD/BRL may look to 50-day moving average for support after rate hike Advertisement The Central Bank of Brazil . . . → Read More: USD/BRL May Continue to Gyrate as Brazilian Central Bank Tightens by 100 Basis Points The cryptocurrency ecosystem is showing signs of a recovery on Sept. 22 following a 48-hour corrective stint which saw Bitcoin and altcoins sell-off to their swing lows. Equities and crypto investors were clearly worried about the possible bankruptcy of China’s Evergrande real estate firm and many feared that the possible default could spark a . . . → Read More: Crypto markets soar after Fed commits to printing and Evergrande plans to pay its debt Gold Price Talking Points The price of gold pulls back from a fresh weekly high ($1787) even as the Federal Reserve retains the current course for monetary policy as the central bank lays out a tentative exit strategy. Advertisement Gold Price Rebound Fizzles as Fed Reveals Tentative Timeline to Taper QE . . . → Read More: Gold Price Rebound Fizzles as Fed Reveals Tentative Timeline to Taper QE The crypto markets and United States equity markets are attempting recovery on Sept. 22 as fears of a widespread contagion due to Chinese developer Evergrande defaulting on its debt recede. Bridgewater Associates co-chairman and co-chief investment office Ray Dalio said on Sept. 22 that Evergrande’s debt was “manageable.” Ming Tan, a director at the . . . → Read More: Price analysis 9/22: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, UNI The sharp correction that threatened to pull Bitcoin (BTC) and altcoin prices back toward their swing lows appears to have dissipated now that Evergrande has informed investors that it intends to make an on-time payment on its debt. With global markets feeling reassured, major equities, Bitcoin and altcoins prices all saw a rebound at . . . → Read More: Altcoins see a 35% bounce after Bitcoin reclaims $43,000 One River Digital, a cryptocurrency-focused hedge fund offering exposure to Bitcoin (BTC) and Ether (ETH), has closed its first funding round after launching last year. One River Digital president Sebastian Bea confirmed Wednesday that the company had raised $41 million in a Series A financing round from investors, including Goldman Sachs and Coinbase . . . → Read More: One River Digital raises $41M from Goldman Sachs and Coinbase Bitcoin (BTC) mining company BIT Mining plans to invest $12.14 million to develop an 85-megawatt crypto mining center in Ohio. As the company that owns the entire mining pool business operated under BTC.com, BIT Mining set up a joint venture agreement with Viking Data Centers to establish the Bitcoin mining facility. As part of . . . → Read More: Ohio to host BIT Mining’s new 85 MW Bitcoin mining facility [embedded content] Gold, XAU, Fed, FOMC, China, Risk Trends – Talking Points Gold prices remain resilient after China’s Evergrande announces payment XAU/USD prepares for a Federal Reserve rate decision on Wednesday Copper shoots over 2% higher after PBOC shores up liquidity in economy Gold is on track to break a two-week . . . → Read More: Gold, Copper Forecast: XAU Eyes FOMC, Evergrande News Sends Copper Flying Japanese Yen, Bank of Japan (BOJ), USD/JPY, Nikkei 225, TOPIX – Talking Points The Bank of Japan keeps interest rate targets and asset purchases unchanged The LDP will vote on a new leader, who is likely to deliver more fiscal stimulus The Yen weakened before the BoJ, will it decline further before FOMC? . . . → Read More: Japanese Yen Focuses on Evergrande as BoJ Leaves Policy Unchanged Ahead of FOMC Australian Dollar, New Zealand Dollar, China, Evergrande, PBOC – Talking Points China’s Evergrande Group negotiates bond payments AUD/USD, NZD/USD rise as traders shift to risk-on, Chinese stocks rise PBOC steps up liquidity injections, further bolstering sentiment Traders are eyeing the FOMC rate decision in the coming hours The risk-sensitive Australian Dollar and New . . . → Read More: AUD/USD, NZD/USD Soar on Evergrande Debt Deal, PBOC Liquidity Injections Dow Jones, Nasdaq 100, Nikkei 225, FOMC, BoJ, Technical Analysis – Asia Pacific Indices Briefing Dow Jones fell as Nasdaq 100 gained after choppy session as volatility cooled Nikkei 225 eyes the Bank of Japan, but could remain vulnerable to external risks Sentiment may remain constrained until the FOMC monetary policy announcement Tuesday’s Wall . . . → Read More: Dow Jones Falls, Nasdaq 100 Gains Ahead of the Fed. Nikkei 225 Eyeing the BoJ Bitcoin, BTC/USD, FOMC Rate Decision, Technical Analysis – Talking Points Bitcoin (BTC/USD) retests critical support ahead of the FOMC rate decision Demand for the major cryptocurrency remains vulnerable to developments in the Evergrande saga as risk aversion favors safe-haven assets, at least for now The analysis contained in article relies on price action and . . . → Read More: Bitcoin Outlook Update: BTC/USD Selloff Continues – Key Levels to Watch Ether (ETH) price fell below the $3,000 support on Sept. 20 as global markets entered a risk-aversion mode. The Invesco China Technology ETF (CQQQ) closed down 4.2%, while the SPDR S&P Metals and Mining ETF (XME) lost 3.8%. Some analysts pointed to the potential ripple effects of the default of Evergrande, a major Chinese . . . → Read More: Ethereum’s spot setup looks grim, but derivatives data tells a different story Dfinity Foundation’s Internet Computer blockchain is bringing smart-contract capabilities to the Bitcoin (BTC) network, potentially opening the door to new use cases for the premier cryptocurrency. Internet Computer will utilize its so-called chain key cryptography to integrate with Bitcoin, paving the way for smart contracts with native BTC addresses that are hosted directly . . . → Read More: Smart contracts are coming to Bitcoin through Dfinity’s Internet Computer Recent data from the Crypto Fear & Greed Index indicates that the cryptocurrency market is experiencing a period of investor fear with a three-month low score of 27 out of 100. By utilizing leading cryptocurrency asset Bitcoin (BTC) as the markets representative, the seasoned technical analysis tool informs cryptocurrency traders worldwide on the current . . . → Read More: Fear & Greed Index suggests Bitcoin’s price is undervalued Ethereum’s native token Ether (ETH) rates may fall to a two-month low after it slid below support at around $2,954, based on a classic trading pattern. The $2,954 level represents a so-called neckline constituting a head and shoulders setup. In detail, the said support level appears to be a floor to three peaks, with . . . → Read More: Ethereum ‘head & shoulders’ chart pattern puts ETH price at risk of dropping to $2K There’s no denying that the last couple of years have seen the altcoin sector blossom and have a major impact on the crypto market at large. In fact, a quick look at data available on Google Trends shows us that searches related to the term “Ethereum killer” have been soaring over the past . . . → Read More: DeFi’s potential means more institutional demand for next-gen tokens Riccardo Spagni, the former lead maintainer of the privacy coin Monero, has reported that United States officials have released him after more than a month in custody. In a Tuesday tweet, Spagni said he was working with his legal team to return to South Africa to address the allegations against him. Authorities in . . . → Read More: Monero’s former maintainer released from US custody Bitcoin (BTC) won’t be making Galaxy Digital CEO Mike Novogratz “nervous” unless it dips below $40,000. In an interview with CNBC on Sept. 21, the infamously bullish investor calmed fears about the latest sell-off across cryptocurrency. Novogratz on institutions: “I see nothing but engagement and activity” Despite the macro environment wobbling over China . . . → Read More: Bitcoin in ‘good shape’ as long as BTC price stays above $40K — Mike Novogratz The central bank of Ukraine has moved to support the development of the cryptocurrency industry after the Ukrainian parliament adopted a major crypto law in early September. The National Bank of Ukraine (NBU) issued an official statement on the basic principles of monetary policies for the upcoming year in which it paid particular attention . . . → Read More: Central bank of Ukraine to promote ‘fair’ Bitcoin regulation Bitcoin (BTC) bounced off $40,000 on Tuesday as attention returned to United States regulators. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $45,000 target emerges for bulls Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $43,000 Tuesday ahead of fresh comments from Gary Gensler, chair of the Securities and Exchange Commission. BTC price action . . . → Read More: Bitcoin bounces to $43K ahead of fresh crypto comments from SEC Chair Gensler Gold, Iron Ore, XAU/USD, China, Evergrande Group, FOMC, Steelmaking – Talking Points Gold prices rise as potential systemic market risk out of China bolsters haven assets FOMC on tap for XAU traders this week, with a potential balance sheet taper signal Iron ore ticks higher Tuesday, but fundamentals don’t offer hope for a sustained . . . → Read More: Gold, Iron Ore Forecast: Prices Hinge on FOMC, Evergrande Crisis, China Steelmaking Curbs In the increasingly competitive landscape of blockchain technology and cryptocurrencies, protocol innovation and the ability to solve the biggest problems facing the crypto community are necessary for any project that looks to have long-term success in the ecosystem. Recently, the emergence of layer-two technology such as Arbitrum, Optimism and a bridge to the Avalanche . . . → Read More: Data shows parabolic-style growth in layer-two-based DeFi and DEX platforms Australian Dollar, AUD/USD, Chinese Systemic Risks, RBA Minutes, credit markets – Talking Points Australian Dollar falls versus USD and JPY as China contagion risks grows RBA minutes on tap today but unlikely to surprise traders, FOMC in focus AUD/USD at pivotal level as prices test prior support from Falling Wedge Tuesday’s Asia-Pacific Forecast . . . → Read More: AUD/USD Eyes RBA Minutes, FOMC After Systemic Risks out of China Weighs on Sentiment Bloomberg’s Larry Tabb on the recent surge in retail investing activity, speculative trading and the one thing most misunderstood about the markets. You’ve said the pandemic revolutionized the public markets by “turning everyone’s kitchen table into a trading desk.” What other catalysts have increased trading activity? The big ones are . . . → Read More: Market Intelligence S&P 500 OUTLOOK: S&P 500 plummets on concerns about a possible Evergrande default and financial contagion Uncertainty over the Fed’s monetary policy normalization roadmap ahead of this week’s FOMC decision is also weighing on sentiment Despite growing risks to the market, there are still some bright spots. For instance, airline stocks are starting to . . . → Read More: S&P 500 Sinks on Evergrande Risks Ahead of FOMC, Airline Stocks’ Outlook Brightens The crypto markets and the U.S. equity markets sold off on Sept. 20 on fears that the collapse of Chinese property giant Evergrande could not only hurt China but also have wider implications in other markets. When the sentiment is bearish, traders dump positions that they perceive as risky in favor of safe-haven trades. This . . . → Read More: Price analysis 9/20: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, UNI, AVAX [embedded content] Gold Talking Points: To Learn More About How to Trade Gold & Other Commodities, Visit DailyFX Education Gold and Silver prices have edged marginally higher as mounting concerns over global debt, inflation and Evergrande continued to spread through global markets. The rising volatility combined with a . . . → Read More: Gold Price Outlook: Gold Prices Achieve Modest Gains, Stocks Slide Prices of Ethereum’s native asset, Ether (ETH), slumped on Sept. 20 amid a broad sell-off in the cryptocurrency market, led by worries about a potential housing bubble crisis brewing in China. The ETH/USD exchange rate dropped as much as 12.52% to $2,911 on the Coinbase exchange, hitting its lowest levels since the beginning of . . . → Read More: Ethereum forming a double top? ETH price loses 12.5% amid Evergrande contagion fears Bitcoin’s (BTC) fell below critical $44,000 support on Monday as concerns over China spilled over into crypto markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC’s price sinks through support Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shedding 2% in an hour to hit local lows of around $43,400. The pair had . . . → Read More: Bitcoin loses $44K support as stocks, Evergrande nerves hit BTC price The Securities Exchange and Commission of Thailand has a license to an asset-backed token offering service based on the Ethereum blockchain. Fraction, a wholly owned subsidiary of the Hong Kong-based fintech firm Fraction Group, has received a license allowing it to list and trade tokens for fractional ownership of physical or digital assets, . . . → Read More: Thai SEC issues license to Ethereum-based real estate project According to a blog post published by Optimism on Sept. 17, the team anticipates Ethereum-native protocols will be able to launch on its network in a single click by the end of October. “Any tooling that can run on Ethereum will run identically on Optimistic Ethereum,” the post highlighted, adding: Optimism, the Ethereum . . . → Read More: Optimism announces upgrades enabling ‘one-click’ roll-up deployment BANK OF JAPAN (BOJ) PREVIEW – TALKING POINTS Bank of Japan unlikely to change monetary policy stance this week Focus on LDP leadership vote as candidates pledge fiscal expansion Nikkei 225 inching upward, USD/JPY still locked in a familiar range BoJ meeting expected to deliver little surprise The BoJ monetary meeting may be . . . → Read More: Bank of Japan (BoJ) Preview: Monetary Policy to Hold Steady One of the reasons behind Bitcoin’s (BTC) volatility, the substantial price oscillations that occur regularly, is the discrepancy of its use cases. Some pundits deem it “digital gold,” a truly scarce and perfect store of value (SoV). Others consider Bitcoin a technology project or a type of software with a corresponding network. El Salvador’s . . . → Read More: Here’s why Bitcoin might be safe from a global stock market crisis New Zealand Dollar, NZD/USD, Services PSI, PSI, China, credit markets – Talking Points New Zealand’s PSI shows second monthly slowdown as lockdowns weigh Systemic risks out of Chinese real estate market weighs on sentiment NZD/USD takes aim at 50-day SMA after Bull Flag pattern fails to lift price Monday’s Asia-Pacific Forecast The New . . . → Read More: New Zealand Dollar Forecast: NZD/USD Eyes China Credit Risk After PSI Miss Bitcoin (BTC) and most major altcoins have been consolidating in the past few days as investors await a trigger to start the next directional move. Some believe that the rising inflation in the U.S. could prove to be bullish for Bitcoin. In a note to clients, Anthony “Pomp” Pompliano said that the only way . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, DOT, LUNA, ATOM, FTT Bitcoin (BTC) has the potential to push its prices to between $250,000 and $350,000 by the end of 2021, a long-standing fractal suggests. First spotted by pseudonymous analyst Bit Harington, the bullish setup drew its inspirations from Bitcoin’s secular bull runs every time after halvings when the miner block reward gets cut in half. Analysts perceive . . . → Read More: Bitcoin ‘heavy breakout’ fractal suggests BTC price can hit $250-$350K in 2021 A wave of risk aversion caught traders by surprise last week, sending benchmark equity indexes and sentiment-sensitive currencies lower. Investors weighed Covid concerns and Chinese contagion risks against a faltering global economic recovery. Growth-sensitive technology stocks led losses on Wall Street, with the Nasdaq 100 Index dropping 0.69% on the week. . . . → Read More: Markets Week Ahead: US Dollar, FOMC, GBP/USD, BoE, USD/JPY, BoJ, AUD/USD, Chinese Debt Crisis Bitcoin (BTC) retested $47,000 on Sept. 19 as the weekly close looked set to hinge on the CME futures gap. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin comes full circle after erasing gains Data from Cointelegraph Markets Pro and TradingView showed mixed signals from BTC/USD as the week drew to a close. Saturday had . . . → Read More: BTC price falls back to $47K as weekly close neatly tracks Bitcoin futures gap DAX 30 and S&P 500FORECAST: NEUTRAL The FOMC meeting is the main event in next week’s calendar Stocks pull back as anticipation builds for a possible taper announcement There’s one event on everyone’s mind for next week: FOMC. The Federal Reserve will meet on Tuesday and Wednesday to discuss its monetary policy . . . → Read More: FOMC Preview – S&P 500 and DAX 30 Forecasts for the Week Ahead The term “Ethereum killer” is beginning to pick up the pace once again in the cryptocurrency markets as the native tokens of several competing blockchain networks are posting significant gains during September. For any alternative network to be considered as a part of this category, it needs to have one essential feature that serves . . . → Read More: Ethereum killers or just pretenders? But Ether remains king for now Fundamental Euro Forecast: Bearish Without doubt, the key risk events for traders this coming week will be the meetings of monetary policymakers at the Federal Reserve, the Bank of England and the Bank of Japan; and their decisions will determine the course of the currency and other markets short-term. However, next Sunday’s German . . . → Read More: Euro Forecast: EUR/USD Price May Head Lower Ahead of German Election 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 Cardano launches smart contracts after successful hard fork After . . . → Read More: Cardano price dips after smart contract launch, Walmart working with Litecoin is fake news, Coinbase raises $2B from junk-bond sale: Hodler’s Digest, Sept. 12-18 Gold Price Talking Points The Federal Reserve interest rate decision on tap for September 22 is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Fundamental Forecast for Gold Price: Neutral The price of gold . . . → Read More: Gold Price Outlook Hinges on Fed Rate Decision & Forward Guidance Something is brewing, and those with finely tuned noses can smell it. As traders have come to expect, Bitcoin (BTC) is doing “Bitcoin things” by bouncing around between the usual “key” support and resistance levels, and to be honest, it’s all starting to feel a bit boomerish. Bitcoin’s long-awaited “moon” depended on institutional . . . → Read More: Bitcoin is great, but real crypto innovation has moved elsewhere In 1921, American industrialist Henry Ford proposed the creation of an “energy currency” that could form the basis of a new monetary system — offering striking similarities to the peer-to-peer electronic cash system outlined in Satoshi Nakamoto’s 2008 Bitcoin (BTC) whitepaper. Front page of the New York Tribune dated Sunday, December 4, 1921. Source: . . . → Read More: 100 years ago, Henry Ford proposed ‘energy currency’ to replace gold Bitcoin (BTC) inched higher on Sept. 18 as the focus shifted to the Federal Open Market Committee’s (FOMC) policy meeting in the wake of lower inflation numbers last Tuesday. The BTC/USD exchange rate approached $49,000 on the Coinbase exchange, hitting $48,825 before turning lower on interim profit-taking sentiment. Nonetheless, the move uphill raised expectations . . . → Read More: Bitcoin jumps toward $49K amid fears 5%-plus inflation is here to stay Advertisement Fundamental Forecast for the US Dollar: Neutral The US Dollar (via the DXY Index) gained +0.65% last week on the back of rising Fed rate hike odds. Bond and rates markets are now the most aggressive in their hawkish expectations of the Federal Reserve all year. According to the IG Client . . . → Read More: Weekly Fundamental US Dollar Forecast: Taper Talk to Intensify at September Fed Meeting El Salvador now hosts the third-largest network of crypto ATMs after the United States and Canada, amounting to 70% of all crypto ATMs in South America. According to data from Coin ATM Radar, El Salvador has exceeded United Kingdom’s crypto ATM count after deploying 205 crypto ATMs to date to facilitate local Bitcoin . . . → Read More: El Salvador ranks third in global Bitcoin ATM installations, data finds Japanese Yen Fundamental Forecast: Bullish Japanese Yen gains against most FX peers as risk aversion rises Bank of Japan, CPI data in focus this week along with risk trends Safe-haven flows likely to be main driver for JPY pairs next week The safe-haven Japanese Yen benefited against most of its peers last week . . . → Read More: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength AUTRALIAN DOLLAR FORECAST: BEARISH Chinese intentions on steel production drive iron ore prices and AUD/USD Energy commodities are facing supply chain issues as prices squeeze higher RBA minutes and FOMC ahead, can Australian bond yields rise to turn AUD? The Australian Dollar continued to lose ground over the week as Australia lost . . . → Read More: Australian Dollar Outlook: Commodities Weigh on AUD/USD. Eyes on FOMC, RBA Minutes One of the familiar themes seen in previous crypto market cycles is the shifting market caps, popularity and ranking of the top 10 projects that see significant gains during bull phases, only to fade into obscurity during the bear markets. For many of these projects, they follow a recognizable boom-to-bust cycle and never return . . . → Read More: Evolve or die: How smart contracts are shifting the crypto sector’s balance of power The general mood across the cryptocurrency market is one of anticipation on Sept. 17 as the price of Bitcoin has traded in an increasingly tighter range over the past couple of days and looks to be coiling in preparation for a move one way or another. Data from Cointelegraph Markets Pro and TradingView shows . . . → Read More: Bitcoin is ‘playing mind games’ as its price coils into a tighter range Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter. Despite Cardano founder Charles Hoskinson’s claim that the DeFi space is now “up for grabs,“ it was rival Vitalik Buterin who stole the headlines this week with a feature in Time Magazine. What you’re about to read is the smaller version of . . . → Read More: Finance Redefined: Maverick Vitalik in Time Mag, Sept. 13–17 Bitcoin’s (BTC) recovery is facing stiff resistance near $48,500, indicating that bears are active at higher levels. By combining the popular stock-to-flow Bitcoin price model and the illiquid supply data, analyst William Clemente projects $39,000 to act as a strong floor on any declines. On the upside, analysts remain bullish. Bloomberg Intelligence chief analyst . . . → Read More: Price analysis 9/17: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, UNI, LUNA 2021 has been a wild ride for the cryptocurrency market as Bitcoin shocked its naysayers by setting a new record high at $64,863, and the DeFi and NFT sector made headlines around the world. Crypto traders need to be wary of times like these because the notoriously volatile nature of the cryptocurrency market . . . → Read More: Veteran trader explains when it’s the best time to cash out of the market BBC Russia has reported that Dmitry Vasiliev, the former chief of Russian cryptocurrency exchange Wex, has been arrested in Warsaw, Poland. Wex, which was previously known as BTC-e, was a well-known “dark” exchange in the early days of the cryptocurrency industry. It is alleged to have laundered funds for numerous high-profile crypto hacks, . . . → Read More: Former chief of Russia’s Wex crypto exchange arrested in Poland GBP/USD FUNDAMENTAL HIGHLIGHTS: China Risks, Fed & BoE Decisions GBP/USD Finds Short Term Support, EUR/GBP Stuck in a Range China Risks, Fed & BoE Decisions Aside from the rising uncertainty in China over Evergrande default risks, two central bank decisions will dominate the market theme next week. The Federal Reserve will . . . → Read More: GBP/USD Forecast: China Risks, Fed & BoE Decisions, GBP Reversal? Japanese Yen Talking Points USD/JPY extends the rebound from the weekly low (109.11) as the stronger-than-expected US Retail Sales report fuels speculation for an imminent shift in monetary policy, and the exchange rate may continue to carve a series of higher highs and lows ahead of the Federal Reserve interest rate decision on . . . → Read More: USD/JPY Eyes Monthly High Ahead of FOMC Meeting amid Rise in US Yields US Dollar Talking Points: The US Dollar is pushing up to a fresh September high after the release of University of Michigan Consumer Sentiment data. Next week brings the September FOMC rate decision and it’s a quarterly meeting, which means we’ll get updated projections and forecasts. The analysis contained in article relies on price . . . → Read More: USD Price Action: US Dollar Rallies to Sept High, Focus Shifts to the Fed PayPal officially announced on Friday that all eligible customers in the United Kingdom can now buy, hold and sell cryptocurrencies using their PayPal accounts. Customers can trade four major cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). As announced previously, crypto trading will only be available to PayPal customers with verified . . . → Read More: PayPal completes crypto trading rollout for UK customers Bitcoin (BTC) is heading for at least $85,000 in Q4 this year and could well surpass the $100,000 mark, new research says. In its latest market update on Friday, trading platform Decentrader revealed an unapologetically bullish mid-term BTC price forecast. Next stop $85,000 for BTC/USD Despite BTC/USD being kept below $50,000 this week, on-chain . . . → Read More: Next stop $85K for Bitcoin as analysts predict ‘explosive’ Q4 for BTC price action Bybit, one of the world’s top cryptocurrency derivatives exchanges, will halt some of its services to South Korean users ahead of a licensing deadline. The exchange officially announced on Friday that it will discontinue Korean language support from its platforms as well as its official South Korean community on social media. The suspensions will . . . → Read More: Bybit crypto exchange suspends services in South Korea Bitcoin (BTC/USD) Outlook: Bitcoin price action loses traction below the key psychological level of $48,000 USD gains after positive retail data Price action stalls ahead of key psychological level Bitcoin (BTC/USD) prices have stalled at the key psychological level of $48,000 after retail sales boosted demand for the safe-haven greenback. However, . . . → Read More: Bitcoin (BTC/USD) Forecast: Bitcoin Bows to Critical Resistance of $48,000 German financial regulators have approved a security token offering (STO) based on a Bitcoin (BTC) sidechain. Germany’s Federal Financial Supervisory Authority (BaFin) has greenlighted the EXOeu token by game publisher Exordium, making local retail investors eligible to participate in the sale on Stokr, a major European digital marketplace. German investors can invest in EXOeu . . . → Read More: Bitcoin-based security token offering approved in Germany Key Talking Points: GBP/USD tightens its range but is lacking a clear direction ahead of FOMC and BOE UK retail sales drop unexpectedly in August GBP/USD continues to struggle to gain a meaningful breakout as anticipation grows for next week’s FOMC decision. The pair pulled back towards the lower bound of its recent . . . → Read More: GBP/USD Anticipation Grows as FOMC and BoE Loom, UK Retail Sales Drop Bitcoin (BTC) ranged around $48,000 on Friday as hopes of a bull run endured thanks to low supply and upcoming corporate disclosures. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Anticipation builds for cross-crypto breakout Data from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing to consolidate into Friday, with the latest options expiry now due. . . . → Read More: Bitcoin sees ‘quite healthy’ consolidation on $200M BTC options expiry day Australian Dollar Analysis and Talking Points AUD/NZD Bottom May Soon Be Approaching Negative News Priced into AUD RBNZ-RBA Policy Divergence is as Good as it Gets A brief stint below 0.7300 in yesterday’s session following a stellar US retail sales report, while the Australian jobs data was unsurprisingly weak amid the impact . . . → Read More: Australian Dollar Forecast: Major AUD/NZD Bottom May Soon Be Approaching More than $1 billion worth of Ether (ETH) has been removed from centralized exchanges in the past 24 hours, leading to speculation about imminent price gains for Ether as supply shrinks on many trading venues. According to data shared by crypto analytics provider IntoTheBlock, $1.2 billion worth of ETH was withdrawn from centralized . . . → Read More: $1.2B in Ether withdrawn from centralized exchanges in record daily outflow Gold, XAU/USD, US Retail Sales, University of Michigan Sentiment, IGCS, Technical Analysis – Talking Points: Gold prices extended losses after US retail sales beat expectations Rosy University of Michigan Sentiment data could extend its losses Bearish Rising Wedge breakout continues to unfold, eyes on SMAs Anti-fiat gold prices weakened during Thursday’s North American . . . → Read More: Gold Price Outlook Turns to UofM Sentiment as US Dollar, Treasury Yields Rally On Thursday Avalanche’s (AVAX) price hit a new all-time high at $68.89, and over the last few months, the project has risen to challenge the Ethereum network’s dominance among smart contract platforms. According to the project’s website, the layer-one protocol is capable of surpassing 4,500 transactions per second (TPS) with a time to finality of . . . → Read More: Avalanche (AVAX) just hit a new ATH, but what’s really behind the price surge? 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. Regulatory noise In this week’s column, the Man in Shanghai is determined to squeeze all of the regulatory noise into one section . . . → Read More: Shanghai Man: China’s version of McJob meme, eCNY airdrops, Canaan’s record revenue New Zealand Dollar, NZD/USD, Business PMI, Covid, Technical Forecast – Talking Points New Zealand Dollar falls vs USD as broader risk aversion boosts haven flows NZ Business PMI falls sharply for August, detracting from recent GDP optimism NZD/USD may find support from rising moving average in flag pattern Friday’s Asia-Pacific Forecast Asia-Pacific markets . . . → Read More: New Zealand Dollar Outlook: NZD/USD Drops on US Dollar Bids, Wall Street Losses For the past 40 days, Ether (ETH) has trended modestly upward, respecting a narrow channel most of the time. It enjoyed a brief rally toward $4,000 in the first week of September, but a subsequent crash brought the price into the ascending channel. Ether price at Bitstamp in USD. Source: TradingView In August, nonfungible . . . → Read More: Ethereum options data suggests the battle for $4K ETH is at least a week away Bitcoin, El Salvador, Ether, Litecoin, Crypto, AMC – Talking Points Bitcoin initially struggled following adoption in El Salvador, S&P cites credit risks AMC announces it will accept Ether and Litecoin at movie theaters SEC regulatory risk remains, Chair Gensler calls many cryptos “securities” Advertisement Cryptocurrencies appear to be moving more mainstream by the . . . → Read More: Bitcoin Outlook: Crypto Adoption to Become Widespread in Wake of El Salvador, AMC? Australian Dollar Talking Points AUD/USD extends the decline following the larger-than-expected contraction in Australia employment as fresh data prints coming out of the US fuel speculation for an imminent shift in monetary policy. Advertisement AUD/USD Outlook Mired by Deviating Paths Between RBA & FOMC AUD/USD trades to a fresh monthly low (0.7274) . . . → Read More: AUD/USD Outlook Mired by Deviating Paths Between RBA & FOMC Altcoins continue to book notable gains on Sept. 16 as a slew of celebrity endorsements, major investments and the growing popularity of cross-chain bridges catch investors’ attention. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the . . . → Read More: Multimillion-dollar investment rounds spark rallies in Avalanche and Audius Interoperability has become one of the driving themes within the crypto market and as the blockchain ecosystem evolves into an interconnected web of layer-one protocols, the importance of communication and efficiency among decentralized applications (dApps) will also increase. Ren (REN), a blockchain protocol designed to provide interoperability and liquidity between different blockchain platforms, has . . . → Read More: 3 reasons why REN price is up 340% from its July swing low Tune in to watch Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman. Here’s what to expect in this week’s markets news breakdown: Bitcoin (BTC) once again takes aim at $50,000. Is this the final hurdle before all-time highs are within reach? The Solana network was brought . . . → Read More: BTC takes aim at $50K; Solana goes down; Is ETH ‘sound money’? | Watch The Market Report w/ Charlie Burton Resolution 215 of 2021 issued by the Banco Central de Cuba (BCC) — the country’s central bank — recognizing cryptocurrencies like Bitcoin (BTC) is now in effect. According to Cuba’s official state news agency Prensa Latina, the order became official on Wednesday. With crypto legally recognized by the BCC, Bitcoin and other cryptocurrencies can now . . . → Read More: Cuba’s cryptocurrency regulations take effect A new alt season is here — at least, according to some crypto industry commentators. Over the last month, altcoins — aka cryptocurrencies that aren’t Bitcoin (BTC) — have surged in price, with projects such as Solana, Cardano and Polkadot seeing their tokens triple in value. However, though people are screaming “alt season” . . . → Read More: Alt winds of change? What an altcoin season would mean for crypto Gold Price Talking Points The price of gold tumbles to a fresh monthly low ($1755) following the better-than-expected US Retail Sales report, and bullion may face a further decline ahead of the Federal Reserve interest rate decision on September 22 amid broad based weakness across precious metals. Advertisement Gold Price Reversal From . . . → Read More: Gold Price Reversal From July High Unfolds During Fed Blackout Period Ransomware, malicious software that encrypts computers and keeps them “locked” until a ransom is paid, is the world’s fastest-growing cyber threat, according to Coinfirm. Recent attacks on critical national infrastructure, like the Colonial Pipeline incursion that crippled oil and gas deliveries for a week along the U.S. East Coast, have set off alarms. Ransom . . . → Read More: Bitcoin ledger as a secret weapon in war against ransomware Bitcoin (BTC) must cost at least $39,000, says a new tool combining two of its most powerful metrics. In a tweet on Thursday, analyst William Clemente presented the illiquid supply floor chart — and its findings are firmly bullish for BTC. Bitcoin’s price floor rises and rises With exchange reserves dwindling and major corporate . . . → Read More: New Bitcoin price model suggests BTC won’t go below $39K again Ethereum blockchain’s native asset, Ether (ETH), faces the prospect of exploding toward $6,500 in the coming sessions. ETH looks like a cup and handle too. Thoughts? — Raoul Pal (@RaoulGMI) September 15, 2021 The bullish analogy takes cues from a textbook technical pattern dubbed “cup and handle.” In detail, a cup and . . . → Read More: Ethereum eyes $6.5K bullish target as ETH price chart paints ‘cup and handle’ AMC Entertainment will not only accept Bitcoin (BTC) payments for movie tickets by the end of 2022 but will also include other popular digital currencies in its crypto acceptance policy. Tweeting on Thursday, the company’s CEO, Adam Aron, announced plans for AMC to accept three other cryptocurrencies — Ether (ETH), Litecoin (LTC) and . . . → Read More: AMC adds Ether and Litecoin to year-end crypto adoption plans |
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