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The Stablecoin market is once again proving to be one of the most important indicators for crypto recovery after one of the most violent crashes in recent history. On Friday, Bitcoin plunged to $103,000 within minutes, triggering a wave of panic across the market as overleveraged positions were wiped out and Altcoins lost more than 80% of their value in the same period. The sudden correction left investors questioning whether this marked the end of the bull phase or simply a reset before the next leg up. Despite the chaos, key onchain data paints a more optimistic picture. Top analyst Darkfost highlights that the supply of ERC-20 stablecoins continues to grow, especially on Binance, the exchange that remains the undisputed leader in trading volume. This surge in stablecoin reserves suggests that liquidity is quietly rebuilding beneath the surface, as investors prepare for re-entry rather than full-scale retreat. In crypto cycles, rising stablecoin balances often act as a precursor to renewed buying pressure, indicating that capital is sitting on the sidelines, waiting for the right moment to return. As volatility cools down, the stablecoin supply could play a decisive role in shaping the market’s next major move. Liquidity Surges As Binance Hits Record High Reserves Darkfost shared data showing that the ERC-20 stablecoin supply on Binance has seen a massive surge over the past two months, rising by $10 billion since August, from $32 billion to $42 billion. This marks the highest level of ERC-20 stablecoin reserves ever recorded on the exchange, a significant milestone that signals renewed liquidity inflows into the market. This sharp increase in stablecoin reserves suggests two major dynamics at play. First, investors continue to deploy capital into the crypto market through stablecoins, a common precursor to renewed accumulation and trading activity. Second, Binance’s dominance in global trading volume remains unchallenged, with increasing user participation demanding more available liquidity on the platform. While part of this increase may stem from investors rotating capital back into stablecoins after the recent market crash, this explanation alone doesn’t capture the full picture. Binance typically adjusts its reserves in response to active trading behavior, meaning this spike is more likely linked to rising demand and capital readiness than to risk aversion. Despite recent volatility and sharp liquidations, the data show that liquidity is flowing back in, positioning the market for a potential rebound. If this trend continues, stablecoin accumulation on Binance could serve as the foundation for the next major leg up across Bitcoin and the broader crypto ecosystem. Stablecoin Dominance Spikes: Capital Rotates After Market Crash The chart shows a sharp rise in stablecoin dominance, which recently spiked above 9% before cooling to around 8.15%. This move reflects a rapid flight to liquidity following last week’s extreme volatility, when Bitcoin plunged below $105K and altcoins saw significant losses. Historically, such spikes in stablecoin dominance indicate that traders are exiting risk assets to hold stablecoins, waiting for market stabilization before redeploying capital. Interestingly, the pullback from 9% to 8% suggests that the panic phase may already be easing. The market appears to be entering a reaccumulation phase, where stable capital is preparing for the next major move. On a technical level, stablecoin dominance remains well above its 50-day and 200-day moving averages, signaling persistent strength in liquidity reserves. If dominance continues to consolidate near these highs while Bitcoin stabilizes, it could create the foundation for renewed inflows into risk assets. In other words, money hasn’t left the market—it’s waiting on the sidelines. Stablecoin dominance above 8% generally marks periods of strong capital positioning, often preceding new market uptrends. The current setup, therefore, highlights growing investor caution but also a buildup of dry powder that could soon reenter the market. Featured image from ChatGPT, chart from TradingView.com

Boa noite, traders. Iniciamos a semana com a confirmação de que a crise da paralisação ("shutdown") do governo dos EUA está se aprofundando, com alertas vindo dos mais altos níveis de Wall Street e do próprio governo americano. O Goldman Sachs emitiu um alerta de que o atual desligamento pode se tornar um dos mais longos da história. Corroborando a gravidade, o Secretário do Tesouro dos EUA, Bessent, declarou hoje que a situação "já está se tornando séria" e "começando a afetar a economia real". Na minha visão, estas declarações marcam o fim da esperança de uma resolução rápida. O mercado agora precisa precificar um período prolongado de disfunção política e o consequente impacto negativo no crescimento econômico. Este é um catalisador de aversão ao risco de primeira ordem. Por Igor Pereira, Analista de Mercado Financeiro, ExpertFX School Neste cenário de caos político e deterioração econômica, o capital busca refúgio em ativos reais. A performance recente do ouro é um reflexo direto desta busca por segurança. A seguir, apresentamos nossa análise completa, desde a visão de longo prazo até a estrutura técnica de curto prazo. Parte 1: A Visão de Longo Prazo — A Tese para $5.000 - $6.000 Quando um dos maiores bancos de investimento do mundo, o Bank of America, emite uma previsão, o mercado presta atenção. A análise divulgada recentemente vai além de uma simples projeção; é um estudo cíclico e histórico que aponta para uma meta audaciosa: ouro a $6.000 por onça até a primavera de 2026. 1. A Metodologia: Desvendando a Relação Ouro/Petróleo A base da análise do BofA é a relação histórica entre o preço do ouro e o do petróleo. Ao estudar os ciclos de alta passados, o banco descobriu que eles duraram em média 43 meses e viram o rácio aumentar cerca de 300%. Ao extrapolar esse padrão para o ciclo atual, chega-se à projeção de US$ 6.000/onça. 2. Análise de Igor Pereira: Por Que Esse Modelo Faz Sentido Agora? Na minha visão, a análise do BofA é a quantificação cíclica da "Tempestade Perfeita" que já está em andamento: dívida global recorde, pivô dos bancos centrais, instabilidade geopolítica (agora exacerbada pelo desligamento) e uma demanda implacável por ativos de refúgio. Minha própria projeção, baseada em modelos de fluxo de capital e na deterioração fiscal acelerada, aponta para um alvo mais conservador, porém ainda massivo, de $5.000 por onça entre o terceiro e o quarto trimestre de 2026. O consenso institucional é claro: a escala da reavaliação do ouro será histórica. Parte 2: A Confirmação Técnica — Explosão do "Markup" Enquanto as teses de longo prazo nos dão o destino, a análise técnica de curto prazo nos mostra a força da jornada. E a ação de preço das últimas horas foi uma demonstração de força extraordinária. A Nova Tese (Reacumulação): Na linguagem Wyckoff, isso significa que a estrutura era, na verdade, uma Reacumulação complexa, onde o "dinheiro inteligente" absorveu a realização de lucros para iniciar a próxima fase de alta, conhecida como "Markup". O Estado Atual e Níveis-Chave: O ouro está agora em plena fase de "Markup" e descoberta de preços, estabelecendo novas máximas históricas acima de $4.150, este nível pode determinar um novo impulso histórico de alta ou correção imbalance de curto prazo. Suporte Crítico Imediato: O antigo topo, na região de $4057, agora se torna o primeiro grande piso de suporte. Zonas de Demanda Chave: As áreas em torno de $3998 e $3972 são os próximos níveis de suporte cruciais em qualquer pullback mais profundo. Alvos de Alta 📈: Estando em território inexplorado, acima de $4150, o próximo grande alvo a ser observado é a marca de $4.200. Analisando o terminal de fluxo de ordens do ouro (XAU/USD) do Clube ExpertFX, a mensagem da microestrutura do mercado é clara: os compradores agressivos continuam no controle total do curto prazo, impulsionando o preço em uma forte tendência de alta. Principais Observações do Terminal: 1. Pressão Compradora Dominante (CVD): O Delta de Volume Cumulativo (CVD) na parte inferior do gráfico mostra que o volume de compra a mercado (352.5k) é quase o dobro do volume de venda a mercado (187.0k). Análise: Isso significa que há uma urgência e convicção muito maiores por parte dos compradores, que estão dispostos a "atravessar o spread" para garantir suas posições, absorvendo a oferta dos vendedores. 2. A "Muralha" de Venda em $4170 (Resistência): O Livro de Ordens (COB), na coluna direita, revela uma grande e densa "muralha" de ordens de venda limitada (liquidez) concentradas na região de $4170. Análise: Este é o principal alvo magnético para o preço e o maior obstáculo para a continuação da alta. O mercado provavelmente será atraído para esta zona, mas rompê-la exigirá um esforço significativo dos compradores. 3. Suporte Imediato: Abaixo do preço atual, as ordens de compra mais significativas (suporte) estão agrupadas em torno de $4130 - $4125. A estrutura de curto prazo é inequivocamente altista. O caminho de menor resistência é continuar subindo para testar a grande zona de resistência e liquidez em $4170. A estratégia de maior probabilidade é buscar por oportunidades de compra em qualquer recuo em direção à zona de suporte de $4130, alinhando-se com a força dominante do CVD. Apenas uma perda decisiva deste suporte colocaria o forte momentum de alta de curto prazo em dúvida. A batalha da sessão será entre a forte agressão compradora e a muralha de venda que os aguarda. Conclusão de Igor Pereira: Sincronia Perfeita A semana se inicia com uma sincronia perfeita entre a análise fundamental e a técnica. A crise do "shutdown" em Washington fornece o combustível fundamental para a fuga para a segurança, enquanto a ação de preço de curto prazo confirma essa tese de forma brutal, invalidando padrões de baixa e demonstrando uma força compradora implacável. A mensagem é inequívoca. A tendência é de alta em todos os timeframes. A estratégia permanece a mesma, mas com convicção redobrada: cada recuo para as novas zonas de suporte ($4057, $3998) é uma oportunidade estratégica para se alinhar com o que está se provando ser um dos mais poderosos mercados de alta da nossa geração.

Bitcoin price corrected losses and traded above the $114,200 level. BTC is now struggling and might face hurdles near the $116,000 level. Bitcoin started a recovery wave above the $114,000 resistance level. The price is trading below $115,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $119,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $112,500 zone. Bitcoin Price Faces Hurdles Bitcoin price started a recovery wave above the $110,000 pivot level. BTC recovered above the $112,500 and $113,200 resistance levels. The price climbed above the 50% Fib retracement level of the main drop from the $123,750 swing high to the $100,000 low. The bulls even pushed the price above the $114,000 resistance level. However, there are many hurdles on the upside. Bitcoin is now trading below $116,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $119,250 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $115,000 level. The first key resistance is near the $116,000 level. The next resistance could be $118,150 and the 76.4% Fib retracement level of the main drop from the $123,750 swing high to the $100,000 low. A close above the $118,150 resistance might send the price further higher. In the stated case, the price could rise and test the $119,250 resistance and the trend line. Any more gains might send the price toward the $120,000 level. The next barrier for the bulls could be $122,500. Another Drop In BTC? If Bitcoin fails to rise above the $115,000 resistance zone, it could start a fresh decline. Immediate support is near the $113,600 level. The first major support is near the $112,500 level. The next support is now near the $111,200 zone. Any more losses might send the price toward the $110,500 support in the near term. The main support sits at $110,000, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $113,500, followed by $112,500. Major Resistance Levels – $115,000 and $116,000.

GBP/USD 5M Analysis On Monday, the GBP/USD currency pair declined slightly once again, but the moment of truth is approaching. Price action is now very close to the second successive descending trendline, which could be breached as early as this week. The Ichimoku Kijun-sen line is also nearby, so both technical barriers may be overcome simultaneously. We continue to view the current downturn in the pair as completely illogical and unjustified. Over the past 2–3 weeks, there hasn't been enough negative news for the British pound—or positive data for the dollar—to warrant such sustained pressure on GBP/USD. Many of the reasons behind this move seem fabricated. For instance, the political crisis in France has nothing to do with the pound—and such "crises" in the EU occur every couple of months. Therefore, we again emphasize to traders that the daily timeframe shows the formation of a broad flat pattern, while the broader 2025 uptrend remains intact. We continue to expect further gains in the British pound. Market participants are actively ignoring events that are fundamentally bearish for the dollar, likely due to large-scale price manipulation by market makers. These big players may be giving the illusion of a downtrend to encourage unwarranted selling. On the 5-minute chart, not a single trading signal was generated on Monday. Therefore, opening any positions was not advisable. Even on the lowest timeframes, market movement is choppy at best—and lacks any clear logic. COT Report COT (Commitment of Traders) data for the British pound shows that commercial trader sentiment has been shifting frequently over recent years. The red and blue lines—representing net positions of commercial and non-commercial traders—are constantly crossing and generally hover near the zero line. Currently, both lines are nearly aligned, indicating a relatively equal number of buy and sell positions. The U.S. dollar continues to weaken, mainly due to Donald Trump's policies. As a result, market maker interest in the pound has become less relevant. The trade war will continue in one form or another for the foreseeable future. The Federal Reserve is expected to cut rates over the next year, meaning downward pressure on the dollar will persist. According to the latest data, non-commercial traders opened 3,700 new long positions and closed 900 shorts during the reporting week. Thus, the net position grew by 4,600 contracts. The British pound has rallied significantly in 2025, primarily due to Trump's agenda. If and when this factor fades, the dollar may regain strength—but when that will happen, no one knows. In any case, net positioning trends suggest more consistent dollar weakness than pound weakness. GBP/USD 1H Analysis On the hourly timeframe, GBP/USD continues to form a downward trend. This only reinforces how disconnected the movement is from any fundamental basis. The dollar still lacks a major reason to strengthen—so we expect the 2025 uptrend to resume under almost any macroeconomic scenario. For now, the market is waiting for the price to break the trendline and ideally confirm a close above the Ichimoku Kijun-sen line. On October 14, we highlight the following important levels: 1.3125, 1.3212, 1.3307, 1.3369-1.3377, 1.3420, 1.3533-1.3548, 1.3584, 1.3681, 1.3763, 1.3833, 1.3886. The Senkou Span B (1.3424) and Kijun-sen (1.3356) lines may also be sources of signals. It is recommended to set the Stop Loss level at break-even when the price moves in the right direction by 20 pips. The Ichimoku indicator lines may move during the day, which should be taken into account when determining trading signals. On Tuesday, the U.K. will publish relatively important reports on unemployment, jobless claims, and wage growth. In the U.S., Jerome Powell is scheduled to speak, but no impactful commentary is expected. Trading RecommendationsToday, traders can plan entries based on the 1.3369–1.3377 zone or the 1.3307 level. A bounce from 1.3307 would provide a good setup for long positions and may even signal the start of a new uptrend on the hourly chart. A confirmed drop below 1.3307 would make short positions relevant with a near-term target at 1.3212. Chart Legend:Support and resistance levels (thick red lines) – indicate where movement may pause or reverse. They are not automatic trade signals.Kijun-sen and Senkou Span B – strong indicator lines from the Ichimoku system, adapted from the 4-hour chart to the 1-hour chart.Extremum levels (thin red lines) – past significant highs and lows; potential signal zones.Yellow lines – trendlines, channels, and other technical patterns.COT Indicator 1 – Shows net position data by trader category.The material has been provided by InstaForex Company - www.instaforex.com

EUR/USD 5M Analysis On Monday, the EUR/USD currency pair once again traded lower, despite having no fundamental reason to do so. There were no economic reports, and no meaningful speeches occurred on the first trading day of the week. Only Donald Trump, who triggered crashes in both crypto and equity markets on Friday, surfaced to say that things "will be fine" between the U.S. and China. Thanks for that. As before, we view the recent strength in the U.S. dollar as completely illogical. There are no fundamental or macroeconomic justifications for dollar appreciation at this time. The situation is starting to resemble the recent crypto crash, when prices dropped dramatically in just 15 minutes without a clear cause—later attributed to Trump's tariff announcements. It doesn't matter if he rolls out tariffs every other day; moves of that scale still surprise. Thus, we interpret the current decline in EUR/USD simply as a phase to be waited out. If technicals and fundamentals both pointed to a decline, there would be no question. But selling the pair while every indicator and report suggests "buy" is not the wisest strategy. Intraday short positions are still valid—EUR/USD can fall locally for several more weeks. However, in the medium term, the outlook remains bullish. On the 5-minute chart, two sell signals were generated yesterday. The price first bounced off the critical line, then broke through the 1.1604–1.1615 area. These setups allowed traders to open short positions and manually close them for a profit by the evening. COT Report The latest Commitment of Traders (COT) report is dated September 23. It clearly shows that the net position of non-commercial traders had long remained bullish. Bears briefly took over at the end of 2024, only to quickly lose control again. Since Trump began his second term as U.S. president, the dollar has consistently fallen. We cannot guarantee that the dollar will continue to decline with 100% certainty, but current global conditions suggest that outcome is likely. We still see no fundamental reasons for euro strength, but numerous factors support continued dollar weakness. The global downtrend remains intact, but at this point, historical price direction over the past 17 years is increasingly irrelevant. Once Trump ends his trade wars, the dollar might start to rise—but events so far suggest the conflict is far from over. The potential loss of Fed independence remains a major bearish factor for the U.S. currency. As shown in the chart, the red and blue lines (longs vs. shorts) indicate that the bullish trend continues. During the last reporting week, non-commercial longs decreased by 800 contracts, while shorts increased by 2,600. As a result, the net position declined by 3,400 contracts. EUR/USD 1H Analysis On the hourly timeframe, EUR/USD may have completed its downward trend last week. The trendline has been broken, and now the euro needs to consolidate above the Kijun-sen line. If it does, we can expect further upside—at least up to the Senkou Span B line. We believe the euro has long been overdue for a stronger rally. On October 14, we highlight the following levels for trading: 1.1234, 1.1274, 1.1362, 1.1426, 1.1534, 1.1604-1.1615, 1.1657-1.1666, 1.1750-1.1760, 1.1846-1.1857, 1.1922, 1.1971-1.1988, as well as the Senkou Span B (1.1712) and Kijun-sen (1.1614) lines. The Ichimoku indicator lines may move during the day, which should be taken into account when determining trading signals. Do not forget to place a stop-loss order at breakeven if the price has moved 15 pips in the right direction. This will protect you from possible losses if the signal turns out to be false. On Tuesday, Germany will publish final inflation data for September and the ZEW Economic Sentiment Index. However, all three reports are considered secondary, and any market reaction is expected to be mild. Later in the day, Jerome Powell is scheduled to speak, though no major remarks are anticipated at this time. Trading RecommendationsOn Tuesday, traders can trade within the 1.1604–1.1615 area and from the 1.1534 level. A confirmed breakout above the Kijun-sen line is now required to initiate a sustained uptrend. Otherwise, the dollar may continue its unjustified rise. Chart Legend:Support and resistance levels (thick red lines) – indicate where movement may pause or reverse. They are not automatic trade signals.Kijun-sen and Senkou Span B – strong indicator lines from the Ichimoku system, adapted from the 4-hour chart to the 1-hour chart.Extremum levels (thin red lines) – past significant highs and lows; potential signal zones.Yellow lines – trendlines, channels, and other technical patterns.COT Indicator 1 – Shows net position data by trader category.The material has been provided by InstaForex Company - www.instaforex.com

Join OANDA Senior Market Analyst Kelvin Wong and podcast host Jonny Hart as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities, and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

An analyst has revealed the key Bitcoin charts that could be to keep an eye on while Bitcoin is slowly making recovery from its latest crash. These Bitcoin Charts Could Be Ones To Watch In a shock to the market, Bitcoin ended last week with a steep crash, falling from above $122,000 to below $110,000. The coin managed to make some recovery on Sunday, and that rebound has held so far into Monday. However, while BTC appears to be rebuilding its structure, its direction remains unclear, as noted by CryptoQuant community analyst Maartunn in an X thread. Maartunn has shared a few key charts that could determine whether the recovery will hold or fade. First, the analyst has revealed a chart that points out a similarity between the recent Bitcoin price action and the November 2021 bull market top. As displayed in the above graph, BTC broke above its weekly resistance with the recent price rally, but immediately fell below the line after the crash. A similar failed breakout also took place back in November 2021. According to Maartunn, such a trend typically signals exhaustion. On-chain data also suggests the cryptocurrency is currently trapped below a notable resistance level, as the chart for the UPRD shows. The UTXO Realized Price Distribution (URPD) here is an indicator that tells us about the amount of Bitcoin that was last purchased/transferred at the various price levels that the asset has visited in its history. From the metric’s chart, it’s visible that a significant amount of supply has its cost basis between $117,500 to $120,000. The holders of these coins would naturally be underwater right now, so there is a chance that if BTC recovers to their break-even level, they might panic sell, fearing going into losses again. Given the scale of the supply involved, selling pressure of this kind could be notable on a retest of the range, potentially making it a major resistance barrier for the asset. A support level that could be key is the average cost basis or Realized Price of the short-term holders (STHs). The line has historically helped the asset find a rebound during bullish trends, with three instances of the trend occurring within the last six weeks alone. The analyst has warned, however, that conviction among the cohort is fading. The Market Value to Realized Value (MVRV) Ratio suggests profitability among the Bitcoin STHs has been following a long-term decline, with the boundary level of 1 again being retested. “If this level breaks, expect downside. If it holds, it confirms demand — but manage risk accordingly!” noted Maartunn in the thread. BTC Price At the time of writing, Bitcoin is floating around $114,100, down over 8% in the last seven days.

Ethereum is showing early signs of recovery after a dramatic sell-off on Friday that sent prices plunging to $3,450. The drop came amid what analysts describe as the largest liquidation event in crypto market history, wiping out billions in leveraged positions across major exchanges. While bulls briefly lost control during the panic, ETH has since begun to stabilize, with renewed buying interest emerging near key demand zones. Onchain analyst Maartunn highlighted that leverage is once again building up on Ethereum, signaling that traders are returning to the market following the reset. According to his data, open interest on ETH surged significantly over the past 24 hours — a sign that speculative activity is resuming as volatility cools. This renewed leverage could set the stage for another decisive move, either fueling a short-term relief rally or inviting further liquidations if momentum fades. The coming days will be crucial for Ethereum, as bulls attempt to reclaim the $4,000 level to confirm a sustainable recovery. Market sentiment remains cautious but optimistic, with onchain data showing large holders and institutions continuing to accumulate ETH despite recent turbulence — a potential signal of long-term confidence in the asset’s resilience. Leverage Returns to Ethereum: A Risky Revival In Market Activity According to Maartunn, Ethereum’s Open Interest has surged by +8.2% within the past 24 hours — a clear sign that leverage is flowing back into the market. This rapid rise comes just days after the largest liquidation event in crypto history, where overleveraged traders were wiped out during the sudden crash. Now, it seems many are trying to “trade their money back,” reigniting short-term volatility and speculation across exchanges. Maartunn notes that while these so-called “revenge pumps” often create strong intraday rallies, they rarely sustain long-term momentum. Historically, around 75% of similar leverage-driven recoveries tend to revert, leading to renewed pullbacks once liquidity and funding rates normalize. Only about 25% manage to extend into lasting uptrends, typically when supported by fresh spot buying or renewed institutional inflows. This data underscores the precarious balance Ethereum currently faces. The jump in Open Interest signals revived market participation, but also introduces the risk of another wave of forced liquidations if traders overextend their positions. For now, ETH’s short-term recovery remains largely fueled by derivatives activity rather than spot demand. The next few days will be pivotal in determining Ethereum’s direction. If price holds above the $4,000 region with sustained volume, it could confirm that bulls are regaining control. However, a sudden drop in Open Interest or sharp funding spikes could signal that the rally is overextended — setting the stage for another correction. Ethereum Rebounds, But Resistance Looms Ahead Ethereum is showing a solid recovery after last week’s dramatic sell-off that drove prices down to the $3,450 level. The daily chart shows that ETH quickly rebounded from the 200-day moving average (red line), confirming it as a major area of demand. Price is now consolidating near $4,150, attempting to build momentum after a strong bullish candle on high volume — a potential sign that buyers are regaining control. However, ETH faces immediate resistance near the $4,250–$4,300 zone, which coincides with the 50-day moving average (blue line). This area previously acted as strong support, and reclaiming it would be essential for confirming a shift back into bullish structure. The 100-day moving average (green line) is now flattening, reflecting the market’s cautious sentiment following the massive liquidation event. If bulls manage to sustain price action above $4,000, the next targets lie near $4,500 and eventually $4,750. Conversely, failure to hold the 200-day MA could open the door to a deeper retest of $3,600 or lower. For now, Ethereum’s recovery remains technically constructive, but it must overcome these resistance levels to confirm that the recent rebound is more than just a short-term reaction to oversold conditions. Featured image from ChatGPT, chart from TradingView.com

Mantle (MNT) has reignited its bullish momentum, surging 30% in the past 24 hours to reclaim the $2.20 level after dipping as low as $1.50 over the weekend. The swift rebound underscores renewed buyer confidence following last week’s sharp correction from record highs. While MNT remains below its $2.84–$2.86 all-time high, the strong recovery suggests bulls are regaining control, potentially setting the stage for another push toward the upper range if momentum holds. Spot activity exploded, with daily trading volume up more than 60% to about $1.2 billion, while futures open interest climbed 9% to $269.7 million, a signal that speculative demand is accelerating alongside spot buying. Fundamental Tailwinds: RWAs, Stablecoin Liquidity, and Exchange Distribution Beyond the chart, Mantle’s rally is grounded in clear catalysts. The network’s Tokenization-as-a-Service (TaaS)stack is pulling real-world asset issuers on-chain, while the launch of USD1, a new stablecoin building on Mantle, is injecting fresh liquidity and utility into its DeFi rails. Distribution is another edge: Mantle’s deepening Bybit integration (treasury programs, listings, and roadmap alignment) is funneling sustained order flow, not just one-off hype. Analysts also highlight Mantle’s modular design (execution on Mantle with EigenDA for data availability and OP-stack upgrades) that lowers costs and improves throughput, important for tokenization, trading, and payments use cases. Can Mantle (MNT) Bulls Clear $3? The Levels and Scenarios Momentum favors further upside as a decisive close above $2.87 could open the door to $3.00, with extended targets near $3.60 if volume and open interest continue to rise. On the downside, $2.50–$2.55 is initial intraday support, followed by the must-hold $1.90–$2.00 zone; losing that would risk a deeper retrace toward $1.60–$1.75 where buyers last reloaded. For now, breadth (spot + derivatives), rising participation, and a tight, orderly trend argue for trend continuation rather than a blow-off top. Technically, MNT’s clean breakout above $2.00 was followed by strong follow-through and a steady series of higher lows. As long as price holds the $1.90–$2.00 demand zone, the bull structure remains intact, with traders eyeing $2.87 (recent high) and the psychological $3.00 mark next. Cover image from ChatGPT, MNTUSD chart from Tradingview

Binance has confirmed that it reimbursed $283 million to users affected by a recent wave of liquidations triggered by asset depegging during sharp market volatility. The compensation was issued after USDe, BNSOL, and wBETH briefly lost their pegs, leading to a cascade of liquidations across several trading products. According to Binance, the reimbursement process was completed within 24 hours. Despite the chaos, the exchange stated that its core systems stayed functional throughout. It attributed the disruption to overall market conditions rather than any internal technical failure. What Actually Happened on October 10 On October 10, a sudden market crash sparked widespread forced liquidations across multiple platforms. Binance said that this extreme volatility was the backdrop for the depegging events involving three key assets: USDe, which is a synthetic dollar token, BNSOL, which tracks liquid staked Solana, and wBETH, which is a wrapped version of staked Ether. Each of these briefly detached from their expected values. Traders saw massive price swings, and in some cases, tokens appeared to hit zero. Binance later clarified that some of these “zero price” events were due to visual display errors, not actual price drops to zero. Nonetheless, the impact on trading positions was real. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in October2025 Who Got Paid and How It Was Calculated The $283 million payout covered users whose positions were liquidated while using any of the affected tokens as collateral across Binance’s margin, futures, or loan services. The exchange calculated compensation by comparing the liquidation prices to external market reference prices recorded at midnight UTC on the following day. Market Cap 24h 7d 30d 1y All Time Aside from the liquidations, Binance also acknowledged delays in internal transfers and Earn product redemptions. It promised automatic compensation within 72 hours for users affected by those issues and said those cases are being reviewed separately. A Move That Speaks to More Than Just Money The scale and speed of the reimbursement caught attention. Some market watchers noted that this kind of rapid payout is rare. While the move clearly covered financial losses, some believe it was also aimed at reinforcing user trust, especially in the wake of recent leadership changes and scrutiny directed at centralized exchanges. Analysts noted that although $283 million is a large sum, it still represents a small portion of Binance’s total trading volume and reserves. Even so, the gesture stood out as repeated crises in recent months have tested trust in centralized platforms. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What Binance Is Doing to Prevent a Repeat To reduce the risk of similar problems in the future, Binance has announced it will include redemption pricing in its price index calculations for certain assets. It also introduced minimum price thresholds for USDe, aiming to prevent major discrepancies during market stress. The platform also committed to ongoing monitoring and said it would report any suspicious activity related to the incident to regulators. This event has highlighted just how fast liquidity issues can ripple through the system, and it has put pressure on platforms to respond quickly and transparently. Whether this episode restores long-term confidence or sparks more questions will depend on what happens next. Binance’s response was swift, but the stakes for getting it right will only grow from here. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Binance reimbursed $283 million to users affected by the October 10 depeg incident involving USDe, BNSOL, and wBETH. Binance issued Compensation within 24 hours, covering liquidations across margin, futures, and loan products. Some tokens appeared to hit zero due to display errors, but the trading losses were real and triggered forced liquidations. Binance said the issue was market-driven, not a technical failure, and has since added pricing protections to reduce future risk. Analysts saw the payout as a move to restore user trust, especially as centralized exchanges face ongoing scrutiny. The post Binance Pays $283 Million After Depeg Triggers Liquidations appeared first on 99Bitcoins.

BlackRock CEO Larry Fink has taken a noticeably different tone on Bitcoin. The man who once dismissed it as a tool for money launderers now calls it a legitimate “alternative” investment. He said he’s had to go back and challenge some of his earlier assumptions about the crypto world. In a recent CBS interview, Fink admitted that back in 2017, he considered Bitcoin to be mostly used by criminals. He openly acknowledged calling it “an index of money laundering.” That view, it seems, has changed dramatically. Today, he compares Bitcoin to gold. Not as a replacement for traditional investments, but as something that could sit alongside them in a well-diversified portfolio. It’s an Option, Not the Main Course Fink made it clear that while crypto may have a role to play, it should be a small one. He sees it as a way to add diversification, not something to bet the house on. The volatility, he says, is still a real concern. His take reflects what’s happening more widely in traditional finance. Institutions are warming up to crypto, but the approach is cautious. Nobody’s diving in headfirst. They’re dipping a toe, watching closely, and trying not to get burned. DISCOVER: 20+ Next Crypto to Explode in 2025 BlackRock’s Quiet Push Into Crypto BlackRock is not standing still. Under Fink’s leadership, the company has launched several crypto-related products. One of the most notable is its iShares Bitcoin Trust, which rolled out in 2024. That ETF has quickly become the biggest of its kind, reportedly managing nearly $94 billion in assets. Market Cap 24h 7d 30d 1y All Time Interestingly, Fink said that about half of the demand for this fund has come from retail investors. Even more surprising, most of them weren’t existing iShares customers. That suggests Bitcoin might be pulling in a different kind of investor—people who haven’t been interested in traditional funds but are curious about crypto. A Bigger Trend Is Taking Shape Industry watchers see Fink’s new stance as a sign of something bigger. Fabian Dori, the Chief Investment Officer at Sygnum, said crypto is starting to move from just institutional curiosity to actual adoption. He pointed to global uncertainty and fears around currency debasement as driving interest. Some believe Bitcoin could even become a reserve-like asset in the future, especially if concerns over US debt continue. Big firms like Fidelity and BlackRock are already weaving Bitcoin exposure into their products. Companies like Tesla have added it to their treasuries. It’s not just talk anymore. DISCOVER: Best New Cryptocurrencies to Invest in 2025 But Not Everyone’s Convinced Skepticism hasn’t gone away. UK firm Hargreaves Lansdown recently warned that Bitcoin has no intrinsic value and isn’t reliable for meeting long-term financial goals. Still, they’ve opened access to crypto products for certain clients, showing that hesitation doesn’t always lead to refusal. Meanwhile, the price swings continue. Bitcoin dropped from above $121,000 before bouncing back past $115,000. That kind of volatility keeps some investors excited and others far away. A Step Toward the Middle Fink’s comments suggest a middle path. He’s not fully embracing crypto, but he’s no longer writing it off either. Bitcoin is now on his radar as a real option, just not a primary one. His shift might reflect a broader rethinking happening across the financial world. Crypto may not replace the old system, but it’s carving out a place alongside it. Institutions are starting to take notice, and Fink’s new tone could be a sign of more change to come. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Larry Fink admitted he was wrong about Bitcoin, shifting from calling it an “index of money laundering” to seeing it as a legitimate alternative asset. Fink now compares Bitcoin to gold, saying it can add diversification to portfolios, but warns it should only play a small role due to its volatility. BlackRock has launched crypto products under Fink’s leadership, including the iShares Bitcoin Trust, which has grown to nearly $94 billion in assets. Fink revealed that half the demand for BlackRock’s Bitcoin ETF has come from retail investors, many of whom weren’t previous iShares customers. His updated view reflects a broader shift in traditional finance, where institutions are beginning to treat Bitcoin as a real option rather than ignoring it entirely. The post BlackRock CEO Larry Fink Now Believes Bitcoin “Serves Same Purpose as Gold” appeared first on 99Bitcoins.

Singapore’s High Court has given the green light to a restructuring plan for crypto exchange WazirX, clearing a major obstacle in the company’s effort to repay users after last year’s large theft. According to reports, the court’s approval on October 13 allows the exchange to move ahead with a court-supervised recovery process tied to the $234 million hack that hit the platform in July 2024. Creditor Vote And Numbers Based on reports from the company, the revised plan won broad backing from affected account holders. In an August revote, 95.7% of participating scheme creditors voted in favor, and those votes came from 143,190 participating creditors representing about $196 million in approved claims. The strong turnout and result were used by WazirX to press its case to the Singapore court. The hack itself exploited a Safe Multisig wallet in mid-July 2024 and drained a large pool of user funds. Investigations and media accounts linked the breach to advanced cyber operators, and the theft forced WazirX to freeze both crypto and rupee withdrawals while legal options were explored. What Users Will Receive According to several outlets, users may recover a substantial portion of lost funds under the approved plan. Reports have said recoveries could reach up to 55% of the losses, delivered as a mix of immediate liquid payments and so-called Recovery Tokens that represent remaining claims to be fulfilled over time. WazirX has said the first wave of payouts — in stablecoin or USDT equivalent — would follow once the scheme takes effect. That mix means some users will get cash-equivalent payments quickly while others will hold tokens that the company intends to redeem as it regains assets or generates revenue. The plan shifts part of the repayment responsibility to entities inside India to comply with local rules, a change that was highlighted during court rounds. The road to approval was not straight. The Singapore court had earlier rejected a first version of the scheme after judges raised questions over the plan’s structure and oversight. That decision forced WazirX and its advisers to rework the proposal and secure a fresh vote from creditors before returning to court. Next Steps And Timeline If the scheme becomes effective under the court’s timetable, WazirX says distributions of available liquid assets will begin within 10 business days. That window is expected to trigger the initial USDT transfers while RTs are recorded for the remainder of approved claims. The exchange will still need to finish legal formalities and coordinate with payment processors and regulators. Featured image from Pixabay, chart from TradingView

As the dust settles over a dramatic mass liquidation weekend, crypto prices are recovering, but with open interest already rising – what does it mean for Uptober? Leverage is quietly returning to the crypto market just as “Uptober” begins, a month known for strong Bitcoin rallies. Over the past 24 hours, derivatives traders have started rebuilding their positions after the weekend’s massive wipeout. Bitcoin’s futures open interest has bounced, and funding conditions are stabilizing across major exchanges. This rebound on October 13 comes as Bitcoin price steadies near $115,000. Market Cap 24h 7d 30d 1y All Time Rising leverage during a bullish seasonal trend can magnify both profits and losses as traders position for October’s historical strength. After last week’s $500 billion market drawdown and record liquidations, sentiment improved. (Source: Coinglass) Will Uptober’s Historic Trend Push Bitcoin and Ether Even Higher? Spot prices and overall market capitalization climbed back above $4 trillion, supported by calmer macro conditions and bargain hunting. Source: Coingecko The earlier $19 billion wipeout, which hit more than 1.6M traders, explains why leverage is rebuilding slowly. Seasonal trends are also helping sentiment. Since 2013, October has been one of Bitcoin’s strongest months on average, a pattern traders call “Uptober.” History doesn’t guarantee outcomes, but it often gives buyers more confidence after sharp corrections like this one. DISCOVER: Best Meme Coin ICOs to Invest in 2025 A Glance at Open Interest: Is the Uptober Rally Backed by Sustainable Market Activity? Data from Coinglass shows Bitcoin’s futures open interest rising again after the early-month liquidations. (Source: Coinglass) The recovery in OI signals that traders are cautiously adding positions, a typical sign at the start of “Uptober,” when leverage begins to return to the market. From early October, open interest (OI) has climbed back toward the $26-$28 billion range, tracking Bitcoin’s rebound above $115,000. The chart shows a close link between rising OI and Bitcoin’s upward momentum, suggesting that traders are reopening long positions as confidence returns. This occurred after the price dropped sharply in late September, resulting in one of the largest OI declines of the year. The consistent increase in the OI when prices are stable is usually an indication of renewed faith in the market, as opposed to excessive speculation. However, when OI grows too rapidly without corresponding spot demand, it can indicate that it is over-leveraging a structure that can regularly result in yet another round of liquidations. The Uptober activity is currently gaining momentum, as evidenced by measured OI and price increments, indicating that the Uptober activity is catching on with measured derivatives trading. The next few days will confirm whether this leverage accumulation can help the market continue its upward trend or not. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post What Does Open Interest Mean For Uptober As Market Recovers? appeared first on 99Bitcoins.

In recent years, central banks have been preoccupied with monetary easing, and few in the market have considered the question: who will be the first to raise interest rates again? That central bank could potentially be the European Central Bank (ECB), which was the first to cut rates to "neutral" levels and the first to return inflation to its target. Therefore, a moment may come in the future when inflation starts to accelerate again, prompting the ECB to take a more hawkish stance. Among major central banks, the ECB appears closest to that point. The Consumer Price Index (CPI) in the eurozone remains slightly above 2%. However, according to ECB President Christine Lagarde and several other policymakers, inflationary risks persist due to factors such as Trump's trade war, rising global energy prices, and continued geopolitical uncertainty. Therefore, an inflation acceleration scenario is not fiction. Economists at Deutsche Bank also project that inflation will gradually increase over the next 1–2 years. As a result, the ECB could deliver its first interest rate hike since the COVID-19 era by the end of 2026. Of course, this is a long-term prospect, and because global conditions evolve rapidly, forecasting an entire year ahead is questionable. Still, such forecasts reflect a key point: among the three major central banks that influence EUR/USD and GBP/USD, the ECB may adopt the most hawkish stance. This is very favorable news for the euro, as its overall news backdrop remains relatively strong. Meanwhile, the Federal Reserve is expected to remain dovish over the next year, and the British pound is also closely tied to this softer tone. Even focusing only on monetary policy, one could argue that demand for the euro and pound will continue to increase, while interest in the U.S. dollar may wane. Wave Analysis for EUR/USDAccording to the analysis of EUR/USD, the pair continues building an upward segment of the trend. The wave structure still depends heavily on developments aligned with Trump's decisions and the internal and foreign policy of the new U.S. administration. The targets for the current bullish wave may extend as far as the 1.2500 range. A complex corrective wave 4 is currently forming and nearing completion—although it's unfolding in a very intricate manner. The broader bullish framework remains valid. Therefore, in the near term, I continue to consider only long positions, even though the corrective a-b-c wave structure has not fully concluded yet. By year-end, I expect EUR/USD to rise to 1.2245, which corresponds to the 200.0% Fibonacci. Wave Analysis for GBP/USDThe wave structure of GBP/USD has changed. The pair remains within a larger upward impulsive move, but its internal structure has become more complex. Wave 4 is taking shape as a complicated three-wave correction—significantly longer in duration and range than wave 2. At present, we are witnessing the formation of another three-wave corrective structure, which may soon reach completion. If confirmed, the broader uptrend may resume, with initial upside targets in the 1.3800 to 1.4000 range. Core Principles of My Analysis:Wave structures should be simple and easy to interpret. Complex patterns are harder to trade and are more prone to change.If you're uncertain about the market's direction, it's better not to enter at all.There is no such thing as 100% certainty in market movement. Always use stop-loss orders.Elliott Wave analysis can be combined with other types of market analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

It is also noted that Chinese companies are not only actively seeking alternative markets but are also using third countries to route their goods into the United States. I wrote about this back in the summer. The practice of bypassing sanctions through intermediary countries is widely used worldwide. For example, if China cannot export goods directly to the U.S. due to high tariffs, those same goods can be shipped first to South Korea or Japan and then re-exported to the United States under the guise of Korean or Japanese origin. The added costs for logistics and reprocessing are far less than the draconian tariffs imposed by Trump. It's well understood in financial markets that when tariffs exceed 100%, their purpose is not really to collect revenue. At those levels, cross-border trade ceases almost entirely. Trump is essentially blackmailing China with access to the U.S. market. The message: meet my conditions, or trade stops altogether. But for six months now, China has shown that while it values access to the U.S., other markets are willing and ready to buy Chinese goods. Beijing's decision to restrict exports of rare-earth metals is a calculated countermove by Xi Jinping. The Chinese leader is demonstrating that his country is capable of not only retaliatory actions but also offensive ones. If China's industries are no longer reliant on the American market, why not strike against their largest competitor? Trump quickly responded to Xi's decision but framed the situation as if China were hurting the entire world, not just the United States. In reality, China has shown no aggression toward the EU or other nations with amicable relations. Regardless of Trump's tariffs, Chinese goods remain highly competitive—unlike the prohibitively expensive products made in the U.S. and Europe. Western goods are essentially luxury items for the wealthy, whereas Chinese products define the global mass-market, used by approximately 80% of the global population. In this light, China won't be lost without access to the U.S. market. But the U.S. may soon find itself cut off from vital rare-earth materials—or forced to import them indirectly through intermediary countries. Wave Analysis for EUR/USDAccording to the analysis of EUR/USD, the pair continues building an upward segment of the trend. The wave structure still depends heavily on developments aligned with Trump's decisions and the internal and foreign policy of the new U.S. administration. The targets for the current bullish wave may extend as far as the 1.2500 range. A complex corrective wave 4 is currently forming and nearing completion—although it's unfolding in a very intricate manner. The broader bullish framework remains valid. Therefore, in the near term, I continue to consider only long positions, even though the corrective a-b-c wave structure has not fully concluded yet. By year-end, I expect EUR/USD to rise to 1.2245, which corresponds to the 200.0% Fibonacci. Wave Analysis for GBP/USDThe wave structure of GBP/USD has changed. The pair remains within a larger upward impulsive move, but its internal structure has become more complex. Wave 4 is taking shape as a complicated three-wave correction—significantly longer in duration and range than wave 2. At present, we are witnessing the formation of another three-wave corrective structure, which may soon reach completion. If confirmed, the broader uptrend may resume, with initial upside targets in the 1.3800 to 1.4000 range. Core Principles of My Analysis:Wave structures should be simple and easy to interpret. Complex patterns are harder to trade and are more prone to change.If you're uncertain about the market's direction, it's better not to enter at all.There is no such thing as 100% certainty in market movement. Always use stop-loss orders.Elliott Wave analysis can be combined with other types of market analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

One of the most notable developments on Monday was the release of China's export and import statistics. The data revealed that in September, China's export volume not only increased but exceeded market expectations by a wide margin. What relevance does this have to EUR/USD and GBP/USD? Direct relevance—even though the U.S. dollar has been strengthening recently, which, to say the least, contradicts the news backdrop, though it partially matches the wave structure. So, export volumes are rising. This means China is successfully exporting more goods to other countries—excluding the U.S. Exports rose by 8.3% in September, and the trade surplus reached $90 billion. For context, for over a month now, Chinese imports to the U.S. have been subject to a flat 30% tariff. Chinese goods in the U.S. have become a third more expensive, yet exports are still increasing. This is only possible if China redirects more of its trade toward other regions. Essentially, China is carrying out a deliberate policy of risk diversification—namely, reducing reliance on U.S. markets amid an increasingly antagonistic trading environment under Donald Trump. Beijing understands well that Trump won't let it operate freely within the U.S. market. His stance boils down to: "If you want access to our market, comply with our list of conditions," which is constantly growing, often through ultimatums. Ironically, export figures to the U.S. aren't just falling—they're collapsing. For six straight months, Chinese exports to the U.S. have dropped by double-digit percentages. Meanwhile, exports to the EU, Africa, and Latin America are rising. China is signaling that global demand for its goods remains robust. The U.S. market may be attractive, but it is not irreplaceable. Ahead of upcoming negotiations with Washington, Beijing is significantly strengthening its hand. Recall that Trump announced a 100% tariff hike on Chinese goods starting on November 1. But by now, these tariffs may have lost their leverage—China's export flows and GDP may be minimally affected. If the U.S. doesn't want cheap Chinese goods, that's fine—China will sell them to other countries without the baggage of demands attached. Wave Analysis for EUR/USDAccording to the analysis of EUR/USD, the pair continues building an upward segment of the trend. The wave structure still depends heavily on developments aligned with Trump's decisions and the internal and foreign policy of the new U.S. administration. The targets for the current bullish wave may extend as far as the 1.2500 range. A complex corrective wave 4 is currently forming and nearing completion—although it's unfolding in a very intricate manner. The broader bullish framework remains valid. Therefore, in the near term, I continue to consider only long positions, even though the corrective a-b-c wave structure has not fully concluded yet. By year-end, I expect EUR/USD to rise to 1.2245, which corresponds to the 200.0% Fibonacci. Wave Analysis for GBP/USDThe wave structure of GBP/USD has changed. The pair remains within a larger upward impulsive move, but its internal structure has become more complex. Wave 4 is taking shape as a complicated three-wave correction—significantly longer in duration and range than wave 2. At present, we are witnessing the formation of another three-wave corrective structure, which may soon reach completion. If confirmed, the broader uptrend may resume, with initial upside targets in the 1.3800 to 1.4000 range. Core Principles of My Analysis:Wave structures should be simple and easy to interpret. Complex patterns are harder to trade and are more prone to change.If you're uncertain about the market's direction, it's better not to enter at all.There is no such thing as 100% certainty in market movement. Always use stop-loss orders.Elliott Wave analysis can be combined with other types of market analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

The U.S. Bureau of Labor Statistics (BLS) plans to release the September inflation report on Friday, October 24. This will be the only report BLS intends to publish during the ongoing government shutdown, which underscores its significance—especially with the Federal Reserve scheduled to meet on October 29. Without updated inflation data, any justification for a rate cut from the Fed may evaporate. The market is currently convinced that the Fed will lower rates two more times before year-end. That's why BLS is determined to prevent market imbalance or a panic-driven reaction surrounding this key data. That said, markets are already in a state of heightened uncertainty. On Friday, both U.S. stock indices and the cryptocurrency market sharply declined, while gold resumed its climb on Monday, hitting a new all-time high. Risk appetite has fallen drastically, primarily due to the renewed escalation of the U.S.–China trade war. As usual, the escalation began with Trump—he announced 100% tariffs on all imports from China. According to the president, this move was triggered by China's refusal to compromise and its announcement of tighter export controls on strategically vital rare-earth metals. However, the Chinese response expressed nothing resembling fear. Officials noted that exports to the U.S. account for only about 10% of China's total export volume—and a significant share of that can easily be rerouted to other markets. There remain several mutually exclusive scenarios for the U.S. economic outlook. One scenario suggests that a cooling labor market is a sign of looming recession amid inflation fueled by tariff-driven cost pass-through to consumers. Another scenario argues that the U.S. economy is resilient and that any inflation will be limited, as companies absorb part of the added costs by accepting reduced profitability, while rate cuts from the Fed would give the economy a fresh boost. It's important to clarify where possible. For instance, the deterioration in labor market data is largely attributed to aggressive government immigration policies. Currently, approximately 1,500 people are deported daily—roughly 500,000 annually. The U.S. population growth has effectively stalled, and the labor supply is rapidly shrinking. Yet the unemployment rate has remained stable—not due to falling demand, but due to reduced supply. Equity markets had been rising sharply until recently, primarily driven by explosive investment into the tech sector, particularly artificial intelligence. However, this growth was concentrated in just seven major tech companies, while the remaining 493 firms in the S&P 500 index showed virtually no gains. It now seems increasingly unlikely that the S&P 500 will continue rising toward the 6970 mark. A corrective move toward the 6150 level appears more probable. Despite everything, we believe that the U.S. dollar retains fundamental support in an environment of elevated uncertainty. Supporting this conclusion are several factors: The euro's growing weakness, driven in part by France's political crisisA weaker Japanese yen following the electionsThe U.S. economy remains far from recession. If Trump and Xi Jinping fail to find common ground at their scheduled meeting in South Korea later this month, the most likely negative outcome will be a substantial U.S. stock market correction—not a collapse of the dollar. In particular, stock indices would be hit hardest, as much of the U.S. tech sector's hardware is currently imported, unlike during the dot-com boom of the early 2000s, when more domestic production helped absorb shocks. China's efforts to strictly control exports—especially of rare-earth materials—might undermine much of the optimism surrounding AI-driven economic growth. The material has been provided by InstaForex Company - www.instaforex.com

The GBP/USD pair has been under pressure since mid-September, following the unexpectedly dovish outcome of the Bank of England's September meeting. While pound buyers have launched regular counterattacks, their short-term victories have mostly been fueled by U.S. dollar weakness rather than genuine pound strength. To recap briefly, last month the Bank of England held interest rates steady but signaled a readiness to lower them in the near future. The central bank notably softened its tone, stating that the disinflationary trend "continues overall." Moreover, contrary to the expectations of most analysts, the Monetary Policy Committee voted 0–2–7 (zero for a hike, two for a cut, seven to hold), rather than 0–1–8. Committee member Alan Taylor supported his colleague Swati Dhingra in voting for a 25 basis point cut. In other words, the central bank made it clear that it is ready to continue easing policy if economic conditions support such a move. Given this policy stance, the macroeconomic reports scheduled for release this week—important in their own right—gain heightened significance. If the data comes in "in the red," showing signs of economic slowdown, the likelihood of a rate cut at the next (November) meeting will increase significantly. On Tuesday, October 14, key U.K. labor market data will be released. According to forecasts, the unemployment rate for August is expected to remain unchanged at 4.7%—marking the fourth consecutive month at this level. However, as a lagging indicator, the unemployment rate will not command traders' full attention. Focus will shift to more dynamic and timely components of the report. Notably, jobless claims are forecast to rise by 12,000 in September, following a 17,000 increase in August. If confirmed, this will serve as a moderately but steadily negative signal, indicating a cooling labor market. Additionally, if average earnings excluding bonuses slow to 4.7% (as most analysts anticipate), it will further weigh on the pound. Wages in the U.K. previously grew at a rate of 5% or higher from October 2024 through May 2025, and even exceeded 7% in earlier peak periods—contributing to inflationary pressures and supporting BoE hawkishness. A slowdown to 4.7% year-over-year would mark the weakest wage growth in over a year, signaling reduced inflationary pressure from domestic demand. In short, preliminary forecasts suggest bad news for the pound. If the labor market report meets expectations—or worse—GBP may come under additional pressure. However, the most important macroeconomic release for GBP/USD will follow on Thursday, October 16. That day, key data on the growth of the British economy will be released. Although the U.K. statistical system reports with a noticeable time lag (in October, we'll be looking at August data), the release is still expected to spur significant volatility in GBP/USD—especially if the figures fall short of forecasts. Specifically: August GDP is expected to rise by 0.1% m/m after flat growth in JulyQuarterly GDP is expected to remain at 0.2%Industrial production should increase 0.2% m/m after a 0.9% drop in JulyManufacturing output is also seen growing 0.2% m/m after a 1.3% declineConstruction output is expected to fall by 0.2% m/m after rising by the same margin previouslyThe services activity index is forecast to remain at 0.2%What does this suggest? If the figures meet expectations or come in weaker, they will reflect anemic and uneven growth in the British economy, with minimal gains in GDP and industrial production, and contraction in construction. This outcome would allow the Bank of England to reduce rates by 25 basis points next month, especially if labor data aligns with GDP weakness. Naturally, such results would put additional pressure on the pound—even against the weakening U.S. dollar. Technical OutlookTechnically, sell positions remain favored on the GBP/USD daily chart. The pair trades between the middle and lower bands of the Bollinger Bands indicator and remains below all lines of the Ichimoku indicator, which has formed the bearish "Parade of Lines" signal. The first (and so far only) downside target lies at 1.3270—the lower boundary of the Bollinger Bands channel on the D1 timeframe. The material has been provided by InstaForex Company - www.instaforex.com

Who is more dangerous: the wicked jester or the mad philosopher? The latest political gamble by the president of France borders on irrationality. He continues to repeat the same actions, expecting different outcomes. Sebastien Lecornu has once again become Prime Minister after leading what was the shortest-lived government in French history. His two predecessors, Francois Barnier and Francois Bayrou, were both ousted via votes of no confidence. Will the third time be the charm? Donald Trump, in contrast, resembles a wicked jester. His threats, imposing tariffs and then rolling them back, resemble a circus act. His behavior even inspired a new trading philosophy—TACO: "Trump Always Caves Out." Signs that he may soon walk back his newly announced 100% tariffs on Chinese imports sent EUR/USD on a rollercoaster ride. Emmanuel Macron and Donald Trump have effectively become the brooding madman and the malevolent clown—terrorizing the financial markets. In France, all seems calm on the surface, as reflected by the narrowing yield spread between French and German bonds. However, as the saying goes, still waters run deep. Meanwhile, the U.S. tariffs have jolted investors out of their euphoric state. Yet cautiously dovish rhetoric from White House officials suggests that the worst may be over. A new full-scale trade war seems unlikely. Yield Spread Dynamics: French vs. German Bonds Peace in France may be illusory. Sebastien Lecornu is attempting to draft a budget that pleases both left-wing socialists and right-wing parties like the National Rally. These opposing groups hold the most seats in parliament, but their demands are polar opposites. One calls for reversing pension reforms, increasing spending, and taxing the wealthy. The other wants snap elections. A renewed no-confidence vote may be just around the corner—a bearish outcome for EUR/USD. On the other side of the Atlantic: calm after the storm. U.S. Treasury Secretary Scott Bessent has expressed hope that Trump's meeting with Xi Jinping will still take place. The American administration remains open to negotiations with Beijing. Bloomberg reports that China is also willing to relax its recently tightened controls on rare-earth mineral exports, which had initially triggered Trump's outrage. Thus, the picture across the Atlantic is one of stark contrasts, but investor nerves are stretched to the limit. The euro briefly surged above $1.1600, but bullish momentum proved insufficient to sustain a breakout. Technical AnalysisOn the daily EUR/USD chart, a second consecutive inside bar has formed. This pattern reflects a high degree of market indecision. Pending orders are advised at: 1.1555 for sell positions1.1630 for buy positionsThe material has been provided by InstaForex Company - www.instaforex.com

A black swan has landed on the cryptocurrency market. Donald Trump's announcement of 100% tariffs on Chinese goods—made via social media—served as the unforeseen trigger that led to record sell-offs in Bitcoin from its historic highs. BTC/USD plummeted by 12% in intraday trading. According to Coinglass, a staggering $19 billion in positions were liquidated within 24 hours, and over 1.6 million trader accounts were closed due to unrecoverable losses. The crypto market incurred the heaviest damage due to its 24/7 trading cycle. Trump, careful to spare his beloved equities, made his tariff announcement after U.S. stock markets had closed. Bitcoin fared relatively well under the circumstances. Ethereum tumbled to $3,500, while the most significant carnage occurred in the altcoin market, where higher volatility triggered mass liquidations of heavily leveraged positions. Euphoria also played a part. Before the rekindling of the U.S.–China trade war, the digital asset market was soaring. Not only were geopolitical tensions and the ongoing U.S. government shutdown boosting demand for Bitcoin as "digital gold," but the record highs in the S&P 500 fueled BTC/USD's rally amid rising interest in risk-on assets. Some studies even speculated that both cryptocurrencies and gold might begin displacing fiat currencies in central bank reserves. Gold and Bitcoin Price Dynamics The trend of dedollarization accelerated after the Russia–Ukraine conflict and the freezing of the Bank of Russia's reserves, leading to a decline in the U.S. dollar's share in global reserves. At the same time, gold's share rose and even surpassed that of the euro. According to Deutsche Bank, this trend is likely to continue, with cryptocurrencies expected to join precious metals in gaining ground. Comparisons are being drawn to the post-crisis era of 2010, when central banks became net buyers of gold. Dissenting views remain. JP Morgan believes widespread adoption of stablecoins will actually increase global demand for the U.S. dollar by $1.4 trillion by 2027. Euphoria seldom ends well. On the futures market, bets were heavily concentrated on BTC/USD reaching $140,000 by year-end. Now, bulls may need to dial back their ambitions—unless, of course, Trump's 100% tariff plan turns out to be just another bluff. The U.S. president has frequently walked back on his threats, giving rise to the so-called "TACO" trading theory—"Trump Always Caves Out." Unsurprisingly, Bitcoin has begun to recover as the U.S. administration signals its readiness to negotiate with China. Will China be willing to talk? That remains the key question. Beijing currently controls the supply chain for rare-earth minerals and key battery materials—resources vital to U.S. data centers that underpin artificial intelligence infrastructure. Technical AnalysisOn the daily BTC/USD chart, an inside bar has formed, followed by a rejection from resistance at fair value. As long as quotes remain below $115,600, the technical bias favors selling. The material has been provided by InstaForex Company - www.instaforex.com

Ethereum whales are back in accumulation mode after a turbulent weekend, sparking debate over whether this dip is an entry point or another short-term bounce for ETH crypto. Large holders, including one of the biggest corporate treasuries in the market, have been buying heavily over the past 24 hours. The move follows a leverage-driven sell-off that briefly pushed Ether toward $3,500. BitMine Immersion Technologies stated that its recent purchases have increased its total holdings to more than 3.03 million ETH, equivalent to approximately 2.5% of the total supply. Market Cap 24h 7d 30d 1y All Time According to Coingecko data, Ethereum is trading near $ 4,300, showing an increase of +3.7% in the last 24 hours, but still below recent highs, as the broader crypto market recovers from the weekend rout. How Is BitMine’s Massive $827 Million ETH Crypto Purchase Impacting the Market? The Friday-to-Sunday sell-off, fueled partly by US-China trade headlines, triggered a wave of forced liquidations across exchanges. BitMine confirmed that it added around 202,000 ETH over the weekend, worth about $827 million at an average price of $4,154. DISCOVER: 20+ Next Crypto to Explode in 2025 Ethereum Price Prediction: What Does the Wyckoff Accumulation Pattern Suggest for Ethereum? Ethereum’s market structure shows a clear bullish setup forming toward the end of the year. A chart shared by crypto investor TedPillows compares Ethereum’s price with the global M2 money supply. This has been closely followed by the two since mid-2024. This indicates that Ethereum is in a mid-cycle accumulation stage, commonly known as Wyckoff Accumulation, which has strong support at a price of approximately $2,836. Both ETH and global liquidity fell at the beginning of 2025 and hit their lowest point in late spring. Soon after, both rebounded. The ETH crypto price surpassed the $ 4,000 mark as worldwide M2, and global M2 surpassed the $114.7 trillion mark. (Source: X) It is a trend where macro liquidity continues to influence crypto prices, and Ethereum is more responsive to it than Bitcoin. Technically, ETH appears ready for a continuation rally. The price is consolidating above $4,000 after a sharp move up, forming what seems to be a reaccumulation zone. Higher lows and a tightening range indicate a potential breakout toward $6,500–$7,000 if market momentum persists. TedPillows is optimistic that Ethereum will be able to cover the M2 supply in Q4 and have fair value in the range of $8,000-$10,000 by the beginning of 2026 as long as institutional demand and staking authorizations remain robust. If the Wyckoff formation materializes and liquidity grows as anticipated, Ethereum may be entering one of its most productive periods since 2021. DISCOVER: Top 20 Crypto to Buy in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Ethereum Whales are Furiously Buying ETH: Is it Time to Buy the Ether Dip? appeared first on 99Bitcoins.

The BNB price has staged a powerful recovery, surging over 16% to trade past $1,350, outpacing Bitcoin and Ethereum as optimism builds around an imminent spot ETF approval and renewed confidence in the Binance ecosystem. The rally comes after a sharp sell-off triggered by geopolitical tensions earlier this month, followed by an aggressive rebound fueled by whale accumulation and institutional inflows. According to CoinGlass, daily trading volume jumped 55% to $10.7 billion, while open interest rose 25%, signaling fresh leveraged positions betting on continued upside momentum. BNB’s sharp turnaround mirrors broader market stabilization but with stronger conviction. Traders are now eyeing a move toward $1,450–$1,500, a region that would mark a new all-time high for the fourth-largest cryptocurrency by market capitalization. CZ Attributes BNB Price Rally to Genuine Market Demand Binance founder Changpeng Zhao (CZ) weighed in on the rally, emphasizing that BNB’s recent strength comes from organic market demand, not artificial liquidity support. “BNB has no market makers,” he stated, adding that the price recovery reflects the community’s belief, builder activity, and deflationary mechanisms that continue to burn tokens. CZ also praised BNB Chain ecosystem contributors such as Venus and Binance, who “took hundreds of millions out of their own pockets to protect users” during the recent volatility, a move he described as a demonstration of “different value systems.” His comments helped solidify investor sentiment, with analysts noting that CZ’s transparency about internal market structure has reassured traders that BNB’s rally is fundamentally driven rather than speculative. The token’s deflationary model and sustained ecosystem utility continue to underpin long-term confidence. Can BNB Break $1,500 Next? From a technical standpoint, BNB’s breakout above $1,236 resistance has activated bullish momentum, with the RSI hovering near 65, showing strong but not overbought conditions. MACD crossover and robust volume spikes point to further upside potential. A close above $1,349 (the October 7 high) could propel the token toward $1,400–$1,452, with the next key psychological milestone at $1,500. Support remains firm at $1,192–$1,220, providing a cushion against short-term volatility. Analysts caution that while BNB’s momentum is strong, profit-taking around the $1,350–$1,400 zone could lead to brief consolidation before the next leg higher. Cover image from ChatGPT, BNBUSD chart from Tradingview

XRP has staged a strong comeback, rebounding nearly +65% from last week’s low after Ripple and Immunefi revealed plans for a $200,000 “Attackathon” to test the security of the XRP Ledger’s upcoming lending protocol. The weekly XRP/USD graph on Bitstamp indicates that the token is moving into an oversold area, suggesting that pressure to purchase may be observed in the near future. (Source: X) The phenomenon described in the chart is not new: every time the Stochastic RSI fell below 20, XRP responded with a powerful surge in the next several weeks. This has been observed three times since 2024, and recent reading with Stoch RSI values of 8.98 and 15.23 has identical oversold conditions. XRP has declined after reaching its high of close to $4.00 to approximately $2.61. In the past, there have been strong recoveries following each sharp dip, indicating that the market is generally likely to react positively once momentum has been restored. The token is currently consolidating within a range of $2.5 to $2.6, which has served as a major support area in previous cycles. For repeat buyers, opposition may develop around the areas of $3.20 and $3.80. However, a drop below $2.40 might open the door to another correction before any bounce. This structure resembles earlier accumulation phases that preceded major rallies. Traders are now watching the weekly close and RSI crossover for signs that momentum may finally shift back in favor of the bulls. DISCOVER: Top 20 Crypto to Buy in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post XRP Blasts Back +65% Amid Attackathon Plans for XRPL appeared first on 99Bitcoins.

Vale (NYSE: VALE) and locomotive manufacturer Wabtec Corporation announced a partnership on Monday to develop studies on a dual-fuel engine that can use both diesel and a mixture of diesel and ethanol. The studies will initially be conducted in a laboratory to validate the concept and evaluate performance, emissions reduction, and the ethanol/diesel substitution rate, the miner said. The studies and tests are expected to take place by 2027, for evaluation of future use in the Vitória-Minas Railway (EFVM) fleet, in Southeastern Brazil. The agreement to use ethanol, a renewable fuel that replaces fossil diesel, is part of a series of joint initiatives with Wabtec to advance Vale’s railway operations decarbonization program. Last March, the companies announced an agreement to purchase 50 locomotives equipped with Evolution Series engines, prepared to operate with up to 25% biodiesel mixed with diesel. In the coming years, Vale and Wabtec said they will conduct a series of tests in an attempt to further increase this percentage.  “Innovative initiatives such as these, for the adoption of alternative fuels in our locomotives, are part of Vale’s commitment to accelerate the decarbonization of our rail network,” Vale EVP, Operations Carlos Medeiros said in a news release. “In 2024, Vale’s rail network accounted for 14% of the company’s carbon emissions.”

JPMorgan Chase on Monday launched its Security and Resiliency Initiative, committing up to $1.5 trillion over 10 years to strengthen US supply chains, with chairman and CEO Jamie Dimon emphasising critical minerals essential for national security. Expanding from a prior $1 trillion goal, the plan addresses vulnerabilities exposed by geopolitical risks and overreliance on foreign sources. Central to the effort is a $10 billion direct investment pool for equity and venture capital in US-based firms. Chairman and CEO Jamie Dimon said: “It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing, all of which are essential for our national security.” The initiative targets 27 sub-areas, including mining, refining, solar and nuclear energy, battery storage and munitions. JPMorgan will provide tailored financing, advisory services, and partnerships to scale domestic production Dimon added: “This new initiative includes efforts like ensuring reliable access to… critical minerals.” To execute, the bank with $4.6 trillion in assets and $357 billion in stockholders’ equity will hire field experts, form an advisory council with industry leaders, and advocate for streamlined permitting, reduced regulations and red tape – long a major obstacle hindering new mining projects in the US.