Redator

Bitcoin has seen a pullback below the $121,000 mark in the past day. Here’s where the next support level could lie, according to on-chain data. Bitcoin Has Witnessed A Fast Plunge During The Last 24 Hours Bitcoin looked to be entering into an extended all-time high (ATH) exploration mode as it set multiple new records over the weekend and Monday, but the market has been delivered a Tuesday shock as the cryptocurrency has seen a quick crash back below $121,000. Compared to the new ATH around $126,200, Bitcoin is now down more than 4%. The altcoins have also taken a hit during the past day, with many top coins even printing returns worse than the number one digital asset. 24-hour losses stand at 5% for Ethereum and 6% for XRP. BNB is the only cryptocurrency among the large caps that has managed a positive return of 5%. With Bitcoin now sliding down, one question naturally arises: how much lower can the asset go? While markets are unpredictable, there can still be some factors worth keeping an eye on. One such factor may be on-chain support clusters. BTC CBD Shows Support Cluster Around $117,000 In a new post on X, on-chain analytics firm Glassnode has talked about how the Cost Basis Distribution (CBD) is looking for Bitcoin. The CBD is an indictor that tells us about how many tokens of the cryptocurrency were last acquired at the various spot price levels. Below is the chart for the metric shared by Glassnode. As displayed in the above graph, the $120,000 to $121,000 range, which the cryptocurrency is retesting right now, carries the cost basis of a thin amount of supply. In on-chain analysis, investor cost basis is considered an important topic because holders tend to react in a special manner whenever their break-even level is retested. The more supply that was last purchased at a particular level, the stronger is the market’s reaction to a retest. When investors face a retest of their profit-loss boundary from the above, they may decide to buy more, believing the drawdown to be a “dip” or for simply defending their cost basis. Given that the current range contains the cost basis of some investors, some degree of accumulation could happen, but it only remains to be seen whether it will be enough for a bottom. In the scenario that BTC declines further, the next key support cluster to watch is located near $117,000, where a notable 190,000 BTC was acquired. “A pullback into this area could attract demand as recent buyers defend the level,” explains the analytics firm.

Overview: The US dollar's recovery accelerated today, and it has not deterred gold from surging through the $4000-mark in the spot market. With the US government still shut and no apparent negotiations to end it, greenback's gains seem to be a reflection of poor developments elsewhere. Following the LDP's leadership election over the past weekend, the yen has plunged more than 3.5% this week and the sell-off does not appear complete. Unexpectedly poor German data and the French political morass has sent the euro lower for the third consecutive session. It approached last month's low near $1.16. It reached a multi-year high on September 17, near $1.1920. There is some optimism of compromise in France today, and while it has helped French assets, it has done little for the euro. The Reserve Bank of New Zealand delivered a dovish 50 bp cut and indicated that its monetary easing cycle is not over. The New Zealand dollar was sold to its lowest level in nearly six months. As is often the case in the firm US dollar environment, the Canadian dollar is performing best, nursing minor losses. The greenback is also firmer against most emerging market currencies. Equities were mixed in the Asia Pacific region, but the MSCI regional index snapped a six-day advance yesterday and slipped a little further today. Europe's Stoxx 600 is up a little more than 0.5% and is poised to post a gain for the first time this week. US index futures are slightly firmer. Bonds have rallied. European yields are off 2-4 bp, with French bonds leading the way. The 10-year US Treasury yield is off a basis point to almost 4.11%. Gold soared to nearly $4046. November WTI is near a five-day high around $62.65. USD: The Dollar Index held above 98.00 yesterday and settled firmly before accelerating today to almost 99.00. It has taken out the (61.8%) retracement of the decline since August 1, which was a little above the late September high (~98.60). A bottoming technical pattern may have been forged and the move above 98.70 could project a correction back toward 100.25. The FOMC minutes from last month's meeting may draw more attention than usual. First, with the federal government shut, there is little official data to compete with it. Second, color around Miran joining the board may be of interest. The new Summary of Economic Projections was generated, and Chair Powell made it seem like Miran was isolated. Still, comments from Governor Bowman, including yesterday's remarks, suggest she may join Miran at this month's meeting, in which he will most likely dissent again in favor of a 50 bp cut. Minneapolis Fed President Kashkari, a non-voter this year, speaks today but his views are known after speaking yesterday too (sees two more rate cuts this year). Governor Barr speaks on the community developments and St. Louis Fed President Musalem, who has the vote this year, introduces the community development conference. Powell speaks tomorrow but his remarks have been pre-recorded and there will be no Q&A. EURO: The euro cannot get out of its own way. Between the collapse of another French government and continued disappointing German data, and the risk of a Belgium credit downgrade, the euro is at the lower end of where it has traded in the past month. It was sold to a little below $1.1610 so far today. The (61.8%) retracement of the rally since August 1 is near $1.1595. Some pressure on the euro may be option related with over 3 bln euros in options struck at $1.1650 expiring today and Friday. Yesterday, German reported factory orders fell for four consecutive months through August and six of the first eight months of the year. Today, it reported a heady 4.3% plunge in August industrial output. The median forecast in Bloomberg's survey was for a 1% decline. It was the largest decline since 2022. Auto output collapsed by 18.5%, which may be partly a reflection of annual plant closures for holidays and production line changes. Excluding energy and construction, output fell 5.6%. French Prime Minister Lecornu who lasted a little more than half as long as the UK's Truss did a few years ago seems more optimistic that a new government with the same parliament can find a way through the impasse, which may go through small budget cuts next year and a suspension in the pension law until the 2027 presidential election. French bonds and stocks are among the strongest in Europe today. CNY: Mainland markets re-open tomorrow. When the onshore yuan stopped trading, the dollar was near CNH7.13. The generally firmer greenback tone has seen in rise above CNH7.15 for the first time since late August. If the yuan were less closely managed, the CNH7.15 area would appear as a neckline of a bottoming pattern that projects back to a little above CNH7.20. There continue to be reports suggesting that international investors are looking to boost their exposure to Chinese equities. JPY: Even without higher US yields, the greenback extended its gains to JPY152 yesterday to reach its best level since February. It has extended the gains today to almost JPY153.00. It settled Monday and Tuesday above its upper Bollinger Band, found near JPY151.70 today. The greenback peaked a little more than a week before President Trump's second inauguration near JPY158.85. There is little on the charts now until around JPY153.20 and then JPY154.40. Earlier today, Japan reported slower labor cash earnings for August (1.5% vs. a revised 3.4% from initially 4.1%). Adjusted for inflation, real cash earnings fell 1.4% (July's 0.5% increase was revised to -0.2%). Still, as was reported yesterday, it did not deter Japanese household spending, which rose 2.3% from a year ago. Separately, Japan reported a larger August current account surplus (~JPY3.78 trillion, up from JPY2.68 trillion in July but down from JPY3.97 trillion in August 2024). The trade deficit narrowed to JPY105.6 bln from JPY189.5 bln in July and JPY385.5 bln in August 2024. Despite the weakness in yen, what is expected to be the new LDP-led government is seen deterring a rate hike by the BOJ. At the end of last week, the swaps market had pricing in 14 bp of a hike. It fell to slightly less than five basis points on Monday and now it is a little more than six. GBP: Sterling was pressed to a six-day low in the North American morning yesterday near $1.3390. It absorbed the bids below the figure and recovered to almost $1.3450. Today, sterling has made a marginal new low near $1.3385. It recovered to around $1.3425 in early European trading before stalling. Sterling needs to re-establish a foothold above $1.35 to help improve the technical tone. As one would suspect, European bond yields are highly correlated. There is an intuitive logic to it. The UK fiscal issue will come to a head with next month's Autumn budget presentation. The markets are wary, and the correlation between changes in French and UK 10-year yields has returned to the year's highs, slightly north of 0.85. The year's low in April was near 0.50, and more recently, in late August, and is now a little above 0.55. Gilts are a laggard today, with the 10-year yield off less than a basis point. CAD: Canada reported a larger than expected August merchandise trade deficit yesterday (C$6.32 bln vs C$5.6 bln), but the downward revision to the July deficit kept the two-month average in line with projections. The September IVEY PMI jumped to 59.8 from 50.1, which is strongest reading since June 2024. The greenback was confined to a narrow range against the Canadian dollar yesterday, mostly traversing between about CAD1.3940 and CAD1.3965. As it often does in a firm US dollar backdrop, the Canadian dollar performed well on the crosses against the other G10 currencies. Still, it remains within the range set last Thursday: ~CAD1.3935-CAD1.3985. AUD: According to Bloomberg's data, yesterday, the Australian dollar took out Monday's low by 1/100 of a cent to almost $0.6480. Follow-through selling today took it to almost $0.6555. Nearby support is seen in the $0.6545-50 area. Once source of demand for the Australian dollar in recent months has been against the New Zealand dollar. It has risen by a little more than 5% since the end of June. It reached a three-year high last week near NZD1.1420, which it took out today on its way to NZD1.1445 today. A key driver is the divergence of monetary policy. The Reserve Bank of New Zealand has been considerably more aggressive in easing policy than the Reserve Bank of Australia. With today's cut 50 bp cut, the RBNZ has cut its policy rate by 175 bp this year after 125 bp cuts last year. The RBNZ kept the door open to additional easing. The RBA began its easing cycle this year and has cut rates three times for a total of 75 bp. Its cash rate target is 3.60% compared with 2.50% in New Zealand. The swaps market has one more quarter-point RBNZ cut this year discounted. The Kiwi fell to almost $0.5735 today, its lowest level since April. MXN: The dollar consolidated quietly yesterday inside Monday's range. The greenback held support near MXN18.3300. It was capped near MXN18.4160 yesterday and reached MXN18.4355 today. Monday's high was near MXN18.49 and last week's high was about MXN18.5160. A trendline drawn off the Sept 25 high (~MXN18.5640), the last week's high (October 2), and Monday's high comes in today near MXN18.4750. Mexico's vehicle production increased 1.6% in September to its strongest level since June. Exports rose even faster. Mexico exported about 88.5% of the vehicles up from a little less than 85% in August. In September 2024, Mexico exports nearly 83.4% of its vehicle production. Estimates suggest China exports about 20% of its vehicle production. China's scale and trade practices are daunting but as a share of its output, it is less reliant on exports that commonly imagined. Disclaimer

Most crypto news revolves around the Bitcoin price, which is riding a rollercoaster, flirting with 6% gain this week but dropping by a percent today. Bitcoin is now hovering above $122,000 in price. Meanwhile, ETH is dancing to its own beat, volatile, unpredictable, and currently sits around $4,480 USD. And yet, XRP is lagging far behind. After rallying past 3 USD this summer, XRP is now languishing at under $2.9, unable to keep pace with the ongoing crypto rally. Market Cap 24h 7d 30d 1y All Time The total crypto market cap has climbed to $4.26 trillion, down some 2% over 24 hours, likely a correction after yesterday’s pouring of institutional capital across the market. But in this green sea, XRP USD is a red blot. BNB, on the other hand, is having its moment. Surging past Solana, Tether, and XRP, BNB now holds the #3 slot in market cap of above $180 billion. Its 24‑hour gains by more than 5% place its price at $1,325 when this article was being written. Data shows that BNB’s chain is attracting TVL inflows even as others lag. (source – Coingecko) DISCOVER: 10+ Next Crypto to 100X In 2025 Crypto News Today Reports XRP with Weakness On USD Amid Wider Gains as ETH Shows Strengths, But Failed To Capitalize While the Bitcoin and ETH USD price spark crypto news headlines with their wild swings, XRP, today, has become a not-so-fairy tale. Data from various sites reports over $6.24 billion in Ripple short liquidations last month, but the price barely budged. XRP market cap has slid to around $170 billion, dropped under BNB, and Tether USD Stablecoin, USDT. (source – XRP USD Liquidations, Coinglass) On-chain data also tells the same story. .cwp-coin-chart svg path { stroke-width: 0.65 !important; } XRP XRP $2.88 3.24% XRP XRP Price $2.88 3.24% /24h Volume in 24h $6.54B Price 7d Read the full story here. 2 hours ago What is KGEN? New APTOS Coin Tumbles on Launch By Akiyama Felix The cryptocurrency market has recently experienced another disappointing debut. This time, it’s KGEN Crypto, the native token of the KGeN Protocol, which launched on October 7, 2025, on major exchanges including Binance, OKX, and KuCoin. Promoted as one of the most eagerly anticipated launches based on Aptos this year, KGEN was expected to demonstrate real-world adoption in areas such as decentralised identity, gaming, and AI-integrated DeFi. Instead, the KGEN price plummeted 67% within hours of its debut, sparking FUD across social media and raising questions about whether this is a collapse or a long-term opportunity among new crypto to buy. Market Cap 24h 7d 30d 1y All Time Read the full story here The post Crypto Market News Today, October 8: XRP Underperforming, BNB USD Pair Chilling at All Time High, ETH and Bitcoin Price Volatile appeared first on 99Bitcoins.

On Tuesday, the EUR/USD pair rebounded from the 38.2% retracement level at 1.1718 on the new Fibonacci grid, reversed in favor of the US dollar, and fell, consolidating below the support zone of 1.1645–1.1656. Thus, the decline may continue on Wednesday toward the next Fibonacci level of 61.8% at 1.1594. A rebound of the pair's rate from this level or a close above the 1.1645–1.1656 level would work in favor of the euro and some growth. Consolidation below the 1.1594 level will increase the likelihood of a continued decline toward the next retracement level of 76.4% at 1.1517. The wave situation on the hourly chart remains simple and clear. The last completed upward wave did not break the peak of the previous wave, while the new downward wave broke the previous low. Thus, the trend remains "bearish" at this time. The latest labor market data and the changed outlook for the Fed's monetary policy support the bulls, so I expect the trend to change to "bullish." For the "bearish" trend to end, the price needs to consolidate above the last peak – 1.1779. On Tuesday, the news background was once again virtually absent. Christine Lagarde's new speech did not provide any fresh insights, as the ECB president mostly spoke about frozen assets and loans to Ukraine. Meanwhile, the "shutdown" in the United States continues. Democrats and Republicans made another attempt not to negotiate, but to pass a budget bill through a Senate vote. The attempt failed, just like all the previous ones. I don't understand the point of such votes if the parties are not willing to compromise. However, the dollar itself, which should have been under market pressure due to the shutdown, is feeling just fine and shows no problems. For the first time in a long while, amid negative news, the US currency is rising. The chart still indicates a "bearish" trend, so at the very least, we need to wait for its completion before trading on the news. On the 4-hour chart, the pair consolidated below the 1.1680 level, which allows traders to expect a continuation of the decline toward the 127.2% retracement level at 1.1495. No emerging divergences are seen today on any indicator. A close of the pair's rate above 1.1680 would work in favor of the euro and a resumption of the "bullish" trend toward the 161.8% retracement level at 1.1854. Commitments of Traders (COT) Report: During the latest reporting week, professional players closed 789 Long positions and opened 2,625 Short positions. The sentiment of the "Non-commercial" group remains "bullish" thanks to Donald Trump and is strengthening over time. The total number of Long positions held by speculators now stands at 252,000, while Short positions number 138,000. The gap is almost twofold. In addition, note the number of green cells in the table above. They show a strong buildup of positions in the euro. In most cases, interest in the euro is only increasing, while interest in the dollar is decreasing. For thirty-three weeks in a row, large players have been reducing their Short positions and increasing Long positions. Donald Trump's policies remain the most significant factor for traders, as they could trigger many problems of a long-term and structural nature for America. Despite the signing of several important trade agreements, many key economic indicators continue to show a decline. News calendar for the US and the Eurozone: Eurozone – Change in industrial production in Germany (06:00 UTC).Eurozone – Speech by ECB President Christine Lagarde (16:00 UTC).USA – FOMC meeting minutes (18:00 UTC).On October 8, the economic calendar contains three entries, none of which I consider important. The influence of the news background on market sentiment on Wednesday may be present but weak. EUR/USD forecast and trader advice: Sales were possible on the rebound from the 1.1718 level on the hourly chart. The support level of 1.1645–1.1656 has been broken, so short positions can be held with the target of 1.1594. Purchases can be considered on a rebound from the 1.1594 level or on a close above the 1.1645–1.1656 zone. The Fibonacci grids are built on 1.1392–1.1919 on the hourly chart and on 1.1214–1.0179 on the 4-hour chart. The material has been provided by InstaForex Company - www.instaforex.com

There’s all sorts of market sayings that investors turn to when they want to ignore facts. “This time it’s different” or “This is the new normal.” But, here’s another saying to consider: “Be fearful when others are greedy and greedy when others are fearful.” The U.S. stock market has bounced back from its early year decline and is posting gains of about 13% since January. The S&P 500 has touched a new record high, but valuations are high—very high. The 12-month forward price-to-earnings ratio for the S&P 500 stands at 26—that’s bubble territory, and far above the 20-year average of 16. For some, today’s AI-driven euphoria on Wall Street is reminiscent of the dot.com market boom and bust in 2000-2002. Looking Back: A 78% Stock Market Crash The dot.com U.S. stock market bubble peaked in March 2000. From there, the NASDAQ composite index saw tech stocks fall 78% into the October 2002 low. Now that 78% decline is a scary number, but here’s another sobering statistic. It took 15 years for the NASDAQ to recover to its peak value before the crash. Do you have 15 years to wait before you get 3/4 of your portfolio back? What Does the Buffett Indicator Say Now? Here’s another stock market measure to consider. Warren Buffett offered a simple guide to measure the state of the U.S. stock market. Known today as the Buffett Indicator, it measures the total U.S. stock market capitalization against the country’s GDP. Buffett once said: “If that percentage relationship falls to the 70% or 80% area, buying stocks is likely to work very well for you. If that approaches 200% as it did in 1999 and part of 2000—you are playing with fire.” Where’s the Buffett Indicator today? A whopping 213%–well above dot.com levels. Do You Want To Play Defense and Protect Your Money? If you are wondering if this is a bubble, the sad truth is that we only know after the fact—after the bubble has popped. Market history does show that bubbles or periods of extreme stock market overvaluation are followed by sharp declines or a crash. For investors the message is clear. A well-diversified portfolio remains one of the best defenses for an investor and can provide protection against sudden stock price downturns—when it can be difficult to get out of the market. If you are concerned that you might be overexposed to risky assets like stocks, here are a defensive game plan to consider. Legendary Investors Are Selling Stocks, Buying Precious Metals Multimillionaire investor and Wall Street legend Jim Roger recently sold all his U.S. stocks, warning “he’s seen this party before.” Roger’s estimated net worth stands at about $300 million and he retired at the age of 37 after astounding success in the fund he co-founded, the Quantum Fund, which generated growth of over 4,200% in its first decade. When Rogers recently shared that he had sold his U.S. stocks, he also revealed where he is turning to for wealth preservation: precious metals. “I own a lot of gold and silver,” Rogers said. Other billionaire investors are sharing the same advice. Ray Dalio, founder of the largest hedge fund in the world, Bridgewater Associations told CNBC that people “don’t have, typically an adequate amount of gold in their portfolio.” “When bad times come, gold is a very effective diversifier,” Dalio explained. Increase Your Allocation to Precious Metals Now If you are concerned about the potential for a stock market drop, consider selling a portion of your allocation to stocks. If you take a look, your stock allocations could be stretched and you could be taking on more risk that you even realize. Invest those proceeds into gold and silver. Physical precious metals are the best performing asset class of 2025 and they are still climbing. Here’s another old Wall Street saying to consider: “Stocks take the stairs up, and the escalator down.” The best time to play defense and buy more wealth protection with gold and silver is before the stock market begins its downward spiral. The best time to play defense is today. The post Is The Stock Market Overvalued? Yes. Here’s How You Can Prepare appeared first on Blanchard and Company.

There’s all sorts of market sayings that investors turn to when they want to ignore facts. “This time it’s different” or “This is the new normal.” But, here’s another saying to consider: “Be fearful when others are greedy and greedy when others are fearful.” The U.S. stock market has bounced back from its early year decline and is posting gains of about 13% since January. The S&P 500 has touched a new record high, but valuations are high—very high. The 12-month forward price-to-earnings ratio for the S&P 500 stands at 26—that’s bubble territory, and far above the 20-year average of 16. For some, today’s AI-driven euphoria on Wall Street is reminiscent of the dot.com market boom and bust in 2000-2002. Looking Back: A 78% Stock Market Crash The dot.com U.S. stock market bubble peaked in March 2000. From there, the NASDAQ composite index saw tech stocks fall 78% into the October 2002 low. Now that 78% decline is a scary number, but here’s another sobering statistic. It took 15 years for the NASDAQ to recover to its peak value before the crash. Do you have 15 years to wait before you get 3/4 of your portfolio back? What Does the Buffett Indicator Say Now? Here’s another stock market measure to consider. Warren Buffett offered a simple guide to measure the state of the U.S. stock market. Known today as the Buffett Indicator, it measures the total U.S. stock market capitalization against the country’s GDP. Buffett once said: “If that percentage relationship falls to the 70% or 80% area, buying stocks is likely to work very well for you. If that approaches 200% as it did in 1999 and part of 2000—you are playing with fire.” Where’s the Buffett Indicator today? A whopping 213%–well above dot.com levels. Do You Want To Play Defense and Protect Your Money? If you are wondering if this is a bubble, the sad truth is that we only know after the fact—after the bubble has popped. Market history does show that bubbles or periods of extreme stock market overvaluation are followed by sharp declines or a crash. For investors the message is clear. A well-diversified portfolio remains one of the best defenses for an investor and can provide protection against sudden stock price downturns—when it can be difficult to get out of the market. If you are concerned that you might be overexposed to risky assets like stocks, here are a defensive game plan to consider. Legendary Investors Are Selling Stocks, Buying Precious Metals Multimillionaire investor and Wall Street legend Jim Roger recently sold all his U.S. stocks, warning “he’s seen this party before.” Roger’s estimated net worth stands at about $300 million and he retired at the age of 37 after astounding success in the fund he co-founded, the Quantum Fund, which generated growth of over 4,200% in its first decade. When Rogers recently shared that he had sold his U.S. stocks, he also revealed where he is turning to for wealth preservation: precious metals. “I own a lot of gold and silver,” Rogers said. Other billionaire investors are sharing the same advice. Ray Dalio, founder of the largest hedge fund in the world, Bridgewater Associations told CNBC that people “don’t have, typically an adequate amount of gold in their portfolio.” “When bad times come, gold is a very effective diversifier,” Dalio explained. Increase Your Allocation to Precious Metals Now If you are concerned about the potential for a stock market drop, consider selling a portion of your allocation to stocks. If you take a look, your stock allocations could be stretched and you could be taking on more risk that you even realize. Invest those proceeds into gold and silver. Physical precious metals are the best performing asset class of 2025 and they are still climbing. Here’s another old Wall Street saying to consider: “Stocks take the stairs up, and the escalator down.” The best time to play defense and buy more wealth protection with gold and silver is before the stock market begins its downward spiral. The best time to play defense is today. The post Is The Stock Market Overvalued? Yes. Here’s How You Can Prepare appeared first on Blanchard and Company.

After four years on the sidelines, the UK’s Financial Conduct Authority (FCA) has finally lifted its ban on crypto ETNs, reopening access for retail investors to Bitcoin and Ethereum Exchange-Traded Notes (ETNs) as of October 8, 2025. While the move is celebrated as a long-overdue nod toward financial innovation, critics argue it’s a symbolic half-measure. One that arrives years too late to capture the explosive early momentum of global crypto adoption. The reversal follows years of regulatory hesitation that left the UK Crypto market lagging behind the USD and EU, where spot Bitcoin ETFs and ETNs have already become mainstream investment vehicles. Many now view this as the FCA’s attempt to reassert its relevance in a financial landscape rapidly transforming around digital assets, but for some, it’s a case of “too little, too late.” For some, this marks a cautious first step toward normalisation. For others, it’s proof that the FCA missed the generational starting gun, waiting until after Bitcoin ETFs reshaped the global investment landscape before acting. Either way, the message is clear: crypto isn’t going anywhere. As regulators play catch-up, the UK’s reversal of its ETN ban serves as both a wake-up call and a warning. Innovation doesn’t wait for permission. DISCOVER: 10+ Next Crypto to 100X In 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways FCA removes the four-year ban on ETNs. Is the UK going to catch up with the rest of the crypto world? The post Too Little, Too Late: UK Lifts 4 Year ETN Ban, FCA Regulators Missed Generational Starting Gun appeared first on 99Bitcoins.

As the crypto market rallies, BNB continues to hit new record levels, surpassing some of the largest cryptocurrencies by market capitalization and leading some analysts to suggest that its end-of-year run has just started. BNB Sees 30% Weekly Run After a massive Q3 rally, BNB has started the last quarter of the year with a remarkable 30% rally. Over the past week, the cryptocurrency has recorded four new all-time highs (ATHs), climbing the list of top cryptocurrencies by market capitalization. The altcoin recovered from the late September pullback a week ago, reclaiming the $1,000 barrier. At the time, Analyst Ali Martinez suggested that turning this level into support would set the stage for a 30% rally toward the $1,300 target as part of its bullish breakout from its macro range. Notably, BNB had been trading within the $200-$700 price range since 2021, finally breaking out of this zone during the Q3 rally. On Tuesday, the altcoin jumped 7% and hit a new record high of $1,330, reaching a market capitalization of $182 billion. According to CoinGecko data, BNB surpassed Tether (USDT) and XRP, becoming the third-largest cryptocurrency by this metric, only behind Bitcoin (BTC) and Ethereum (ETH). Following this performance, some market watchers have raised BNB’s price target to higher levels, suggesting that its end-of-year bull run may just be starting. Analyst NekoZ recently affirmed that the cryptocurrency was “executing a master class in trend continuation,” highlighting its performance over the past three months. According to the chart, the altcoin has had two key breakouts since July, each followed by price expansion to new highs. Now, BNB appears to be repeating the same setup, which targets the $1,500 barrier next. Similarly, Crypto Patel considers that if momentum continues throughout the Q4 run, the cryptocurrency could be heading for another 53% rally toward his second cycle target of $2,000. “You can doubt targets, but not momentum,” he wrote on X. Rally Pushes Corporate Holdings To New Highs Amid its bullish rally, Nasdaq-listed CEA Industries, the world’s largest BNB Treasury Company, announced that its total Digital Asset Treasury (DAT) strategy holdings have reached a total of $663 million in assets. The company shared that it now holds a total of 480,000 BNB tokens as part of its goal to own 1% of the altcoin’s total token supply by the end of 2025. According to the Tuesday statement, the company’s total investment amounts to approximately $412.8 million, with an average acquisition cost of $860 per token, and an estimated BNB value of $585.5 million by October 6. David Namdar, CEO of CEA Industries, commented on the milestone, stating: “BNB’s all-time highs are a clear validation that the global markets are waking up to the inherent value, credibility, scale, and utility of both the asset and underlying ecosystem.” It’s worth noting that the ecosystem has also seen a strong performance throughout the past few months, with multiple projects built on the network leading in terms of profitability. On Monday, BNB Chain revealed it had adopted Chainlink’s data standard to bring official US Department of Commerce (DOC) data directly to its blockchain. Last month, decentralized oracle provider Chainlink announced its collaboration with the US DOC to deliver crucial macroeconomic data from the Bureau of Economic Analysis (BEA) to ten blockchain ecosystems Moreover, Kazakhstan recently announced the launch of its first crypto reserve, the Alem Crypto Fund, with Binance Kazakhstan as the strategic partner, aimed at long-term investment in digital assets. As part of the partnership, Alem Crypto Fund made BNB its first investment.

The crypto market pulled back slightly today, with Bitcoin .cwp-coin-chart svg path { stroke-width: 0.65 !important; } Bitcoin BTC $121,695.23 1.91% Bitcoin BTC Price $121,695.23 1.91% /24h Volume in 24h $70.06B Price 7d Learn more jumped 8.8% to $1,356, now trading at $1306. Market Cap 24h 7d 30d 1y All Time EXPLORE: Best Meme Coins To Buy Best Altcoins To Buy? BNB Chain DEX Volume Surges to $6.05B Amid Meme Coin Boom According to DeFiLlama, BNB Chain decentralized exchange (DEX) trading volume skyrocketed to $6.05 billion on October 7, marking its second-highest level of 2025. The surge was fueled by intense on-chain meme coin activity, with PancakeSwap dominating the scene and handling nearly $4.29 billion in 24-hour volume. As Solana meme coins struggle, BSC-based projects are taking the spotlight. Coins like PALU, 4, BROCCOLI, CAT, and GIGGLE all posted double-digit gains over the last day, highlighting the growing momentum in the BNB Chain ecosystem. Meanwhile, USELESS, one of the top 20 Solana meme coins, stood out as a rare gainer. The token surged over 35% in the past 24 hours, nearly reclaiming prior all-time highs. Chart watchers suggest a possible Wave 3 rally could be forming if momentum holds. With Bitcoin cooling from record levels, this market dip could present opportunities for investors scanning for the best altcoins to buy before the next leg up. Follow along for the latest crypto news, price action, and trending altcoins. 2 minutes ago Four.Meme Tops Launchpad Revenues with $1.4M as BNB Hits New All-Time High, Signaling BSC Market Dominance By Fatima Four.Meme flipped Pump.fun in 24-hour revenue, topping all launchpads with $1.4 million in fees. As a BNB Chain launchpad, its surge underscores BSC’s growing dominance, coinciding with BNB’s new all-time high of $1,356 less than 24 hours ago — marking a strong phase for Binance ecosystem growth and meme coin activity. (Source: DefiLlama) The post [LIVE] Crypto News Today, October 8 – Why Is Crypto Going Down Today? Bitcoin Fell Below $121K and $500 Million in Longs Liquidated: Best Altcoins to Buy During This Dip? appeared first on 99Bitcoins.

Trend Analysis (Fig. 1). On Wednesday, from the level of 1.3421 (yesterday's daily candle close), the market may possibly continue moving downward with the target at 1.3364 – retracement level 61.8% (yellow dotted line). When testing this level, the price may rebound upward with a target at 1.3381, retracement level 14.6% (blue dotted line). Fig. 1 (daily chart). Comprehensive Analysis: Indicator analysis – down;Fibonacci levels – down;Volumes – down;Candlestick analysis – down;Trend analysis – down;Bollinger Bands – down;Weekly chart – down.Overall conclusion: downward trend. Alternative scenario: On Wednesday, from the level of 1.3421 (yesterday's daily candle close), the market may possibly continue moving downward with the target at 1.3381 – retracement level 14.6% (blue dotted line). When testing this level, the price may rebound upward with a target at 1.3389, retracement level 85.4% (red dotted line). The material has been provided by InstaForex Company - www.instaforex.com

Trend Analysis (Fig. 1). On Wednesday, from the level of 1.1655 (yesterday's daily candle close), the market may continue downward toward 1.1593 — the 61.8% retracement level (blue dotted line). Upon testing this level, the price may rebound upward toward 1.1608 — a historical resistance level (light-blue dotted line). Fig. 1 (Daily chart). Comprehensive Analysis: Indicator analysis – down;Fibonacci levels – down;Volumes – down;Candlestick analysis – down;Trend analysis – down;Bollinger Bands – down;Weekly chart – down.Overall conclusion: downward trend. Alternative scenario: from the level of 1.1655 (yesterday's daily candle close), the price may continue downward toward 1.1608 — a historical resistance level (light-blue dotted line). Upon testing this level, the price may rebound upward toward 1.1645 — the lower fractal (red dotted line). The material has been provided by InstaForex Company - www.instaforex.com

On the hourly chart, the GBP/USD pair on Tuesday rebounded from the 61.8% Fibonacci level at 1.3482, turned in favor of the U.S. dollar, and fell below the 76.4% corrective level at 1.3425. Thus, the decline may continue toward the support level of 1.3332–1.3357. A rebound from this zone would favor the pound and a move higher toward 1.3425, while a close below it would increase the likelihood of further decline toward the 127.2% Fibonacci level at 1.3225. The wave structure remains "bearish." The last completed upward wave failed to break the previous peak, while the most recent downward wave did not break the previous low. The news background in recent weeks has been negative for the U.S. dollar, but bull traders have not yet taken advantage of the opportunities to push higher. To cancel the "bearish" trend, the pair would need to rise above 1.3528. On Tuesday, nothing of interest occurred globally for either the pound or the dollar—aside from the ongoing U.S. government shutdown, which traders and the dollar are largely ignoring. Overall, this week is likely to be rather uneventful. Last week brought important U.S. economic figures such as business activity and labor market data. This week, not even the inflation report will be released, as the Bureau of Statistics is not operating due to the shutdown. Therefore, the most interesting events will be Jerome Powell's speech on Thursday and the FOMC minutes on Wednesday. What to expect from the minutes? Recall that Fed officials are divided into "very dovish" and "moderately dovish" camps. Proponents of the former believe that more rapid monetary easing is necessary due to labor market weakness and the global downward pressure on the "neutral" rate. Advocates of the latter argue that aggressive rate cuts could fuel inflation, which must be avoided. The FOMC minutes may provide material for reflection regarding the Fed's upcoming meetings. On the 4-hour chart, the pair returned to the 1.3339–1.3435 level. A rebound from 1.3339 would again favor the pound and a resumption of growth toward the 127.2% Fibonacci level at 1.3795. A close below 1.3339 would open the way for further decline toward the 76.4% corrective level at 1.3118. No emerging divergences are visible on any indicator today. Commitments of Traders (COT) Report: Sentiment among the "Non-commercial" category became more "bullish" over the latest reporting week. The number of long positions held by speculators increased by 3,704, while the number of short positions decreased by 912. The gap between long and short positions now stands at roughly 85,000 vs. 86,000. Bullish traders are again tilting the balance in their favor. In my view, the pound still faces downward prospects, but with each passing month, the U.S. dollar looks weaker and weaker. Whereas traders once worried about Donald Trump's protectionist policies without knowing their eventual impact, now they may be concerned about the consequences: the possibility of recession, the constant imposition of new tariffs, and Trump's ongoing battle with the Fed, which could render the regulator "politically controlled" by the White House. Thus, the pound now looks much less threatening compared to the U.S. currency. News Calendar for the U.S. and the UK: U.S. – FOMC Meeting Minutes (18:00 UTC).On October 8, the economic calendar contains only one relatively minor entry. The influence of the news background on market sentiment will be weak on Wednesday, limited mostly to the evening. Forecast for GBP/USD and trading advice: Selling the pair was possible at the rebound from 1.3482 with targets at 1.3425 and 1.3357 on the hourly chart. New sales may be considered if the pair closes below 1.3425, targeting 1.3332–1.3357. Buying can be considered at a rebound from the 1.3332–1.3357 level with a target at 1.3425. Fibonacci grids are built from 1.3332–1.3725 on the hourly chart and from 1.3431–1.2104 on the 4-hour chart. The material has been provided by InstaForex Company - www.instaforex.com

Yesterday, the U.S. dollar continued its rise against a number of currencies — with the euro and the Japanese yen suffering the most. The dollar's rally resumed after Minneapolis Federal Reserve Bank President Neel Kashkari warned that any sharp cut in U.S. interest rates could lead to higher inflation. His remarks, delivered amid growing expectations of imminent monetary easing, had a significant impact on the currency market. Investors, weighing the risks associated with premature policy loosening, once again turned to the dollar as a relatively safe asset. Kashkari's comments highlighted the dilemma facing the Federal Reserve. On the one hand, slowing economic growth and moderating inflation push toward rate cuts. On the other hand, aggressive easing could spark a fresh wave of inflation and undermine confidence in the central bank. Meanwhile, the strengthening of the dollar is putting pressure on other currencies, particularly those of emerging markets, which are becoming less attractive to investors. This could trigger capital outflows and worsen financial conditions in those economies. "We could well see a sharp increase in inflation in the economy," Kashkari said Tuesday during a panel discussion on artificial intelligence and the economy, organized by the Minnesota Star Tribune. "Essentially, if you try to push the economy to grow faster than it is able to, in terms of production and pricing capacity, you'll just end up with higher inflation." The Minneapolis Fed president, who does not vote on monetary policy this year but takes part in FOMC discussions, also warned that current economic data show some signs of stagflation, given slowing growth and persistent inflation. "Some of the data we are looking at are flashing stagflation signals," he said. With the U.S. government shutdown preventing the release of important statistics, many market participants are now paying much closer attention to statements from Federal Reserve officials. Going forward, the dollar's performance will depend on incoming economic data — once the shutdown is resolved — as well as the rhetoric of key Fed representatives. If inflation continues to decline and the economy shows signs of weakness, the likelihood of rate cuts will increase, which could weaken the dollar. However, if inflation remains sticky, the Fed may refrain from easing, which would keep the dollar supported at current levels. As for the current technical picture of EUR/USD, buyers now need to focus on reclaiming the 1.1650 level. Only this would allow a move toward testing 1.1680. From there, a climb to 1.1715 becomes possible, but achieving this without support from major players will be quite difficult. The furthest target would be the 1.1745 high. In case the trading instrument falls, I expect serious buyer activity only around the 1.1610 level. If no one shows up there, it would be better to wait for a retest of the 1.1570 low or open long positions from 1.1530. As for the current technical picture of GBP/USD, pound buyers need to take out the nearest resistance at 1.3405. Only then would it be possible to aim for 1.3450, above which it will be quite difficult to break through. The furthest target would be the 1.3490 level. In the event of a decline, bears will attempt to regain control at 1.3365. If they succeed, breaking that range would deal a serious blow to bull positions and push GBP/USD down to the 1.3325 low, with the prospect of reaching 1.3280. The material has been provided by InstaForex Company - www.instaforex.com

Asia Market Wrap - Stocks Retreat Tracking Wall Street Most Read: USD/JPY Price Outlook: Key Levels, BoJ, and Political Risks Asian stocks fell taking their cues from Wall Street. Market participants are starting to become more careful because they are worried that stock prices have gone too high (stretched valuations) and that too much money is being invested into Artificial Intelligence. This caution is making them doubt whether the recent market gains will last. As a result, Asian stocks are heading for their biggest drop in two weeks, following declines in both the MSCI All-Country World Index and the U.S. S&P 500, both of which slipped after a seven-day winning streak. Since the stock markets in China and South Korea were closed for a long holiday, the focus was elsewhere. Hong Kong's Hang Seng Index fell by 1%. Meanwhile, Japan's Nikkei index pulled back slightly, easing 0.35%, after it had reached a record high in the previous trading session. On the data front, Wednesday showed Japanese wage growth slowing to its weakest pace in three months, with real pay continuing its downward streak. This adds further confusion for market participants hoping for a Bank of Japan rate hike in the near future. RBNZ Deliver 50 bps "Circuit Breaker" Cut The Reserve Bank of New Zealand (RBNZ) decided to cut its main interest rate by 50 bps, bringing the rate down to 2.5%. This was a bigger cut than most people expected, as many thought it would only be 25 basis points. This move pushes borrowing costs down to their lowest level since the middle of 2022. Officials said the economy still has spare capacity and activity at home is soft, and they fear cautious households and firms could still slow the recovery, so they chose an easing. Inflation sits near the top of the 1‑3% band, but it may fall back to the 2% centre by mid‑2026 as pressure on tradable goods eases. Headline inflation is about 3% in Q3, driven by higher admin prices, food and import costs, although core non‑tradable inflation keeps easing. Supply limits and policy uncertainty keep activity weak, while consumer spending edges up. The Committee says it could ease further if needed to keep inflation near 2% target. European Session - Bank & Energy Stocks Lead Gains European stock markets edged up slightly on Wednesday, with the main STOXX 600 index rising 0.2%. Gains were led by the banking and energy sectors, though overall growth was limited by sharp declines in both automobile and technology stocks. The Italian stock index stood out with a 0.5% gain. The bank sector was the biggest gainer, rising 0.7% with strong performance from British, French, and Italian lenders. Oil and gas stocks also added 0.4% as oil prices continued to climb. However, the automobile sector fell 1.5% after Germany's BMW dropped 5.3%. BMW cut its profit forecast for 2025 due to changes in US tariffs and slower growth in the Chinese market. Rival Mercedes also fell 3.1%. Technology stocks declined 1.1%. This followed news that US lawmakers are calling for wider bans on selling chipmaking equipment to China, hurting chip-related companies like ASML. Market participants are also keeping a close eye on France, where President Emmanuel Macron is facing growing pressure to either step down or call an immediate parliamentary election due to the deepening political crisis. Despite this, the French stock index managed a small 0.2% gain early in the day. On the FX front, the US dollar surged to its strongest level against the Japanese yen in almost eight months during Asian trading on Wednesday. The dollar rose as much as 0.5% to trade at 152.64 yen, as investors focused on the expected economic policies of Japan's new political leader, Sanae Takaichi. Separately, the New Zealand dollar (kiwi) tumbled by as much as 1% to a low of 0.5739. This sharp drop came after the Reserve Bank of New Zealand surprised the market by cutting its main interest rate by a larger-than-expected 50 basis points. This volatility spread to the neighboring Australian dollar, which slipped 0.4% to 0.6558. Overall, the dollar index (which measures the dollar's strength against other currencies) rose as much as 0.4% to 98.9320, its highest level since early August. This was partly due to US President Donald Trump's threat to fire a large number of federal workers. Against the dollar, the euro was down 0.4% at $1.1617, and the British pound fell 0.3% to 1.33885. Finally, the offshore Chinese yuan was mostly unchanged, trading at 7.1466 yuan per dollar. Currency Power Balance Source: OANDA Labs Oil prices increased by about 1% on Wednesday. Investors largely ignored earlier worries about too much oil supply, as they had already processed the news that the OPEC+ group plans to limit its production increase for next month. Specifically, Brent crude rose 0.96% to $66.08 a barrel, and US West Texas Intermediate (WTI) crude climbed 1.07% to reach $62.39. For more on the OPEC + output hike and Oil prices, read OPEC + Delivers Modest Output Hike, Brent Crude Rises 1.7%. What Next for Oil Prices? Gold prices reached a significant milestone on Wednesday, climbing above the $4,000/oz mark for the first time ever, setting a new record. This surge is due to investors looking for a safe place to put their money because of growing economic and geopolitical uncertainty. The price is also being boosted by strong expectations that the US Federal Reserve will cut interest rates again. Spot gold rose 0.9% to trade at $4,017.16 per ounce. US gold futures for December delivery also gained 0.9% to reach $4,040 per ounce. Most Read: Gold (XAU/USD) set to challenge $4,000 as prices renew all-time highs in today’s session - Potential targets and price forecast Economic Calendar and Final Thoughts Looking at the economic calendar, it is a rather quiet day from a data perspective for both the US and European sessions. There is once again a host of speakers from the Federal Reserve, ECB and BoE throughout the day. Later in the US session, market participants will be waiting on the release of the Federal Reserve minutes from the September meeting. The release may prove interesting especially with the appointment of Stephen Miran ahead of the September meeting. It will be interesting to gauge where Federal Reserve policymakers stand in terms of rate cuts moving forward. For more information on the week ahead, read Markets Weekly Outlook - Navigating the US Shutdown & Global Trends as Equity Markets Continue to Soar For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - DAX Index From a technical standpoint, the DAX index has pulled back to the top of the channel it broke out of last week. This sets the index up for a potential 900 point rally to the upside. The DAX has consolidated over the last two days but does appear primed for a rally today with a positive start to the European session. Immediate upside resistance for now rests at 24500 before the 24665 swing high from July 10 comes into focus. A move to the downside will face support at 24200 before the confluence area around 24000 comes into focus. DAX Index Daily Chart, October 8, 2025 Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda 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.

As Bitcoin (BTC) resumes recording new all-time highs (ATH), focus is back on key price levels that could provide investors with an idea about the next possible resistance levels that may see a sell-off in BTC. Fresh on-chain data offers a map of BTC’s most important price levels. Bitcoin May Face Resistance At These Levels According to a CryptoQuant Quicktake post by contributor Crazzyblockk, the cost basis (Realized Price) of BTC Short-Term Holders (STH) provides a snapshot of important support and resistance zones. Notably, the STH Realized Price highlights the aggregate price at which recent market participants acquired their BTC. This information can give analysts an idea about potential price levels that can influence investors’ behavior to either take profits or hold their positions. Crazzyblockk highlighted multiple price levels that could function as potential profit-taking zones. For instance, <1 month Holders Realized Price, +1 Standard Deviation, hovers at $143,170. To explain, $143,170 is the price level where recent buyers (holding BTC for under a month) would, on average, be up by about one standard deviation on their cost – a zone that can trigger selling and serve as a near-term resistance. Similarly, the <1 month Holders Realized Price, 0.5 Standard Deviation, is currently around $133,239. Meanwhile, the STH-Realized Price, +1 Standard Deviation, currently sits at $131,310. The analyst added that the current BTC spot price is trading slightly above the “pivotal mid-point” level, which could determine the market’s next short-term move. In addition, the CryptoQuant contributor noted multiple key support zones that could function as potential re-accumulation zones for BTC investors. These levels include $117,763, $111,963, and $103,239. Fellow crypto analyst, Titan of Crypto, noted that while BTC has made a new ATH above $125,000, it must now break above the ascending channel and aim for a $130,000 target. Failure to break through could lead to price correction for the cryptocurrency. Potential BTC Targets? While some analysts fear that BTC is close to topping out for this market cycle, others are relatively more optimistic. For example, seasoned crypto analyst Ali Martinez predicts that BTC may reach $140,000 based on pricing bands. Similarly, crypto analyst Alex Adler Jr. forecasted that BTC may surge as high as $160,000 if two key conditions are met. Further, depleting BTC reserves on crypto exchanges may hasten the digital asset’s upward price trajectory. Finally, if Bitcoin follows its trajectory from the 2021 market cycle, then it could target at least $136,000, with an extended target of $147,000. At press time, BTC trades at $122,113, down 2.2% over the past 24 hours.

The euro has weakened significantly. Recently, more and more policymakers from the ECB have been advocating for a more cautious approach when making decisions on interest rate cuts, but Governing Council member of the European Central Bank Olli Rehn is not among them. Yesterday, the policymaker warned that there is a risk consumer price growth could slow to below the 2% target. "We have roughly achieved the goal — in that sense the situation is good right now," said the head of the Bank of Finland. "However, in the next couple of years, we can expect inflation to slow, partly due to the strengthening of the euro and the stabilization of wages and service prices." Now, after eight quarter-point cuts over the course of a year, officials are weighing the necessity of further easing. Most of them seem comfortable with a deposit rate at 2% if no new shocks occur, while others insist that further cuts should not be ruled out. This underscores the difficulty of the task facing the central bank. On one hand, the economy shows signs of slowing, which justifies additional stimulus. On the other, excessive easing could lead to undesirable consequences such as higher inflation and the formation of bubbles in financial markets. The decision will depend on a number of factors, including the development of the economic situation in the coming months, global risks, and market reactions to previous measures. Officials are likely to monitor employment, inflation, and consumer spending data closely to determine the future path of monetary policy. Rehn also stated that the ECB is keeping a close eye on medium-term developments. "There is enormous uncertainty in the air, driven both by geopolitical tensions and by the uncertainty stemming from the trade war — and that is why we make decisions at each meeting based on the latest data and analysis, guided by collective judgment," he said. "In times like these, monetary policy is both an art and a science." On Monday, President Christine Lagarde confirmed that the ECB is in a good position: consumer price growth is close to the 2% target, and there is some positive underlying momentum in the economy. Others, including Chief Economist Philip Lane, also refrained from giving any clear answers about the regulator's next steps. Economists believe that further rate cuts are unlikely, as inflation is currently hovering near the target level and is projected to reach 1.9% in 2027, after a temporary decline below that mark next year. As for the current technical picture of EUR/USD, buyers now need to focus on reclaiming the 1.1650 level. Only this would allow for a move toward testing 1.1680. From there, a climb to 1.1715 becomes possible, but achieving this without support from major players will be quite difficult. The furthest target would be the high of 1.1745. In case the trading instrument falls, I expect serious buyer activity only around the 1.1610 level. If no one shows up there, it would be better to wait for a retest of the 1.1570 low or open long positions from 1.1530. As for the current technical picture of GBP/USD, pound buyers need to take out the nearest resistance at 1.3405. Only then would it be possible to aim for 1.3450, above which it will be quite difficult to break through. The furthest target would be the 1.3490 level. In the event of a decline, bears will attempt to regain control at 1.3365. If they succeed, breaking that range would deal a serious blow to bull positions and push GBP/USD down to the 1.3325 low, with the prospect of reaching 1.3280. The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin experienced a solid correction yesterday during the US trading session. The movement from $125,000 down to $120,500 was quite active, after which the first buyers began to step in, suggesting that the bullish rally is clearly not yet over. Yesterday, media outlets reported that the SEC is preparing an innovative exception for crypto projects. This will be a so-called "special regime" that allows startups to test blockchain solutions under regulatory supervision, without fear of immediate lawsuits or penalties. This step could mark a breakthrough in the relationship between the crypto industry and the SEC, which has been tense recently due to numerous lawsuits and investigations. The regulator intends for the new regime to promote blockchain innovation by allowing startups to test their technologies in a controlled and supervised environment. It is assumed that companies wishing to participate in this regime will need to undergo a strict selection process and coordinate a product testing roadmap with the SEC. The regulator will closely monitor each project to ensure they comply with investor protection and anti-money laundering standards. Experts believe that, if successful, the new regime could become a model for regulators around the world. It would help strike a balance between encouraging innovation and protecting consumer rights in the digital asset market. However, there are concerns that the framework may be too complex or costly for most startups, which could limit its utility. Nevertheless, this is certainly a positive signal that may attract new entrepreneurs and developers into the blockchain space and help legitimize the industry in the eyes of the general public. It is clear that this new format will provide an opportunity for legal experimentation in areas like DeFi, tokenization, and payment services, while allowing the SEC to observe how these systems perform in real-world conditions. Trading recommendations: As for the technical picture on Bitcoin, buyers are currently targeting a return to the $122,200 level, which opens the way to $124,300. From there, the market is within reach of $126,400. The furthest upside target is in the $129,100 range. Breaking above this level would indicate a further strengthening of the bull market. In case of a decline, buyers are expected to pay around $119,700. If the price drops below that zone, BTC could quickly fall to about $117,100. The most distant support level is in the $115,100 area. Regarding Ethereum, a clear consolidation above $4,502 opens a direct path to $4,582. The furthest target is the $4,651 zone. Surpassing this level would signal an expanding bull trend and increased investor interest. If Ethereum declines, buyers are expected at the $4,403 level. A drop below this area could quickly push ETH down to the $4,318 zone, with the furthest downside target at $4,244. What is on the chart: - Red lines indicate support and resistance, where short-term price slowdowns or active growth are expected; - Green lines 50-day moving average; - Blue lines 100-day moving average; - Light green lines 200-day moving average. A crossover or test of the moving averages generally either halts the market or sets a new momentum. The material has been provided by InstaForex Company - www.instaforex.com

Just a couple of weeks ago, analysts at Goldman Sachs predicted that gold could soon reach the $4,000 mark. Yesterday, that prediction came true. Spot gold prices exceeded $4,000 per ounce for the first time and are now holding around $4,036. This milestone comes amid growing concerns that the ongoing government shutdown could have a severe impact on the U.S. economy. It's a historic moment for gold, which was trading below $2,000 just two years ago. This year alone, gold has surged more than 50%, driven by global trade uncertainty, questions surrounding the independence of the Federal Reserve, and concerns over U.S. financial stability. Heightened geopolitical tensions have also played a significant role in boosting demand for safe-haven assets, while central banks have increased their gold purchases in recent months. The latest rally in gold has become particularly noteworthy, as investors seek protection from potential market shocks due to the budgetary deadlock in Washington. The Federal Reserve's shift toward a softer monetary policy stance has further supported gold's upside, as the metal does not yield interest. Investors responded accordingly by increasing allocations to exchange-traded funds (ETFs). In fact, in September, physically-backed gold ETFs saw their largest monthly inflow in over three years. Additionally, the weakening U.S. dollar—driven by expectations of Fed rate cuts—has made gold relatively more affordable for foreign buyers, further fueling demand. Altogether, the convergence of these factors has created an ideal environment for continued growth in gold prices. However, investors should remain aware that the gold market is also subject to volatility. Decision-making should involve considering various potential scenarios. It's crucial to stay diversified and avoid relying on gold alone as a capital preservation tool. Historically, major gold price spikes have often coincided with broader economic and geopolitical stress. Gold surpassed $1,000 per ounce after the global financial crisis, $2,000 during the COVID-19 pandemic, and $3,000 during the Trump administration's tariff announcements that shook global markets in March. Now, the precious metal has crossed the $4,000 threshold amid renewed turmoil—including U.S. President Donald Trump's verbal attacks on the Federal Reserve. These include direct threats toward Fed Chair Jerome Powell and attempts to remove Governor Lisa Cook from office—arguably the most significant challenge yet to the Fed's independence. From a technical standpoint, buyers now need to break through the nearest resistance at $4,062. A successful breakout above this level would open the path toward $4,124, above which further progress is likely to be difficult. The ultimate bullish target could be the $4,186 area. If prices begin to retreat, bears will aim to regain control around $4,008. A confirmed break below this level would deal a significant blow to the bulls and could pull gold down toward $3,954, with further downside potential toward $3,906. The material has been provided by InstaForex Company - www.instaforex.com

We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this trading week.Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp market fluctuations due to increased volatility. If you decide to trade during the news release, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. For successful trading, you need to have a clear trading plan and stay focues and disciplined. Spontaneous trading decision based on the current market situation is an inherently losing strategy for a scalper or daytrader. #instaforex #analysis #sebastianseliga The material has been provided by InstaForex Company - www.instaforex.com

Cardano (ADA) is showing renewed momentum after weeks of sideways action, climbing back above its 50-day moving average and putting the $0.94 resistance back in focus. Traders view this level as the next major hurdle to unlock a run at the $1.00 psychological mark. On the daily chart, ADA has reclaimed its green 50-DMA as support, while RSI has rebounded toward 50, leaving room for further upside if buy volume continues to build. A clean daily close over $0.9 would confirm a trend shift and strengthen the case for a Q4 continuation rally. Coinbase Sparks Institutional Signal: Cardano (ADA) Reserves Jump 462% Fueling the bullish narrative, Coinbase’s ADA holdings surged 462% to 9.56 million ADA in recent months, coinciding with rapid growth in Coinbase Wrapped ADA (cbADA) on the Base network. Total cbADA supply has expanded to 9.53 million from 1.7 million at launch, pointing to rising on-chain utility and custody demand from larger players. In stark contrast, Coinbase’s XRP reserves dropped 98% (from 970 million to 16.39 million), underscoring a rotation in on-exchange liquidity and user preference toward wrapped Cardano products. Key Levels and Q4 Outlook: $0.83 Support, $1.00 Magnet From a technical standpoint, Cardano’s (ADA) structure appears increasingly constructive, with the token reclaiming its 50-day moving average and holding firm within the $0.83–$0.85 support zone, a critical base that continues to attract dip-buying interest. Losing this range could open the door to a deeper pullback toward $0.75, but as long as price remains above it, the setup favors further upside. On the resistance side, $0.94 remains the key multi-touch ceiling, and a decisive breakout above this level could trigger a move toward $1.00, with extensions possible to $1.06–$1.12. Meanwhile, a rising RSI and improving market breadth suggest healthy momentum, reinforcing the view that short-term pullbacks are likely to be absorbed by buyers. Macro factors also support he bull case. With Bitcoin steady near record territory, capital rotation into large-cap altcoins typically strengthens into year-end. Similarly, Cardano’s fundamental backdrop, expanding DeFi, smart-contract adoption, and wrapped-asset growth on Base, supports a higher-low, higher-high structure. If Cardano prints a decisive daily (or weekly) close above $0.94, technicians will look for a swift push to $1.00 and potentially $1.20 on momentum follow-through. Cover image from ChatGPT, ADAUSD chart from Tradingview

Where it is thin, it is prone to tearing. Investors are starting to ask the tough questions: what kind of real profits are technology companies generating from artificial intelligence? And when the answer turns out to be "barely detectable" — so small they need to be examined under a microscope — panic begins to set in. Disappointing results from Oracle regarding its partnerships with OpenAI and other companies triggered a sell-off in the S&P 500. Tesla added fuel to the fire with its underwhelming unveiling of new versions of its top-selling vehicles. With such a high level of concentration in the U.S. stock market, the broad index is forced to react to any news from tech giants or the so-called "Magnificent Seven." Unsustainable fundamentals, especially in valuations, eventually lead to portfolio rebalancing. The price-to-earnings (P/E) ratio is now trading at levels as extreme as during the dot-com bubble 25 years ago. S&P 500 P/E Ratio Dynamics A period of consolidation in the S&P 500 seems not only natural but healthy after the index logged its 32nd record high of the year. The ongoing U.S. government shutdown is also weighing on sentiment, and investors are now starting to doubt whether the Federal Reserve will cut interest rates twice in 2025 as previously expected. If even a single cut is delayed or skipped, that disappointment is likely to reverberate throughout the equity market. The current level of the S&P 500 already reflects expectations for federal funds rates to fall to 3.75% by year-end. In that context, recent warnings by Minneapolis Fed President Neel Kashkari — specifically about the risk of reigniting inflation if monetary policy is eased too aggressively — and rising consumer inflation expectations reported by the New York Fed added momentum to the ongoing correction in the S&P 500. U.S. Consumer Inflation Expectations When greed dominates, even the smallest catalyst — the flap of a butterfly's wings — can trigger a storm. Euphoria has gripped the U.S. equity market recently. According to Goldman Sachs, bullish sentiment among clients has returned to its highest level since December. Barclays' tracker shows a market "flush with exuberance," and Bloomberg's sentiment index has entered its "manic zone." Euphoria rarely ends well. The butterfly effect could cause the S&P 500 to decline much more sharply than expected. Even so, the "buy-the-dip" strategy hasn't gone anywhere, and the fight between bulls and bears could ultimately lead to a phase of consolidation. In that case, October may live up to its reputation as the most volatile month for the broad equity index. As I see it, the longer the shutdown continues, the more sensitive the U.S. stock market becomes to it. Delayed data releases create uncertainty, which in turn forces the Fed to be cautious — taking away one of the bulls' most important weapons. From a technical perspective, the S&P 500 just completed a pullback after an inside bar formed on the daily chart. Despite this, the uptrend remains intact. Pullbacks from resistance levels at 6680, 6660, and 6585 appear to be good buying opportunities. The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin posted a notable decline yesterday, pulling back to more attractive buying levels around $121,000. Many traders are now wondering whether this drop will continue or if it's merely a temporary correction that could soon give way to a new bullish wave. Recent data shows that inflows into spot BTC and ETH ETFs continue to rise—most notably into BTC ETFs. This in itself suggests that the crypto bull rally is not over. As a reminder, inflows into spot BTC ETFs are one of the strongest bullish drivers in the crypto market. Rising inflows reflect growing institutional interest in cryptocurrencies, as ETFs offer institutions a regulated and convenient way to gain exposure to BTC and ETH without requiring direct custody of digital assets. These inflows also signal an improving market sentiment, which is further boosted by macroeconomic factors such as falling inflation and expectations of monetary easing by major central banks. Another catalyst underpinning future upside is the ongoing U.S. government shutdown. Some experts believe the current deadlock could last through October, which would provide a compelling narrative for increasing long positions in bitcoin. From an intraday strategy standpoint, the approach remains the same: buying into major pullbacks in Bitcoin and Ether with the expectation of a continued medium-term bullish market. Below are updated short-term setups for both Bitcoin and Ethereum. Bitcoin (BTC) Buy ScenariosScenario 1: Plan to buy Bitcoin today if the price reaches the entry point around $122,000. The upside target is $123,200. At this level, I will close long positions and open shorts in the opposite direction, expecting a 30–35 pip retracement. Before entering a breakout buy, make sure the 50-day moving average is below the current price and that the Awesome Oscillator is in the positive zone. Scenario 2: Another option is to buy from the lower boundary at $121,000, if there is no significant bearish reaction to a break lower. The expected move is a return to $122,000 and $123,200. Sell ScenariosScenario 1: Plan to sell Bitcoin if the price reaches $121,000, with a target of $120,000. At $120,000, I will close short positions and consider buying on a bounce. Confirm that the 50-day moving average is above the current price and that the Awesome Oscillator is in negative territory before entering. Scenario 2: Selling is also possible from the $122,000 upper boundary if there is no bullish breakout and the price returns downward. The expected targets in this case are $121,000 and $120,000. Ethereum (ETH) Buy ScenariosScenario 1: Plan to buy Ethereum once the price hits the entry zone at $4,476 and aim for a rise to $4,596. I will close all long positions at $4,596 and consider opening short positions immediately for a pullback. Before entering a breakout buy, verify that the 50-day moving average is below the current price and the Awesome Oscillator is in positive territory. Scenario 2: Another buy opportunity is from the lower boundary at $4,408, assuming there's no bearish momentum below it. A return to $4,476 and $4,596 is the expected recovery path. Sell ScenariosScenario 1: Plan to sell Ethereum at around $4,408 with a downside target of $4,301. I will exit short positions at $4,301 and look to buy on a bounce. Ensure the 50-day moving average is above the current price and the Awesome Oscillator is in negative territory before initiating a short position. Scenario 2: Selling is also valid if ETH tests the $4,476 resistance and fails to break above it. In this case, I expect the price to return to the downside levels of $4,408 and $4,301. The material has been provided by InstaForex Company - www.instaforex.com

Trade Review and Strategy for the Japanese YenA price test at 151.17 occurred while the MACD indicator was beginning to rise from the zero line, confirming a valid entry point for buying the U.S. dollar. As a result, the pair gained more than 40 pips. The yen continued to rapidly lose ground against the dollar following yesterday's comments from Federal Reserve officials. Specifically, remarks from Minneapolis Fed President Neel Kashkari — who warned that a sharp decrease in interest rates could lead to a surge in inflation — triggered a rally in the dollar and further weakness in the yen. However, the yen's current weakness is also driven by domestic factors. Following Sanae Takaichi's election victory, who has been critical of rate hikes, Bank of Japan Governor Kazuo Ueda may face a much tougher political environment in the second half of his five-year term. If the central bank is pressured to align with Takaichi's position, the yen is likely to remain under pressure and continue its decline. Today, I will focus primarily on executing Buy Scenarios 1 and 2, as well as Sell Scenarios 1 and 2. Buy ScenariosScenario 1: I plan to buy USD/JPY today if the price hits the entry point around 152.58. The upside target will be 153.24, where I expect to close the long position and then open a short position in the opposite direction, aiming for a 30–35 pip correction. The best time to look for longs in this pair is generally during pullbacks or deeper corrections in the USD/JPY pair. Ensure the MACD is above the zero line and is just starting to rise before entering. Scenario 2: I also plan to buy the pair if there are two consecutive tests of the 152.26 level while the MACD is in the oversold zone. This would limit the downside and likely trigger an upward reversal. A rise back toward 152.58 and 153.24 may be expected in this case. Sell ScenariosScenario 1: I plan to sell USD/JPY only after a confirmed breakout of the 152.26 level. This scenario would likely trigger a swift decline, with the key target area around 151.61 being the exit point for short positions and an opportunity to switch to buying on a 20–25 pip correction. As always, selling should be done from the highest possible price point. Ensure the MACD is below the zero line and is just starting to move downward before entering. Scenario 2: I will also consider selling if the price tests 152.58 twice in a row while the MACD is in overbought territory. This would limit the pair's upward potential and signal a likely reversal to the downside, targeting 152.26 and 151.61 as potential downside levels. Chart Annotations:A thin green line represents the suggested entry price for long trades. A thick green line marks the target area for taking profit on long trades, as movement beyond this level is unlikely. A thin red line shows the entry level for short positions. A thick red line indicates the zone where profits may be taken on short trades because further decline is less likely. The MACD indicator should guide your entry decision based on overbought or oversold conditions. Important Notes for Beginner Forex Traders:If you are starting out on the forex market, exercise extreme caution when entering trades — especially before major data releases. The best approach is often to stay out of the market during those times to avoid sudden price spikes. If you choose to trade during news events, always use a Stop-Loss to minimize potential losses. Trading without it — especially in high volumes and without proper money management — can quickly lead to a complete loss of your capital. Finally, remember that no strategy guarantees constant success. Developing and following a consistent trading plan, such as the one provided above, is crucial for achieving long-term results. Acting spontaneously based on short-term market noise is almost always a losing approach for intraday traders. The material has been provided by InstaForex Company - www.instaforex.com

Trade Review and Strategy for the British PoundA price test at 1.3431 occurred while the MACD indicator was beginning to move downward from the zero line, confirming the right entry point for selling the pound. As a result, the pair dropped by more than 30 pips. Buying on a bounce from 1.3400 also allowed for a profit of approximately 20 pips. The pound fell and the dollar strengthened following comments by Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, who warned that an aggressive rate cut could lead to rising inflation. Coming amid increasingly hawkish rhetoric from the Fed, his statement had an immediate impact on currency markets, boosting the dollar against most major currencies. The decline in the British pound was particularly sharp, given the UK's ongoing economic challenges — headline inflation remains elevated, and the country's growth outlook remains uncertain. Later today, the Bank of England's Monetary Policy Committee (MPC) will release the minutes from its most recent meeting. Additionally, MPC member Huw Pill is scheduled to speak. These events are of high importance for investors closely monitoring pound movements and the UK's broader economic health. The MPC minutes will contain detailed insights into the committee's discussions regarding current economic conditions, development forecasts, and the rationale behind their latest interest rate decision. Pill's remarks will add context to these decisions by offering his individual assessment of the challenges facing the UK economy. His comments on inflation, employment, and consumer spending may influence the pound's exchange rate by applying additional pressure. Special attention will be paid to any signals suggesting a potential shift in the BoE's monetary policy stance. For today's intraday strategy, I will primarily rely on executing Buy Scenario 1 and 2, and Sell Scenario 1 and 2. Buy ScenariosScenario 1: I plan to buy the pound at the entry point around 1.3401, with an upside target at 1.3443. Once the price reaches 1.3443, I plan to exit the long position and open a short trade in the opposite direction, expecting a pullback of around 30–35 pips from that level. This strategy should only be used if strong economic data are released and the MACD is above the zero line and just beginning to rise. Scenario 2: I also plan to buy the pound if there are two consecutive tests of the 1.3377 level while MACD is located in the oversold zone. This would restrain further downside and indicate a likely turnaround in the pair's direction. The expected upward move would target the levels of 1.3401 and 1.3443. Sell ScenariosScenario 1: I plan to sell the pound after a break below the 1.3377 level. This should trigger a fast decline toward the key support area at 1.3342. I plan to exit the short position there and potentially switch to buying, looking for a 20–25 pip rebound. Pound sellers will attempt to take control at every opportunity. Before entering the trade, MACD should be below the zero line and just beginning to fall. Scenario 2: I also plan to sell the pound if the price tests 1.3401 twice while MACD is in the overbought zone. This would signal limited upside potential and likely result in a bearish reversal, sending the pair down toward 1.3377 and 1.3342. Chart Annotations:A thin green line represents the suggested entry price for long trades. A thick green line marks the target area for taking profit on long trades, as movement beyond this level is unlikely. A thin red line shows the entry level for short positions. A thick red line indicates the zone where profits may be taken on short trades because further decline is less likely. The MACD indicator should guide your entry decision based on overbought or oversold conditions. Important Notes for Beginner Forex Traders:If you are starting out on the forex market, exercise extreme caution when entering trades — especially before major data releases. The best approach is often to stay out of the market during those times to avoid sudden price spikes. If you choose to trade during news events, always use a Stop-Loss to minimize potential losses. Trading without it — especially in high volumes and without proper money management — can quickly lead to a complete loss of your capital. Finally, remember that no strategy guarantees constant success. Developing and following a consistent trading plan, such as the one provided above, is crucial for achieving long-term results. Acting spontaneously based on short-term market noise is almost always a losing approach for intraday traders. The material has been provided by InstaForex Company - www.instaforex.com

Trade Review and Strategy for the EuroA price test at 1.1658 occurred when the MACD indicator had already moved significantly below the zero line, which limited the pair's downside potential. For this reason, I did not sell the euro. The second test of 1.1658 happened while the MACD was in the oversold zone. This allowed Buy Scenario #2 to unfold, resulting in a 20-pip upward movement. Comments by Federal Reserve officials about the potential for rising inflation if interest rates are cut too quickly contributed to the U.S. dollar's strength and a significant decline in the euro. Investors, anticipating tighter monetary policy in the U.S., actively sold the euro and other riskier assets, seeking safety in the dollar. Today's focus will be on German industrial production data and a speech by European Central Bank President Christine Lagarde. These events are likely to influence the euro's short-term trajectory and overall market sentiment. The release of Germany's industrial output figures for August is a key marker for assessing the health of the eurozone economy. Weaker data could heighten concerns about slowing growth and prompt the ECB to adopt a more accommodative stance, which would put pressure on the euro. Conversely, upbeat data may boost market confidence in the euro area's stability and lend support to the single currency. Investors will closely watch Lagarde's speech. Any indications of a potential policy shift, an inflation outlook, or changes to the growth forecast could create volatility in the foreign exchange market. In particular, comments suggesting the possibility of interest rate cuts will draw added attention, especially as signs of slowing inflation continue to emerge in the eurozone. For today's intraday strategy, I intend to rely mainly on the execution of Scenario 1 and Scenario 2. Buy ScenariosScenario #1: I plan to buy the euro today if the price reaches the 1.1629 entry point (thin green line on the chart), targeting a rise to 1.1674 (thick green line). At 1.1674, I will exit the long trade and also look to sell the pair on a potential rebound, expecting a 30–35 pip pullback. Note: I will only pursue this plan if the MACD is above the zero line and just beginning to rise. Scenario #2: I also plan to buy the euro if the price tests the 1.1606 level twice in a row while the MACD is in the oversold zone. This should limit the downside and trigger a reversal to the upside, allowing price to return toward the 1.1629 and 1.1674 levels. Sell ScenariosScenario #1: I plan to sell the euro if the price reaches 1.1606 (thin red line), with a target at 1.1564 (thick red line). At this level, I will exit the short trade and look to buy on a rebound, expecting a 20–25 pip pullback. Note: Before entering, I will ensure the MACD is below the zero line and just starting to decline. Scenario #2: I will also look to sell if the price tests 1.1629 twice and the MACD is in overbought territory. This would limit the bullish potential and suggest a reversal to the downside, with expected support at 1.1606 and 1.1564. Chart Annotations:A thin green line represents the suggested entry price for long trades. A thick green line marks the target area for taking profit on long trades, as movement beyond this level is unlikely. A thin red line shows the entry level for short positions. A thick red line indicates the zone where profits may be taken on short trades because further decline is less likely. The MACD indicator should guide your entry decision based on overbought or oversold conditions. Important Notes for Beginner Forex Traders:If you are starting out on the forex market, exercise extreme caution when entering trades — especially before major data releases. The best approach is often to stay out of the market during those times to avoid sudden price spikes. If you choose to trade during news events, always use a Stop-Loss to minimize potential losses. Trading without it — especially in high volumes and without proper money management — can quickly lead to a complete loss of your capital. Finally, remember that no strategy guarantees constant success. Developing and following a consistent trading plan, such as the one provided above, is crucial for achieving long-term results. Acting spontaneously based on short-term market noise is almost always a losing approach for intraday traders. The material has been provided by InstaForex Company - www.instaforex.com