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Nova Minerals (NASDAQ, ASX: NVA) soared after the company announced it has secured a land use permit for its proposed antimony refinery in Alaska, placing it another step closer to becoming a key supplier of the critical mineral in the US. According to a press release issued on Friday, the permit covers 42.81 acres of commercial industrial zoned land near Port MacKenzie (Port Mac), an industrial hub designed as a bulk commodity export facility for industries like mining, and the only port in the state with over 9,000 acres dedicated to commercial and industrial development and growth. The land use permit, the Australia-based company said, would allow it to establish downstream antimony processing and refining operations in Alaska’s Mat-Su Borough, an area with ready infrastructure for rapid development. The refinery site at Port Mac is strategically aligned with the fast-progressing West Susitna Access Road and other regional development projects currently underway, it added. With the permit secured, the company said it is now actively negotiating with the US government on additional funding to build the facility. Earlier this month, Nova Minerals was awarded $43.4 million by the US Department of War to support this project. “With the land use permit secured and the Department of War award, we are rapidly advancing our vision to become the leading US miner and producer of refined antimony products — strategic, secure, and proudly made in the USA,” Nova CEO Christopher Gerteisen stated. “We are fast-tracking Phase 1 production of military-spec antimony, targeting delivery of our first product to the Department of War within 24 months, underscoring our commitment to supporting critical national defense needs.” Nova Minerals’ US-listed shares jumped by more than 10% to an all-time high of $24.86 on the announcement, taking its market capitalization to about $174 million. Alaska antimony resource The proposed refinery represents the next phase of Nova’s strategy of onshoring US antimony production by building a fully integrated, mine-to-processing production hub in Alaska. Its Port Mac facility is expected to produce a full range of antimony products, including antimony trisulfide, antimony trioxide and antimony metal, used by both the US military and industrial applications. Anchoring this strategy is the company’s district-scale, 10-million-oz. Estelle gold project. Historically, antimony mining in Alaska has been associated with its large gold deposits. The Estelle project is located within the Tintina gold belt known to host significant antimony deposits in the past and was once a supply of the mineral to the North American market. Nova’s team has so far identified four large, near-surface gold deposits on the 514 km² property, and only recently discovered antimony coincident with the gold in surface sampling on numerous prospects, elevating the project’s status as a critical mineral play that aligns with the Trump administration’s strategy. While no resource has yet been established for antimony, the company has said it plans to publish a resource estimate for the critical mineral some time this year.

The weekly close turns more cautious after a strong run for tech and growth stocks. Some technical concerns had risen on Tuesday after a huge risk-off/profit-taking session that wasn't explained by any particular fundamental change. Both the S&P 500 (6,764) and Nasdaq (25,195) printed fresh record highs over the past 24 hours, capping a stellar stretch for the sector — though the Dow Jones, still below last Friday’s 47,000 peak, hasn’t quite kept pace. As explained in our previous session analysis, this divergence has started to drag sentiment. The rest will be to see how far it influences overall stock performance. Read More: US stocks sector divergence raises red flags Daily Chart Outlook for US Equities – October 10, 2025 – Source: TradingView In a strong correction session, indices are retracing toward the highs reached in late September, as traders show hesitancy from the “everything rally” stretch. Despite the ongoing U.S. government shutdown, markets had largely shrugged off political noise — until today. With Gold surging past $4,000 and the U.S. Dollar rebounding sharply over the past week, capital rotation is starting to weigh on risk assets. US Equity heatmap – October 10, 2025 – Source: TradingView Heavyweights like Amazon, AMD, Nvidia and Meta are down roughly 3% on the day, dragging sentiment across the broader tech complex. Still, the Nasdaq remains relatively resilient compared to its peers, holding key right around its September 23 pivot even amid the unwind – So the flows aren't just about massice undoing of the yearly trades (even metals are performing well, Silver is back above $50!!). Let’s take a look at the charts for the Dow Jones, Nasdaq, and S&P 500 to assess how deep this pullback could go. Read More: Canadian employment makes a comeback – USD/CAD reversesHow investors and traders can gauge the US labor market amid the BLS shutdownUS Index analysis and levels: Dow Jones, Nasdaq and S&P 500Dow Jones 8H Chart Dow Jones 8H Chart, October 10, 2025 – Source: TradingView Technicals for the Dow are not looking optimal for bulls. A multi-day rejection of the past week records has led to a bearish corrective sequence, leading to the strong move below the 8H 50-period MA. This follows a break from its steep upward channel that had begun in August – Steep channels tend to break and prices are still far from bearish, but higher timeframe momentum is stalling. Now trading right at its Key pivot (45,650 to 45,750), buyers will have to defend the level to avoid a more bearish-looking price action. Dow Jones technical levels of interest Resistance Levels Current All-time high 47,105ATH Resistance Zone 47,000 to 47,160 (+/- 150 pts) post-FOMC highs and MA 50 46,400Support Levels August ATH Immediate Pivot 45,650 to 45,75045,767 Session lows at August 22 highs (immediate test)45,000 psychological level44,400 to 44,500 Main SupportNasdaq 8H Chart Nasdaq 8H Chart, October 6, 2025 – Source: TradingView Nasdaq rejected the 25,200 to 25,300 Fibonacci-Extension with precision, dragged down from the overall bearish performance in the Dow. Now at the lows of its steep ascending channel, reactions will be key. Prices have moved below the intraday Momentum pivot and MA 50 (24,750) which may hurt the technical outlook further. Now at a Support, coinciding with the lower bound of its upward channel, buyers will have to defend the price action. Failing to do so may lead to revisiting the 24,000 August levels. Nasdaq technical levels of interest Resistance Levels current ATH 25,2241.618 Fib-Extension resistance between 25,200 and 25,300Psychological Resistance around 25,000Momentum Pivot and 8H MA 50 24,750Support Levels Support at the lows of the channel 24,400 (immediate Support)August 12 ATH zone turning support (23,950 to 24,020)23,000 Key SupportEarly 2025 ATH at 22,000 to 22,229 SupportS&P 500 8H Chart S&P 500 8H Chart, October 10, 2025 – Source: TradingView The RSI is getting closed to oversold, but some worrying signs are showing for the 500-best US equities. Price action has held a steep upward channel since May 2025 (post-Liberation Day rebound) but this channel just broke to the lower side. Only the September NFP brought the index below, but shortly followed with an upward correction. With short-timeframe momentum prompting stalling price action, the correction is stalling, but monitor reactions to the 6,600 Support which approaches fast. Failure from bulls to hold the support prompts a larger correction in the S&P 500. S&P 500 Trading Levels: Resistance Levels 6,774 (current All Time-Highs)Key current Resistance 6,745 to 6,760Key Pivot Zone 6,670 to 6,700potential resistance (1.618 fib - 6,790 to 6,800)Support Levels 6,570 to 6,600 Key Support6,490 to 6,512 Previous ATH now Support (MA 200 Confluence)6,400 Main Support6,210 to 6,235 Main Support (August NFP Lows) Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier 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.

Crypto commentator Zach Rector argues that XRP’s months-long malaise is nearing a turning point, contending that selling pressure has largely run its course and that a fresh wave of institutional demand is lining up on the other side of the ledger. “XRP sellers are exhausted,” Rector said in a video analysis published late on October 9, adding that “the downside action and the consolidation that we’ve seen over the past few months is coming to an end and the suits are now getting ready to sell it with slideshow presentations.” Reasons To Be Bullish On XRP Rector’s central thesis is that structurally constrained float and prospective exchange-traded products could catalyze a supply squeeze. He framed the timeline around a US government shutdown, asserting that approval activity would not resume until after a reopening: “ETFs are set to go live for XRP as soon as the government shutdown ends. No, I am not anticipating the SEC to approve the ETFs while the government is shut down.” He characterized the post-shutdown period as a potential “tidal wave of XRP, crypto, and other related ETFs,” while acknowledging that the precise sequencing depends on regulators returning to normal operations. Pointing to what he sees as a template in other assets, Rector highlighted a recent trading episode he attributed to BlackRock’s Ethereum ETF. In his telling, “Jane Street… spark[ed] a massive momentum ignition selloff just in time for BlackRock’s ETF to buy the most Ether in 2 months,” with $437 million of inflows arriving on a day of heavy price weakness. “While they’re hitting the sell button, panicking… the investors at BlackRock are saying, ‘Thank you very much,’” he said. He extrapolated from this to XRP, claiming “the suits have the champagne on ice cuz they know that they’re about to go break records with the XRP ETFs.” Beyond the ETFs, Rector emphasized on-chain and DeFi dynamics that he believes reduce liquid supply. He cited activity around Flare’s FXRP mechanism, describing wallet flows and escrowed balances as visible on public ledgers: “So far, Flare has already locked up almost $60 million worth of XRP. That’s equivalent to about 20 million XRP.” Rector broadened his supply-tightening thesis to digital asset treasury (DAT) companies, asserting they had “already actually acquired 10% of the overall Ethereum supply” and were now “coming for XRP.” XRP Momentum Builds He also alluded to tokenization and payments initiatives he associates with Ripple and the XRP Ledger, asserting that “they really are going to tokenize on the XRP Ledger” and bring “flows of liquidity that are valued in the trillions of dollars” onto the network. As evidence of institutional momentum, he pointed to European and Middle Eastern developments. Citing a post from VanEck’s Matthew Sigel, he said “Luxembourg becomes the first EU sovereign wealth fund to buy Bitcoin with a 1% position via ETF,” and noted recent meetings between Ripple executives and Luxembourg’s finance minister. He also referenced Ripple’s expansion in the Middle East, including Bahrain, as reinforcing an institutional pipeline. On market structure, Rector said the recent intraday push lower found support above a level he is monitoring. “I zoomed out… to when we last back tested $2.70 just to show you… support,” he said, noting a visit to “about 2.77… people are front running that $2.70 level… we’re up to $2.81.” For investors worried that a peak is already in, he pushed back: “Was that the end of the XRP bull run? Did I just miss the top at 3.66? Absolutely not… imagine thinking that now’s the time to sell when Wall Street’s about to start selling it for you.” Rector’s explicit forward targets were sweeping. He said newcomers could “still… triple it up at least by next year,” and that a “10x” remained plausible under his “$20 to $30 base case,” characterizing “double-digit XRP” as “easily done.” Throughout, he tied the outlook to a cluster of catalysts—“ETFs, digital asset treasury companies, and institutional adoption”—and to what he regards as a steady constriction of tradable float via DeFi lockups. “That’s what leads to a supply shock,” he said. “This party’s just getting started.” At press time, XRP traded at $2.815.

EUR/USD is trading around 1.1564, below the 7/8 Murray level and below the 21SMA. The euro suffered a strong technical correction below 1.1650 and is likely to continue falling in the coming days, reaching the 6/8 Murray level around 1.1474. An important fact to keep in mind is that the euro has left a gap around 1.1730 and is likely to reach this area in the coming days. We could also expect a breakout of the downtrend channel, so we should be vigilant in planning long position opportunities. The Eagle indicator is showing oversold levels on the H4 chart, so it is likely that the euro will rebound above 1.1530 or above the psychological level of 1.1500 in the coming days. A price consolidation above the 7/8 Murray level and above the 21 SMA will be seen as an opportunity to enter long positions. In this scenario, this would signal a recovery in the EUR/USD pair, which in turn is expected to reach the 8/8 Murray level at 1.1718 and even +1/8 Murray level at 1.1840. The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin is trading around 121,315, below the 7/8 Murray and above the 200 EMA, with a technical correction after reaching the top of the downtrend channel formed since early October. Bitcoin could experience a technical rebound in the coming hours if it reaches 118,750 (6/8). Above this level, we could expect it to reach the 21 SMA around 122,080 and could even reach the top of the downtrend channel around 122,500. If Bitcoin reaches the 122,600 level, it could be seen as an opportunity to resume selling. If this scenario occurs, it would mean that the price continues to move within the downtrend channel, and we could expect it to reach the 6/8 Murray around 118,750 and the 200 EMA around 116,979 in the short term. If Bitcoin breaks and consolidates above $123,000, we could expect a further bullish sequence, potentially reaching the 8/8 Murray level around $125,000. Even if bullish strength prevails, the price could reach the +1/8 Murray level around $128,126. The eagle indicator is showing a negative signal, so we expect Bitcoin to consolidate below $122,000 in the coming hours. The material has been provided by InstaForex Company - www.instaforex.com

Right now, Bitcoin (BTC) is trading slightly lower than its ATH of $126,080 at , however, a forecast suggests that it is far from being overheated. According to the Mayer Multiple, an on-chain metric that compares BTC’s price to its 200-week moving average, the current reading is just 1.16, which is well below the 2.4 level that typically signals market tops. Crypto Quant analyst Frank, explained, “Bitcoin is at all-time highs and the Mayer Multiple is ice cold.” The move has caused Hargreaves Lansdowne, UK’s largest retail investment platform to put out a statement, stating, “The HL Investment view is that bitcoin is not an asset class, and we do not think cryptocurrency has characteristics that mean it should be included in portfolios for growth or income and shouldn’t be relied upon to help clients meet their financial goals.” “Performance assumptions are not possible to analyze for crypto, and unlike other alternative asset classes it has no intrinsic value,” the firm further added. While BTC is trading slightly below its ATH, critics have pointed out its volatility. Particularly the 2022 “crypto winter” which wiped out $2 trillion in market value. Hargreaves Lansdowne concluded saying, “While longer-term returns of bitcoin have been positive, bitcoin has experienced several periods of extreme losses and is a highly volatile investment — much riskier than stocks or bonds.” It however acknowledged that some clients may want to speculate. It plans to offer crypto ETNs to “appropriate clients” starting in early 2026. EXPLORE: 9+ Best Memecoin to Buy in 2025 Key Takeaways Bitcoin’s Mayer Multiple suggests it’s far from overheated, with upside potential to $180K Hargreaves Lansdowne has stated that BTC is not an asset class as it has no intrinsic value Tight Bollinger Bands and mixed analyst views hint at major BTC volatility ahead The post Bitcoin Holds Firm At 121K With Mayer Multiple Indicator Forecasting $180k Potential appeared first on 99Bitcoins.

Gold is trading around 3,985, rebounding after a strong technical correction of more than $100 in less than 24 hours from 4,050 to 3,947. After the initial strong technical correction that occurred yesterday during the American session, gold is rebounding and is now consolidating below the psychological level of $4,000. During the European session, gold attempted to consolidate above $4,000 but failed. We are now seeing a technical correction, so the bearish cycle is likely to resume. We could expect the instrument to reach +1/8 Murray around $3,906 in the coming days. The Eagle indicator is showing a positive signal for the coming hours. Therefore, if the price consolidates above 3,950, any technical rebound will be seen as a buying opportunity, with targets at $4,000. If the gold price consolidates above the 21 SMA, we could expect the metal to reach its all-time high. Gold could even reach +2/8 Murray around $4,062. Given that gold is overbought on the daily chart, our outlook will remain bearish. Therefore, as long as the price trades below $4,050 or below $4,000, we could look for short-term sell targets around the 200 EMA at $3,739. The material has been provided by InstaForex Company - www.instaforex.com

XRP is showing signs of a powerful bullish resurgence as both price action and momentum indicators move in perfect harmony. Recent analysis reveals that the price and Relative Strength Index (RSI) are trending upward together, a strong signal of renewed investor confidence and sustained buying pressure. With this alignment fueling optimism, XRP is orchestrating a steady climb toward the key $4 level. XRP’s Strength Amplifies With Unified Uptrend EGRAG CRYPTO, in a recent update, revealed that XRP is showing strong bullish signs when viewed from a macro perspective, as both the price and the RSI are trending upward. This coordinated movement between price and momentum indicators suggests that the broader market sentiment around XRP is shifting decisively in favor of the bulls. According to the update, XRP’s price trend is maintaining a steady upward trajectory with a slope of around 7, signaling consistent accumulation and market strength. This rise reflects a solid foundation of buyer support, indicating that the asset could be gearing up for a potential breakout. The persistence of this trend highlights that XRP’s bullish momentum is not merely short-lived but part of a developing long-term move. On the other hand, the RSI is climbing with an even steeper slope of about 9 to 10, confirming that momentum continues to build strongly. This synchronization between price and RSI movement adds further credibility to the bullish narrative, as it shows no sign of divergence that might warn of a reversal. Macro Outlook: XRP Displays Clear Upward Momentum EGRAG CRYPTO highlighted that the synchronized upward movement of both XRP’s price and the RSI confirms a strong bullish trend. According to the analysis, the consistent upward momentum reflects sustained buying activity, suggesting that XRP remains well-positioned for further gains. Furthermore, EGRAG CRYPTO pointed out that there is no divergence between the price and RSI, a factor that adds credibility to the ongoing uptrend. When both indicators move in unison, it signals that the market’s momentum is genuine and not showing signs of exhaustion. The lack of divergence suggests that the current rally is healthy and likely to continue without an immediate risk of reversal. In conclusion, the analyst described the overall setup as highly bullish for XRP. The continued harmony between price action and RSI suggests that upward momentum could persist, paving the way for a significant move higher. A decisive close above the $4 mark, he noted, would represent a key milestone for XRP’s long-term outlook, symbolizing a potential step closer to what the community refers to as “Valhalla.”

Underground drilling at West Red Lake Gold Mines’ (TSXV: WRLG) primary Madsen property in Northwestern Ontario yielded multiple instances of high-grade gold, the company said. Highlight hole MM25D-12-4860-004 in the lower Austin zone cut 7.75 metres grading 139.45 grams gold per tonne from 37 metres depth, West Red Lake said Thursday in a statement. Hole MM25D-12-4860-005, meanwhile, intersected 8.7 metres at 74.7 grams gold from 37.1 metres downhole. Vancouver-based West Red Lake, backed by Canadian Mining Hall of Fame member Frank Giustra, is continuing exploration work at Madsen even as it ramps up production at the past-producing mine. It restarted operations in May. The lower Austin zone will continue to be a key focus of drilling for the remainder of 2025, West Red Lake said. “There is significant ounce and tonnage potential remaining at depth in the Madsen orebody,” CEO Shane Williams said in the release. “We anticipate continued success in lower Austin as the drills continue to discover and define more lenses of high-grade mineralization adjacent to our active mine development.” West Red Lake shares jumped 7% to C$1.07 Friday morning in Toronto, giving the company a market value of about C$376 million. The stock has traded between C$0.52 and C$1.18 in the past year. Resource expansion Crews at Madsen are working to define the near-term mining inventory and expand the resource, West Red Lake says. Work has focused on the more continuous and higher-grade portions of the Austin, South Austin, North Austin and McVeigh zones, which will continue to be the strategy through 2025, the company said. Madsen hosts 6.9 million indicated tonnes grading 7.4 grams gold per tonne for contained metal of 1.65 million oz., and 1.8 million inferred tonnes grading 6.3 grams gold for 370,000 of contained metal, according to a December 2021 resource. Other highlights released Thursday include hole MM25D-12-4860-002, which cut 7.45 metres grading 18.31 grams gold from 39.65 metres depth, and hole MM25D-12-4860-009, which intersected 3.9 metres 13 grams from 48.45 metres downhole. With historical production of more than 30 million oz., the Red Lake camp remains one of Canada’s highest-grade gold districts. West Red Lake, whose land package covers 47 sq. km, is part of a group of core producers in the area that also includes Australia’s Evolution Mining (ASX: EVN) and Kinross Gold (TSX: K; NYSE: KGC). Turnaround Madsen produced 35,700 tonnes of ore during the third quarter at an average grade of 5.4 grams gold per tonne, West Red Lake said earlier this week. The mill poured 7,055 oz. gold. West Red Lake “has rapidly worked to turn around the asset since acquiring it in 2023 and can now take advantage of the robust gold price environment,” Red Cloud Securities mining analyst Taylor Combaluzier said in a note this week. West Red Lake is one of the first explorers that former film company executive Giustra invested in. He once said that strong hits at Rowan helped him “see the light” about backing early projects.

United States Antimony (NYSE-A: UAMY) soared to an all-time high after the Texas-based critical minerals developer announced a $25 million share placement with an unnamed mutual fund investor at above-market prices under NYSE rules. The offering, led by American Capital Partners, comprises approximately 2.38 million shares of UAMY for proceeds of $25 million, which would give them an average price of $10.51 apiece. The share placement is expected to close on Oct. 14. UAMY opened the Friday session at $12.00 before surging to a new high of $12.27 a share, taking its market capitalization to $1.6 billion. With this offering, the company said it has now raised a total of $69.25 million in three financing tranches with two large institutions over the last 45 days, at increasingly higher share prices. “While we have not solicited these institutions, we have attempted to take advantage of the opportunity in the best way possible for the benefit of our shareholders. These capital raises have been completed with minimal or no discounts to market,” UAMY chairman and CEO Gary Evans commented. Founded decades ago, US Antimony produces various forms of antimony (oxide, metal and trisulfide) through processing third-party ore at two facilities, one in Montana and another in Mexico. Its smelters represent the only two in North America with long-standing capacity to process the critical mineral used in various defense and high-tech applications. In addition to antimony, they also produce zeolite and precious metals. The proceeds of the latest offering, according to the company, will be used for a number of initiatives, such as adding to antimony and other critical mineral inventory, increasing its leasehold mineral positions in both Alaska and Montana, and expanding the capacity at its Madero smelter in Mexico. The financing follows a $245 million contract awarded by the US Defense Logistics Agency (DLA) for its supply of antimony metal ingots for the national defense stockpile.

Communities near First Quantum Minerals’ (TSX: FM) Cobre Panamá copper mine are accusing a leading environmental NGO of fuelling political unrest and failing to support those most affected by the operation’s 2023 closure. In a letter to the Packard Foundation, which has granted over $400,000 to the Environmental Advocacy Centre (Centro de Incidencia Ambiental-CIAM), the Civic Community Committee (CCC) alleges that funds meant for community development were diverted toward political activism. The foundation’s own disclosures show CIAM received $45,000 in 2022, $180,000 in 2023, and another $180,000 planned for 2025. The CCC argues that none of these funds have translated into tangible benefits for the thousands of residents who lost livelihoods when the mine shut down. Instead, the group says CIAM helped trigger the closure by leading the lawsuit that overturned the contract between First Quantum’s subsidiary, Minera Panamá, and the Panamanian state. According to the committee, CIAM’s actions fuelled mass protests in 2023, leading to the loss of over 1,500 formal jobs. The group also point to the abrupt halt of scholarships, training, and youth programmes in sports, culture, and entrepreneurship, initiatives which once anchored social progress in the region. The CCC also claims CIAM has not visited the affected communities since the mine shut down, focusing instead on political alliances and social media campaigns that promote a partisan agenda. “Their actions have created more poverty, division, and frustration among those of us who live here—the exact opposite of what they preach,” the letter states. Talks on the table Commerce Minister Julio Moltó said in September that negotiations on Cobre Panamá’s potential reopening could begin in late 2025 or early 2026, pending the results of a comprehensive audit. The review, led by SGS Panama Control Services, will evaluate the mine’s environmental, social, and economic impact, including future employment prospects. Moltó emphasized that reopening Cobre Panamá is President José Raúl Mulino’s second-highest priority, after pension reform, which is already underway. He also noted that Minera Panamá and its affiliates have suspended international arbitration against the Panamanian state, creating an opening for potential dialogue. Labour groups back the move. Aniano Pinzón, general secretary of the General Union of Workers (UGT), said the union supports reopening efforts to restore lost jobs and reignite the national economy. Economic pillar Before its closure, Cobre Panamá ranked among the world’s top copper producers, delivering 350,000 tonnes in 2022. The mine contributed about 5% of Panama’s GDP, and First Quantum estimates the halt has cost the country up to $1.7 billion in lost economic activity. Mine workers, contractors, unions, and surrounding communities continue to push for a restart, citing ts critical role in the national economy. The government insists no decision will be made until the audit is completed. First Quantum has kept the site in standby mode, prepared to resume operations if an agreement is reached. A visit by MINING.COM earlier this year found the once-bustling operation now cloaked in silence, its machinery idle beneath the encroaching jungle.

Markets just received the Canadian labor report — and unlike the still-missing U.S. one (thanks, government shutdown), this one actually delivered. Canada added +60K jobs vs. +5K expected, a sharp rebound from last month’s -65K loss. Even better, most of these gains came from full-time positions, signaling renewed strength in the labor market. Being bullish on the CAD hasn’t been a winning trade this year. It’s been one of the top underperformers in FX—now only slightly ahead of the even weaker JPY—caught in the middle of a challenging macro backdrop. As a cyclical economy, Canada cooled rapidly after its huge 2022–2023 period. The job market softened, real estate activity slumped, and slower immigration weighed further on overall growth. Combined with tensions between Ottawa and the Trump-Administration regarding US-Canada trade, the outlook for the loonie had been anything but bright. Oil prices (One of Canada's top export, linked to CAD performance) trending down to 5-year lows also haven't helped the Maple Dollar much. WTI Oil actually just dipped below $60 – this may hurt US Shale producers even further and hence have less of a net-negative effect on the CAD. Check how well Oil and the Canadian Dollar correlate throughout the years WTI Oil and CAD/USD since 1998, Source: TradingView But things might be starting to look better However, the ongoing Trump–Carney talks this week are reviving optimism for improved trade conditions. Canadian trade envoy Dominic Leblanc described the talks from this week as "successful, positive, substantive", but markets are still awaiting for decisive news on tariffs, particularly on steel. With USD/CAD testing and rejecting the 1.40 level, let’s dive into a multi-timeframe analysis to see what comes next. Read More: Gold (XAU/USD): Overstretched uptrend, risk of minor pull-back below $4,012The US Dollar rally leaves no crumbs – Market wrap for the North American session - October 9US stocks sector divergence raises red flagsUSD/CAD multi-timeframe analysisDaily Chart USD/CAD Daily Chart, October 10, 2025 – Source: TradingView After bearish failure in the pair throughout multiple consolidation periods, USD/CAD has rallied in steps – Initially ranging between 1.36 to 1.38, then 1.37 to 1.39 leading to today. Some countering elements are blurring the picture looking forward: The price action is bullish, with prices just moving above the 200-Day MA acting as immediate support. The 1.40 level on the other hand opposes a huge psychological resistance for the pair. The session and weekly close will be important for the pair: Anything below, traders consider that the trade outlook between US and Canada is not looking too bad. A close above 1.40 continues the bullish trend to retest April resistances. 4H Chart and levels USD/CAD 4H Chart, October 10, 2025 – Source: TradingView The latest move upward was more due to the broad US Dollar rally than pure Canadian Dollar weakness. Loonie weakness was at the center of its low performance this year, whcih also invites to look at other CAD pairs for decent opportunities. One can also track how prices react to a test of the 4H-MA 50 (1.39560) and upward trendline for upcoming trading. Levels to place on your USDCAD charts: Resistance Levels 1.40 to 1.4050 Psychological resistanceYesterday highs 1.40342April Resistance 1.41 - 1.4150April Pivotal resistance 1.4250Support Levels Major Daily Pivot 1.39200-Day MA 1.39750 (immediate support)1.38 Major SupportMajor Support Zone 1.3675 to 1.371.3550 Main 2025 Support1H Chart USD/CAD 1H Chart, October 10, 2025 – Source: TradingView Looking at teh keys to the current price action, USDCAD is in the middle of some key developments. A break above the weekly highs (1.4030) should turn into a further breakout. Odds of this are increased on a daily close above 1.40. A break below 1.3550 could accelerate towards the 1.39 Main Pivot, key for future price action. Any daily close below the zone (1.3880 are the lows) point to a solid re-entry within the 1.36 to 1.39 5-month range. Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier 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.

According to State Street’s 2025 global research, big investors are moving past trial runs and making clear bets on digital assets and blockchain. Nearly 60% of surveyed institutional investors say they plan to raise their crypto allocation in the next year. Average exposure is expected to double within three years, signaling firm plans rather than idle talk. Institutions Are Boosting Digital Asset Allocations Reports have disclosed that private markets are the first target. Private equity and private fixed income topped the list for tokenization, as firms look to open up illiquid holdings and make them easier to trade. By 2030, a majority of respondents expect between 10–24% of institutional investments to be made through tokenized instruments. That is a big change from pilots and proofs of concept. Benefits Cited By Investors Investors gave clear reasons for the push. Increased transparency was named by 52% as a key benefit. Faster trading was picked by 39%, and lower compliance costs by 32%. Almost half of those surveyed said they expect cost savings of more than 40% thanks to better transparency. Those figures help explain why more firms are making moves now instead of waiting. Operational Shifts Underway Based on reports, the shift is not only about portfolios. Forty percent of respondents already have a dedicated digital assets team or business unit. Nearly a third said blockchain and related digital operations are now part of their wider digital plans. Joerg Ambrosius, president of Investment Services at State Street, said institutional clients are treating these tools as strategic levers for growth and efficiency, not just experiments. Donna Milrod, chief product officer at State Street, added that firms are building teams and planning new products such as tokenized bonds, on-chain wrappers, stablecoins and tokenized cash. One in five firms plan to set up new digital asset groups in the near term. That suggests organizational change will follow the capital commitments. Many managers are rewriting workflows and adding staff with blockchain skills. At the same time, more than half of respondents said generative AI and quantum computing might have a bigger impact on investment operations than tokenization alone, though most see these technologies as working together rather than replacing each other. The survey covered senior executives across regions and different institution sizes, and it looked at both strategy and operational readiness. Featured image from Unsplash, chart from TradingView

Bitcoin’s latest pullback has little to do with crypto-native flows and everything to do with the dollar, according to chief crypto analyst at Real Vision Jamie Coutts. Sharing two charts on X, Coutts argued that a rebound in the US Dollar Index (DXY) is briefly tightening global liquidity and pressuring risk assets across the board. “Bitcoin’s dip isn’t mysterious — it’s macro,” he wrote. Why Is Bitcoin Down? “The dollar’s rebound is tightening global liquidity. DXY is retesting 100–101 — a key resistance and natural mean-reversion zone after one of the sharpest declines in decades in 1H25. Positioning had become crowded on the short side, so a bounce was always likely. The real question: is this the start of a new dollar cycle or just the setup for the next leg lower? Base case: liquidity tailwinds and an improving business cycle keep the outlook for risk assets bullish into mid-2026,” he added. The first chart he shared juxtaposes the USD COT Index with the US Dollar Index. After a prolonged slide in 1H25, speculative positioning flipped aggressively against the dollar, with the COT index sinking into negative territory in mid-2025. That capitulative stance created fertile conditions for a counter-trend squeeze. The price panel shows DXY clawing back toward the 100-101 area—a zone that lines up with prior congestion and the underside of this year’s breakdown—while the COT bars remain below zero, consistent with short-covering dynamics rather than a fully rebuilt long-dollar consensus. Coutts’ second chart overlays the Global Liquidity Index with the inverse of DXY. The series track each other closely: when the dollar weakens (inverse DXY rises), the global liquidity proxy rises too, historically coinciding with stronger performance for duration-sensitive risk assets such as equities and crypto. Over recent weeks, the white liquidity line has rolled over modestly as the blue inverse-DXY line has done the same, illustrating the transmission mechanism Coutts highlights: a firmer dollar equals tighter global dollar liquidity at the margin, which in turn dents risk appetite and crypto beta. What This Means For BTC Price Framed this way, Bitcoin’s slip is a straightforward function of FX mean reversion and futures positioning, not a breakdown in crypto’s structural flows. The “crowded short” in dollar futures telegraphed vulnerability to a bounce, and the mean-reversion target around 100–101 offered a logical waypoint for that move. If DXY stalls and resumes lower from that band—consistent with the broader 2025 downtrend—liquidity conditions would likely ease again, restoring the bid under high-beta assets. If, instead, the index pushes through and holds above that zone, Bitcoin would be contending with a more durable dollar impulse and a slower return of positive liquidity momentum. Coutts’ “base case” remains constructive despite the near-term headwind: an improving global business cycle and continued liquidity tailwinds into mid-2026. In that framework, Bitcoin’s drawdowns on dollar strength look cyclical, not secular. The immediate pivot point sits in plain view on his charts: the DXY’s 100–101 retest, born from stretched speculative shorts and classic mean reversion, is dictating BTC’s temperature for now. At press time, Bitcoin traded at $121,703.

2025 is proving to be a critical year for crypto adoption. Before, we had meme coins, but every token that goes live on Pump.fun risks plunging to zero as soon as it launches. The meme coin mania soon shifted to stablecoins, and out of this, early supporters, including Coinbase who are behind USDC, are deep in green. The big boys, including BlackRock and politicians, including Donald Trump, are watching and stealthily investing billions. Plasma immediately took off, but the network is not suited for AI payment agents; however, Coinbase has a plan. Aware that a large portion of the global population is not crypto-savvy, Coinbase, through the Coinbase Developer Platform (CDP), is reviving an old tech and building x402 on top of it. The core objective of x402 is to solve “friction” in today’s digital economy, where payments in TradFi are slow and clunky, ill-suited for automation. DISCOVER: 20+ Next Crypto to Explode in 2025 What The Heck is x402? Simply put, x402 is an open-source payment protocol that revives the long-dormant HTTP 402 “Payment Required” status code in Web2. This code allows for instant and automatic payments, ideal for AI agents. All it takes is a few lines of code, and x402 can be embedded in standard HTTP requests without the need for custom APIs, blockchain wallets, or any other complex blockchain tool. Coinbase said x402 is developed for the “agentic” future of the internet, where AI agents and machines will take over, enabling the automatic transfer of value in real time while being blockchain agnostic. This feature means that x402 can be integrate with any chain, preferably low-fee platforms like BSC, Solana, or Ethereum layer-2s. Erik Reppel, the Head of Engineering at CDP, said the open source protocol could “define the next era of the internet; one where value moves as freely and instantly as information.” Reppel added that CDP is “laying the groundwork for an economy run not just by people, but by software—autonomous, intelligent, and always on.” If payment is everything, stablecoins fit x402 like a glove, powering cheap payments anywhere in the world without requiring users to hold volatile native tokens. What’s more? Because x402 will be preferable in low-fee, scalable chains, the protocol will enable micro-transactions without the need for subcriptions. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 What’s The Implication? Boon For Ethereum and Stablecoins? One analyst on X said if x402 takes over, it will fundamentally change the “business model of the internet” that web3 is based on. He predicts a future where the open source protocol will cause a rapid shift, allowing agents to take over and enable microtransactions which will be the “currency of the AI internet.” (Source: RyanSAdams, X) The good news is that since Coinbase is behind this protocol, Ethereum, which is the host of DeFi primitives, will directly benefit once deployed for USDC microtransactions on Base layer-2. Already, in the past month, x402 has processed over 38,000 transactions, up 90%. What’s more? Trading volume is up nearly 5,000% in the same period to over $50,000. (Source: x402 Scan) DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025 Coinbase CDP x402: An AI Stablecoin Beast? Payments is still slow, ill-suited for AI agents Stablecoins rapidly finding adoption x402 will enable auto payments using AI and stablecoins x402 adoption will be massive for Ethereum The post Coinbase Betting Big: Will This Public AI And Stablecoin Beast Onboard Billions? appeared first on 99Bitcoins.

As the market enters a period of uncertainty after a bullish start to the week, the Dogecoin price has slipped back into a consolidation trend once again. This represents the slowdown brought about by profit-taking as investors secure their position. However, this does not mean that the favor has fallen back to the bears. In fact, the Dogecoin price remains in a bullish position, and as long as key factors continue to hold, then the meme coin could see a colorful breakout rally from here. The Broadening Wedge And What It Means Pseudonymous crypto analyst Gandalf Crypto took to the X (formerly Twitter) platform to share some interesting things about the Dogecoin price action. The price has so far been characterized by higher highs and lower lows, not suggesting a particular direction. But just shows that volatility is becoming higher and higher. This could lead to wild fluctuations in the Dogecoin price. Nevertheless, the fact that the altcoin continues to trade inside a Broadening Wedge pattern is worth noting. As is the case with a broadening wedge pattern, the direction in which the price breaks could determine whether the rally would continue or if the price decline would deepen. In the case of a breakout of the upper trendline toward $0.28, it would signal that the bulls will continue to push the Dogecoin price higher. However, on the flip side, there is the possibility that the price breaks below the lower trendline and makes its way toward $0.2. In that case, a deeper correction will be expected. Key Things To Watch Out For With The Dogecoin Price As the crypto analyst explains, the Dogecoin price is now nearing its resolution point within the Broadening Wedge pattern. At this junction, there are a number of things to watch that could serve as confirmation for which direction will likely play out. The first of these is in the case of a breakout, and that is the upper trendline, as already outlined above. This break would signal a bullish continuation, but it would need to be supported by adequate volume to maintain this path. Without volume, momentum struggles and could end up falling back down. But as long as the volume follows the breakout, it could lead to a Wave 7 after the completion of the Wave 6. The target for this would lie above $0.34. The more bearish path is in the case where the price completely breaks all three supports from $0.24 all the way down to $0.22. This would invalidate the entire bullish thesis, putting the bears in charge once more.

The 9th October 2025 Fintech Forum in Paris saw a top European Union official sounding the alarm, warning that the EU must accelerate its efforts to develop Euro-backed stablecoins – or risk US dominance in the global digital payment system. Insisting on the importance of Euro-backed stablecoins, Pierre Gramegna, Managing Director of the European Stability Mechanism (ESM), said, “Europe should not be dependent on US dollar-denominated stablecoins, which are currently dominating markets. Stablecoins are an inevitable part of this equation.! “In a rapidly evolving financial landscape, Europe should do its best to facilitate the generation of euro-denominated stablecoins by domestic issuers,” he added. So far, Euro stablecoins account for only $620 million of $300 billion market. Paschal Donohoe, the president of the Eurogroup pointed out that “the digital euro could still be a net positive for commerce in the region.” In July 2025, the European Central Bank (ECB) also called for stronger international coordination for stablecoin regulation. EXPLORE: 10 Best AI Crypto Coins to Invest in 2025 US Is Outpacing Europe In Digital Currency Race, Especially Since GENIUS Act Meanwhile, François Villeroy de Galhau, Governor of the Banque de France, said, “If banks are looking at the dollar stablecoin market – why not? That’s where the market is today. But they should equally focus on their natural market of tomorrow: euro stablecoins.” The Governor even went further, describing the coexistence of tokenized deposits and euro stablecoins issued by regulated banks as essential to Europe’s future monetary architecture. De Galhau said, “We could have both – but we must not end up with neither.” The GENIUS Act lays out a simple rule: every stablecoin must be backed one-to-one with cash or liquid assets, and issuers must make those reserves public. US recently passed this stablecoin bill as a part of a broader package. Alongside the GENIUS Act, the House passed the CLARITY Act and the Anti-CBDC Surveillance State Act. The CLARITY Act would give the CFTC more control over crypto markets, while the Anti-CBDC bill aims to block any digital dollar efforts by the Federal Reserve. Read More: Launch Of Euro-Backed Stablecoin In H2 2026? Nine European Banking Giants Join Forces Launch Of Euro-Backed Stablecoin In H2 2026? Nine of Europe’s biggest banks—including ING, UniCredit, Danske Bank, SEB, KBC, DekaBank, Banca Sella, and Raiffeisen Bank International—have decided to collaborate on a euro-backed stablecoin. Under the European Union’s (EU) Markets in Crypto-Assets Regulation (MiCA) framework, the collaborating banks will roll out the stablecoin in the second half of 2026. Will this be a game-changer for European crypto payments? Will the euro-backed stablecoin reduce Europe’s reliance on US dollar-denominated stablecoins? On 25 September 2025, ING released the joint statement confirming that “the initiative will provide a real European alternative to the US-dominated stablecoin market, contributing to Europe’s strategic autonomy in payments.” According to the banking giants, the stablecoin will provide near-instant, low-cost payments and settlements. Furthermore, it will enable 24/7 access to efficient cross-border payments, programmable payments, and improvements in supply chain management and digital asset settlements, which can vary from securities to cryptocurrencies. DISCOVER: 20+ Next Crypto to Explode in 2025 Key Takeaways The digital euro is often seen as the EU’s flagship response to US dominance. As the EU prepares to finalize its digital euro legislation and as major banks ready their stablecoin launch. The post “Europe should not be dependent on US dollar-denominated stablecoins,” Says EU Official, ECB Extends Support appeared first on 99Bitcoins.

After an impressive rally that propelled Bitcoin (BTC) to new heights above $126,000, the cryptocurrency market is now facing a wave of uncertainty. Major cryptocurrencies, including BTC, have seen a retracement to critical support levels, leaving many investors questioning the market’s direction. Bitcoin And Ethereum Prices Projected To Skyrocket Market expert Ash Crypto recently shared insights on social media platform X (formerly Twitter), suggesting that this pullback serves to liquidate bullish positions, particularly among retail investors. He predicts a potential rebound in mid-October, expressing optimism that the market will rally significantly by the end of the month. According to Ash Crypto, the prevailing sentiment among traders is one of fear, leading many to believe that the anticipated “PUMPTober” has been canceled. However, he argues that when market sentiment is at its most pessimistic, a substantial bounce is likely to occur, setting the stage for a parabolic rally in the fourth quarter. The expert’s projections estimate that Bitcoin could soar to between $150,000 and $180,000, while Ethereum (ETH) might reach between $8,000 and $12,000. This surge, he contends, would ignite a genuine altcoin season, with altcoins potentially experiencing gains of 10 to 50 times their current values within a few months. Analysts Predict Explosive Altcoin Phase Supporting this bullish outlook, analysts from The Bull Theory have noted that the cryptocurrency market is on the brink of its most explosive phase for altcoins. They draw parallels to the market behavior of 2020, when altcoins experienced a significant breakout after a lengthy base-building period. The analysts point out that the current market structure mirrors that of 2020, with a multi-year base formation and higher lows indicating that buyers are increasingly absorbing supply. The total altcoin market cap, excluding Bitcoin and Ethereum (referred to as TOTAL3), currently hovers around $1.14 trillion, just below a key resistance level of approximately $1.2 trillion. Historically, altseason has not commenced until this resistance is breached. As long as Bitcoin continues to reach new highs, liquidity tends to concentrate in BTC, leaving altcoins in the shadows. However, once TOTAL3 breaks through its ceiling, the analysts anticipate a massive upside, potentially pushing the altcoin market cap to between $5 trillion and $7 trillion. This potential breakout is occurring alongside favorable conditions, including high Bitcoin dominance, significant inflows into Ethereum exchange-traded funds (ETFs), improving regulatory clarity, and the resumption of global liquidity injections from countries like China and Japan. The current period of consolidation, rather than indicating weakness, is seen as a necessary phase before a broader expansion. As analysts emphasize, altseason does not begin arbitrarily; it commences when TOTAL3 decisively breaks out of its resistance. Featured image from DALL-E, chart from TradingView.com

Chilean miner Antofagasta (LON: ANTO) has launched the next phase of its copper growth strategy with the first blast at the Encuentro Sulphides pit at its Centinela mine in the country’s north. The blast marks the start of initial stripping activities that will supply higher-grade sulphide ore for the Centinela second concentrator, which is at the core of Antofagasta’s $4.4 billion expansion project for the mine. The ore will complement feed from the existing Esperanza South pit, strengthening Centinela’s production profile. Antofagasta aims to boost its copper output by 30% in the medium term thanks to the expansion, optimizing value from Centinela’s 2.6 billion tonnes of ore reserves. Approved in July 2025 with an estimated $1-billion investment, the Encuentro Sulphides project is expected to complete its stripping phase by 2028. The deposit, included in Antofagasta’s 2024 year-end reserves, holds about 738 million tonnes grading 0.45% copper, along with by-products of 0.17 g/t gold and 0.015% molybdenum. This compares favourably with Centinela’s broader sulphide reserve grade of 0.41% copper. The Centinela mining complex, located in Chile’s Antofagasta region, was created in 2014 from the merger of the Esperanza and El Tesoro mines. It produces copper concentrates containing gold and silver through milling and flotation, among other innovative processes. Powering growth Once operational, the Encuentro Sulphides pit will serve as the main ore source for Centinela’s second concentrator, which will add 95,000 tonnes per day of processing capacity. The concentrator will use high-pressure grinding rolls and other modern processing technologies to boost efficiency and recovery. Centinela’s Second Concentrator is expected to begin operations in 2027. At the peak of construction, more than 13,000 people will be employed, supporting local and regional economies. The project will extend Centinela’s operational life by 30 years. Over its first decade of operation, the facility is projected to produce an average of 170,000 tonnes of copper-equivalent output annually, including about 144,000 tonnes of copper, 130,000 oz of gold, and 3,500 tonnes of molybdenum. Centinela’s expansion adds a second concentrator and tailings deposit 7 km away, built in two phases. (Image courtesy of Antofagasta.) The Second Concentrator project also entails major infrastructure upgrades — enhancing Centinela’s raw seawater pumping system, adding new tailings storage facilities, and improving energy and logistics systems. These developments will reinforce operational reliability and sustainability as Centinela ramps up production. During pre-stripping, roughly 186 million tonnes of material will be moved over two years. The project will progressively introduce autonomous mining equipment, building on the successful use of autonomous haul trucks at Esperanza Sur. Full autonomy is targeted for January 2026. Smart, sustainable mining Centinela is recognized as a global leader in innovation. It pioneered large-scale thickened tailings technology and became the first company in Chile to secure permits for depositing tailings in inactive pits. The project has earned awards from the Chilean Association of Consulting Engineers (2022) and the Antofagasta Industrial Association (2025). The mine also leads in efficient raw seawater use, autonomous operations, and the supply of 100% renewable electricity. With the Second Concentrator, Centinela will nearly double its processing capacity, create jobs, and open new opportunities for local suppliers — strengthening its economic contribution to the Antofagasta Region. Copper’s momentum The first blast at the Encuentro pit comes a at peak moment for copper. Prices surged to a 16-month high in London this week, extending gains to 23% this year as global supply concerns deepen. Analysts have trimmed output forecasts following a series of accidents and disruptions at mines in Chile, the Democratic Republic of Congo, and Indonesia, prompting expectations of significant supply deficits. Worries intensified after Freeport-McMoRan (NYSE: FCX) declared force majeure at its Grasberg mine in Papua, Indonesia — the world’s second-largest copper operation — after severe flooding halted production. The company confirmed over the weekend that all seven missing workers were found dead following the discovery of five additional bodies.

The U.S. government shutdown has entered its 10th day under Donald Trump’s second term, freezing much of Washington and rattling the crypto market. With Congress gridlocked over border security and spending bills, investors are bracing for continued volatility. While traditional markets reel, the crypto price of key assets like Bitcoin, Ethereum, and Litecoin has dipped amid uncertainty, though analysts believe the sell-off is temporary. The real question traders are asking now: once Washington reopens and ETF approvals resume, will crypto go back up again? Market Cap 24h 7d 30d 1y All Time How Is the U.S. Shutdown Impacting Crypto Markets? The October 2025 partial government shutdown has halted primary federal functions, with over 800,000 federal workers furloughed and agencies like the SEC, IRS, and CFTC either fully closed or operating with skeleton staff. Historically, government shutdowns cause short-term volatility but limited long-term harm. However, in the US crypto space, where regulation and ETF approvals drive sentiment, the timing couldn’t be worse. DISCOVER: 16+ New and Upcoming Binance Listings in 2025 Why Are Analysts Still Bullish on a Crypto Rebound? Despite near-term issues, most analysts see this correction as temporary turbulence rather than the end of the crypto season. Bitcoin and Hold have both behaved like “safe havens”, with gold hitting new highs and Bitcoin reclaiming $120 post-dip. The FIT21 crypto framework and pending ETF approvals are now widely expected to resume swiftly after the shutdown, potentially sparking the next leg up in Q4. Bloomberg’s Eric Balchunas and James Seyffart confirmed that both LTC and HBAR ETFs are “at the goal line” with only final disclosures pending, the last step before official listing. Once approved, ETFs could open billions in inflows, strengthening access for traditional investors. That’s why some traders view the shutdown as a pause before liftoff. DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025 Could Litecoin, HBAR, and Others Be the First to Pop? Yes – and there’s growing data to support it. Litcoin (LTC) is already making its move, pushing more than 10% to over $130 mar,k and Hedera (HBAR) is positioning to be next. (Source – TradingView) Looks like traders are already taking positions in advance, speculating that the shutdown will end soon, with LTC reclaiming $130. If that is the case, HBAR could follow suit with a similar surge, potentially pushing the price to the $0.236 level. RSI levels appear to have bottomed out, and with Bitcoin holding support, this scenario seems highly plausible. (Source – TradingView) When Will Crypto Go Back Up Again? Most signs point to a rebound once the government reopens and ETF approval restarts. In our case, we can see it already happening even before that, with the LTC crypto price going up. Shutdowns tend to create short-term selling, but pent-up demand for risk assets once clarity returns. In short, Trump’s shutdown may be shaking markets now, but it’s also setting the stage for a robust recovery once Washington turns the lights back on. When that happens, expect the US crypto scene to go up again, led by the very tokens currently taking the biggest hit. DISCOVER: 10+ Next Crypto to 100X In 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Crypto on hold, waiting for the U.S. government to go back up. LTC and HBAR crypto on the finish line before ETF launch. The post Trump’s US Government Shutdown is Killing Market: Will Crypto Go Back Up Again? appeared first on 99Bitcoins.

Today, the crypto market news revolves around market recovery as traders dissect Jerome Powell’s latest speech. The key takeaway is not what was said, but what wasn’t. The absence of any reference to economic or monetary policy left the door wide open for risk assets to breathe. That includes Bitcoin, whose price in BTC USD pair moved cautiously back above $121,000. Meanwhile, ETH and XRP remained stable as USD stablecoin, a rare moment of calm across the top alts. Markets were braced for hawkish language. Instead, Powell’s speech offered no new signals. No word on rates, no taper talk, just quiet. That silence landed with crypto recovering a slight bit. Silence can speak volumes, especially when it comes from the Fed. By sidestepping any direct commentary on policy, Powell effectively gave traders nothing to panic about. The Bitcoin price responded in kind. BTC USD climbed, reaching $121K, up by 1% in 24 hours, after yesterday’s bloodbath. Market Cap 24h 7d 30d 1y All Time DISCOVER: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year Most Crypto News Headlines Today Signals Strength Despite Powell Silent Speech: Bitcoin BTC/USD Price to Bounce Hard? ETH moved to $4,350, posting a 0% movement. XRP with a modest but telling 0.8% climb to $2.83 USD. These recoveries come after weeks of chop as the crypto market paints an abstract direction. Supporting the bounce, DeFi total value locked (TVL) sits strong at above $166 billion, actually a good climb from weeks ago. More importantly, the stablecoin market cap nudged up 0.9% over the last seven days, now sitting at $303.7 billion. Capital is moving in, a metric that should be taken into consideration in how the market will behave next. (source – Stablecoins Market Cap, CoinGecko) On CoinGlass, liquidations remained tame, and funding rates stayed slightly positive across BTC and ETH USD pairs’ perpetuals. Market cautiously leaning bullish, even with no one shouting it in any CT(crypto twitter) account. With Powell speech offering no fire, traders found calm, maybe a calm before the storm. Bitcoin’s market cap is holding at $2.41 trillion; ETH sits at $522.5 billion, and price points on both are not looking bad at all as we are closer to an all-time high than where we were months ago. Digital assets are more resilient to macroeconomic noise than they were before. (source – Crypto Market Cap, CoinGecko) DEX volume remains active. DefiLlama shows over $24 billion in 24-hour decentralized exchange flow. It is an activity, even if quiet. Pair that with low volatility in perpetuals and a lack of major liquidations, with many just positioning. (source – Dex Volume, Defillama) The big question now is whether Powell keeps that quiet stance after last night’s speech. If he does, BTC USD has a chance to break higher, dragging ETH and XRP along for the ride. Until then, this moment of stability might be exactly what crypto needs. Crypto news today tells a subtle story. The Bitcoin price is rising. Powell speech offered no shocks. And across the board, crypto is recovering. DISCOVER: 16+ New and Upcoming Binance Listings in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates 31 minutes ago Trump’s US Government Shutdown is Killing Market: Will Crypto Go Back Up Again? By Akiyama Felix The U.S. government shutdown has entered its 10th day under Donald Trump’s second term, freezing much of Washington and rattling the crypto market. With Congress gridlocked over border security and spending bills, investors are bracing for continued volatility. While traditional markets reel, the crypto price of key assets like Bitcoin, Ethereum, and Litecoin has dipped amid uncertainty, though analysts believe the sell-off is temporary. The real question traders are asking now: once Washington reopens and ETF approvals resume, will crypto go back up again? Market Cap 24h 7d 30d 1y All Time Read the full story here. The post Crypto Market News Today, October 10: Crypto Recovering, Bitcoin BTC Price Back Above $121K, ETH and XRP USD Stable as Powell Speech Failed to Mention Monetary Policy appeared first on 99Bitcoins.

The political crisis in the United States continues to grip financial markets, exerting significant influence, with the dollar being the main beneficiary. How long will its positive momentum on Forex continue? Let's try to analyze this question. The political crisis in the US, known as the shutdown, has already exhausted everyone and is causing substantial losses to the American economy. There seems to be no end in sight, as the political standoff in Washington remains intense. The absence of fresh economic data also unnerves and disorients investors. This Friday, the release of the Department of Labor employment report was expected, but it did not happen due to the government shutdown, leaving the markets in limbo and creating uncertainty about the Fed's future interest rate cuts. While the shutdown continues to hang over the markets, the dollar will likely continue to receive support as a safe-haven asset. However, once the government resumes operations, the local political crisis is resolved, and the Department of Labor releases the September jobs report, the US currency could come under serious pressure and, according to the ICE index, could again fall just below 97.00. What can be expected in the markets today given the current situation? I believe that the upward trend in company stocks, especially in the US, will continue. Gold prices, after a minor correction, will recover and rise above $4,000 per troy ounce. As for the US dollar, I think it may correct slightly downward, but not by much, since the shutdown continues to hang over the markets. Its further rise, however, will likely be capped around 100.00 on the index. Daily Forecast: USD/JPY The pair found resistance at 153.00. Its failure to break through this level could lead to a corrective drop toward 150.45. A potential selling level could be 152.35 if the price falls below the 152.40 support. Gold Gold prices are rising after a minor downward correction. The persistence of several negative geopolitical factors will continue to support gold prices. A potential buying level could be 3,994.00. The material has been provided by InstaForex Company - www.instaforex.com

Overview: The US dollar has stabilized after yesterday's surge. Following words of caution by Japan's finance minister, the yen is the strongest of the G10 currencies today, with around a 0.15% gain. The slowest underlying inflation in Norway in four months has weighted on the krone, which is off about 0.35%. Excluding the krone, the G10 currencies are little changed. Emerging market currencies are in a wide range but also mixed. Since the end of tis long national holiday, China has announced several measures including broader export controls on rare earths EV battery technology, and a levy on US ships making port calls in China. Japanese and Chinese equities fell with the major indices off more than 1%. South Korea and Indian markets rallied, but most of the other large bourses in the region fell. Europe's Stoxx 600 is little changed and US index futures are slightly firmer. Benchmark 10-year yields are softer in Japan and Europe, mostly 1-2 bp lower. UK Gilts and French bonds are the best performers so far today. French President Macron is expected to name a new prime minister today and Belgium credit may be downgraded today. The 10-year Treasury yield is off nearly three basis points to 4.11%. The low for the week is closer to 4.09%. Gold held yesterday's low slightly below $3945 and has reemerged above $4000 today. The record high set Wednesday was almost $4060. November WTI was turned back after approaching $63 on Wednesday and Thursday and has tested the $61 area today. The week's low is near $60.70. USD: The Dollar Index jumped to almost 99.60 yesterday, its best level since August 1 when it reached 100.25. There appears little on the charts to prevent a return that high, which is important from a technical perspective. It could be the neckline of a double bottom, which if exceeded could project a year-end rally toward the late March high near 104.70. That is not our base case. DXY is consolidating in a narrow range so far today, between 99.20 and a little more than 99.40. The federal government remains closed, and the market is pricing in high confidence of a rate cut later this month, and about an 80% chance of another cut at the last meeting of the year in December. With no government data, the preliminary October University of Michigan is the data point of the day. Minor slippage is expected in sentiment and expectations. The one- and 5-10-year inflation projected to be stable at 4.7% and 3.7%, respectively. Assuming the government remains shut next week, the Fed's Beige Book and the NY and Philadelphia Fed's surveys are the highlights. EURO: With the apparent assistance of option-related and stop-loss sales, the euro was driven almost $1.1540 yesterday, the lowest level since August 5. The element of caution comes from the euro's settlement below the lower Bollinger Band (~$1.1575 today). Near-term potential may extend toward the $1.1515-20 area, but the topping pattern may project toward the August 1 low, a little below $1.14. The euro has fallen for four consecutive sessions. It has not fallen every day in a week since the last week of January. The euro has held above $1.1555 today but has been unable to resurface above $1.16, where options for almost 1.9 bln euros expire today. Italy reported dramatic 2.4% drop in August industrial output. It follows a 0.1% decline in Spain, 0.7% fall in Spain, and a 4.3% collapse in Germany. The aggregate eurozone figure is due in the middle of next week. Meanwhile, as the French bond market calms, Moody's is set to announce the conclusion of its review of Belgium's credit. The As3 rating (with a negative outlook) is above Fitch's assessment (A+) but below S&P (AA+) CNY: The dollar stalled on Wednesday in front of CNH7.1545, the (50%) retracement of its losses since August 1. It pulled back yesterday as mainland markets re-opened. The greenback fell to a five-day low near CNH7.1240, which was slightly below the 20-day moving average (~CNH7.1285). However, the broad strength of the dollar saw it recover to almost CNH7.14. That held today, and the US dollar has slipped back below CNH7.13. In a firm US dollar environment, the yuan tends to do well. In July, when the US dollar advanced for the first month of the year, the yuan was the strongest currency. During this week's dollar bounce, the offshore yuan is the strongest currency in Asia. The PBOC set the midpoint of the dollar's reference rate at CNY7.1048 today (CNY7.1102 yesterday). China has taken three initiatives over the past 48 hours that are significant. First, it has tightened and extended export controls on rare earths and related technologies, doing in effect what the US has done with semiconductor chips/technology, including extraterritorial application of third-party sales. If enforced, China can demonstrate escalation domination in the semiconductor and AI space as processed rare earths and associated magnets of essential (effective December 1) Second, it announced export restrictions on the equipment necessary to manufacture batteries for EV (effective November 8) Third, it will charge a special levy for US ships docking in its ports, as the US has done to Chinese vessels (effective October 14). On one hand, this is a significant escalation, but on the other hand, it could be chits to negotiate when Xi and Trump meet later this month on the sidelines of the APEC meeting in South Korea. The 4th plenary session of the 20th Central Committee in Beijing October 20-23. JPY: Takaichi's election has the new LDP leader and most likely the next Japanese prime minister has injected a new dynamic into the exchange rate. Indeed, in recent days the exchange rate has been less sensitive to the movement of the US 10-year yield. The rolling 30-day correlation between changes in the exchange rate and the 10-year US Treasury yield has fallen to near 0.40, the lowest in three months. Some observers argue that the yen's weakness adds to pressure on the BOJ to raise rates, but the swaps market sees it differently. At the end of last week, there were 14 bp of tightening discounted for this month's BOJ meeting. Now there are a little more than four. There were 18.5 bp of tightening discounted by year-end, and now about 14 bp. There are two developments to note in Japan today. First, after dramatic yen moves this week, officials have responded with a bout of verbal intervention as Finance Minister Kato warned that the government is carefully assessing "excessive or disorderly movement". Fear of intervention seems to be still at a low ebb, but it may increase if the dollar approaches JPY155.50 not because the level itself is important but that it represents a 10-yen advance from the low in mid-September. If intervention can be depicted as an escalation ladder, today's verbal intervention is a low rung. Second, the quarter-century coalition between the LDP and the Komeito Party has collapsed, ostensibly over campaign funding reform. Meanwhile, in the US, the president wants the Fed to cut more aggressively, and in Japan, the next prime minister wants the BOJ not to raise rates. The dollar settled above its upper Bollinger Band (two standard deviations above the 20-day moving average) for the fourth consecutive session yesterday. It is found slightly above JPY153.00 today. The dollar recorded a marginal new high today, near JPY153.25, before being sold to about JPY152.40. It is consolidating in the European morning. GBP: Sterling was sold to a through the September lows yesterday to $1.3280. The break of September lows in the $1.3325-35 area inflicts potentially serious technical damage. The September lows could be the neckline of a topping pattern that project losses that may extend toward $1.2945, the (50%) retracement of this year's gains. However, ahead of it is the August 1 low near $1.3140. It has been a dramatic move, and sterling settled below its lower Bollinger Band, which is near $1.3280 today. Sterling has struggled to find traction today. It has held the $1.3280 low but has not been above $1.3315. This week's loss of nearly 1.4% is sterling's largest weekly decline since early January. CAD: The US dollar is firm and reached a six-month high yesterday of almost CAD1.4035. It settled above the 200-day moving average (CAD1.3980) and CAD1.4000 for the first time since mid-April. There is little to hang one's hat on until closer to CAD1.4150-65. It is consolidating in a narrow range below yesterday's high and above C AD1.4000. Canada reports September employment figures today. Through August, the labor market has slowed. Let's run the numbers. Canada has created about 37.5k jobs in the first eight months compared with 210.5k in same period last year. It has lost a little less than 1k full-time positions this year and had gained about 86.5k in the year ago period. The unemployment rate was 6.7% in August 2024 and 7.1% in August 2025. The participation rate has eased to 65.1% in August from 65.4% last August. Wage growth for permanent employees has slowed to 3.59% year-over-year from 4.89% in August 2024. The swaps market goes into the report with about a 55% chance of a cut at month-end Bank of Canada meeting. AUD: The Australian dollar posted a bearish outside down day yesterday by trading on both sides of Wednesday's range and settling below its low. Initially, the Aussie recorded the session high in early North American trading yesterday slightly above $0.6610 were it met a buzzsaw of sellers that drove it a new session low near $0.6540. Wednesday's low was closer to $0.6555. It has been confined to about a quarter-of-a-cent range below $0.6575 so far today. Options for almost A$660 mln at $0.6545 expire today. The next chart support area is in the $0.6500-20 area. A break could signal another cent decline. After poking a little above $0.5800 yesterday, the New Zealand dollar was sold aggressively and fell through Wednesday's low slightly below $0.5740. The $0.5725 area corresponds to the (61.8%) retracement of this year's rally. It is in less than a 20-tick range above $0.5740 today. MXN: The dollar edged to a new six-session low yesterday near MXN18.30 before its broad recovery pushed it above MXN18.41. It made marginal new high near MXN18.4165 today before steadying. A trendline drawn off the late September high and last week and this week's high is found near MXN18.45 today. It falls to about MXN18.4000 at the end of next week. Mexico is expected to report that industrial production stabilized in August after contracting by 1.2% in July. It was the second consecutive monthly decline and left industrial output 2.7% lower than a year ago. The minutes from the recent central bank meeting released yesterday showed most of board are concerned about economic weakness, though yesterday's inflation showed further upward pressure on prices. Disclaimer

What to Know: Arthur Hayes predicts Bitcoin’s traditional four-year cycle is officially over Fed rate cuts and global liquidity expansion create unprecedented bullish conditions Bitcoin Hyper presale surges past $22.9M as investors position for new market paradigm Arthur Hayes, the crypto billionaire who was pardoned by President Trump and somehow always manages to be both controversial and correct, just dropped a manifesto declaring Bitcoin’s sacred four-year cycle officially deceased. RIP to the most reliable pattern in crypto, apparently. In his latest Substack post, dramatically titled Long Live the King, the former BitMEX boss argues that everything we thought we knew about Bitcoin’s cyclical behavior is about to be thrown out the window. The macroeconomic tea he’s spilling actually makes sense this time. When the Fed prints money like it’s going out of style and China joins the global liquidity party, Bitcoin thrives. With Trump literally screaming at Jerome Powell to slash interest rates faster, which he actually did in September 2025, and China deciding to stop being the fun police on monetary expansion, we’re entering what Hayes calls an era where ‘money shall be cheaper and more plentiful.’ Traditional cycle watchers are expecting Bitcoin to hit its peak soon and then nosedive 70% to 80%, like it’s done for the past decade. But the institutional money that doesn’t panic sell during dips (because, well, institutions have actual risk-management strategies) can literally change this religious yearly ritual, just as Hayes says. Suppose Hayes is right. His track record, despite his self-deprecating humor about his predictions being pretty bad, is actually pretty solid. In that case, we’re looking at a structural shift in how Bitcoin behaves in response to monetary policy. This is precisely why the Bitcoin Hyper ($HYPER) presale momentum is absolutely exploding right now. Having recently hit $22.9M, $HYPER is positioning itself to ride the $BTC wave with a utility-first approach – a Bitcoin Layer-2 – that actually makes sense in this new liquidity-driven environment. Bitcoin Hyper’s presale is essentially offering a discounted entry point into this macro thesis before the mainstream catches on. Bitcoin Hyper: Where Solana Speed Meets $BTC Security When Hayes talks about Bitcoin benefiting from increased liquidity, he’s talking about infrastructure that can actually handle that liquidity without fees going parabolic or transactions taking 45 minutes. Bitcoin Hyper ($HYPER) is building exactly that infrastructure. So, what separates Bitcoin Hyper from the casino of shitcoins flooding your X feed? The project is building an actual Layer-2 (L2) solution that will bring Solana’s legendary speed to Bitcoin’s unmatched security. Bitcoin Hyper will integrate the Solana Virtual Machine as a Layer-2 on Bitcoin, connected via a Canonical Bridge, basically taking Bitcoin’s Fort Knox-level security and giving it a Ferrari engine. The Canonical Bridge will enable asset transfers between Bitcoin’s main chain and Bitcoin Hyper’s L2, meaning you get to keep Bitcoin’s battle-tested decentralization while executing transactions at Solana-level speeds. No more choosing between security and scalability, because Bitcoin Hyper will give you both, which is precisely what institutional money needs as it floods into crypto. So Hayes’ thesis is coming full circle. Developers will be able to deploy Solana-style dApps on Bitcoin’s ecosystem, tapping into Bitcoin’s liquidity while maintaining the transaction throughput that actually makes DeFi usable. The tokenomics are designed for sustainability; not a quick rug pull. The team has allocated significant portions to staking rewards and ecosystem development, which means they’re playing the long game, precisely the game you want to play if Hayes’ post-cycle thesis is correct. Arthur Hayes is not an infallible crypto oracle; the man himself admits his predictions have been hit or miss. But when a billionaire who’s been in Bitcoin since before it was cool starts talking about structural market changes backed by actual Fed policy and global liquidity data, maybe it’s worth paying attention. And when a presale like Bitcoin Hyper positions itself specifically to capitalize on this exact macro environment, with actual utility and legitimate staking yields, that’s strategic positioning. The four-year cycle might be dead, but opportunities like this are very much alive. And Bitcoin Hyper’s $22.9M+ presale is testament to that. Even whales are sitting up and taking notice, with hefty buys of $379.9K and $274K coming in, among many others. Right now you can buy $HYPER for just $0.013095 per token, and stake it for 51% APY. $HYPER price predictions, by the way, forecast a potential $0.253 by the end of 2030. Do with that information what you will. Just don’t complain in six months when the token is trading at 10x and you were too busy arguing about cycle tops on X. Join the Bitcoin Hyper presale now. Authored by Elena Bistreanu, NewsBTC – https://www.newsbtc.com/news/arthur-hayes-bitcoin-price-prediction-amps-up-bitcoin-hyper-presale

On-chain data shows the Bitcoin mega whales are still in a phase of distribution despite the other cohorts shifting to buying. Bitcoin Mega Whales Have Continued To Sell During This Rally According to the latest weekly report from Glassnode, the Bitcoin Accumulation Trend Score suggests a resurgence in buying among the investors. This on-chain indicator basically tells us whether the BTC holders are buying or selling. The metric calculates its value by not only looking at the balance changes happening in the wallets of the investors, but also accounting for the size of the wallets themselves. This means that the behavior of the larger entities has a larger influence on the score. When the value of the indicator is above 0.5, it implies the large investors (or alternatively, a large number of small hands) are participating in accumulation. The closer is the indicator to 1, the stronger is this behavior. On the other hand, the metric being under the threshold suggests distribution is the dominant behavior among BTC holders. The zero mark serves as the extreme level for this side of the scale. Now, here’s the chart shared by Glassnode in the report that shows the trend in the Bitcoin Accumulation Trend Score separately for the various investor cohorts: As displayed in the above graph, the Bitcoin Accumulation Trend Score assumed a neutral-distribution value across the market in mid-September, but a shift has occurred recently. The sharks, investors holding between 100 to 1,000 BTC, were the first to pivot to buying. And it wasn’t just any degree of accumulation, but a strong one, with the metric sitting close to 1. The 10 to 100 BTC cohort followed soon after, though its Accumulation Trend Score has still not achieved a value as high as the sharks’. Together, the buying from these mid-sized holders appears to be what backed the recent price surge to a new all-time high (ATH). Very recently, the retail investors (below 1 BTC and 1 to 10 BTC groups) have also embraced accumulation, potentially attracted by the hype of the Bitcoin bull run. While sharks and smaller entities have been accumulating, the top end of the scale has shown a different behavior. The whales (1,000 to 10,000 BTC) have continued to hold a neutral behavior, neither buying nor selling, while the largest of entities on the network, those holding above 10,000 BTC, have been in stark contrast to the sharks with their Accumulation Trend Score sitting deep in the distribution zone. It now remains to be seen how long these Bitcoin holders, popularly called the mega whales, will continue their selloff, and whether they will provide impedance to the run. BTC Price At the time of writing, Bitcoin is floating around $120,900, down 2.5% over the last 24 hours.