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GBP/USD 5-Minute Analysis The GBP/USD pair also moved in various directions on Wednesday, influenced by the macroeconomic backdrop. During the early part of the day, the British pound continued its technical recovery. However, in the second half of the day, volatility surged. First, the U.S. ADP employment report was released with a negative figure. Then came the U.S. ISM Manufacturing PMI, which showed a "conditionally-positive" result. As a result, the dollar initially weakened, then strengthened — and now, a new downtrend is visible on the hourly timeframe. The U.S. labor market continues to show signs of strain, and this Friday's usual Nonfarm Payrolls may not be published due to the government shutdown. The shutdown — effectively a halt in all government operations due to the lack of an approved budget — has largely shut down federal services. It is likely that the U.S. Bureau of Labor Statistics will not release the NFP report this week. While ADP and NFP reports rarely align exactly, the overall trend is quite apparent. On top of already troubling labor market data, the shutdown adds further pressure on expectations. As such, the chances of any meaningful rebound in the dollar this week are slim. Despite the multi-directional movement, the 5-minute GBP/USD chart showed a clearer structure throughout the day compared with the EUR/USD pair. However, not a single viable trading signal was generated. So, although the price action was decent, traders had no proper entry points. COT Report COT reports on the British pound indicate that, in recent years, the sentiment of commercial traders has been constantly shifting. The red and blue lines, representing net positions of commercial and non-commercial traders, frequently intersect and mostly hover near the zero mark. Currently, they are nearly at the same level, indicating roughly equal numbers of long and short positions. The dollar continues to decline due to Donald Trump's policies, so in principle, market makers' demand for sterling is not especially important right now. The trade war is likely to persist in one form or another for an extended period. The Fed will cut rates in the coming year anyway. Demand for the dollar is expected to continue declining. According to the latest report on the British pound, the "Non-commercial" group opened 3,700 long contracts and closed 900 short contracts. As a result, the net position of non-commercial traders increased by 4,600 contracts over the week. In 2025, the pound appreciated significantly, and the reason behind this change is clear: the policies of Trump. Once this factor is neutralized, the dollar may shift into growth, but no one knows when that will happen. It doesn't matter how quickly the net position of the pound rises or falls. For the dollar, it is falling anyway, usually at a faster pace. GBP/USD 1-Hour Analysis In the 1-hour timeframe, GBP/USD continues to develop a new upward trend. The trendline was broken previously, which gives traders justification to expect further gains. The dollar still lacks strong fundamental backing, so we anticipate the continuation of the 2025 upward trend. On Tuesday, the pair bounced from the Senkou Span B line — around the same time that the ISM manufacturing index came out somewhat better than expected. However, this moment of dollar strength has not altered the overall picture. Key levels for October 2 include: 1.3125, 1.3212, 1.3369–1.3377, 1.3420, 1.3533–1.3548, 1.3584, 1.3681, 1.3763, 1.3833, 1.3886. Key Ichimoku indicator lines: Senkou Span B (1.3524) and Kijun-sen (1.3425). The Ichimoku levels may fluctuate throughout the day, so real-time updates should be closely monitored. Also, once the price moves 20 pips in your favor, a Stop Loss should be moved to breakeven to minimize risk. No major economic releases are expected from the UK on Thursday. The U.S. will publish weekly jobless claims, a minor report. As such, volatility may remain low, and trend-based intraday movement could be limited. Trading RecommendationsOn Thursday, traders can expect a potential continuation of the upward movement. However, there are no nearby price levels or Ichimoku lines likely to generate fresh signals. The last buy signal occurred on Tuesday after a bounce from 1.3420. With no immediate resistance levels nearby, the pound has no technical barriers to continuing its rise. Illustration Explanations:Support and resistance price levels – thick red lines where movement may end. They are not trading signal sources.Kijun-sen and Senkou Span B lines—These are strong Ichimoku indicator lines transferred to the hourly timeframe from the 4-hour one.Extremum levels – thin red lines where the price has previously rebounded. These act as trading signal sources.Yellow lines – trend lines, trend channels, and other technical patterns.Indicator 1 on the COT charts – the size of the net position for each category of traders.The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin price started a strong increase and traded above $118,000. BTC is now consolidating gains and might correct some points in the short term. Bitcoin started a major increase above the $116,500 zone. The price is trading above $117,000 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support at $117,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it clears the $119,500 zone. Bitcoin Price Starts Fresh Surge Bitcoin price managed to stay above the $115,000 zone and started a fresh increase. BTC settled above the $115,500 resistance zone to start the current move. The bulls were able to pump the price above the $117,000 and $118,000 levels. The bulls even cleared the $118,800 level. A high was formed at $119,453 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $112,806 swing low to the $119,453 high. Bitcoin is now trading above $117,000 and the 100 hourly Simple moving average. Besides, there is a short-term bullish trend line forming with support at $117,000 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $119,000 level. The first key resistance is near the $119,250 level. The next resistance could be $119,500. A close above the $119,500 resistance might send the price further higher. In the stated case, the price could rise and test the $120,500 resistance. Any more gains might send the price toward the $122,500 level. The next barrier for the bulls could be $123,00. Pullback In BTC? If Bitcoin fails to rise above the $119,500 resistance zone, it could start a fresh decline. Immediate support is near the $117,000 level and the trend line. The first major support is near the $116,150 level. The next support is now near the $115,500 zone. Any more losses might send the price toward the $114,000 support in the near term. The main support sits at $113,500, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $117,000, followed by $116,150. Major Resistance Levels – $119,500 and $120,500.

Bitcoin blasted through $116,000 with a 3% daily gain even as the U.S. government officially entered shutdown, its first since 2018. The political stalemate over health-care funding has 750,000 federal workers on furlough and could cost about $400 million per day, yet risk assets shook off early nerves. Crypto’s total market cap rose 3% to $4.09T, with Bitcoin leading and dominance climbing from 57% to 59%, a structure analysts say tends to produce more durable rallies than altcoin-led surges. Gold’s sprint to fresh records near $3,875–$3,895/oz underlined the flight-to-safety backdrop, but BTC’s two-day rebound from $112,000 suggests buyers are treating macro uncertainty as a dip-buying opportunity. Bitcoin ETF Inflows, “Uptober” Tailwinds, and a Bull-Flag Setup Fueling the rally, U.S. spot Bitcoin ETFs attracted $3.53 billion in net inflows in September, topped by $429.9 million on Sept. 30 (BlackRock, Ark, Fidelity leading). On-chain and derivatives data indicate healthy conditions as leverage resets after the decline, funding levels normalize, and open interest remains steady, allowing BTC to resume its upward trend. Technical analysts point to a multi-week bull flag with the price now pushing against the upper boundary, mirroring patterns seen before previous impulsive moves. Seasonality also favors the market, with “Uptober” traditionally showing strong performance after a positive September close. Telegram’s Pavel Durov even revived long-term optimism, reaffirming a $1 million BTC target driven by fixed supply versus money printing, sentiment often seen during mid-cycle expansions. Bitcoin’s Key Levels to Watch Out In the near term, Bitcoin resistance is around $117,500. A clear reclaim and daily close above this level could pave the way toward $119,300–$120,300, with a psychological target near $ 120,000. Order-book heatmaps indicate significant short liquidity between $118,000 and $119,000 (about $7 billion), which could trigger a squeeze if this level is broken. On the downside, bulls aim to defend the $114,800–$115,200 zone first, then the $112,000 pivot identified before the bounce; below that, there’s a larger liquidity pocket at $107,000–$108,000 (roughly $8 billion in long liquidations). Analysts MN van de Poppe, Ted Pillows, and Daan Crypto Trades all agree on the same strategy: hold $112,000, break above $117,500, and then let momentum push toward new highs into Q4. Cover image from ChatGPT, BTCUSD chart from Tradingview

According to social posts and on-chain trackers, XRP appears poised for a sharp move that could leave little time for slow decisions. Trader Altcoin Gordon cautioned that XRP’s upcoming move might unfold quickly and with force, telling traders to be ready before it takes off. Price has been stuck below $3 for weeks, and September produced no clear upward momentum, leaving traders on edge as regulators and markets add to uncertainty. Trader Warning Spurs Urgency Short-term charts show XRP compressing after a slide that began in July when the token crossed $3.60. Based on reports, Gordon’s shared chart points to prices tightening toward a breakout point. Compression like this stores volatility. It does not promise an uptrend, but when a move comes it can be abrupt. Some traders see that as an opportunity; others see a risk of chasing a quick spike. Compression And Historical Runs Reports have disclosed that research groups, including Sistine Research, say this is the third major compression since the last US election cycle. Past compressions have been followed by big moves. In late 2024, XRP rose from $0.50 to above $3.40 within weeks — a rapid jump that surprised many. Analysts now point to a range of possible outcomes, with targets that span from $8 to as much as $33 on extreme scenarios based on extensions and past cycle math. Those top-end figures are outliers and should be treated with caution. On-Chain Flows On-chain data from Santiment shows large wallets holding between 10 million and 100 million XRP added over $300 million in three days. Those wallets now hold close to 8 billion XRP, levels last seen in August before earlier rallies. Such accumulation can be bullish, though it can also set up fast squeezes that benefit early sellers. Momentum, ETFs And Market Sentiment Meanwhile, market chatter has been shaped by hopes around potential XRP-based ETFs, with a key US decision expected in October. If approvals arrive, funds could flow in quickly. If regulators delay or deny listings, sentiment could reverse. At the same time, broader crypto strength in Bitcoin and Ethereum has helped lift appetite for large-cap altcoins, and derivatives data shows rising futures volume and open interest around XRP. XRP Price Action XRP climbed to $2.94 today, up 3.30% as ETF hopes and technical setups drew attention. The $3.00 mark has become a near-term psychological target for some traders. Whatever happens next, the market looks set for higher volatility. Investors will need both timing and discipline to navigate whichever direction the next move takes. Featured image from Meta, chart from TradingView

Bitcoin is now back trading above $115,000, but the recovery comes with a shadow that cannot be ignored. A new gap opened on the CME Bitcoin futures chart, and while the spot market has pushed higher since then, the presence of this gap opens up a bearish scenario. These gaps have a history of pulling Bitcoin back down to fill them, and the most recent one opens up questions about how long the current bullish momentum can last. Bitcoin Opens Up Huge CME Gap Crypto analyst Daan Crypto noted on the social media platform X how Bitcoin opened the week with a huge CME gap that has continued higher since the futures open. This gap is important, as it has been a while since Bitcoin opened with such a huge gap. As shown in the chart image below, this CME gap is between $110,000 and $111,300. Gaps on CME futures have a tendency to close fairly quickly, meaning that Bitcoin often retraces to the level of the gap before resuming its trend. If that happens this time, the short-term structure of Bitcoin’s price action could deteriorate into a bearish momentum. However, Daan also noted that this gap should not be considered in play unless Bitcoin drops below $111,000. But if that happens, the futures chart could drag spot prices lower and turn recent strength into weakness. What Does This Mean For Bitcoin? A CME gap occurs because the Chicago Mercantile Exchange does not trade over the weekend, unlike the spot Bitcoin market, which operates 24/7. When Bitcoin makes a big move on Saturday or Sunday, CME futures reopen on Sunday evening at a different level than they closed on Friday, and this leaves an empty gap on the price chart. It’s common knowledge that Bitcoin tends to fill these gaps by returning to the level of the gap before continuing in its trend. If Bitcoin retraces to close this latest gap between the $110,000 to $111,000 range, it would erase the recovery that pushed it to $115,000 and bring the price back into a zone of uncertainty. According to Daan Crypto, if that were to happen here, then the entire structure would look pretty bad in the short term. However, this might be one of those very few gaps that never closes or not until months later. This would most likely be the case, unless Bitcoin breaks below $111,000. A dip below $111,000 could ultimately see Bitcoin losing the $110,000 price level again. If Bitcoin can stay above $115,000 and there’s enough buying pressure, then the gap can be ignored in the short term. The next test will be whether buyers can sustain the recently found momentum and push towards $120,000. At the time of writing, Bitcoin is trading at $116,380, up by 1.4% in the past 24 hours.

The SEC just made a move that could make life a little easier for crypto firms. Its Division of Investment Management put out a no-action letter saying it’s not going to crack down on advisers or funds that use state-chartered trust companies to hold crypto. That’s a pretty big deal, especially considering how rigid things have been up until now. It gives firms more options for storing digital assets without worrying about stepping on a regulatory landmine. What the No-Action Letter Actually Says Here’s what the letter actually lays out. If a state trust company is properly set up to handle crypto, and it follows a list of rules, then advisers and funds can treat it the same way they would a traditional bank when it comes to custody. That means the trust has to be officially allowed to hold crypto, must have written protections in place, and needs to keep client assets fully separate from its own. Also, it can’t touch those assets without clear permission. The letter doesn’t rewrite any laws, though. It just says the SEC staff won’t go after you if you play by these rules. Why This Matters for Custody The reason this is important is that until now, the options for storing crypto under the official rules have been pretty limited. Most firms had to work with banks or broker-dealers, which doesn’t always work well when you’re dealing with digital assets. Many crypto-native custodians don’t fit into those old categories. So by giving state trust companies a chance to step in, the SEC is basically saying, “Okay, maybe there’s another way to do this.” It could open the door for more firms to handle custody without bending over backwards. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in October2025 Safeguards the SEC Requires Of course, there are strings attached. Advisers still need to do their homework. The trust company has to be properly licensed and needs strong protections in place for handling things like private keys. Market Cap 24h 7d 30d 1y All Time It also needs to clearly agree that it won’t borrow or mix up client assets. All of that has to be written into the contract. On top of that, advisers have to decide whether using that trust company is actually a good move for their clients. So yeah, it’s flexible, but not a free-for-all. Reactions and a Warning from a Commissioner Not everyone is throwing a party. While some people in the industry are happy to finally see the SEC give a little clarity, others are raising red flags. Commissioner Caroline Crenshaw came out hard against it. She thinks this skips the proper process, lacks good data, and might even weaken the protections that are supposed to be there for investors. Her main point is that this could lead to inconsistent rules, and clients could end up paying the price. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What This Means for Crypto Firms For crypto firms, this could be a real opening. Especially for those state-chartered trust companies tied to bigger players. If they can check all the right boxes, they might finally be able to step into the custody game. A lot of firms that were locked out before could now have a shot. But they’ll still need to bring their A-game and follow everything by the book. What to Watch Next So what now? This letter could just be the first step. We’ll have to see if the SEC decides to turn this into an official rule. It’ll also be interesting to watch how state trust companies react. Will they invest in better systems and tighten up compliance? And will advisers actually take them up on this path? If the usual custodians stay expensive or slow, we might see more firms take this route. Either way, things could get interesting. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The SEC no-action letter says advisers and funds can use state-chartered trust companies to hold crypto if certain conditions are met. These trusts must be properly licensed, keep client assets fully separate, and get clear permission before accessing funds. This opens the door for more crypto-native custodians to step in, offering new options beyond banks and broker-dealers. Commissioner Caroline Crenshaw criticized the move, saying it skips public debate and could weaken investor protections. Crypto firms may now explore partnerships with state trusts, but they still need to follow strict safeguards and do due diligence. The post SEC No-Action Letter Lets State Trusts Hold Crypto for Clients appeared first on 99Bitcoins.

People in the industry are starting to talk like Solana spot ETFs are finally about to happen. Issuers are looking at the window between October 6 and 10 as the most likely time for the SEC to give the green light. There have been some real changes in how the SEC is handling crypto funds, and those changes are fueling confidence. Behind the Hype: What’s Changed A big part of the momentum comes from the SEC’s decision to adopt what are called generic listing standards for crypto exchange-traded products. That move basically removes the need for ETF issuers to file a separate rule change every time they want to launch a new crypto ETF. Instead of a long, messy process for each token, the path is now a lot more streamlined. A bunch of issuers have already gone back and updated their S-1 filings. They’re trying to smooth over any issues related to staking or technical details before things reach the final stage. Some insiders say they’re feeling pretty confident that Solana’s ETF registration statements will go live sometime between early and mid-October. DISCOVER: 20+ Next Crypto to Explode in 2025 What Could Disrupt the Timeline That said, nothing is locked in just yet. One of the biggest risks is a potential government shutdown. If that happens, the SEC would effectively go dark. That means no approvals, no progress, and no green light until the government reopens. Some people close to the filings say that if a shutdown happens, ETF approvals during that period are pretty much off the table. Market Cap 24h 7d 30d 1y All Time Another question mark is whether these ETFs will support staking from day one. Some of the revised filings mention staking, but it is still unclear if that feature will actually make it into the final products right away. DISCOVER: Best New Cryptocurrencies to Invest in 2025 What Makes This Moment Significant If the SEC gives Solana the go-ahead, it would become the first big altcoin after Bitcoin and Ethereum to land a spot ETF. That alone is a major milestone. But it also matters because there are already over 100 crypto ETF applications waiting in the wings. If Solana breaks through, that could unlock a wave of new products. The move to generic listing standards is what’s really pushing this forward. It lowers the barrier to entry and speeds up the process. Some analysts, like Eric Balchunas, are already saying that altcoin ETF approvals are basically a sure thing at this point. What to Watch Closely The first thing to watch is whether the SEC actually moves in that October 6 to 10 window. The second is whether the final approval includes staking or skips it for now. After that, it’s worth keeping an eye on what happens next. Will other altcoins like XRP or Litecoin follow Solana’s lead? And how will ETF issuers promote these new funds once they’re live? If things go smoothly, this could mark a turning point in crypto’s relationship with traditional finance. But if the process hits delays or resistance, it could be a while before we see the next big launch. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Spot Solana ETF approvals could arrive between October 6 and 10, according to sources close to the filings. The SEC is now using generic listing standards, which simplifies the process and speeds up approvals for crypto ETFs. A government shutdown could delay any decision, as the SEC would temporarily stop reviewing applications. It’s still unclear if staking will be included in the first round of Solana ETFs, as those details are still being finalized. If approved, Solana ETFs could pave the way for more altcoin ETFs and speed up the adoption of similar crypto products. The post Solana ETF Approvals May Be Just Days Away appeared first on 99Bitcoins.

Shiba Inu is approaching a decisive inflection on the 6-day SHIB/USDT chart, according to analyst CryptoNuclear’s October 1 TradingView update. The pair is pressing into a long-standing demand shelf between $0.00000850 and $0.00001183, a band that has repeatedly arrested declines since 2022 and underpinned the market’s extended sideways structure. The zone is highlighted as the market’s “make-or-break” area: hold here and the path opens to a multi-leg advance; lose it and the structure degrades into a deeper drawdown. Key Shiba Inu (SHIB) Price Levels Structurally, the macro picture remains defined by lower highs from the all-time peak, which continues to signal longer-term seller control. That said, the persistence of bids inside the $0.00000850–$0.00001183 box speaks to ongoing accumulation. The 6-day candles have compressed into a progressively tighter range, a classic volatility contraction that typically precedes expansion. With range width narrowing and tests of the same support recurring, the next directional move is likely to be sharp. On the topside, the first pivot is $0.00001580. CryptoNuclear frames this level as the initial breakout trigger on a 6-day closing basis, with volume confirmation required to validate impulsive intent. A decisive close above would expose a stair-step series of upside references at $0.00001940, $0.00002400, and $0.00003338, each corresponding to prior supply within last year’s distribution. Beyond those intermediate shelves sits a larger supply cluster at $0.00007870–$0.00008836, marked on the chart as the “High” band; in the event of a macro reversal, that zone could act as a longer-horizon magnet where profit-taking would be expected. Failure to defend the accumulation base flips the script. A breakdown through $0.00000850, especially on expanding volume, would invalidate the range thesis and shift focus to $0.00000543, annotated as the “Low” on CryptoNuclear’s chart and the next meaningful liquidity pocket below. Acceptance beneath that threshold would increase the risk of capitulation dynamics and the formation of new cycle lows, given the lack of dense historical trading in between. Market positioning follows naturally from the map. Optimistic dip-buyers view the $0.00000850–$0.00001183 area as value and a favorable risk-to-reward location, provided the market can reclaim and hold above $0.00001580 to convert resistance into support and sustain a trend continuation sequence. Cautious participants see symmetrical risk: the same compression that fuels breakouts can fuel breakdowns, and a daily-to-weekly close beneath the floor would argue for defense first. Neutral traders remain patient, waiting for confirmation via a 6-day close beyond either $0.00001580 or $0.00000850 before committing size. In sum, SHIB is coiled at a historically significant base that is likely to determine the asset’s macro path into 2025–2026. Respecting support keeps the recovery track intact toward $0.00001940, $0.00002400, and $0.00003338, with a more ambitious runway into the $0.00007870–$0.00008836 supply envelope if momentum broadens. Losing the base hands control back to sellers with $0.00000543 as the first downside checkpoint. For investors and swing traders alike, the $0.00000850–$0.00001183 zone—and the reaction around $0.00001580 overhead—are the levels to watch. At press time, SHIB traded at $0.00001231.

Gold’s new record and a fresh US government shutdown put crypto on edge, with Bitcoin hovering near $116,000 as traders brace for data blackouts and a foggier Fed path. The United States entered a federal government shutdown overnight, rattling markets worldwide. Gold surged to an all-time high, while the dollar weakened, as crypto traders debated whether risk aversion would weigh on or support digital assets. (Source: Coingecko) Bitcoin was trading in the mid-$116,000s, fairly steady on the day, by the end of Wednesday. There were wider crypto shifts that were uneven, and the large caps were experiencing both small gains and losses. Gold hit a new intraday high of about $3,895 an ounce as investors flocked into havens. An undervalued dollar and more downside cheer in equities contributed to the bid, and the odds of an October rate reduction rose amid a dismal private payrolls print. “When the government shuts down, the mood turns quite negative on the US,” a metals analyst told Reuters, pointing to the currency drop and the equity dip. The shutdown also risks delaying key economic reports, including Friday’s non-farm payrolls, leaving markets with fewer signals to guide trading. Market Cap 24h 7d 30d 1y All Time Price action in crypto reflected the uncertainty. Bitcoin edged between $116K and $117K, while altcoins lagged. CoinDesk noted in a market update that the shutdown introduces “confidence erosion and data blind spots,” conditions that can fuel volatility across risk assets. For now, traders are watching whether gold’s surge signals broader caution or if Bitcoin can carve out a safe-haven narrative of its own. The next test comes with the upcoming data releases if they arrive on time. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now How Did Bitcoin and Altcoins React to Past U.S. Government Shutdowns? Barron also noted early-session gains in Bitcoin, Ether, Solana, and XRP as traders positioned themselves around the fiscal impasse, but said that a lengthy shutdown and sluggish inflation or jobs news could make the next Federal Reserve action more challenging. In the case of non-yielding assets, such as gold and cryptocurrency, rate transparency is a key driving factor. There is no regularity in past episodes. The 16-day shutdown in 2013 saw Bitcoin increase by approximately 1,014 percent as risk appetite returned later that month. A more recent case, a 35-day stalemate in 2018-2019, saw Bitcoin fall approximately 610%, between $4,014 on December 22, 2018, and approximately $3,607 on January 25, 2019, as part of a larger crypto bear market. Crypto Fear and Greed Chart All time 1y 1m 1w 24h For now, crypto’s initial reaction appears to be cautiously risk-on, with Bitcoin rising slightly and altcoins sending mixed signals. A lot will depend on how long Washington stays closed and which economic reports are pushed back. Traders are especially interested in whether the non-farm payrolls report on Friday and the consumer price index report next week are delayed. Suppose there are any gaps in the data. In that case, the Fed might not have as many signals to guide its policy decisions going into its October meeting, which would make it harder to determine the appropriate course of action. Bitcoin support is currently around $115,000 in the short term, and the market will likely react to next week’s macroeconomic calendar if reports are released on time. Until then, markets are preparing for a range of ups and downs, and gold’s record-breaking run highlights the cautious approach people are taking toward various assets worldwide. EXPLORE: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post US Shutdown Dents Crypto Markets: Will Crypto Recover? What Happened to BTC USD Last Shutdown appeared first on 99Bitcoins.

The final — and perhaps most important — point to consider is the economy. When government spending is slashed and up to 1 million federal employees are furloughed, economic and business activity drops abruptly. American consumers cut back on spending, and business revenues, along with personal incomes, decline. Between 2018 and 2019, the U.S. economy contracted by 0.4%, and between 2012 and 2013, by 0.6%. However, economists noted that the 2018–2019 shutdown was only partial, while in 2012–2013, it was total. This means that in just two weeks of a total shutdown, the U.S. economy sustained one and a half times more damage than it did during five weeks of a partial shutdown. It's important to remember that this time, we are facing a total shutdown. Therefore, the U.S. economy won't get away with a light scare. The losses will be significant. I still have strong doubts about the GDP growth reported in the second quarter. Many experts argue that this growth wasn't driven by industrial expansion or real economic development, but rather resulted from increased tariff revenues. In other words, the U.S. budget saw an increase in income because imports dropped significantly, directly due to the rise in tariffs. So the claimed 4% economic growth in the U.S. should be taken with a grain of caution. Typically, once a shutdown ends, the economy recovers from the ground it has lost. But this time, the consequences may be more long-term. We must also not forget the lasting effects of the ongoing trade war. I believe those analysts who suggest that a recession is more likely now than ever before are absolutely right. Will the Federal Reserve be able to help? Maybe — but not quickly or easily. It would take at least a few more rounds of rate cuts to revive the labor market. As for what inflation would look like after such easing, I don't even want to think about it. But the Fed doesn't really have a choice. One or two additional rate cuts are likely to be necessary. Indeed, Fed Chair Jerome Powell continues to insist that everything depends on the incoming data. But what if that economic data doesn't get published? In my view, the U.S. dollar is poised to weaken further in the coming weeks, driven by market uncertainty — a sentiment fully reflected in the current wave pattern. Wave Pattern for EUR/USD:Based on my analysis of the EUR/USD pair, it continues to build an upward segment of the trend. The wave pattern still largely depends on the news background surrounding Trump's decisions and the domestic and foreign policies of the new U.S. administration. The targets for the current uptrend could extend as far as the 1.25 area. At present, a corrective wave 4 is taking shape, which may already be complete. The bullish wave structure remains valid. Therefore, I am still considering only long positions. By the end of the year, I expect the euro to rise to the 1.2245 mark, which corresponds to the 200.0% Fibonacci. Wave Pattern for GBP/USD: The wave structure for GBP/USD has undergone a change. We are still in an upward, impulsive segment of the trend, but its internal waves are currently difficult to read. If wave 4 unfolds as a complex three-wave pattern, the structure could normalize. Even so, Wave 4 will be significantly more complex and drawn out than Wave 2. In my opinion, the best benchmark right now is the 1.3341 level, which corresponds to the 127.2% Fibonacci. Two failed breakout attempts at this level could indicate the market is preparing for a fresh buying phase. Key Principles of My Analysis:Wave structures should be simple and easy to interpret. Complex structures are hard to trade and often indicate a change in trend.If you're uncertain about what's happening in the market, it's better to stay out.There is no such thing as 100% certainty in market direction. Always use protective Stop Loss orders.Wave analysis can be effectively combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

Perhaps the most interesting aspect for us as traders is the statistical picture. Since the U.S. Bureau of Labor Statistics is also a government agency, all upcoming labor market reports will not be published during the shutdown. As I've mentioned before, I personally doubt this is inevitable, but no one knows for sure at this point. If the Nonfarm Payrolls (NFP) report doesn't come out this Friday, the market will find it extremely difficult to assess the condition of the U.S. labor market — especially after five consecutive months of weak numbers. Even more complicated will be the situation for the Federal Reserve, because on what basis will it set monetary policy if it lacks reliable economic data? Fortunately, the next FOMC meeting isn't scheduled until the end of October. By that time, the shutdown could already be over. However, this still raises real concerns about the quality and reliability of the data that will eventually be released once the government reopens. Economists are already warning that the upcoming labor market and inflation reports may not reflect the actual economic situation. Let's not forget that during the last data misalignment, Donald Trump fired the director of the Bureau of Labor Statistics, Erica McEntarfer, after job figures were substantially revised downward for the previous three months. Today, the U.S. released a report that the market may use as a strategic reference for trading the dollar throughout the next month — the ADP employment report. To say the numbers were disappointing is a major understatement. According to ADP, the U.S. economy lost 32,000 private-sector jobs in September. Meanwhile, the previous month's figure (August) was revised sharply lower — from +54,000 to -3,000. In my opinion, the U.S. labor market continues to "cool off," and so far, the Fed's interest rate cuts haven't had any meaningful impact. This "cooling" may well continue in the coming months, since a single round of rate cuts is unlikely to be enough to jumpstart the jobs market. As a result, we may not see an improvement until the holiday season, around Christmas and New Year. During this time, the U.S. dollar could remain under pressure in financial markets, although it hasn't really managed to break free from that pressure in all of 2025. Economists continue to point to the growing number of net short positions on the dollar, and the U.S. Dollar Index remains in a downward trend. Wave Pattern for EUR/USD:Based on my analysis of the EUR/USD pair, it continues to build an upward segment of the trend. The wave pattern still largely depends on the news background surrounding Trump's decisions and the domestic and foreign policies of the new U.S. administration. The targets for the current uptrend could extend as far as the 1.25 area. At present, a corrective wave 4 is taking shape, which may already be complete. The bullish wave structure remains valid. Therefore, I am still considering only long positions. By the end of the year, I expect the euro to rise to the 1.2245 mark, which corresponds to the 200.0% Fibonacci. Wave Pattern for GBP/USD: The wave structure for GBP/USD has undergone a change. We are still in an upward, impulsive segment of the trend, but its internal waves are currently difficult to read. If wave 4 unfolds as a complex three-wave pattern, the structure could normalize. Even so, Wave 4 will be significantly more complex and drawn out than Wave 2. In my opinion, the best benchmark right now is the 1.3341 level, which corresponds to the 127.2% Fibonacci. Two failed breakout attempts at this level could indicate the market is preparing for a fresh buying phase. Key Principles of My Analysis:Wave structures should be simple and easy to interpret. Complex structures are hard to trade and often indicate a change in trend.If you're uncertain about what's happening in the market, it's better to stay out.There is no such thing as 100% certainty in market direction. Always use protective Stop Loss orders.Wave analysis can be effectively combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

Six years ago, as many economists acknowledge, the government shutdown was not a total shutdown. At that time, the U.S. Congress had managed to approve at least part of the budget for the upcoming fiscal year, so not all federal employees were at risk of being furloughed. In 2025, however, the situation is very different. Virtually all public servants are now under threat because Democrats and Republicans have failed to agree on fundamental spending issues. It's also important to note that a U.S. federal employee is not limited to the stereotypical desk worker or postal carrier. It also includes military personnel, who, although they will not be dismissed, will also not receive a paycheck. This is unlikely to boost morale in the armed forces, especially at a time when tensions with Venezuela may soon surface. Furthermore, federal employees have already endured widespread reshuffling and layoffs as part of Donald Trump's so-called "budget austerity" campaign over the past year. Personally, I don't believe further mass layoffs will occur this time around, as any such action would require solid legal justification. A lack of funds or congressional deadlock is typically not considered a legitimate ground for termination. In this light, Trump's talk of mass layoffs seems more like a strategy to pressure the Democratic Party. If the Democrats don't make concessions — something Trump has stated explicitly — then government workers would have to be let go. And who would bear the blame for that? Correct: the Democrats. The same Democrats who currently sit in Congress and the Senate, albeit "on paper," since they don't control either chamber. That means their position could become even weaker after this "Trump offensive." And don't forget — midterm elections are coming next year. That said, the situation could still swing in the Democrats' favor, because any rational observer would understand that the executive branch — the current administration — is responsible for the government's decisions, not the opposition, which in 2025 holds no real power. However, how the American electorate interprets the situation remains an open question. Frankly, I never expected American voters to elect Trump for a second term — so I suppose anything is possible. Wave Pattern for EUR/USD:Based on my analysis of the EUR/USD pair, it continues to build an upward segment of the trend. The wave pattern still largely depends on the news background surrounding Trump's decisions and the domestic and foreign policies of the new U.S. administration. The targets for the current uptrend could extend as far as the 1.25 area. At present, a corrective wave 4 is taking shape, which may already be complete. The bullish wave structure remains valid. Therefore, I am still considering only long positions. By the end of the year, I expect the euro to rise to the 1.2245 mark, which corresponds to the 200.0% Fibonacci. Wave Pattern for GBP/USD:The wave structure for GBP/USD has undergone a change. We are still in an upward, impulsive segment of the trend, but its internal waves are currently difficult to read. If wave 4 unfolds as a complex three-wave pattern, the structure could normalize. Even so, Wave 4 will be significantly more complex and drawn out than Wave 2. In my opinion, the best benchmark right now is the 1.3341 level, which corresponds to the 127.2% Fibonacci. Two failed breakout attempts at this level could indicate the market is preparing for a fresh buying phase. Key Principles of My Analysis:Wave structures should be simple and easy to interpret. Complex structures are hard to trade and often indicate a change in trend.If you're uncertain about what's happening in the market, it's better to stay out.There is no such thing as 100% certainty in market direction. Always use protective Stop Loss orders.Wave analysis can be effectively combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

Before analyzing all the aspects of a "government shutdown" and its impact on the economy, it's worth recalling that the last time the U.S. government suspended operations was six years ago. Previously, it occurred in 2013–2014. In both cases, the American economy lost between 0.4% and 0.6% of its GDP. So it's naive to think that this time there will be no or minimal losses. The U.S. economy is bound to take a hit. The first issue to consider is the fate of federal employees. They are once again being sent on an unplanned vacation, as Donald Trump refuses to make compromises with Democrats. If the shutdown lasts one to two weeks, it won't be catastrophic. But what if it drags on longer? Recall that the longest shutdown in U.S. history happened during Trump's first term. And now, the once-again incumbent president seems even more aggressive than he was six years ago. Based on this, one can assume the shutdown will continue until the Democrats concede. When that happens, I won't even begin to guess. But in the meantime, as both parties blame each other for stubbornness, government employees will remain without work. And if they're not working, they'll certainly be spending much less. This will lead to issues with loans, mortgages, and everyday consumer spending. Many economic indicators for October will likely be "distorted" simply because between 0.5 and 1 million people will have temporarily lost their jobs. Aside from that, Trump has also not ruled out the possibility of mass layoffs among federal employees. Ironically, one of the "pleasant" parts of this situation is that "critical" agencies and roles will continue to operate—but without pay. So you might say you're lucky if you're a non-essential federal worker: at least you'll get some weeks or months off. The rest will keep working unpaid. Will this prompt some federal employees to resign voluntarily, given better income prospects as truck drivers or McDonald's workers compared to serving the U.S. government? During the 2018–2019 shutdown, more than 300,000 employees were furloughed. This time, the number could be even higher. Wave Pattern for EUR/USD:Based on my analysis of the EUR/USD pair, it continues to build an upward segment of the trend. The wave pattern still largely depends on the news background surrounding Trump's decisions and the domestic and foreign policies of the new U.S. administration. The targets for the current uptrend could extend as far as the 1.25 area. At present, a corrective wave 4 is taking shape, which may already be complete. The bullish wave structure remains valid. Therefore, I am still considering only long positions. By the end of the year, I expect the euro to rise to the 1.2245 mark, which corresponds to the 200.0% Fibonacci. Wave Pattern for GBP/USD:The wave structure for GBP/USD has undergone a change. We are still in an upward, impulsive segment of the trend, but its internal waves are currently difficult to read. If wave 4 unfolds as a complex three-wave pattern, the structure could normalize. Even so, Wave 4 will be significantly more complex and drawn out than Wave 2. In my opinion, the best benchmark right now is the 1.3341 level, which corresponds to the 127.2% Fibonacci. Two failed breakout attempts at this level could indicate the market is preparing for a fresh buying phase. Key Principles of My Analysis:Wave structures should be simple and easy to interpret. Complex structures are hard to trade and often indicate a change in trend.If you're uncertain about what's happening in the market, it's better to stay out.There is no such thing as 100% certainty in market direction. Always use protective Stop Loss orders.Wave analysis can be effectively combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

On Tuesday, just before the U.S. government shutdown took effect, the Bureau of Labor Statistics managed to publish the JOLTS report. Had the release been scheduled for today, it would not have come out due to the suspension of government operations. For the same reason, it is now likely that the September Non-Farm Payrolls (NFP) report will not be published on Friday—unless lawmakers pass an interim funding bill, which seems extremely unlikely at this point, given the deep divide between the political parties. Democrats are insisting on preserving subsidies under the Affordable Care Act, while Republicans firmly oppose the idea. This has resulted in a stalemate in Congress. The Senate cannot approve the budget without votes from the other camp—Republicans currently hold only 53 seats, while 60 are needed, and one Republican senator has already withdrawn support. In practical terms, this means that the key macroeconomic report, NFP, will likely be postponed. But for how long is anyone's guess. The longest U.S. government shutdown lasted 35 days, and that too happened during Trump's first term. Many analysts warn that this current 2025 shutdown could exceed that record due to entrenched political positions, threats of real federal layoffs, and a serious standoff over healthcare funding. As a result, this month, traders will likely have to make decisions on the EUR/USD amid a data drought. That's precisely why the JOLTS and ADP reports, released on Tuesday and Wednesday respectively, have taken on special significance. Usually, these indicators act as secondary data points that precede the NFP. Now, they have become the market's only window into the state of the U.S. labor market. Let's start with the JOLTS report, which measures the number of private-sector job openings as of the end of August. On the surface, the report looked positive. After two consecutive months of decline, job openings rose from 7.21 million in July to 7.23 million in August, slightly exceeding expectations. However, the deeper reading paints a gloomier picture. For example, the number of new hires fell by 114,000 to 5.126 million, suggesting weakening demand for labor. Voluntary quit numbers dropped to 3.1 million—a low not seen in the past eight months. While this might initially seem positive (fewer workers quitting), in economic terms, it usually indicates growing uncertainty. When workers feel confident that they can change jobs easily for better pay or conditions, quit rates tend to rise. When they fall, it suggests people are clinging to the jobs they have, afraid they won't find anything better. The ADP report added further downside pressure to the dollar, providing a consistent negative narrative alongside the JOLTS report. For the first time in four years, ADP recorded job losses. According to their estimates, the number of private-sector jobs decreased by 32,000 in September—the weakest performance since December 2020. Most analysts had expected a modest increase of around 50,000 jobs. Moreover, ADP revised August's numbers lower—from 54,000 to -3,000. Not only is hiring slowing, but firms are now starting to lay off workers. This trend was also evident in the breakdown by company size: large enterprises continued to add staff, while small and mid-sized firms showed clear declines. The downward revision of August data suggests that the weakness is not an anomaly—it's part of a trend. Normally, ADP results don't correlate directly with NFP. However, with the U.S. government shut down and the Bureau of Labor Statistics on pause, this month's NFP will be delayed indefinitely. That makes ADP one of the few, albeit partial, sources of labor market insight for now, even though it excludes public sector jobs and the agricultural sector. Following the release of the JOLTS and ADP data, EUR/USD jumped to a weekly high of 1.1779. However, bulls were unable to maintain the upside after the release of the ISM Manufacturing PMI report. Although the ISM index slightly beat expectations at 49.1 (vs. a forecast of 49.0 and the previous reading of 48.7), the report was mixed overall. The index has now increased for two straight months, which on the surface reflects a recovery. Still, it remains well below the 50-point threshold, signaling continued contraction in the U.S. manufacturing sector since March. Furthermore, other components of the report failed to inspire confidence. The price-paid index—a proxy for inflation—fell from 63.7 to 61.9. Meanwhile, the new orders index dropped sharply from 51.4 to 48.9. So, even though the headline ISM number had a "green" print, it's likely to give the dollar only a reprieve. In this context, EUR/USD maintains its bullish potential. But opening new long positions is only advisable after a confirmed breakout above a key resistance zone at 1.1740. This level coincides with the middle line of the Bollinger Bands on the daily chart and the Tenkan-sen & Kijun-sen lines from the Ichimoku indicator. Bulls have tested this level for three consecutive days, but each time the price has bounced back toward the lower 1.17 region. A decisive close above resistance would open the door to higher targets—namely, 1.1800 (upper boundary of the Kumo cloud on the H4 chart) and 1.1850 (upper Bollinger Band on the Daily timeframe). The material has been provided by InstaForex Company - www.instaforex.com

Not as bad as it sounds — yes, the U.S. government did shut down, but this isn't the first time. Over the last 50 years, such events have happened around 20 times. Republicans only need eight votes from Democrats to get the government back to work, and they already have three. It's unlikely the shutdown will last long. That's why buying EUR/USD based on this headline is risky. While previous shutdowns have temporarily hurt the U.S. dollar, they are generally short-term in nature. Yes, delays in publishing important reports, including employment and inflation data, are expected. Yes, there will be furloughs and a slowdown in GDP — but history shows that things eventually stabilize. How the Dollar Typically Reacts to Shutdowns EUR/USD failed to break through the 1.18 level — not only because the shutdown was viewed as a short-term issue, but also because eurozone inflation didn't surprise to the upside. September's inflation rate came in flat at 2.2%, aligning with Bloomberg's forecasts, despite earlier figures from Spain, France, and Italy hinting it could be higher. The pair's retreat reflects the classic "buy the rumor, sell the fact" principle. According to European Central Bank President Christine Lagarde, inflation risks are balanced in both directions. With borrowing rates at 2%, the ECB is feeling comfortable. The central bank is prepared to act only if there is a notable deviation from projected inflation or an unexpected shock. The ECB's task now is to maintain the current CPI level — with precision, humility, and a solid data-driven approach. Eurozone Inflation Trends Lagarde's tone suggests that the ECB is in no rush to cut rates further. The cycle of monetary accommodation is likely done. As a result, going forward, EUR/USD movements will depend more on the actions the Federal Reserve takes next. There's a clear split within the Fed. Some officials are concerned about reaccelerating inflation. Others emphasize the need to slow down the cooling labor market. The most balanced view comes from Vice Chair Philip Jefferson, who noted that both inflation and unemployment will rise in the near future, but normalize by 2026. This outlook implies that the Fed will likely cut the federal funds rate two more times in 2025, followed by a prolonged pause. This divergence in monetary policy is expected to keep the U.S. dollar under pressure through the rest of the year — even if the U.S. government shutdown doesn't worsen the bearish outlook for EUR/USD. Technically, EUR/USD is locked in a fierce battle around the key pivot level at 1.175. This area also coincides with several key moving averages, making it a strong support/resistance zone. A bullish breakout here would justify adding to long positions.A bearish rejection, however, would increase the risk of consolidation between the $1.165–$1.175 range.The material has been provided by InstaForex Company - www.instaforex.com

The latest Reserve Bank of Australia (RBA) meeting delivered a few surprises, helping the Australian dollar hold its ground against the U.S. dollar. However, the long-term outlook remains uncertain. As expected, the RBA left interest rates unchanged at 3.6%, as inflation remains at its highest level since July 2024. The RBA directly acknowledged this inflation risk, stating: "...while recent data is incomplete and volatile, it suggests that inflation in the September quarter may come in higher than anticipated during the August Monetary Policy Statement." The central bank also noted signs of recovering consumer demand, which increases the risk of upward pressure on prices. Additionally, the RBA highlighted economic uncertainty both from domestic sources and external developments. Earlier this year, the RBA had already cut rates by a total of 75 basis points. Following the August meeting, market expectations were for two more rate cuts by year-end, bringing the rate down to 3.1%. Now, the market only sees a single rate cut in November (with about a 35% probability), or potentially pushing any additional easing into next year. Clearly, the bias has shifted in favor of the Aussie. In contrast to New Zealand, Australia's economic footing appears stronger. GDP grew by 0.8% in Q2, and PMI readings remain in expansion territory. This gives the RBA a reason to hold off on further easing, as the economy seems to be withstanding current interest rates. Meanwhile, net short positions on AUD increased by $512 million over the reporting week, bringing the total to -$3.93 billion. Speculative positioning is still bearish, and the fair value estimate has turned downward, although it remains close to the long-term average. The AUD/USD pair continues to trade within a bullish channel, though the upward momentum has weakened, and a clear catalyst for further gains is currently absent. Nevertheless, domestic fundamentals support further movement within this channel and a slow upward trajectory. A retest of the recent high at 0.6710 and a potential breakout attempt remain plausible. At the same time, signs of a strengthening U.S. dollar are becoming more pronounced. Friday will be pivotal, as it should become clear whether the government will shut down and whether labor market data will be published. If the Non-Farm Payroll report is not released, appetite for risk may quickly evaporate — which would spell trouble for AUD/USD. In such a scenario, the pair could lose its bullish tone and retrace lower toward the key support level at 0.6520. The material has been provided by InstaForex Company - www.instaforex.com

The narrative surrounding Ethereum’s future has fundamentally shifted, and is rapidly solidifying its role as the global, compliant settlement layer for traditional finance (TradFi). This strategic transformation is inextricably linked to the dominance of Stablecoins and the explosive growth of Tokenized Real-World Assets (RWAs). Network Effects Of Stablecoins And RWA On Ethereum In a recent post on X, the Token Terminal highlighted a key insight focusing on why Stablecoins and RWAs matter for the Ethereum market cap. To date, Stablecoins and RWAs are crucial for ETH, as the market capitalization of tokenized assets on ETH acts as the floor for ETH’s market cap. The reasoning is that as more assets are tokenized on the ETH blockchain, including the massive market of stablecoins and the growing sector of RWAs, the total value locked and secured by the network increases, and the more Ethereum’s market cap benefits. A Host and Producer of The Edge_Pod, known as DeFi_Dad, has reflected on how rewarding it feels to finally see stablecoins cementing credibility for Ethereum and the decentralized finance (DeFi). For years, explaining crypto in real life carried negative associations, which were often tied to price speculation or hype. Meanwhile, the narrative has shifted, and stablecoins have provided a clear, relatable entry point, with investors focused on investing in digital money applications using Stablecoins. However, the expert pointed out that the stablecoins are now so mainstream in the media that even government officials and traditional media are taking them seriously. Unlike Bitcoin, which many people only associate with volatile price action, stablecoins provide practical utility and a way to earn 5–10% yields on-chain. According to DeFi_Dad, most of it is built on ETH and stablecoins, which are like Fundstrat and the ChatGPT moment for crypto, a breakthrough product that clicks instantly for the masses. From there, stablecoins would become the stepping stone into DeFi yield and broader digital asset exposure. A Stronger Foundation For Future Development Amid the Ethereum advancements, the new Go-Pulse v3.3.0 has officially been released, a major rebase that is going to make the ETH network even faster and more robust. Richard Heart mentioned that the update from the old Go-Ethereum (GETH) v1.13.13 has gone all the way up to the new v1.16.3, which would deliver substantial performance and efficiency improvements. Heart credited ETH’s role in the process, noting that the Ethereum mainnet serves as the ultimate testing ground. By proving stability on the ETH, PulseChain is the first to integrate and is the most reliable and optimized software enhancements into its own ecosystem.

SWIFT goes on-chain with Chainlink, and UBS is already piloting fund trades, putting real-world finance one step closer to blockchain at scale. Will this integration push LINK price higher? Here’s the Link price prediction. Chainlink has rolled out a new integration with SWIFT that allows banks to trigger tokenized fund subscriptions and redemptions directly onchain using standard ISO 20022 messages. The work runs through the Chainlink Runtime Environment (CRE) and was tested in a pilot with UBS Tokenize during Sibos week. How Does Chainlink Connect SWIFT Messages to Blockchain Transactions? The setup maintains legacy systems while integrating them with blockchain rails. Banks can use the same SWIFT system they already use, and CRE will turn ISO 20022 instructions into actions on the blockchain. The pilot utilized Chainlink’s Digital Transfer Agent (DTA) standard to manage tokenized fund orders throughout the entire subscription and redemption cycle. According to the integration, the goal of the move is to scale up the adoption of tokenization in the $100 trillion global fund industry. This has been slow to happen because they need to keep their current back-office systems. The companies say that by adding blockchain operations to SWIFT’s long-standing messaging standard, banks can move funds onchain without having to make expensive changes. The project builds on earlier initiatives, such as Project Guardian in 2024, which explored how tokenized assets can be integrated into traditional financial systems. The integration status of Chainlink, which analysts observe as a fundamental transition step between the banking system and the crypto asset market, and its coverage by the media of the crypto community illustrate its size and potential scope. Chainlink referred to the new interface with SWIFT as a plug-and-play model that tries to minimize operational friction on banks and automates compliance and reconciliation. Chainlink’s native token, LINK, traded around $22-$23 on Tuesday, marking a 6% gain over 24 hours as part of a broader crypto rebound. Data from CoinGecko showed a daily range between $21.04 and $22.47, with a market cap of about $15.2Bn. (Source: Coingecko) Recent sessions have set $21-$20 as a short-term support zone. A breakdown below would expose August and September levels at $18-$19. On the upside, intraday prints near $22.5 leave $24-$25 as the next test from June highs. A strong daily close above that range could set up a retest of the $26-$28 band reached during prior rallies. The pilot, carried out with UBS Tokenize during Sibos week, fits into a push to move traditional fund workflows onto blockchain without dismantling legacy rails. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Chainlink Price Prediction: Will LINK Hold Above $20? Market analyst Ali Martinez noted that if this base remains intact, LINK could build momentum for a move toward $47. Charts indicate that LINK has been trading within an upward channel since mid-2023. Both the upper and lower limits have acted as good indicators that the trend is increasing. The last bounce originated from the 0.786 Fibonacci retracement level at $20.11, indicating strong technical support. If prices drop below this point, they could approach $15, which is where the 0.618 retracement level is located. LINK has been struggling to break through the 25 to 29 resistance as of now. The midline and significant Fibonacci levels of the channel compose this region. (Source: X) When LINK breaks through its current level of $29.11, then it may initiate a rapid increase and hit the highest point of the channel. LINK has a history of consolidating before making big moves, and this pattern can also be seen in current projections. If the bullish path holds, the next primary target sits at $46.59, near the 1.272 Fibonacci extension and the channel’s upper range. That level would mark a doubling from today’s price, but only if the $20 floor stays secure. The overall setup leaves LINK at a turning point. Staying above $20 keeps bulls in control with the $30 range as the first hurdle. Losing this support, however, risks sending LINK back to mid-teen levels before any fresh rally attempt. EXPLORE: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Chainlink Deepens SWIFT Integrations: LINK Price Prediction for October appeared first on 99Bitcoins.

The Dogecoin price is about to complete a Golden Cross pattern, a technical event that often signals the start of a super bullish run. A crypto analyst argues that the real test lies at $0.33, a resistance level that could determine whether DOGE begins its next major rally and extends its momentum into the broader altcoin market. Golden Cross Forms On Dogecoin Price Chart Crypto analyst Cas Abbe recently highlighted in an X social media post Dogecoin’s bullish momentum, noting that the meme coin is about to complete another Golden Cross. In technical terms, a Golden Cross signals the potential start of an extended bullish cycle. Cas Abbe emphasized the significance of this chart setup, pointing out that every time Dogecoin rallies, the broader altcoin market tends to follow suit. According to him, if DOGE manages to break decisively above key resistance levels, it could trigger a massive bullish surge, marking the beginning of a strong altcoin season. The analyst’s chart illustrates Dogecoin’s upward trajectory, with the price steadily climbing after bouncing from support levels around $0.21. His projection shows the meme coin advancing toward the upper resistance channel, where $0.33 sits as the key battleground. Cas Abbe predicts that a breakout beyond this threshold would push the Dogecoin price to $0.37, representing a roughly 60% surge from current levels around $0.23. Adding to the bullish narrative, crypto analyst Trader Tardigrade also shared his perspective on Dogecoin’s Golden Cross formation. He focused on the 12-hour chart, where the MACD indicator flashes the bullish chart signal. According to him, the histogram has already turned green, a clear sign of rising buying pressure. Additionally, Trader Tardigrade’s analysis suggests that bulls are beginning to take control of the market, with his chart predicting a potential surge toward the $0.32 – $0.33 zone. Expert Says Dogecoin To Reach $1 Next A crypto market expert identified as ‘Solid’ on X has drawn attention to a broader structure forming on Dogecoin’s weekly chart. His analysis reveals a broad consolidation area that could serve as the foundation for a parabolic rally. Based on this technical formation, Solid has forecasted that a golden bull run is imminent—one that could propel the DOGE price to the $1 milestone in the long term. This would reflect a massive price increase of approximately 334%. In the chart, Dogecoin’s current price action started as part of a larger consolidation phase that began after the 2021 peak. Now with bullish momentum starting to resurface after months of suppression, Solid’s analysis suggests that a strong upward breakout is becoming increasingly likely. The curved trajectory drawn on his chart envisions the meme coin riding steadily through 2025, ultimately accelerating past previous resistance levels and entering uncharted territory around $1 by 2026.

An update for Aclara Resources’ (TSX: ARA) Carina project in Brazil has lifted most of the deposit to the indicated category and raised grades for its four rare earths compared to the previous estimate. Shares jumped. The update converts 79% of the inferred resource from last year’s preliminary economic assessment (PEA) to 236.3 million indicated tonnes, Aclara reported Wednesday. Grades rose at least 3% to 293 parts per million (ppm) neodymium praseodymium (NdPr), 43 ppm dysprosium and 6.8 ppm terbium for 371,492 tonnes of total rare earth oxides (TREO). Carina is in the central state of Goiás. “The quality of the Carina deposit has been affirmed,” Aclara chief operating officer Hugh Broadhurst said in a release. “Grades of both heavy and light rare earths remain strong, tonnage is consistent, and results continue to demonstrate the stability and continuity of mineralization.” Upcoming PFS The company is focused on delivering a pre-feasibility study (PFS) for Carina within 45 days and a feasibility study in next year’s second quarter, Broadhurst added. Aclara shares rose 11% to close at C$2.88 on Wednesday afternoon, just below the all-time high of C$2.90 reached last week. The company has a market capitalization of C$633.97 million. $5M for feasibility The Vancouver-headquartered Aclara last month received backing from the US International Development Finance Corporation (DFC) for up to $5 million to support Carina’s feasibility study. Classified as funding for project development, the support can be converted into future equity in Aclara. It’s part of a US government push earmarking $1.5 billion for mining rare earths in Latin America. Rare earths are essential components in magnets and technologies needed for the green energy transition, though China controls most of their mining and processing. Wednesday’s update leaves 48 million tonnes in Carina’s inferred category grading 236 ppm NdPr, 41 ppm dysprosium and 6.4 ppm terbium for 61,675 TREO. The resource update is based on 24,564 metres of drilling across 1,682 holes, which represents six times more drilling than was done for last year’s estimate, Aclara said. Carina’s huge potential Aclara, which is 57% owned by Hochschild Mining (LSE: HOC), is also developing an ionic clay rare earths deposit in Chile, though Carina is its main focus. CEO Ramón Barúa has said he believes Carina’s output could represent about 13% of China’s annual rare earth production. The project could generate as much as 191 tonnes of dysprosium and terbium annually, heavy rare earths that are essential to electric vehicle motors, wind turbines and various defence and medical technologies, according to the PEA. The study estimated a mine life of 22 years and a net present value of $1.5 billion, using an 8% discount rate, with an internal rate of return of 27%. Carina is among just a few advanced rare earths projects in Brazil. They include Serra Verde’s Pela Ema producing mine, also in Goias, and Meteoric Resources’ (ASX: MEI) PFS-stage Caldeira project in Minas Gerais state.

Log in to today's North American session Market wrap for October 1st The US government shutdown officially kicked in, but beyond a brief selloff in the US Dollar — which stopped well short of breaking any key levels — markets have largely brushed it aside: US equities reversed early weakness seen in futures and at the open, with both the Nasdaq and S&P 500 climbing to fresh all-time highs by the close. In commodities, gold extended its rally, coming within just $5 of the $3,900 mark in yet another push toward uncharted territory. With the dollar under pressure but not yet cracking, and risk assets pushing higher, investors seem willing to ignore Washington headlines — at least for now. In terms of geopolitcs, Hamas are expressing new demands regarding the deal, with an official response expected to release in less than three days. Egypt, Qatar and Turkey, the three top Hamas mediators are pressing the organization to accept the deal. In Europe, a new Russian aerial invasion was spotted in Norway overnight. Markets haven't seem to care much overall but watch for headlines about a NATO response, still not expected by much but always a possibility: European nations are discussing the placement of a "Drone-Wall" and many NATO military assets are being moved to strategic regions in Eastern Europe. Read More:Crypto demand spikes as US Government shutdown looms and data delays hit marketsUS Equities face uncertainty as US Government Shutdown begins – S&P 500, Nasdaq and Dow Jones outlookUSD lower, Stocks higher from the US Government shutdown — North American mid-week Market updateCross-Assets Daily Performance Cross-Asset Daily Performance, October 1, 2025 – Source: TradingView Look at the beginning of Month asset inflows have brought in sudden flows to Cryptocurrencies which largely take the lead in asset performance. EU Stocks did show an impressive performance throughout the session, with the positive sentiment in Equities spreading to the US as the US Government shutdown gets progressively disregarded by all types of markets. Even the US dollar ended up ranging after its overnight correction. Once again, expect a volatile month (as a matter of fact, keep your expectations high throughout the rest of the year!) A picture of today's performance for major currencies Currency Performance, October 1 – Source: OANDA Labs The US dollar corrected from its earlier session lows back to almost unchanged on the day, with the CAD and CHF moving lower instead. About the Swissie, it has been suffering throughout the past few sessions again many majors, and particularly against the Yen. The Japanese currency is actually finishing on top again followed by a Kiwi mean-reverting higher today. Check out our recent yen analysis right here! A look at Economic data releasing in tonight and tomorrow's sessions For all market-moving economic releases and events, see the MarketPulse Economic Calendar. The session isn't over for NZD traders with a test for the currency coming up soon: The New Zealand trade data is releasing later tonight (21:30 ET) at the same time as their Financial Stability release (keep an eye on this for the NZD). Tomorrow's session should be a bit more special however, with the Jobless claims that won't get released due to the Government shutdown and the Bureau of Labor Statistics not receiving the funding to maintain its activity. The same should happen for Friday's Non-Farm Payrolls. US Challenger job cuts (7:30 A.M. ET) could be pretty interesting in the absence of much labor data (after today's ADP miss). Back to the Pacific later in the day, Australia will release their Services PMI data later in the evening. Japan will then get the spolight with their Employment figures at 19:30 and Bank of Japan Governor Ueda speaking tomorrow night. 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.

Trend Analysis In October, from the level of 1.3441 (closing of the September monthly candle), the price may begin moving upward with the target at 1.3990 – the historical resistance level (blue dashed line). When testing this level, the price may roll back downward toward 1.3786 – the upper fractal (red dashed line). Fig. 1 (monthly chart). Indicator Analysis: Indicator analysis – upward;Fibonacci levels – upward;Volumes – upward;Candlestick analysis – upward;Trend analysis – upward;Bollinger Bands – upward.Comprehensive analysis conclusion: an upward trend is possible. Overall outcome for the GBP/USD monthly candle calculation: the price will most likely have an upward trend, with the absence of the first lower shadow of the monthly white candle (first week of the month – white) and the presence of the second upper shadow (last week of the month – black). Alternative scenario: from the level of 1.3441 (closing of the September monthly candle), the price may begin moving upward with the target at 1.3786 – the upper fractal (red dashed line). When testing this level, the price may roll back downward with the target at 1.3592 – the historical resistance level (blue dashed line). The material has been provided by InstaForex Company - www.instaforex.com

SWIFT, the global network that handles most of the world’s cross-border payments, is preparing to launch its own blockchain as rumors about an ongoing payments battle with Ripple circulate. While many often compare SWIFT’s role to Ripple due to its XRP-linked payment solutions, this new plan is not a direct challenge to the fintech company, but rather part of a much larger trillion-dollar race to define the future of digital money. SWIFT Partners With Consensys To Build Blockchain Network According to the announcement, SWIFT is collaborating with Consensys, the Ethereum development company founded by Joe Lubin, to create a shared digital ledger that supports faster, cheaper, and more efficient international transactions. SWIFT is still keeping its blockchain ledger in the prototype stage, but leading banks are already testing it. JP Morgan in the United States and Deutsche Bank in Europe are among the major institutions participating in these early trials. SWIFT and its partners design the new infrastructure to support regulated stablecoins as well as tokenized assets. The shared ledger links directly to private blockchains that organizations use internally and to public blockchains open to the general public. By connecting the two, banks and financial companies in different regions will be able to join the platform without having to abandon the systems they already use. Ripple, long known for linking its XRP token with cross-border solutions, has been in this space for years. However, the announcement notes that SWIFT’s strategy differs. Instead of relying on a single cryptocurrency, it is creating a network that works directly with banks and established institutions. Trillion-Dollar Stablecoin Threat Pushes SWIFT Into Blockchain Race SWIFT’s move to launch its own blockchain could be part of a much bigger trillion-dollar battle in the payments world. Stablecoins, which are digital assets tied to fiat currencies, are now used in transactions worth trillions of dollars. The rise of stablecoins could challenge SWIFT’s long-established role in global payments. If banks begin to settle transactions directly with stablecoins, they may no longer depend on the global messaging network for cross-border transfers. The rapid growth of stablecoins could prompt banks to bypass SWIFT altogether, and if banks opt to use new digital payment systems instead, SWIFT’s role could shrink significantly. The global messaging network for financial institutions is now building the blockchain ledger within its framework to reduce this risk and prevent banks from migrating to rival providers. The move does not mean SWIFT is going head-to-head with Ripple alone. As stablecoins and tokenized money gain wider adoption, SWIFT is developing its own blockchain ledger to maintain its central position in the international payments market. The global financial messaging giant may be working to strengthen its leading position and prepare for the trillion-dollar race that could shape the international money transfer market.

Guanajuato Silver Company (TSXV: GSVR) is looking to raise as much as C$43 million ($31 million) in a bought deal public offering to support its Mexican mine operations. However, its shares dropped nearly 15% on the news. The company initially announced that it planned to raise C$30 million through the sale of 60 million units priced at C$0.50 each, but later increased the offering to C$43 million (87 million units) due to strong demand. The units each carry one common share and one-half of a common share purchase warrant, with each whole warrant exercisable at C$0.65 per share for three years. Guanajuato Silver’s stock traded at C$0.46 with a market capitalization of C$253.7 million ($182 million) by midday Wednesday following the financing announcement, having closed the previous session at C$0.54 a share. In its press release, the Vancouver-based company said the proceeds will go towards sustaining and development capital for its four operating mines in Mexico. It currently produces silver and gold concentrates from the El Cubo, Valenciana and San Ignacio mines located in the state of Guanajuato, as well as silver, gold, lead and zinc concentrates from the Topia mine in northwestern Durango. In August, Guanajuato closed an C$18 million private placement, issuing units at C$0.30 apiece. The funds, it said, would be used to upgrade its underground mining fleet and three processing facilities. Last month, the company announced the planned upgrades at the El Cubo mine and the Valenciana complex.

Log in to our mid-week North American Markets overview, where we examine the current themes in North America and provide an overview of indices and currency performances. We are now halfway through the week, and the main storyline has shifted squarely toward the US government shutdown, which has sparked a sharp N-shaped (for nope) reversal in the US Dollar. The greenback had been climbing steadily after a streak of upbeat economic data — GDP, jobless claims, and Powell’s more balanced-than-dovish tone last week pushed the DXY to fresh highs near 98.60. But shutdown rumors quickly flipped the narrative, triggering heavy selling pressure in the reserve currency, currently trading almost one full-handle below. That decline only deepened with today’s disappointing ADP employment release, while safe-haven flows steered further toward metals, with gold coming $5 off the $3,900 level. US equities have also largely shrugged off any negative outlook from the shutdown, as all three indices are potentially on track to reach new all-time highs. North of the border, Canada’s macro picture continues to underwhelm. Retail sales and household consumption are rising, but this morning’s Manufacturing PMI, at 47.7, showed contraction yet again. Meanwhile, the newly released Bank of Canada minutes confirmed that all members supported the recent cut to 2.50%. Markets now price a 55% chance of another 25 bps cut at the October 29 meeting. You can access the report right here. So, with the US shutdown shaking confidence in the dollar and Canadian data still soft, attention now shifts to whether metals and risk assets can maintain their momentum with the NFP data almost surely getting delayed. Let’s take a look at the charts. Read More:Crypto demand spikes as US Government shutdown looms and data delays hit marketsUS Equities face uncertainty as US Government Shutdown begins – S&P 500, Nasdaq and Dow Jones outlookJapanese yen could be one of the best performers for the end of the year Let's dive right into a few charts to get an overview on North American Markets, from US and Canadian equity Markets performance, USD and CAD performance to USDCAD and DXY charts. North-American Indices Performance North American Top Indices performance since last Monday – October 1, 2025 – Source: TradingView North American indices have withheld a negative performance despite the ongoing narratives with the S&P 500 on top in the US and the Canadian TSX still beating its neighbors. On the other side of the Atlantic, European stocks have largely taken the lead with North American getting slowed down by the tariffs and downbeat economic performance. US Indices are still having a stellar day today with both the Nasdaq a Dollar Index 8H Chart Dollar Index 8H Chart, October 1, 2025 – Source: TradingView Much has changed, both fundamentally and technically since our most-recent Dollar Index analysis which had supposed a much stronger US Dollar, particularly with the Head and Shoulders that had developed (now invalidated). With equity markets shrugging off the government shutdown, it will be interesting to see if the US Dollar maintains its lower descent. Breaking the session and weekly lows at 97.46 would point to a further correction towards the 97.00 handle. For bulls, look above the session highs 97.86 and a further rebound above the 98.00 Pivot. Levels to watch for the Dollar Index: Support Levels: August Range support 97.25 to 97.60weekly lows at 97.462025 Lows Major support 96.50 to 97.00Early 2022 Conslidation just below 96.0095.00 Key SupportResistance Levels: session highs 97.86 8H MA 200 98.1298.00 higher timeframe PivotCurrent range Extreme resistance 98.50100.00 Main resistance zoneUS Dollar Mid-Week Performance vs Majors USD vs other Majors, October 1, 2025 - Source: TradingView. With the post-FOMC US dollar rally, the greenback is still at a decent position compared to its mid-week bottom. Looking at the trends forming this week however, this might change. Both the JPY and AUD have held very strong however due to their own countries being subject to strong fundamentals. Canadian Dollar Mid-Week Performance vs Majors CAD vs other Majors, October 1, 2025 - Source: TradingView. The momentum one turns his head, the Loonie loses a percent against all the other majors. Jokes aside, the Canadian dollar has lost against every major in the past week-and a half stretch and except for some small dip-buying today, the trajectory still doesn't look very glorious. Intraday Technical Levels for the USD/CAD USDCAD 4H Chart, October 1, 2025 – Source: TradingView USDCAD is breaking higher after reaching new highs last Friday. A weekly close above the Aug 22 peak at 1.3925 would be needed to confirm such a breakout however, with 4H RSI momentum currently showing a divergence in what looks like an intraday double top. Levels to place on your USDCAD charts: Resistance Levels Friday Sep 29 highs around 1.3950 (double top?)1.40 Major resistanceApril 3 lows around 1.4050Support Levels 1.3925 Aug 22 highs current pivot1.3850 to 1.3860 support1.38 Handle +/- 150 pips1.3550 Main 2025 SupportUS and Canada Economic Calendar for the Rest of the Week US and Canadian Data for the rest of the week, MarketPulse Economic Calendar The rest of the week should be dominated by US data, but with the BLS data not releasing due to the shutdown, NFP and Jobless claims will not be released, which may lead to more uncertainty. Still, watch the Services PMI data releasing this Friday in the US, and keep an eye on headlines if the data ends up being programmed. More on this to come through our future reports. 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.