Redator

Pavel Durov, the founder and CEO of Telegram, used a wide-ranging conversation on the Lex Fridman Podcast to make one of his clearest long-term calls on Bitcoin yet: “I believe it will come to a point when Bitcoin is worth $1 million.” The remarks appear on Fridman’s newly released episode with Durov. Why Bitcoin Will Reach $1 Million: Pavel Durov Pressed by Fridman on why he kept accumulating Bitcoin and whether he sees further upside, Durov traced his conviction to the asset’s earliest days and to its monetary design. “I was a big believer in Bitcoin since more or less the start of it,” he said, recalling that he bought “my first few thousand of Bitcoin in 2013,” around “$700 per Bitcoin,” and refused to sell even as the price later fell toward $300. “And my response to them was, I don’t care. I’m not going to sell it. I believe in this thing.” For Durov, the crux is Bitcoin’s censorship resistance and predictable issuance: “Nobody can confiscate your Bitcoin from you. Nobody can censor you for political reasons. This is the ultimate means of exchange… The governments keep printing money like no tomorrow. Nobody’s printing Bitcoin. There is a predictable inflation and then it stops at a certain point. Bitcoin is here to stay.” Durov also drew a sharp line between his personal finances and Telegram’s operating economics, saying Bitcoin appreciation has effectively financed his lifestyle, not profits from the company. “Telegram is a money losing operation for me personally. Bitcoin is something that allowed me to stay afloat,” he noted, adding that his long-term horizon on the asset has not changed since his early purchases more than a decade ago. The timing of Durov’s $1 million thesis is notable given Telegram’s expanding role at crypto’s consumer edge. The company has progressively integrated the TON ecosystem into its product and business model, committing to Toncoin-based ad payments and revenue sharing for channel owners and opening its advertising platform to a broad set of markets. That TON-denominated ad infrastructure has been credited with catalyzing user and developer activity across Telegram’s mini-app economy. On the wallet side, Telegram’s crypto functionality—first rolled out internationally—extended to the United States in July 2025, with the TON community’s wallet mini-app enabling in-app transfers and payments. The US expansion followed what Telegram described as nine-figure global wallet activation metrics in 2024, underscoring the scale of a potential distribution channel for on-chain payments and games. As for the $1 million number itself, Durov anchored it in supply discipline and fiat debasement rather than in short-term market catalysts. His reasoning tracks with hard-cap arguments long advanced by Bitcoin’s most committed holders: issuance is programmatic and terminal, while fiscal and monetary expansion remains discretionary. Whether that macro narrative alone can deliver seven-figure prices is a market question; what Durov made clear is that his own positioning reflects a decade of conviction. “Just look at the trends,” he told Fridman. “Bitcoin is here to stay. All the fiat currencies remain to be seen.” At press time, Bitcoin traded at $114,372.

Against all expectations, September 2025 proved surprisingly kind to crypto. While BTC USD ticked higher in the first few weeks of the month, the sharp plunge in the final week failed to erase those gains. Instead, a mix of bullish Bitcoin news and resilient buyers provided strong support, establishing a solid foundation for BTC USDT to push above $125,000 in Q4 2025. Presently, the Bitcoin price is steady above $116,000. The digital gold has successfully reversed its losses from September 25. That said, this leg up is on relatively low trading volume but has nonetheless pumped some of the best cryptos to buy. From a technical standpoint, a close above $118,000 could ignite an expansion toward all-time highs. (Source: BTC USDT, TradingView) On Coinglass, trader sentiment leans optimistic overall. The long/short ratio for top trader positions stands at 1.5, though most top accounts remain heavily shorted, with a ratio of just 0.98. This bearish tilt is evident across platforms like OKX and in the majority of accounts. Meanwhile, inflows to spot exchanges are mixed, but notable purchases have emerged in the last eight hours. (Source: Coinglass) Will BTC USDT Rally in Q4 2025 After a Rare Green September? September’s gains could signal a bullish road ahead for crypto and Bitcoin traders. Historically, Bitcoin has rarely ended the month in positive territory. In much of this decade, it has closed in red, dragging top Solana meme coins with it. What’s more? Out of roughly 15 Septembers since Bitcoin trading went mainstream, only four have closed green: in 2013, 2017, 2019, and 2023. Each was a rare event, typically fueled by unique catalysts, like the early adoption boom of 2017 or the ETF hype of 2024. (Source: Coinglass) That’s why September is often dubbed “Rektember.” Yet, with Bitcoin posting a respectable +5% gain last month, this positive close might foreshadow even stronger performance to come. Whenever September favors Bitcoin, though, the coin tends to roar through Q4. Historically, BTC USD has rallied more than +50% in the quarter following a green September. October alone often delivers at least +25% gains, with November and December piling on additional momentum. Several key signals suggest this pattern could repeat. In the past, for instance, from 2020 through 2022, the lack of clear regulations and the SEC’s refusal to approve spot Bitcoin ETFs were major roadblocks. That shifted dramatically in 2024, when the agency greenlit the first batch of spot Bitcoin ETFs. According to SoSoValue, U.S. institutions have snapped up over $150Bn in spot Bitcoin ETF shares. On September 30 alone, they purchased $429M, reigniting demand and bolstering the coin’s legitimacy. (Source: SosoValue) DISCOVER: 10+ Next Crypto to 100X In 2025 Bitcoin News: Tether Buys $1Bn in BTC During Q3 2025 Beyond institutions, major firms are also stacking sats. In Q3 2025, Tether revealed it acquired 8,888 BTC at an average price of $112,500, for a total of $1Bn. The USDT issuer, tied to the viral Plasma blockchain, marked this as its latest treasury addition. This is Tether’s second major Bitcoin purchase; in Q1 2025, the USDT issuer bought another $1Bn worth. According to Arkham, the company now holds over 87,000 BTC. (Source: Arkham) The accumulation strategy is deliberate. In 2023, Tether updated its policy to allocate up to +15% of quarterly profits to BTC, viewing it as an ideal inflation hedge. At the same time, the firm is diversifying its reserves, blending Bitcoin with assets like gold and real estate. DISCOVER: 20+ Next Crypto to Explode in 2025 Bitcoin News: Tether Buys BTC, Will BTC USDT Pump In Q4 2025? Bitcoin price firm above $116,000 September 2025 closed in the green Octobers are usually bullish for Bitcoin and crypto Bitcoin news: Tether buys $1Bn of BTC The post Rarest September in Crypto History and Latest Bitcoin News as Tether Moves Billions in BTC appeared first on 99Bitcoins.

What’s the best crypto to buy today? Volatility is back on the radar as Mantra (OM) readies a wave of token unlocks and IOTA (MIOTA) struggles near multi-year lows. Both markets face selling pressure, and the arrival of new supply in Q4 could decide whether the floor holds or the slide deepens. (Source: DropsTab) Best Crypto to Buy Today? Mantra Faces Daily Unlocks and Bearish Momentum Mantra was once a rising modular blockchain play, but now appears to be cornered. Trading at $0.165, OM has shed 86% of its value over the past year, according to CoinGecko data. The token’s market cap sits at $179 Mn with $20.7 Mn in 24-hour volume; it has decent liquidity, but not enough to absorb the constant drip of supply about to hit. Mantra faces steady sell pressure as tokenomics tilt against it. From Oct. 1–8, daily unlocks of 485,417 OM , about $80,000, or 0.03% of supply, will hit the market. Half the supply already comes from legacy OM tokens, and another 16.9% sits with core contributors whose vesting schedules loom in the background. “With OM already in a deep downtrend, each unlock increases the risk of cascading sell-offs,” said a DeFi analyst at Messari. (Source: DropsTab) Unless new users or partnerships offset the dilution, OM could struggle to reclaim its summer highs near $0.34. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 IOTA Holds Ground but Lacks Catalysts Meanwhile, IOTA is trading at $0.167, up just +1.7% on the day, with a market cap of $681 Mn. While the network pioneered “Tangle” architecture years ago, it has lost mindshare to newer L1s like SUI and SEI Crypto. IOTA’s daily volume sits at just $4.47M, mostly in USDT pairs. (Source: DefilLlama) IOTA is down 12.5% on the month but still 23% higher year-on-year, a sign whales and long-term holders are keeping the floor intact. Yet DefiLlama points to stagnant wallet growth, and with no real DeFi or developer momentum, the token remains vulnerable to wider market swings. DISCOVER: Top 20 Crypto to Buy in 2025 Macro Backdrop: Rate Cuts vs. Unlock Headwinds Bitcoin is holding near $114K after the Fed’s rate cut, yet altcoins remain divided. Mantra’s October unlocks all but guarantee fresh sell pressure, while IOTA has no unlocks but little real growth to lean on. The question is whether new liquidity props up these laggards, or whether OM gets dragged lower while IOTA slips further into irrelevance. EXPLORE: Singapore Denies Do Kwon’s $14M Refund Demand For ‘Stolen’ Penthouse Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways What’s the best crypto to buy today? Volatility is back on the radar as Mantra (OM) readies a wave of token unlocks and IOTA (MIOTA) Bitcoin is holding near $114K after the Fed’s rate cut, yet altcoins remain divided. The post Best Crypto to Buy Today? Major Token Unlocks Set to Rock Mantra and IOTA Crypto Price: What to Expect? appeared first on 99Bitcoins.

Bitcoin today quickly reached the $116,500 mark, and Ethereum updated its level at $4,323, indicating the market still has strong upward prospects for cryptocurrencies.. If you think major players have left the market, you are mistaken. The Asian "MicroStrategy" — the company Metaplanet — has proven this by purchasing another 5,268 BTC for its balance sheet. The total amount on its balance sheet has grown to 30,823 BTC. This step not only demonstrates the company's confidence in Bitcoin's long-term potential but also its willingness to invest actively in the cryptocurrency sector despite existing volatility. Such actions by big players have a significant impact on the market, shaping overall sentiment and attracting the attention of other potential investors. Metaplanet's acquisition of such a large amount of Bitcoin may serve as a sign of renewed interest in cryptocurrency from institutional investors, which, in turn, may support Bitcoin's price in the long term. The influence of such trades extends much farther than just a short-term price increase. They confirm Bitcoin's status as an important asset in the portfolios of large companies who are diversifying investments and trying to protect their capital from inflation and other macroeconomic risks. There has also been renewed inflow into spot ETFs, which will continue to stimulate market growth. This factor, together with the positive signals mentioned above, creates a favorable environment for further strengthening of cryptocurrency assets. The renewed interest in spot ETFs indicates that investors, especially institutional ones, are returning confidence to Bitcoin as a reliable store of value and a tool for portfolio diversification. Capital inflows into these funds act as an extra stimulus, supporting the upward trend and creating a shortage of supply in the market, which in turn contributes to an increase in price. It is important to note that spot ETFs, unlike futures ETFs, are backed by real cryptocurrencies. This provides additional stability and appeal for investors who want to avoid high risks. Trading recommendations: As for Bitcoin's technical picture, buyers are now aiming to return the price to the $117,100 level, which opens the way directly to $119,300, and from there it is close to the $120,900 level. The most distant target is the maximum area around $121,400. Overcoming this level would mean further strengthening of the bull market. In case of a decline in Bitcoin, buyers are expected at the $115,100 level. A return of the trading instrument below this area could quickly bring BTC down to the $113,000 area. The most distant support is in the $111,200 zone In terms of Ethereum's technical picture, a clear consolidation above the $4,331 level opens a direct path to $4,441. The furthest target is the maximum in the $4,533 area, overcoming which would mean strengthening of the bull market and an increase in buyer interest. In case of a decline in Ethereum, buyers are expected at the $4,235 level. A return of the trading instrument below this area could quickly bring ETH down to the $4,132 area. The most distant target will be the $4,039 area. What is on the chart: - Red color marks support and resistance levels, from which a slowdown or a rapid price increase is expected at the moment; - Green color marks the 50-day moving average; - Blue color marks the 100-day moving average; - Light green color marks the 200-day moving average; A crossover or a price test of these moving averages usually either stops the market or creates an impulse for new movement. The material has been provided by InstaForex Company - www.instaforex.com

Asia Market Wrap - Nikkei at Three- Week Lows Most Read: AUD/USD Forecast: Are Fresh Highs Incoming After RBA Rate Hold? Japanese stocks experienced a widespread sell-off on Wednesday as investors chose to cash in profits following the market's recent strong rally, marking the beginning of the second half of the fiscal year. The main Nikkei index fell by 0.85%, closing at its lowest point since September 11, and marking its fourth straight session of losses. The broader Topix index also lost 1.37%. This decline followed a spectacular September for the Nikkei, which gained 5.2% and hit a record high, largely driven by chip-making equipment maker Tokyo Electron which soared 27.6% last month. However, Tokyo Electron's shares fell 2.09% on the day, and tech investor SoftBank Group lost 2.38%, becoming the biggest downward drags on the Nikkei. Almost all sectors on the Tokyo Stock Exchange declined, with bank stocks performing the worst; major lenders like Mitsubishi UFJ Financial Group and Mizuho Financial Group saw significant losses. This market caution came as the US government began to shut down after Congressional Democrats and President Donald Trump failed to agree on health-care spending. President Trump escalated the situation by suggesting he might permanently fire "a lot" of federal workers. Investor attention is now completely focused on the shutdown, which creates uncertainty for the world's largest economy and threatens to delay key economic reports the Federal Reserve needs to determine its path for interest rate cuts. This uncertainty arises despite the S&P 500 recently rebounding from its April lows to record its strongest September in over 15 years, a rally fueled by excitement over artificial intelligence and the expectation of lower interest rates. Euro Area Inflation Ticks Higher Euro area inflation, which measures consumer price increases, rose slightly to 2.2% in September 2025, according to preliminary data. This figure is a small increase from the 2.0% seen in the previous three months and is now just above the European Central Bank's 2.0% target. The main reason for this increase was a smaller drop in energy costs, which fell by only 0.4% compared to a much larger 2.0% drop in August. Inflation for services also ticked up slightly. In contrast, prices for food, alcohol, and tobacco rose at a slower rate, mostly due to weaker price increases for unprocessed food. The prices for non-energy industrial goods remained unchanged. However, the measure that the central bank often watches, core inflation, which excludes volatile items like energy and food remained stable at 2.3%, holding at its lowest level since January 2022. European Session - European Stocks Rise European stock markets advanced on Wednesday, primarily led by a jump in healthcare stocks. The optimism in the healthcare sector was sparked by a deal between the US government and Pfizer, which helped reduce uncertainty for drugmakers. This boost occurred despite ongoing concerns that a potential US government shutdown could delay the release of the key monthly jobs data. The main pan-European index, the STOXX 600, gained 0.3% and is heading for its fourth straight day of gains. While the overall mood was positive, performance across national markets was mixed: Spain's index fell 0.4%, but the UK's FTSE 100 climbed 0.7% to hit an all-time high. Healthcare stocks surged 3.1%, marking what could be their largest single-day gain in over a year. The catalyst was the news that Pfizer agreed to lower the price of its prescription drugs in the US Medicaid program in exchange for relief from US tariffs. Several other pharmaceutical stocks saw significant gains, including Ambu, Sartorius, Merck, Roche, and AstraZeneca. Additionally, Novartis gained 2.5% after the US FDA approved its new oral treatment for a chronic inflammatory skin disease. On the downside, the technology sector dipped 0.6%, and real estate lost 0.8%. Among individual companies, the UK's food ingredients maker Tate & Lyle dropped 9.4% after warning that its annual profit and revenue would decline. Conversely, the Dutch engineering firm Arcadis climbed 8.6% after announcing a new share buyback program. On the FX front, The US dollar dropped to its lowest value in a week against other major currencies on Wednesday, with the dollar index slipping 0.2%. This market movement showed signs of investors seeking safety, which boosted low-interest currencies traditionally seen as safe havens, such as the Japanese yen and the Swiss franc. The dollar fell by 0.5% against the yen, reaching its weakest level in about two weeks, and also lost around 0.2% against the Swiss franc. At the same time, US government bonds (Treasuries) and gold maintained their strong positions. Currency Power Balance Source: OANDA Labs Oil prices stabilized on Wednesday after two consecutive days of declines. Investors were assessing two opposing forces: the plan by major oil producers (OPEC+) to increase output next month, which suggests more supply, versus recent economic data from the US and Asia that showed signs of weakening demand. Despite being stable now, both major oil contracts, Brent crude futures and U.S. West Texas Intermediate (WTI) crude had fallen by 1% earlier in the volatile trading session. On Monday, both had dropped more than 3% in their steepest daily decline since August 1, followed by a further 1.5% drop on Tuesday. Brent crude futures were last down 4 cents at $65.99 a barrel, and WTI crude fell 5 cents to $62.32 a barrel. Gold prices surged to a new record high on Wednesday, primarily driven by investor demand for safe-haven assets following the start of the U.S. government shutdown. This political uncertainty was compounded by the release of weak labor market data, which increased expectations that the Federal Reserve will be forced to cut interest rates to support the economy. As a result, spot gold trades at $3,882/oz, after peaking earlier in the session at an all-time high of $3,895.32/oz. Economic Calendar and Final Thoughts Looking at the economic calendar, the European session has brought a host of data releases thus far. The US session will bring US PMI and employment data which may be given more attention now that the NFP release may be delayed due to the US Government shutdown. Continuing with the trend this week, we have a host of central bank policymakers speaking which could stoke volatility as they discuss the outlook for monetary policy moving forward. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - DAX Index From a technical standpoint, the DAX index is finally eyeing a break above the key confluence level at 24000. The psychological level also hosts both the 50 and 100-day MAs with the DAX trading above both at present. Beyond that the DAX continues to trade in the channel which has been since the beginning of August with the top end of the channel around the 24200 mark. A move to the top of the channel will reignite the question of whether a break or bounce will occur and present further opportunities for market participants. Resistance on the upside may be found at 24200, 24400 and the recent highs at 24654. Looking at the downside, immediate support is now provided by both the 50 and 100-day MAs before the 20 day MA resting at 23705 comes into focus. DAX Index Daily Chart, October 1. 2025 Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Shutdown and its economic consequences A government shutdown has been declared in the United States due to the lack of a funding agreement, resulting in the closure of government institutions and potential mass layoffs. Economists warn of risks to the labor market and financial markets in this environment of uncertainty. Analysts note that a prolonged shutdown could negatively impact GDP growth in the fourth quarter. Additionally, it increases pressure on politicians, as investors demand quick solutions to stabilize the situation. Read more at the link. Index records and declining futuresThe S&P 500 and Nasdaq stock indices ended the quarter at new highs, but futures declined after the shutdown-prevention deadline passed, creating an atmosphere of uncertainty and risk for the publication of key economic data. Investors fear that delays in the release of statistics may impact Fed decisions. Despite record highs, there remains a risk of a short-term correction if the crisis drags on. Meanwhile, market participants are focusing on corporate earnings forecasts in the upcoming reporting season. Read more at the link. Stock market and hopes for pharma supportThe US shutdown—despite its negative consequences—is underpinned by hopes for positive news from pharmaceutical companies, which has temporarily lifted stock indices. However, experts warn of risks to business and the economy. The healthcare sector could become a driver of growth amid instability. Nevertheless, long-term prospects remain in question if the political crisis is not resolved soon. Read more at the link. Let us remind you that InstaForex provides the best conditions for trading stocks, indices, and derivatives, helping you profit effectively from market fluctuations. The material has been provided by InstaForex Company - www.instaforex.com

BHP (ASX: BHP) is investing more than A$840 million ($555 million) in its Olympic Dam copper, gold and uranium complex in South Australia, advancing a series of growth projects ahead of a multibillion-dollar expansion decision expected in 2028. The spending will fund an underground access tunnel into the Southern Mine Area, opening up new sections of the deposit considered vital for technology supply chains and the global energy transition. Other projects include a backfill system to deliver paste fill to deeper mine areas, expanded ore pass capacity and a new oxygen plant to boost smelter performance and copper processing capability. “BHP is the largest producer of copper in the world, and we expect to grow our copper base from 1.7 million tonnes to around 2.5 million tonnes per annum,” chief operations officer Edgar Basto said in the statement. He called the projects “building blocks” toward unlocking future production. The mining giant had previously targeted a 2027 final investment decision on a major smelter and refinery expansion but in August shifted that date to 2028. BHP, the world’s largest miner, is considering doubling copper output in South Australia to 650,000 tonnes by the mid-2030s. The project’s future will hinge on energy costs and broader economic conditions, chief executive Mike Henry said last month. BHP has floated and shelved Olympic Dam expansion plans repeatedly over the past 15 years. Copper champion Olympic Dam hosts one of the world’s largest copper, uranium and gold deposits, making it central to BHP’s long-term strategy and Australia’s role as a top copper supplier for the low-carbon transition. The mine has consistently produced more than 300,000 tonnes of copper a year for the past three years. Copper SA, BHP’s South Australian division, operates Olympic Dam along with the Prominent Hill and Carrapateena mines. Exploration at Oak Dam could pave the way for a fourth operation. Combined with its Escondida mine in Chile, BHP controls the world’s largest known copper resources. The company produced more than two million tonnes of copper in the 2025 financial year ending June 30, marking a 28% increase over three years, according to its latest annual report.

Meme coins are making a strong comeback, and with Bitcoin surging past $115,000 and eyeing $120,000, traders are hunting for tokens that deliver explosive ROIs. MemeCore stands out as the best crypto to buy now, thanks to its impressive recovery and resilience despite a worrying dip earlier this week. In numbers: M USDT is up nearly +8% in the past 24 hours, erasing last week’s losses. Alongside Pengu and PUMP, M is stealing the spotlight as the third-biggest gainer among the top 10 meme coins in the last day. According to Coingecko, M USDT is up a staggering +280% over the past month and shows no signs of slowing. (Source: Coingecko) Coinglass data reveals mounting interest. Capital is pouring into M USDT perpetuals on major exchanges like Binance and Bybit. For instance, over $1.9M in M crypto changed hands in the last eight hours. That said, trading volume has dipped on some platforms: Perpetual volumes for M USDT are down -20% on average on Binance, while spot trading on Kraken has fallen -60% to $1.4M. (Source: Coinglass) DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025 M USDT Pumping Hard: Is $5 Next? If net flows across top perpetual exchanges are any indication, M USD could rally even harder in the days ahead. On the daily chart, the decent valuation of M crypto solidifies it as the best crypto to buy now, and that momentum isn’t fading anytime soon. Market Cap 24h 7d 30d 1y All Time Yesterday’s sharp reversal of September 29’s losses has kept the uptrend alive since late August. Local support holds at $1.50, matching those September 29 lows. If September 30 buyers maintain the pressure today, a close above $2.50 could spark fresh demand, propelling M USDT toward $3 and new all-time highs. This rally would confirm September gains and pave the way for a strong end to the year. If anything, any expansion of M crypto prices closes the gap with Shiba Inu. Should M USDT break above $5, it would easily catapult M crypto as the second-largest meme coin, flipping Shiba Inu and inching closer to Dogecoin. DISCOVER: 9+ Best Memecoin to Buy in 2025 What’s Driving MemeCore? Is M the Best Crypto to Buy Now? Unlike many hype-driven tokens, some of which make up the top Solana meme coins, M is built with real utility. Its foundation, the MemeCore blockchain, aims to change meme coin launches and trading. MemeCore is a mainnet to fuel Meme.20, turning memes into enduring cultural and economic assets. Key features include the MemeX DEX and a unique proof-of-meme consensus mechanism. Because of the M crypto utility alone and the rapid expansion of M USDT in September, the token flipped Pepe, and several catalysts could further drive demand. Fueling the momentum are game-changing announcements. On September 30, for example, the team integrated Alchemy Pay, unlocking fiat on-ramps for seamless M purchases. The team is also proactively buying back M tokens from the open market and burning them, fostering a deflationary model that may further pump M crypto. DISCOVER: Best Meme Coin ICOs to Invest in 2025 MemeCore The Best Crypto to Buy Now? M USDT Targets $5 Meme coins are pumping, Dogecoin is still king MemeCore could flip Shiba Inu M crypto recovers after September 29 losses Will M USDT rally to $5 and become the best crypto to buy now? The post Is MemeCore Best Crypto to Buy Now: M Erupts +37% – $5 Next? appeared first on 99Bitcoins.

Regulations are crucial in crypto. Without supportive government frameworks, navigating the landscape becomes extraordinarily challenging. In 2025, with Donald Trump in the White House, the U.S. is leading the charge as far as regulatory clarity is concerned. So far, DeFi and tokenization projects have been leading the charge via the GENIUS Act, for example. However, DePin initiatives are starting to make equally compelling strides. This is a huge win, especially since crypto’s core promise is to boost efficiency and empower end users with greater control. Victories for projects that advance these goals are essential. According to Coingecko, DePin is a burgeoning crypto subsector overseeing over $16.9Bn in assets. Herein, some of the best cryptos to buy include Bittensor, Render, and Filecoin. Yet many emerging DePin projects are explicitly built for Solana, where recent regulatory developments could profoundly influence the sector’s trajectory. (Source: Coingecko) At the center of this is DoubleZero, a DePin platform aiming to streamline blockchain consensus with a sharp focus on Solana. The team is laser-focused on enhancing Solana’s scalability by minimizing data travel between validators, potentially pushing throughput to 1M TPS. At its core, DoubleZero weaves together underutilized private fiber-optic links into a network for powering dapps. DISCOVER: 10+ Next Crypto to 100X In 2025 DoubleZero, the SEC, and the No-Action Letter DoubleZero’s ambitions are bold, but the team knows that regulatory compliance, particularly in the United States, is non-negotiable. In a rare show of restraint, the SEC issued a no-action letter to DoubleZero on September 29, effectively approving the project’s programmatic distribution of 2Z tokens. Responding to an inquiry from DoubleZero, the agency’s Division of Corporation Finance stated it would not recommend enforcement action against the project or its smart contracts facilitating 2Z token transfers; provided the facts remain unchanged and the token functions purely as a utility. However, by April 2025, the SEC had dismissed the case, and Nova Labs agreed to a modest $200,000 civil penalty, far short of the $42M originally sought. DISCOVER: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year SEC No-Action Letter Massive Win for DePin Projects Like Helium? DoubleZero aims to improve data travel time between Solana validators Plans to issue 2Z tokens via programmatic transfers SEC staff issues a no-action letter against 2Z Will this boost DePin innovation? The post Is This SEC No-Action Letter a Massive Win for DePin Projects Like Helium? appeared first on 99Bitcoins.

The crypto market is flooded with GameFi projects that promise the next Fortnite and deliver nothing more than overpriced NFTs. So it’s no wonder that investors ghosted tokens like SAND (The Sandbox) and MANA (Decentraland) after the metaverse mania cooled off. Once it occurred to them that virtual plots in pixelated universes aren’t exactly generational wealth, these cryptos plunged more than 95% to a point of no return. The GameFi movement has been mostly lukewarm ever since. But things are changing, and the coming crypto bull cycle could see another GameFi token race for the top charts. Let’s take a closer look at Tapzi ($TAPZI) – an underrated crypto gem trending among early backers now. How Tapzi Redefines Gamefi Your success largely hinges on luck more than gameplay in GameFi, whether it’s the rewards you earn or the value appreciation of the token. But if we take the long-term picture, it’s game mechanics that retain users, and gamers who drive the token price. Any project that compromises the interests of the gamer for the gamblers’ is likely to fail. And the painful dissipation of the metaverse mania made it clear that hype is far from enough to build a serious gaming community. Tapzi is a decentralized skill-based gaming platform that challenges the GameFi status quo. Here, players can stake tokens to compete in real games – like Chess, Checkers, Rock-Paper-Scissors, or Tic Tac Toe – and unlock rewards as they hone their skills. Crypto incentivization is integral to Tapzi’s gaming economy, but it doesn’t come at the cost of real engagement. Built on the BNB Chain, the project shows that the crypto gaming sector has more to offer than tokenomics and chance mechanics. Tapzi’s Skill-Based Gaming Model: Explained Tapzi has a mobile-first design where you can play on the go. On a commute or stuck in a boring meeting, you no longer have to mindlessly scroll through Instagram anymore. Tapzi gives your mind a much-needed refresh with its skill-based games. And if you’re good enough, you can claim prize pools directly from opponent stakes. Being entirely funded by players, the prize pools don’t rely on a central treasury. The entry barrier is set low, financially and technically. Anybody can join the gasless gameplay, and there is even a free mode where you can get plenty of practice before shifting to the paid version. Tapzi’s developer ecosystem is not limited to a single project. It provides SDKs and exposure to promising projects, aligned with its goal to build a hub for skill-based Web3 games. All gaming rewards and payments are paid in $TAPZI tokens. The native crypto has a fixed supply of 5B, out of which 20% is made available for early backers at low prices in the ongoing presale. 25% of the presale tokens unlock at the TGE, and the remaining 75% follows a 3-month vesting schedule to prevent supply shocks. Team tokens, on the other hand, are locked for six months, and vested over 18 months. Together, these strategies encourage long-term adoption of the game and nurture a sustainable gaming economy. Entertainment doesn’t always have to be brain-rot. It can sometimes sharpen your mind and earn money, too. Visit the Tapzi website for more details about the gaming hub and how it works. More in Store Tapzi’s roadmap focuses on phased infrastructure development over feature overload, instilling confidence in its journey ahead. For example, the demo game launch (Web Beta) is scheduled for this quarter, followed by the public release of Tapzi’s web-based multiplayer engine with sample games (Chess, Checkers, RPS, Tic Tac Toe), staking preview, and matchmaking. Alongside, the team will run user acquisition campaigns through gaming guilds, influencer partnerships, and paid traffic from high-conversion Web3 channels. Once the presale is sold out, the token will make its exchange debut on PancakeSwap, with the launch of the $TAPZI/BNB pair. In addition to these, the launch of the Tapzi Platform Beta (mainnet), the first global tournament with a live leaderboard and sponsored rewards, and the mobile gaming app debut are also slated for this quarter. The next phases will focus on expansion and scaling. Some of the most awaited features are NFT avatars, cosmetic stores, cosmetic rarity system, analytic dashboard, and multilingual support. Presale Hits 41% – The Next Crypto to Explode? The $TAPZI presale has already completed 41.6% of its goal, leaving investors with a small window to grab the token before it hits exchanges. The token is currently priced at $0.0035, while the planned launch price is $0.01. So early presale investors are sitting on 186% profit even before the price action begins. But what about early-stage dumping? Tapzi has taken care of that, too. The vesting schedule prevents sell-offs and supports the token’s sustainable value appreciation. And the smart contract has undergone extensive audits by Solidproof and Coinsult, clearing any concerns early-stage investors may have around code vulnerabilities and fraud. But the project’s long-term growth is rooted in its gameplay, boldly shifting the focus from chance to skills. The global gaming industry is predicted to cross $400B by 2028, with mobile gaming at its core, and Web3 gaming is expected to grow from $25B in 2024 to nearly $125B by 2032. These numbers highlight what early positioning in a promising GameFi project like Tapzi could capture in a few years. The $TAPZI presale supports purchases using both cryptocurrencies and fiat cards. But as always, do your own research before investing in crypto. This is not financial advice. Authored by Aaron Walker – https://www.newsbtc.com/news/tapzi-redefines-gamifi-next-altcoin-to-explode

Dogecoin has continued on an interesting path, struggling between $0.2 and $0.24 during this time. Bulls have continued to maintain their hold on the major support levels, but this hold is weakened by the sustained market sell-off that began back in September. However, with the month of October expected to be quite bullish, there could be a quick turn in the tide for the Dogecoin price, with one crypto analyst expecting the altcoin to rally from here. Analyst Predicts Dogecoin Price Will Hit $0.3 Crypto analyst TradingShot first starts out by explaining where the Dogecoin price currently is and how it is trading. Presently, the meme coin is still trading within a Channel Up, which began as far back as March 2025. Additionally, there is also the fact that Dogecoin has been trading above a new support on a higher-lows trendline. This was a trendline that began back in August, following the low that was recorded on the third day of the month. Other bullish factors that contribute to this are the fact that the Dogecoin price is also seeing a lot of support from the 1D MA100. This 1D MA100 has held up quite nicely, and as long as bulls continue to maintain it, then the analyst does see the bullish trend holding. Moving on to the present, the Dogecoin price is now entering what is arguably one of the most bullish months in history, and with this new month, the crypto analyst believes that the cryptocurrency could test the top of the higher-highs trendline of the current pattern. Looking at the pattern, the top of the higher-highs trendline ended at the 1.136 Fibonacci extension level. This Fibonacci extension level coincides with the Dogecoin price at $0.32; thus, a test of the higher-highs trendline would put the Dogecoin price above $0.3 once again. Bears Could Still Break Ground Just as the 1D MA100 is the level holding up the price, it could quickly become bearish for the Dogecoin price if the bulls fail to hold it. TradingShot explains that a candle close below this point would cause the Channel Up to trigger a test of the higher low bottom. This would lead to a 42.82% decline, placing the target as low as $0.17. Nevertheless, there seems to be a higher reward for buyers at this level since the market is expected to rebound. “As a result, the current price action, which has Doge sitting just above the 1D MA100, offers a great reward on the lowest possible risk,” TradingShot stated.

Well, folks, Uptober is finally here, and in what could be a precursor to an altcoin season, Ethereum (ETH) treasuries have flipped the script and are leading the buying frenzy. ETH has been on a tear this year. It has bounced back from a rather shaky start in Q1 to deliver a surge of nearly 80% in Q3 alone! The catalyst? A wave of institutional interest, with US spot ETH ETFs parking more than $2.3 Bn in just six days, flipping the narrative and outpacing BTC in year-to-date performance. Institutions now hold 3.5% of all .cwp-coin-chart svg path { stroke-width: 0.65 !important; } Ethereum ETH $4,302.85 3.21% Ethereum ETH Price $4,302.85 3.21% /24h Volume in 24h $34.75B Price 7d That said, just because ETH treasuries are growing faster doesn’t mean this trend will last forever. Bitcoin’s fixed supply and design make it a strong candidate for long-term reserves, especially if governments keep printing money to cover large deficits. EXPLORE: 20+ Next Crypto to Explode in 2025 Key Takeaways ETH treasury companies have edged past BTC treasuries in holding 3.5% of all ETH compared to 3.4% of BTC 71 companies are holding $22 Bn in Ether per Strategic ETH Reserve data ETH treasuries have tripled their stack since July this year, while BTC holdings have plateaued The post Ethereum Treasuries Steal Bitcoin’s Crown: How Long Before $5K ATH? appeared first on 99Bitcoins.

Metaplanet has become the fourth largest publicly traded company by Bitcoin holdings with the latest purchase of 5,268 Bitcoin for $623 million on 1 October 2025. The Japan-listed company now holds 30,823 BTC, worth approximately $3.33 billion. Metaplanet CEO Simon Gerovich took to X to celebrate and said, “Metaplanet is now the 4th largest publicly-traded Bitcoin treasury company in the world.” “Metaplanet has acquired 5268 BTC for ~$615.67 million at ~$116,870 per bitcoin and has achieved BTC Yield of 497.1% YTD 2025. As of 10/1/2025, we hold 30,823 $BTC acquired for ~$3.33 billion at ~$107,912 per bitcoin,” he added. Explore: Michael Saylor Bitcoin Calms Holders As He Touts BTC Credit Metaplanet Now Sits Behind Only Three major Players On 22 September, the company stunned the crypto world with a record purchase of 5,419 Bitcoin worth over $632 million. Metaplanet’s rapid accumulation of Bitcoin has been funded through strategic capital raising initiatives. The company raised ¥213 billion through overseas share offerings. The company now sits behind three major players: the Bitcoin behemoth -Strategy, Marathon Digital Holdings with around 50,000 BTC and Twenty One Capital with around 37,230 BTC. Read More: Eric Trump Attends Metaplanet Shareholder Meeting: Japanese Company Brings BTC Holdings To 20,000 Key Takeaways Metaplanet’s rapid ascension to the fourth-largest corporate Bitcoin holder represents a significant milestone for Bitcoin adoption in Asia. Metaplanet has undergone a complete strategic transformation. The company pivoted from its traditional hotel management business to become Japan’s first and only publicly listed Bitcoin treasury company in early 2024. The post Simon Gerovich Celebrates Metaplanet Becoming Fourth Largest Bitcoin Treasury: Company Acquires Another 5268 BTC appeared first on 99Bitcoins.

In order to form a sustained rally in October, the flagship cryptocurrency must break through the $115,000 barrier, according to analysts at QCP Capital. Right now, the leading crypto asset is only approaching this level. According to analysts, open interest in Bitcoin and major cryptocurrencies is gradually stabilizing. Current conditions in the crypto market are favorable for the start of a Bitcoin bullish trend. QCP Capital analysts also noted a recovery in prices, despite significant capital outflows from ETFs. Prices are absorbing selling pressure more smoothly than previously expected. After recovering part of their earlier losses, ETF inflows could spark renewed institutional demand ahead of a seasonally "bullish" month, the company points out. At the same time, Bitcoin volatility is showing a tendency to weaken. QCP Capital believes this trend will continue as the spot crypto market consolidates ahead of the US jobs report release. Recall that these data will be published on Friday, October 3. Earlier, specialists at 10x Research noted that both Bitcoin and Ethereum have reached price levels from which previous explosive rallies and sharp corrections used to start. "The current situation in the crypto market has become as dangerous and exciting as it hasn't been for several years," the analysts emphasize. An unexpected twist: why you shouldn't celebrate BTC reaching $114,000 According to Jacob King, CEO of SwanDesk and a financial analyst, even a small bitcoin correction could turn into a major sell-off. In such a situation, he urges caution and advises against celebrating the rise of the flagship asset to $114,000 and above. On Wednesday, October 1, Bitcoin was trading at $114,560, attempting to break higher. According to King's calculations, any drop in bitcoin's price could trigger mass liquidations: a decline to $110,000 would close about $800 million in positions, and at $105,000, liquidations could hit $2 billion. "If Bitcoin falls to a critical $95,000, total losses could reach $7–8 billion," the expert adds. This process is known as a liquidation cascade. In such situations, when some positions are automatically closed, it heightens market pressure and provokes further price declines. This, in turn, triggers a new wave of liquidations. Note that on crypto exchanges, liquidations occur automatically, meaning you can lose all your funds in minutes. Jacob King points out that the majority of crypto exchanges remain unregulated. He compares them to "poker tables where the dealer can see the players' cards." In his view, exchanges have full information on client positions and can influence price movements as they see fit. The single European currency gains confidence Under current circumstances, the dynamics of the euro warrant special attention: recently, it has strengthened and partially edged out the dollar. The recent pullback in the EUR/USD pair was driven by long profit-taking after the Fed rate cut, a drop in US stock indices, and strong American macro data. "However, after investors bought the dip in the S&P 500, and FOMC officials signaled further monetary policy easing, the euro spread its wings," experts emphasize. Jerome Powell and his colleagues are ready to support the cooling US labor market. In these conditions, they are paying little attention to accelerating inflation. Against this backdrop, the probability of a federal funds rate cut in October has jumped to an impressive 91%. Analysts and market participants also consider another possible cut in December 2025. According to Philip Lane, chief economist at the ECB, the odds of eurozone inflation returning to low levels are slim, while the probability of it rising above the 2% target is also limited. In this scenario, experts conclude that the European regulator has completed its monetary policy easing cycle. The ECB-Fed rate differential may narrow. Historically, this has led to euro appreciation against the dollar. Currently, the US stock market rally is also weighing on the greenback. At the same time, market participants are hedging currency risks by selling dollars. This has created a direct correlation between the euro and stock indices— the S&P 500 and the Nasdaq 100. As long as US stock indices continue to rise and the Fed lowers rates amid a cooling labor market, the EUR/USD pair's growth prospects will increase. The main risks are a positive surprise in US employment in September and S&P 500 consolidation amid increased volatility in October. This could be driven by a government shutdown, experts conclude. The material has been provided by InstaForex Company - www.instaforex.com

While traders buy Bitcoin and Ethereum at any sign of a dip, rumors are circulating in the market that the SEC might soon give the green light to several ETFs, including those for XRP and SOL. After the Securities and Exchange Commission approved general listing standards for crypto ETFs and a number of amended Solana fund filings were submitted, many speculate that a wave of new crypto ETFs is about to reach its peak. According to rumors, Solana ETF approval could come as soon as next week. This optimism is driven not only by regulatory shifts, but also by the successful launch of Bitcoin and Ethereum ETFs, which have demonstrated the maturity of the crypto market and its ability to attract institutional investors. As one of the most promising and fast-developing blockchains, Solana is naturally a candidate to become the next asset with simplified access through an ETF. Its high throughput, low fees, and rapidly expanding dApp ecosystem make it attractive to a broad range of investors. However, the current US government shutdown could ruin everything. A halt in governmental operations would put everything on pause. It is not yet clear whether issuers expect approved spot SOL ETFs to include staking, although the latest S-1 amendment package did address staking. Let's recall that the first spot Solana ETF applications were filed in the summer of 2024, with the SEC starting to actively work with S-1 forms in June. Solana may become the third crypto asset to receive spot ETF status, after bitcoin and ether. Solana's market cap of $113 billion makes it one of the largest tokens, although it is still much smaller than Bitcoin and ether, which have market caps of $2.2 trillion and $503 billion, respectively. Other tokens, such as Ripple and Litecoin, may also receive quick approval. This assumption is based on several factors. First, XRP and LTC have a long history and more established market capitalization compared to some other altcoins. Second, their technological foundations are well researched, and their networks have proven reliable over many years. Third, they are generally not classified as securities in most jurisdictions, which is a key point for regulators. If Ripple and Litecoin successfully navigate these regulatory hurdles, this could lead to significant capital inflows and increased awareness about cryptocurrencies overall. A number of experts expect that following this, XRP could rise to $33 in the next bull cycle. Trading recommendations Regarding the technical outlook for Bitcoin, buyers are now targeting a return to the $114,700 level, which opens the way directly to $116,000, and from there it's a short step to $117,400. The ultimate target is the peak around $118,400. Breaking through this would signal further strengthening of the bull market. In case of a decline, buyers are expected at $113,800. If the asset moves back below this area, BTC could quickly fall to the $111,200 region. The farthest downside target is $109,900. As for Ethereum, a clear consolidation above the $4,235 level opens the path directly to $4,331. The ultimate target is the peak near $4,441; breaking through would indicate a strengthening bull market and increased buyer interest. If the price declines, buyers are expected at $4,132. A drop below this area could quickly send ETH towards $4,039, with the farthest downside target at $3,942. What's on the chart Red lines represent support and resistance levels, where price is expected to either pause or react sharply. The green line shows the 50-day moving average. The blue line is the 100-day moving average. The lime line is the 200-day moving average. Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market. The material has been provided by InstaForex Company - www.instaforex.com

The US government has shut down, and your little Uptober is now OctoBEAR. But none of that is stopping SEI Crypto. Originally built on Cosmos, Sei is among the top American-based L1s designed for trading velocity and gaming scale. The question now is, can this token 5x over the next six months? (Source: Messari) The v2 release this year brought Ethereum-like execution to SEI Crypto, expanding its reach. Even after dropping from $0.37 to $0.276 in September, Sei remains in the top 70 by market cap, valued around $1.7B (CoinGecko). So can it still 5x from here and make a big comeback in Uptober? DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Uptober Surprise: Can SEI Realistically 5× by Early 2026? Market Cap 24h 7d 30d 1y All Time SEI’s fundamentals are holding up even as SEI price slips. DEX volume topped $10Bn in September, driven by EVM compatibility and gaming demand, according to DefiLlama. TVL, which peaked at $550M in May, now sits near $471M, led by projects like World of Dypians and Hot Spring, which is a tycoon-style mobile game. (Source: Cozy Games) Earlier today SEI crypto was among the top gainers. Network growth remains strong with over 600K daily active wallets in Q2 and 330K+ new addresses per day, bringing total wallets close to 27M. Top Gainers in 24h DISCOVER: 20+ Next Crypto to Explode in 2025 Technical Picture For SEI Crypto: Is The $0.30 Resistance Enough to Stop ATHs? SEI crypto is consolidating after bouncing off the lower end of its channel, analyst Ali noted on X. Support now sits at $0.27- $ 0.28, with $0.30 as the first hurdle. If momentum builds, upside targets stretch to $0.34–0.37. TradingView shows a flat 200-day average and resistance in the mid-$0.30s; without a breakout, drift lower remains the risk. (Source: X) More than anything, SEI’s outlook is tied to macroeconomic and political factors. The Fed cut rates 25 bps in September to 4.0–4.25%, with more easing expected into 2026. It’s a clear tailwind for risk assets. Meanwhile, 21Shares has filed for a spot SEI ETF, with a 2026 decision pending. So, is all of this enough for SEI to hit $1 or $2? DISCOVER: Top 20 Crypto to Buy in 2025 Can SEI Realistically 5× by Early 2026? For SEI to deliver a 5× move (to ~$1.50–$2.00) within six months, several stars would need to align: Multiple Fed cuts are driving liquidity into risk assets Bitcoin ripping toward $150K+ on ETF inflows A fast-tracked SEI ETF approval Viral gaming adoption is pushing transactions above 2M/day and TVL above $1B Chances of a breakout are moderate, but they are higher than most cryptocurrencies in the top 100 by marketcap. 99Bitcoins analysts expect SEI to hold in a $0.25–$0.50 range through October, with a $0.80–$1.00 range only reachable if adoption accelerates. The setup is high-risk by design, but your eyes should stay on SEI as a coin that hasn’t broken out in a bit. EXPLORE: Singapore Denies Do Kwon’s $14M Refund Demand For ‘Stolen’ Penthouse Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The US government has shut down. Your little Uptober is now OctoBEAR. But none of that is stopping SEI Crypto.. Chances of a breakout are moderate, but they are higher than most cryptocurrencies in the top 100 by marketcap. The post Can SEI Crypto Deliver a 5× Return in Six Months or Is the Hype Overstated? appeared first on 99Bitcoins.

Overview: The US federal government is under partial closure following the inability to approve appropriations to start the new fiscal year. The president has threatened to permanently fire not just furlough many "non-essential" government workers, but note that as of yesterday, some 150k federal workers have accepted the government's buyout. The longest shutdown in this macabre and repeated political drama has been 35 days in President Trump's first term. We fear this one may also be protracted. The dollar is narrowly mixed, steadying in late European morning turnover after initially being sold. The dollar is also mostly firmer against emerging market currencies. The rising yen, the strongest of the G10 currencies in recent days, has weighed on Japanese equities, but other markets in the Asia Pacific region are higher, though China and Hong Kong markets are closed for the national holiday. Australia is the chief exception today. Europe's Stoxx 600 is higher for the fourth consecutive session, matching the longest advance since May. US index futures are off around 0.50%-0.60%, though government shutdowns have not typically been negative for US equities. European benchmark 10-year yields are mostly 1-2 bp higher. The 10-year US Treasury yield is nearly flat, slightly below 4.15%. Gold has soared to a new record, a little above $3895. It finished last week near $3760. November WTI is extended its pullback. It is below $62. Last month's low was near $61. Before last weekend, it briefly traded above $66. USD: With a three-day pullback in tow, the Dollar Index met the (38.2%) retracement of the rally since the FOMC meeting at 97.70. The (50%) retracement is near 97.40 and this has been approached today. The next retracement (61.8%) is slightly below 97.15. The 97.70-80 area may provide the nearby cap. With large parts of the federal government closed, one may appreciate the importance of private sector data. The Mortgage Bankers Association provides the weekly mortgage applications, the final September manufacturing PMI, and manufacturing ISM, and auto sales are all from non-government sources. Arguably, the most important report today is the ADP private sector jobs estimate. It has done a better job than economists in anticipating the BLS estimate. In the first eight months of the year, ADP estimates that the US private sector added an average of 80.4k jobs a month. With the revisions, the BLS puts the average closer to 74k. In 2024, the BLS estimated the US private sector created an average of 130k jobs a month. ADP's estimate was a little more than 144k. Auto sales will trickle in today. The median forecast in Bloomberg's survey calls for a 16.2 mln annualized pace. Through August, the average has been 16.26 mln, up from 15.52 mln in the first eight months of 2024. EURO: The euro rose to a new five-day high today near $1.1780. The (50%) retracement of the losses since the four-year high was set (~$1.1920) after the FOMC statement on September 17 is a few ticks above today's high and the (61.8%) retracement is near $1.1815. Initial support is seen in the $1.1730-50 area. Following the September CPI reports of the largest four eurozone members, the 0.1% rise in the eurozone aggregate CPI for a 2.2% year-over-year rise was taken in stride. The core rate was steady at 2.3%. Also, the final manufacturing PMI was 49.8, up from the preliminary estimate of 49.5, but confirming the first decline of the year, after August saw the first move above the 50 boom/bust level since before Russia's invasion of Ukraine. CNY: Mainland markets are closed for the extended national holiday. They re-open next Thursday, October 9. The main US narrative has been that China needs the US markets and source of protein. Yet, Chinese actions have shown otherwise. Despite a fall in exports to the US, China trade surplus has grown. China has found substitutes to US soy (Brazil and Argentina) and beef (Australia). Due to the risk of security compromise, it has discouraged the use of Nvidia's AI chip (H20). The US, and other high-income countries remain reliant of processed rare earths and magnets from China. Beijing must feel it has the upper hand, otherwise it might not have asked, according to reports, for the US to decline that it "opposes" Taiwan independence, which is stronger rhetoric that the Biden administration's iteration of US does not support Taiwan seeking formal independence. During the long holiday, we expect the dollar to mostly remain confined to the recent range against the offshore yuan, call it roughly CNH7.11-CNH7.15. Today's range has been roughly CNH7.1230-CNH7.1400. JPY: The dollar has been sold for the fourth consecutive session against the yen, and it has overshot the (61.8%) retracement its gains since the FOMC meeting on September 17, which was found near JPY147.20. Today's low has been about JPY146.90, the lowest since September 18. The Bank of Japan's Tankan survey was released earlier today, and it was little changed from the Q2 survey. The main surprise was the large industry capex estimate for the fiscal year was lifted to 12.5% from 11.5%. The September manufacturing PMI was tweaked up to 48.5 from the initial estimate of 48.4 (49.7 in August), but still the lowest since March 2024. The 1.2-index point decline was the largest since November 2022. At the end of August, the swaps market was discounting a little more than a 50% chance of a hike at this month's meeting. Today, the first session of Q4, the odds of a hike this month are slightly below 63%. GBP: Sterling is firmer for the fourth consecutive session. With today's gains to $1.3480, it met the (38.2%) retracement of its losses since the FOMC meeting. Above there, the 20-day moving average in found near $.3500 and the (50%) retracement is about $1.3525. UK's Nationwide house price index unexpectedly ticked up in September to 2.2% from 2.1%. It has been expected to slip below 2% for the first time since last June. Separately, September's manufacturing PMI was confirmed at 46.2, the weakest since March. It has not been above the 50 boom/bust level since last September. Some observers talk about stagflation in the US, but it has not stopped the Fed from easing. Yet, UK growth is weaker than the US and inflation higher, and the Bank of England has signaled it is not in a hurry to cut rates again. The swaps market does not have another cut fully discounted until the middle of Q2 26. CAD: The US dollar slipped for a third consecutive session against the Canadian dollar yesterday. It briefly traded below CAD1.3900. It is holding above it today but has not been above CAD1.3935. The (38.2%) retracement of the gains since the FOMC and Bank of Canada cut rates on September 17 is near CAD1.3870. A regularity is that in a soft US dollar environment the Canadian dollar is typically a laggard. In September, its roughly 1.2% decline was only bested by the New Zealand dollar that fell near 1.5%. Through the first three quarters, all the G10 currencies have appreciated against the greenback, but the Canadian's dollar's gain of 3.4% is the least. Today sees the September manufacturing PMI, which is not typically a market-mover. It rose for the previous two months, and at 48.3, it is the highest since January, the last time it was above 50. AUD: A hawkish hold by the Reserve Bank of Australia coupled with the broadly weaker US dollar saw the Australian dollar rise to almost $0.6630 yesterday. So far, today's high has been $0.6620. The (61.8%) retracement since the Fed's rate cut is a little higher, near $0.6635. Above there, the next technical hurdle may be around $0.6665. The high for the year on September 17 was slightly above $0.6705. Australia's September manufacturing PMI was slipped to 51.4 from 51.6, the initial estimate (down from 53.0 in August). It is one of the few G10 countries with a manufacturing PMI above 50. Australia reports the August goods trade and household spending first thing tomorrow. Australia's goods trade surplus averaged A$4.67 bln a month this year, which is almost a quarter smaller than in the first seven months of 2024. Meanwhile, household spending is expected to rise 0.3% in August, slightly below the average so far this year. MXN: The dollar traded quietly against the peso yesterday, staying with the range seen Monday (~MXN18.2955-MXN18.4000). It has broken down to almost MXN18.2655. There is little to deter a test on the year's low set on September 17 near MXN18.20. Today's Mexican data includes the manufacturing PMI. It rose above 50 in August (50.2) for the first time since June 2024. Mexico's IMEF surveys are also like the PMI, but the manufacturing and non-manufacturing readings were below 50 in August. The most important source of hard currency for Mexico is worker remittances. They have been trending lower this year. Through August, workers (mostly in the US) have sent a little more than $35.1 bln back home compared with $37.1 bln in the first eight months of 2024. The trade surplus in Jan-July this year was about $1.41 bln. Disclaimer

In a major Ripple update, CEO David Schwartz has stepped down from his duties at the company, but will be staying on as an advisor after spending more than a decade at the company. He announced his decision on 30 September 2025 via a post on X, stating that he wants to spend more time with his family and get back to old hobbies. “But be warned, I’m not going away from the XRP community. You haven’t seen the last of me (now, or ever),” he wrote. Schwartz helped code the .cwp-coin-chart svg path { stroke-width: 0.65 !important; } XRP XRP $2.94 3.13% XRP XRP Price $2.94 3.13% /24h Volume in 24h $5.75B Price 7d This move could significantly boost XRP’s appeal as a key tool for international payments. By making ILP compatible with SWIFT, Ripple is aiming to bring XRP into mainstream finance without replacing existing systems. Ripple developed the ILP, fully understanding that the world is unlikely to move to a single payment system, instead focusing on making its technology flexible and widely usable. ISO 20022, a global messaging standard, also supports this strategy and enables secure and smooth transactions. In short, connecting legacy systems to the ILP will fast-track XRP’s mainstreaming through its increased mobility in the system. EXPLORE: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Key Takeaways Ripple’s CTO David Schwartz has stepped away from his role after more than a decade in the company Ripple has gained access to the SWIFT network via its ILP protocol Schwartz will be staying on as an advisor at Ripple, working more closely with developers The post Ripple Update: CTO Steps Down As XRP Gains SWIFT Access And Outpaces LINK appeared first on 99Bitcoins.

At the end of the previous day, American stock indices closed higher. The S&P 500 rose by 0.41%, while the Nasdaq 100 added 0.30%. The industrial Dow Jones climbed by 0.18%. Today, futures for American stock indices fell, as the deadline to prevent a government shutdown expired. This disrupted the operations of one of the country's largest employers and threatened to delay the publication of key economic data. This has created an atmosphere of uncertainty in financial markets, where investors are already worried about interest rate prospects and a slowdown in economic growth. A delay in the release of economic reports, such as the employment report, could make it more difficult for the Federal Reserve System to assess the state of the economy and to make decisions about monetary policy. As a result, this could increase market volatility and complicate company planning concerning investments and hiring. In addition to the economic consequences, the government shutdown is also affecting the daily lives of millions of Americans. National parks are being closed, the issuance of passports has been suspended, and there are delays in the provision of social services. All these factors can create significant inconveniences and lead to public dissatisfaction. Contracts for the S&P 500 and Nasdaq 100 indices fell by 0.5% after the failure of a temporary funding bill that was meant to prevent economic paralysis. The dollar declined, while gold reached a record high, surpassing $3,875 per ounce. Asian stock indices fell by 0.2%. Treasury bonds remained mostly unchanged, with the yield on 10-year bonds at 4.15%. Futures indicated a somewhat weak start of trading for European stocks. The United States government began shutting down after a dispute between Democratic lawmakers and President Donald Trump regarding healthcare spending. The President raised the stakes in the conflict, stating that his administration could permanently lay off many federal employees in the event of a shutdown. FBB Capital Partners noted that serious problems could arise if the shutdown led to an information vacuum regarding employment and inflation data before the next Fed rate decision. They also pointed out that, since stocks and their prices were close to previous highs, negative news could trigger a major correction in the near future. According to estimates by the Congressional Budget Office, about 750,000 employees will be sent on unpaid leave, which would result in $400 million in losses per day. This, in turn, could affect spending and negatively impact the economy. Regarding the technical picture for the S&P 500, the main goal for buyers today is to overcome the nearest resistance at $6,660. Achieving this will help demonstrate growth and open the possibility for a move to the new level of $6,672. Keeping control at $6,682 is also an important task for bulls, which would strengthen the buyers' positions. In case the price moves down amid reduced risk appetite, buyers must step in around $6,648. A break below this level would quickly push the trading instrument back to $6,638 and open the way to $6,630. The material has been provided by InstaForex Company - www.instaforex.com

Today, the EUR/JPY pair attracts new sellers after rising in the Asian session to nearly the round level of 174.00, and is now breaking through 173.00, extending the decline from the psychological 175.00 level — the highest since July 2024, which was retested last week. The Japanese yen maintains its momentum under the influence of aggressive expectations regarding Bank of Japan monetary policy, which remains a key driver for EUR/JPY. At Tuesday's September BoJ conference, board members discussed the likelihood of a rate hike at upcoming meetings, confirming expectations for a 25-basis-point increase in October. In addition, the yen gained support amid heightened geopolitical tensions and the U.S. government shutdown, reinforcing its safe-haven status. At the same time, the euro is receiving some support from U.S. dollar weakness, which acts as a favorable factor for the EUR/JPY pair. Traders remain cautious, avoiding active positioning ahead of eurozone CPI data. These key economic indicators could clarify the European Central Bank's (ECB) next steps, which play an important role in guiding the euro and influencing EUR/JPY dynamics. However, the Bank of Japan's hawkish stance stands in sharp contrast to the approaches of other major central banks, including the ECB, which continues to drive investment into lower-yielding assets and supports the EUR/JPY decline. From a technical perspective, the Relative Strength Index has moved into negative territory, confirming the bearish outlook. Prices have also fallen below the 173.00 round level, finding support at the 50-day SMA. Therefore, any rebound is likely to be viewed as an opportunity for new selling. The material has been provided by InstaForex Company - www.instaforex.com

Spot silver soared above $46.00, recently touching the $45 an ounce level in late September. The powerful and enduring rally in precious metals this year has lifted silver as much as 55% in 2025, outpacing the 43% gain in gold. The push to fresh highs in silver comes alongside news that the U.S. economy grew at a faster pace in the second quarter. The third estimate of Q2 U.S. GDP came in at 3.8%, which is higher than the previous estimate of 3.3%. Upward revisions to consumer spending contributed to the better number. This followed a negative reading in the first quarter of the year, which revealed that economic growth shrank by 0.6%. Other economic news also surprised on the upside, including a 2.9% jump in August durable goods orders. Following two months of declines, big orders for military and civilian aircraft lifted the report. Military aircraft and parts saw a 50% surge in orders in August, the Commerce Department said. Americans Still Struggle To Buy A Home On the home front, however, fresh data reveals that Americans who want to buy a home are still struggling. In August, home sales slipped in August by 0.2%, due in large part to high home prices and elevated mortgage rates. The median home price jumped to $422,600, which is a 2% increase from a year ago and the highest price ever recorded for the month of August. Mortgage rates fell slightly recently, but 30-year mortgage rates are still considered high, at around 6.26%. Precious Metals Stand Out As Best Performing Asset Class in 2025 Precious metals remain the favored asset for investors as economic news remains mixed. While some new data reveal growth, inflation remains higher than the Federal Reserve’s 2% target, and everyday Americans remain challenged by high interest rates. The precious metals markets stand out as the best performing asset class in 2025. Gold has set dozens of new record highs this year. A 10% decline in the U.S. dollar, active central bank gold buying, and ongoing geopolitical tensions and wars are supporting the upward trend in gold. Gold is on pace for its best performance in 46 years. It’s notable that gold is performing so well, even while stocks have climbed moderately this year—but the stock market is rising in part due to monetary debasement—the U.S. dollar is down 10% this year, the Fed cut rates recently, and the U.S. money supply is rising again. Silver is climbing with support from its dual demand stream. Silver is both a precious and widely used industrial metal. Investors have piled into silver amid a risk-off mood in the stock market and a desire to diversify into a metal that both protects against stock market volatility and also benefits from increased industrial and manufacturing uses. Investors On the Sidelines May Be Missing Out Analysts say the rally in precious metals has further to go. Near term, silver sees a target at $50 an ounce, and gold’s next objective is $4,000. As investors on the sidelines have experienced this year, it’s costly to underestimate the historic and powerful precious metals rally we are seeing now. Don’t wait to get involved. Consider increasing your allocation to the safety and growth that precious metals provide. There’s more upside ahead. The post Silver Near $45 for First Time in 14 Years Amid Strong Economic Data appeared first on Blanchard and Company.

Spot silver soared above $46.00, recently touching the $45 an ounce level in late September. The powerful and enduring rally in precious metals this year has lifted silver as much as 55% in 2025, outpacing the 43% gain in gold. The push to fresh highs in silver comes alongside news that the U.S. economy grew at a faster pace in the second quarter. The third estimate of Q2 U.S. GDP came in at 3.8%, which is higher than the previous estimate of 3.3%. Upward revisions to consumer spending contributed to the better number. This followed a negative reading in the first quarter of the year, which revealed that economic growth shrank by 0.6%. Other economic news also surprised on the upside, including a 2.9% jump in August durable goods orders. Following two months of declines, big orders for military and civilian aircraft lifted the report. Military aircraft and parts saw a 50% surge in orders in August, the Commerce Department said. Americans Still Struggle To Buy A Home On the home front, however, fresh data reveals that Americans who want to buy a home are still struggling. In August, home sales slipped in August by 0.2%, due in large part to high home prices and elevated mortgage rates. The median home price jumped to $422,600, which is a 2% increase from a year ago and the highest price ever recorded for the month of August. Mortgage rates fell slightly recently, but 30-year mortgage rates are still considered high, at around 6.26%. Precious Metals Stand Out As Best Performing Asset Class in 2025 Precious metals remain the favored asset for investors as economic news remains mixed. While some new data reveal growth, inflation remains higher than the Federal Reserve’s 2% target, and everyday Americans remain challenged by high interest rates. The precious metals markets stand out as the best performing asset class in 2025. Gold has set dozens of new record highs this year. A 10% decline in the U.S. dollar, active central bank gold buying, and ongoing geopolitical tensions and wars are supporting the upward trend in gold. Gold is on pace for its best performance in 46 years. It’s notable that gold is performing so well, even while stocks have climbed moderately this year—but the stock market is rising in part due to monetary debasement—the U.S. dollar is down 10% this year, the Fed cut rates recently, and the U.S. money supply is rising again. Silver is climbing with support from its dual demand stream. Silver is both a precious and widely used industrial metal. Investors have piled into silver amid a risk-off mood in the stock market and a desire to diversify into a metal that both protects against stock market volatility and also benefits from increased industrial and manufacturing uses. Investors On the Sidelines May Be Missing Out Analysts say the rally in precious metals has further to go. Near term, silver sees a target at $50 an ounce, and gold’s next objective is $4,000. As investors on the sidelines have experienced this year, it’s costly to underestimate the historic and powerful precious metals rally we are seeing now. Don’t wait to get involved. Consider increasing your allocation to the safety and growth that precious metals provide. There’s more upside ahead. The post Silver Near $45 for First Time in 14 Years Amid Strong Economic Data appeared first on Blanchard and Company.

On Tuesday, the EUR/USD pair continued a modest upward move toward the resistance zone at 1.1789–1.1819. A rebound from this zone would work in favor of the U.S. dollar and a decline toward the 76.4% Fibonacci level at 1.1695. Consolidation above 1.1789–1.1819 would increase the likelihood of further growth toward the next corrective level, the 127.2% Fibonacci at 1.1896. The wave situation on the hourly chart remains simple and clear. The last completed downward wave broke the low of the previous wave, while the new upward wave has not yet broken the previous peak. Thus, the trend is still "bearish" for now. Recent labor market data and the shifting Fed monetary policy outlook support bullish traders, so the trend may begin to change again this week. To complete the "bearish" trend, the price needs to consolidate above the last peak at 1.1819. Tuesday was full of events, but traders largely ignored them, focusing entirely on the U.S. shutdown, which officially began today. Still, one report deserved attention — German inflation. The Consumer Price Index rose to 2.4% y/y, 0.1% higher than expected. Later today, the eurozone inflation report will be released, which may show acceleration compared to August and could also exceed forecasts. If that happens, bulls may launch a new offensive, as the ECB will shift its focus from easing to tightening monetary policy. Of course, higher inflation than 2.3–2.4% is needed for rate hikes, but everything starts small. In the UK, inflation a year ago was 1.7%, and now it stands at 3.8%. Attention should also be paid today to U.S. ISM and ADP reports. On the 4-hour chart, the pair reversed in favor of the euro around the 1.1680 level. Thus, the upward move may continue toward the 161.8% corrective level at 1.1854. Consolidation below 1.1680 would work in favor of the U.S. dollar and open the way for a decline toward the 127.2% Fibonacci level at 1.1495. No emerging divergences are observed today. Commitments of Traders (COT) Report: During the last reporting week, professional players closed 789 long positions and opened 2,625 short positions. The sentiment of the "Non-commercial" group remains "bullish" thanks to Donald Trump and is strengthening over time. The total number of long positions held by speculators is now 252,000, compared to 138,000 short positions. The gap is effectively twofold. In addition, note the number of green cells in the table above, which indicate strong increases in euro positions. In most cases, interest in the euro continues to grow, while interest in the dollar declines. For thirty-three consecutive weeks, large players have been reducing short positions and adding longs. Donald Trump's policies remain the most influential factor for traders, as they may cause numerous long-term and structural problems for America. Despite several important trade agreements, many key economic indicators show declines. News calendar for the U.S. and the Eurozone: Eurozone – Consumer Price Index (09:00 UTC).U.S. – ADP Employment Change (12:15 UTC).U.S. – ISM Manufacturing PMI (14:00 UTC).The October 1 economic calendar contains three entries, each quite important. The influence of the news background on market sentiment will be present on Wednesday. EUR/USD Forecast and Trader Tips: Sales were possible after a close below the support level at 1.1789–1.1802 on the hourly chart, with targets at 1.1695 and 1.1637–1.1645. All targets have been reached. New sales will be possible on a rebound from the 1.1789–1.1802 level with a target at 1.1695. Buying was possible on a rebound from the 1.1637–1.1645 zone with targets at 1.1695 and 1.1789–1.1802. Today, these trades can be kept open with stop-loss moved to breakeven. Fibonacci grids are built from 1.1789–1.1392 on the hourly chart and from 1.1214–1.0179 on the 4-hour chart. The material has been provided by InstaForex Company - www.instaforex.com

In the early hours today, CZ Binance leveled sharp criticism at media giants like Reuters, accusing them of recycling identical FUD(Fear, Uncertainty, and Doubt) narratives to damage his reputation. That move set the tone for a volatile session as XPL and Aster crypto both collapsed under pressure, with .cwp-coin-chart svg path { stroke-width: 0.65 !important; } Plasma XPL $1.08 2.01% Plasma XPL Price $1.08 2.01% /24h Volume in 24h $2.13B Price 7d Buy with Best Wallet climbed 4%, and the collective crypto market breathed in fresh bullish energy. The first day of Uptober’s aura seems to be working its magic. One key reason why crypto is up today is the surge in ETF and institutional capital. Per Coinglass, spot BTC ETFs alone recorded daily net inflows in the hundreds of millions. (source – Inflows, Coinglass) DefiLlama’s ETF dashboard similarly shows positive flows into crypto-related funds. That fresh capital provides base support and fuels upside. On the derivatives side, perpetual futures volumes and open interest are flashing signs of leverage betting. Funding rates are turning positive, which also suggests buyers are willing to pay for longs, another reason why crypto is up today. In DeFi, total value locked (TVL) remains stable, while DEX volumes and stablecoin supply growth confirm active participation and liquidity backing the move. (source – TVL, Defillama) Macro tailwinds help explain why crypto is up today, too. Gold, hitting record highs, has drawn attention toward risk assets. Betting on rate cuts in the coming months adds optimism. Regulatory clarity in Europe (MiCA) and moves to integrate crypto with fintech rails also tilt sentiment positive — more institutional buyers now feel safer entering the crypto market. So why is crypto up today? Because seasonal tailwinds, institutional flows, on-chain metrics, and memecoin hype all intersect right now. Market Cap 24h 7d 30d 1y All Time DISCOVER: 9+ Best Memecoin to Buy in 2025 Read the full story here. 3 hours ago Is It All Over For Aster Crypto? ASTER Price Tumbles -30% as Whales Bid New Crypto to Buy By Akiyama Felix When Aster crypto launched, it carried a reputation unlike most projects. Backed and promoted by Binance founder Changpeng Zhao (CZ), the token’s association alone fueled speculation that it could become a top-tier perpetual DEX competitor. Early September 2025 was a frenzy: ASTER pumped nearly 20x from launch, hitting an all-time high above $2.4, with volumes surging into the billions. Traders were chasing wild upside targets, and the crypto market was exploding with FOMO, with some even calling ASTER the “Binance-backed rocket.” (Source – defillama) Read the full story here. The post Latest Crypto Market News Today, October 1: CZ Binance Bash Reuters and Forbes, BNB Chain Hacked, Aster Crypto and Plasma XPL Freefalling appeared first on 99Bitcoins.

On the hourly chart, the GBP/USD pair on Tuesday continued a very sluggish upward move after consolidating above the 76.4% Fibonacci level at 1.3425. Thus, the pound's growth may continue today towards the next corrective levels at 1.3482 and 1.3528. Consolidation below 1.3425 or a rebound from 1.3482 would work in favor of the U.S. dollar and a pullback toward the nearest levels. The wave structure remains "bearish." The last completed downward wave broke the previous low, while the new upward wave has not yet broken the last high. The news background for the pound over the past two weeks has been negative, but I believe traders have already fully priced it in. This week, however, the negative background may shift to the dollar. To cancel the "bearish" trend, the pair needs to rise another 300 points, but I think we will see signs of a trend reversal to "bullish" much earlier. On Tuesday, the UK released its inflation report, which did not encourage bullish traders to launch a new attack. The British economy grew by 0.3% q/q and 1.4% y/y. The annual figure came in above expectations, so the pound could have strengthened slightly. Meanwhile, the U.S. shutdown began today, widely discussed in recent days. Republicans failed to reach an agreement with Democrats on extending funding for at least another two months, which resulted in many government services halting operations and employees being sent on unpaid leave. For the dollar, this is yet another reason to keep falling, but over the next three days traders will closely monitor U.S. economic data. It remains unclear whether these will even be published, since statistical agencies are also affected by the shutdown. However, the absence of data is also bad news for the dollar, as traders will expect the worst, which may lead to new selling of the U.S. currency. On the 4-hour chart, the pair rebounded from the 1.3339 level and turned in favor of the British pound. Consolidation above the 100.0% Fibonacci level at 1.3435 – increases the likelihood of further growth toward the 127.2% corrective level at 1.3795. No emerging divergences are observed today on any indicator. A new decline in the pound can be expected only after consolidation below 1.3339. Commitments of Traders (COT) Report: The sentiment of the "Non-commercial" trader category became more "bullish" in the last reporting week. The number of long positions held by speculators increased by 3,704, while the number of short positions decreased by 912. The gap between long and short positions now stands at approximately 85,000 versus 86,000. Bullish traders are once again tipping the balance in their favor. In my view, the pound still retains downward prospects, but with each passing month the U.S. dollar looks weaker and weaker. Previously, traders worried about Donald Trump's protectionist policies without fully understanding the results they might bring. Now they may be concerned about the consequences of that policy: a possible recession, the constant introduction of new tariffs, Trump's battles with the Fed, which could leave the regulator "politically controlled" by the White House. Thus, the pound now appears far less risky than the U.S. currency. News calendar for the U.S. and the UK: U.S. – ADP Employment Change (12:15 UTC).U.S. – ISM Manufacturing PMI (14:00 UTC).The October 1 economic calendar contains two entries, each fairly important. The impact of the news background on market sentiment will be present on Wednesday, particularly in the second half of the day. GBP/USD Forecast and Trading Advice: Selling the pair is possible today if the hourly close occurs below 1.3425, targeting 1.3332–1.3357, or in case of a rebound from 1.3482. Buying could be considered from the 1.3332–1.3357 zone with targets at 1.3425, 1.3482, and 1.3528. These trades may be kept open today with a stop-loss moved to breakeven. Fibonacci grids are built from 1.3332–1.3725 on the hourly chart and from 1.3431–1.2104 on the 4-hour chart. The material has been provided by InstaForex Company - www.instaforex.com