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Senator Elizabeth Warren is turning up the heat on the Department of Justice. She wants real answers about how the agency is handling Binance after the company’s massive 2023 settlement. Warren says the DOJ is dodging her questions and that the public deserves more clarity about what’s actually happening behind the scenes. Questions That Still Haven’t Been Answered Back in May, Warren and two other senators sent a letter asking the DOJ if Binance was sticking to its side of the deal. They also wanted to know whether the department had discussed a pardon for Binance’s co-founder Changpeng Zhao. The DOJ responded, but Warren says the answers were vague and didn’t actually confirm whether Binance is following the rules. She’s now pressing for a more direct response. The Settlement Everyone Is Talking About Binance agreed to pay billions in penalties last year and also accepted a compliance monitor to oversee how it handles things like anti-money laundering. That monitor was supposed to be in place for several years. Warren is worried that the DOJ might be considering removing or scaling back that monitor, and she’s not happy about the idea. In her view, the monitor plays a critical role in holding Binance accountable, and if that role is cut short, she wants to know why. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Concerns About Political Ties Warren is also raising concerns about connections between Binance and companies linked to the Trump family. One name she mentioned specifically is World Liberty Financial. She wants to know if any of these connections played a part in how Binance’s case was handled. She’s asking whether former Trump officials or allies had any contact with DOJ staff about the Binance case or Zhao’s legal situation. bnbPriceMarket CapBNB$146.45B24h7d1y The DOJ’s Response So Far The Department of Justice did send a reply, but according to Warren, it did not go far enough. She says the DOJ failed to give a clear update on whether Binance is meeting the terms of its settlement. It also didn’t provide any solid answers about the potential pardon or political contact. Warren and her fellow senators called the response disappointing and are now asking for a proper follow-up by October 1. DISCOVER: 20+ Next Crypto to Explode in 2025 Why This Matters This situation is about more than just Binance. Warren believes that the way the DOJ handles this case could set a tone for how crypto companies are treated when they break the rules. If a firm as large as Binance gets away with light oversight or backroom deals, it could damage trust in how the system works. Warren says the public needs to know whether justice is being applied fairly, especially when billions of dollars and regulatory credibility are on the line. What Happens Next The ball is now in the DOJ’s court. If they respond with more clarity, it might ease concerns. If they stay silent or vague, the pressure will likely grow. Other lawmakers may join Warren in pushing for answers, and depending on what surfaces, this could turn into a much larger debate about crypto regulation, political influence, and accountability in Washington. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Senator Elizabeth Warren is demanding clear answers from the DOJ about Binance’s $4.3 billion settlement and ongoing compliance. Warren says the DOJ has avoided confirming whether Binance is sticking to the terms of the deal or if a pardon for CZ was ever discussed. She’s also raising concerns about political ties between Binance and companies linked to the Trump family, including World Liberty Financial. The DOJ has responded to previous letters, but Warren and two other senators say the answers were vague and failed to address core questions. Warren argues the outcome of this case could affect how crypto enforcement is handled going forward, and how much influence politics has in regulation. The post Warren Wants Answers From DOJ on Binance Deal appeared first on 99Bitcoins.

Bitcoin price is moving higher above $116,650. BTC is now facing hurdles and might extend gains if it clears the $118,000 resistance zone. Bitcoin started a fresh increase above the $116,500 zone. The price is trading below $116,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $115,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $117,850 zone. Bitcoin Price Eyes More Gains Bitcoin price started a fresh upward wave above the $116,000 zone. BTC managed to climb above the $116,200 and $116,500 resistance levels. The bulls were able to push the price above $117,500. The price traded as high as $117,920 and recently started a downside correction. There was a move below the $117,200 level. The price dipped and tested the 50% Fib retracement level of the upward move from the $115,247 swing low to the $117,920 high. However, the bulls were active near $116,750. Bitcoin is now trading above $116,500 and the 100 hourly Simple moving average. Besides, there is a key bullish trend line forming with support at $115,800 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $117,500 level. The first key resistance is near the $117,850 level. The next resistance could be $118,000. A close above the $118,000 resistance might send the price further higher. In the stated case, the price could rise and test the $118,500 resistance level. Any more gains might send the price toward the $118,800 level. The next barrier for the bulls could be $119,250. Another Drop In BTC? If Bitcoin fails to rise above the $117,850 resistance zone, it could start a fresh decline. Immediate support is near the $116,550 level. The first major support is near the $115,800 level or the trend line and the 76.4% Fib retracement level of the upward move from the $115,247 swing low to the $117,920 high. The next support is now near the $115,250 zone. Any more losses might send the price toward the $114,500 support in the near term. The main support sits at $112,500, below which BTC might decline heavily. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $116,550, followed by $115,800. Major Resistance Levels – $117,850 and $118,000.

Following the recent decision by the US Federal Reserve (Fed) to cut interest rates, the Bitcoin price has resumed its upward trajectory after a brief period of consolidation below $115,000. This shift aligns with forecasts from leading analysts, who suggest that the market’s top cryptocurrency may reach a new all-time high (ATH) in the coming months. Some experts even believe that this milestone could be achieved as soon as two weeks from now. Bullish Indicators Emerge Market expert Axel Adler has highlighted key indicators supporting this outlook. He noted on social media platform X that BTC futures are trading at a premium compared to spot prices, with a consistently positive basis. Additionally, the seven-day basis is above the thirty-day average, suggesting a bullish market regime. Adler’s analysis suggests a base case probability of around 70% for a continued stepwise uptrend or sideways movement over the next two weeks for the Bitcoin price. He emphasized that if a cluster of bullish signals emerges—such as rising prices, an increasing basis, and growing open interest—this would likely attract fresh long positions and enhance the likelihood of the Bitcoin price achieving a new ATH. Importantly, the Short-Term Holder (STH) Market Value to Realized Value (MVRV) Z-scores for both the 155-day and 365-day periods are hovering near zero, indicating that the market is balanced and not in an overheated or oversold state. With the Bitcoin price positioned just above its Short-Term Realized Price, Adler stresses that the stage is set for potential consolidation over the next week or two, followed by a possible surge toward new highs. Adler referred to this anticipated movement as a new “uptober” for Bitcoin and the broader digital asset market. Bitcoin Price Boost Predicted Amidst Strong US Stock Market Performance Adding to the bullish sentiment surrounding the Bitcoin price is the recent performance of US stocks, which have been on a significant uptrend for the past two weeks. Analysts at The Bull Theory have noted a correlation between stock market rallies and the Bitcoin price action, with the analysts suggesting that Bitcoin tends to rise when US equities hit new highs. Historical data supports this notion: as seen in the chart below, after an all-time high in the S&P 500, the Bitcoin price has averaged an increase of 12% over 30 days and an impressive 36% over 90 days. If this were to occur again, the Bitcoin price would reach $131,000 and even $178,000 respectively. Similarly, following a Nasdaq all-time high, Bitcoin’s average gains are 16% in 30 days and 46% in 90 days. This scenario would position the market’s leading cryptocurrency at $136,000 and $199,000 if similar price action unfolds from current trading levels of $117,770. Featured image from DALL-E, chart from TradingView.com

SUI nears a crucial resistance level as intuitional momentum continues to grow and the network scores major partnerships. Some analysts suggest that the altcoin could see a breakout to new highs if the current levels hold. SUI $4 Retest In Sight On Thursday, SUI surged 4.2% from its daily opening to reclaim the $3.90 area for the first time in a month. The cryptocurrency has been hovering within the $2.50.00-$4.00 price range after the May breakout, hitting a multi-month high of $4.44 in late July. Since then, the altcoin has failed to reclaim the range’s upper boundary, being rejected twice from this key zone in the past two months. Now, its recent rally has propelled its price back to the range highs, nearing the $4.00 resistance once again. Analyst Sjuul from AltCryptoGems asserted that SUI’s low-timeframe structure “is super bullish,” highlighting the recent higher highs (HH). Following its recent breakout from a two-month falling wedge pattern, Sjuul affirmed that the altcoin also confirmed the high-timeframe bullish structure. The market watcher previously suggested that the cryptocurrency could be repeating a similar price action to its early Q3 breakout. Per the post, in Q2, SUI printed a new HH, followed by a correction within a falling wedge formation. Then, the cryptocurrency bounced from the local support and demand area, forming a lower high before rallying to a new HH at the start of Q3. Now, he considers that the price seems “ready to move higher” and that the next leg up could target SUI’s all-time high (ATH) levels. Similarly, Rekt Capital signaled that a successful breakout from the $3.80 would set the stage to revisit the $5.35 ATH. Notably, the current levels coincide with the resistance level of the cryptocurrency’s multi-month downtrend channel. Nonetheless, market watcher CW highlighted that SUI’s current sell wall extends from $3.85 to $4.00, suggesting that the price must hold this crucial area, or it will risk another rejection. What’s Behind The Momentum? SUI’s rally appears to be fueled by institutional interest, Digital Asset Treasuries (DATs), and positive developments for the network. This week, the Sui Network became one of the launch partners for Google’s Agentic Payments Protocol (AP2). The tech giant’s new standard for AI-driven payments allows AI agents to execute transactions on behalf of users. Moreover, Tuttle Capital joined the Exchange-Traded Fund (ETF) buzz and recently filed for a SUI Income Blast ETF to “seek current income” and “exposure to the share price of the daily performance of SUI.” It’s worth noting that at the start of the month, the Securities and Exchange Commission (SEC) delayed the final decision on the 21Shares SUI ETF to December 21, 2025. However, many expect that the investment product could be approved as early as October, alongside multiple other crypto-based ETFs that have been delayed for early Q4. The current DAT strategy trend, which has seen corporations pour billions into cryptocurrencies as treasury reserve assets, has also contributed to SUI’s momentum. At the start of the month, Nasdaq-listed SUI Group Holdings announced it had total holdings of approximately 102 million tokens, worth around $403 million at current prices. The company also authorized a new $50 million stock repurchase program earlier this week. As of this writing, SUI is trading at $3.95, a 10% increase in the weekly timeframe.

PayPal’s stablecoin PYUSD is now available on a lot more blockchains thanks to a new integration with LayerZero. This means users won’t be stuck using it on just a few networks anymore. The rollout introduces a new version called PYUSD0, which acts just like regular PYUSD but can move more easily across chains without needing special permissions. What’s Actually Changing Here Until now, PYUSD lived mostly on Ethereum, Solana, Arbitrum, and Stellar. That worked, but it meant anyone using a different chain was out of luck. With this new setup, PYUSD can now travel across nine more networks, including Avalanche, Tron, and Aptos. Source: Shutterstock This is possible through LayerZero’s tech, which helps different blockchains communicate and share data. PYUSD0 is fully backed and interchangeable with the original version, so users don’t have to worry about getting stuck with a lesser version of the token. Why This Is a Big Deal For regular users, this makes a difference. You won’t need to jump through hoops or deal with complicated bridges just to use your stablecoin in a different app or ecosystem. If you want to send PYUSD from a wallet on one chain to a game or app on another, it’ll be a smoother experience. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in September2025 More apps and wallets are also likely to support it now that it’s available in more places. And for anyone who’s tried moving tokens around before, fewer steps and lower fees are always welcome. What’s Driving the Push There’s growing demand for stablecoins that actually feel like money you can use anywhere. PYUSD is trying to meet that demand. PayPal and LayerZero are working to make the coin more flexible and available, especially as people use apps across different chains. The more places PYUSD can go, the more useful it becomes. Plus, spreading across networks helps reduce any reliance on one chain, especially if that chain gets congested or expensive to use. avalanchePriceMarket CapAVAX$16.03B24h7d1y What Could Go Wrong Expanding across multiple chains sounds great, but it also comes with challenges. Each blockchain has its own quirks and risks. There’s always a chance of technical issues or bugs when trying to connect them all. If something goes wrong during a cross-chain transfer, users could lose time or money. And then there’s trust, people need to feel confident that PYUSD and PYUSD0 will always be equal in value. If that breaks, adoption could slow down fast. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 How Far PYUSD Has Come PYUSD launched in 2023 with Paxos as the issuer and PayPal backing the brand. At first, it was limited in where you could use it, but it has grown steadily. Its supply has now crossed the $1.3 billion mark, which shows that more people are using or holding it. This latest expansion is the next step in turning PYUSD into something more than just another stablecoin with a familiar name. What Comes Next Over the next few months, the big question will be whether apps actually adopt PYUSD0 and start using it in real ways. Will developers integrate it into lending platforms, games, or payment tools? Will people find it easier to move PYUSD between ecosystems? If things go smoothly, this update could quietly make PYUSD one of the more useful stablecoins in the space. And if not, well, users will let PayPal know. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways PayPal’s PYUSD stablecoin can now move across more blockchains after integrating with LayerZero, using a new token version called PYUSD0. PYUSD0 is fully backed and interchangeable with original PYUSD, making cross-chain movement possible without complicated bridges. The rollout adds support for nine new chains, including Avalanche, Tron, and Aptos, on top of existing networks like Ethereum and Solana. This move aims to make PYUSD more useful in real-world apps and wallets by cutting fees, reducing steps, and expanding reach. With over $1.3 billion in supply and growing demand, PYUSD’s cross-chain upgrade is a major step in becoming a widely used stablecoin. The post PayPal’s PYUSD Expands Across New Chains With LayerZero appeared first on 99Bitcoins.

The GBP/USD currency pair also easily and calmly returned to its original positions on Thursday, only to continue its decline. As we mentioned in previous articles, it is wise to reserve judgment for now and not rush to conclusions or entirely rethink the technical picture. The dollar may show some growth, but under current conditions, any rise in the dollar is likely to be only corrective. The Fed's monetary policy stance nearly perfectly matched traders' expectations, so in essence, there was no fundamental reason to sell or buy. Jerome Powell took the same stance he always does: Fed decisions will depend entirely on macroeconomic data, and any rate decisions will be made on a meeting-by-meeting basis, with no explicit roadmap. Powell did not deny that the Fed could reduce the key rate twice more before the year's end, but he also did not say this was now the base scenario. We also noted that if the labor market starts to recover soon and inflation continues to accelerate, the Fed will again be forced to pause. Thus, no new conclusions can be drawn after the Fed's meeting. "Dovish" market expectations have, of course, increased, but they have remained high since the beginning of 2024, when traders expected seven rate cuts—barely managing to get just three. So, that's not really news. The most important point is not actually related to the Fed meeting at all. We have to answer the question: what should we expect from the dollar if the Fed is lowering rates while the ECB and the Bank of England are on hold, given that the dollar crashed in the opposite scenario? The answer is simple: sooner or later, the US currency will continue to depreciate; the only question is how fast, and that will depend on the pace of monetary easing. Now to the BoE, which did not surprise traders at all. The key rate remained unchanged, and the voting among Monetary Policy Committee members was exactly as expected—7 to 2. With inflation in the UK having doubled over the past year, there's no reason to expect any monetary policy easing from the British central bank in the near future. The only noteworthy decision was the reduction of the target level for securities held on the balance sheet, from £100 billion per year to £70 billion. What does that mean? It means the BoE will be selling Treasuries and other securities at a slower pace than before, and will thus be draining excess liquidity from the market more slowly. In principle, this decision doesn't change much, as the Bank is still fighting high inflation by this method. The more money is in circulation, the faster prices rise. In any case, the aim is to reduce the money supply. As with the Fed, we advise against making hasty conclusions about the market's reaction and to wait until traders fully price this in. The average volatility for GBP/USD over the last five trading days is 88 pips, which is considered "average" for this pair. Therefore, on Friday, September 19, we expect movement within the range limited by 1.3454 and 1.3630. The long-term linear regression channel is pointing upwards, indicating a clear upward trend. The CCI indicator has once again moved into oversold territory, warning once more of a possible trend resumption. Nearest Support Levels:S1 – 1.3550 S2 – 1.3489 S3 – 1.3428 Nearest Resistance Levels:R1 – 1.3611 R2 – 1.3672 R3 – 1.3733 Trading Recommendations:The GBP/USD currency pair aims to continue its upward trend. In the medium term, Donald Trump's policies are likely to continue putting pressure on the dollar, so we do not expect sustained growth from the dollar. Thus, long positions with targets at 1.3672 and 1.3733 remain much more relevant if the price is above the moving average. If the price is below the moving average, short trades can be considered on a purely technical basis. From time to time, the US currency shows corrections (as now), but for a real trend reversal, it will need clear signs of an end to the global trade war or other major positive global factors. Chart Elements Explained:Linear regression channels help determine the current trend. If both channels point in the same direction, the trend is strong.The moving average line (settings 20,0, smoothed) indicates the short-term trend and trade direction.Murray levels serve as target levels for moves and corrections.Volatility levels (red lines) are the likely price channel for the next day, based on current volatility readings.The CCI indicator: dips below -250 (oversold) or rises above +250 (overbought) mean a trend reversal may be near.The material has been provided by InstaForex Company - www.instaforex.com

The EUR/USD currency pair calmly and effortlessly returned to its original levels on Thursday, where it stood before the Fed's meeting results were announced. This is precisely what we warned about in previous articles: it often happens that the pair rockets in one direction, then the other, and then simply returns to where it began. As we can see, that's precisely what happened. That's why we urged against rushing to conclusions or making trade decisions during the Fed meeting. This event is quite deceptive, as many traders begin to trade impulsively and emotionally, so there's no logic in such movements. For example, overall, you could say the dollar strengthened after the Fed meeting. Of course, this strengthening is, firstly, fairly nominal, and secondly, very weak. Nevertheless, why didn't the market just continue selling off the US currency, given that all available factors are in favor of that? There could be several reasons, none directly tied to the Fed or the meeting's outcome (contrary to what most experts think). The first reason is purely emotional, illogical trading. Each major player "saw" what they wanted to see, made their own forecast, and so some were buying while others sold. As a result, the pair dropped just 50 points, which can't be considered a significant move. The second reason is the market's pricing in anticipation of the Fed decision. Remember, the dollar had been falling for several weeks. While there are enough reasons for it to keep dropping for quite some time, who's to say that traders hadn't already priced in monetary easing from the Fed, especially since it was talked about back in August? So, when the results finally came out, the market was taking profit on longs rather than opening new ones. Either way, what changed after the Fed meeting? We've said countless times that the main question is the pace of rate cuts. That's what determines how fast the dollar will fall in 2025 and 2026. If easing is slow and moderate, the dollar could end the year not far from $1.20 per euro. If easing is aggressive, we could see $1.30 for the euro next year. This isn't fantasy—it's an objective reality. Just look at where the pair was in January 2025 and ask yourself: did anyone expect such a collapse? It's obvious to everyone that Donald Trump triggered this downfall. And the Republican hasn't left office yet—and has no intention of stopping. He continues to demand extreme rate cuts from the Fed, seeks to "reshape" the FOMC, and keeps threatening half the world with sanctions, tariffs, and all the rest. What has changed for the dollar that would make us expect it to strengthen? The average volatility for EUR/USD over the past five trading days as of September 19 is 87 pips, which is "average." We expect the pair to move between 1.1687 and 1.1861 on Friday. The long-term linear regression channel is pointed upward, still indicating a bullish trend. The CCI indicator has entered the oversold zone three times—warning of a trend resumption. There was also a "bullish" divergence signaling potential growth. The last time the indicator entered the overbought zone, but on an uptrend, this signals a correction. Nearest Support Levels:S1 – 1.1719 S2 – 1.1597 S3 – 1.1475 Nearest Resistance Levels:R1 – 1.1841 R2 – 1.1963 Trading Recommendations:The EUR/USD pair may resume its upward trend. The US currency is still heavily influenced by Trump's policies, and he isn't planning to "rest on his laurels." The dollar has grown as much as it could (and not for long), but now it seems time for a new extended downturn. If the price settles below the moving average, consider modest shorts targeting 1.1719 and 1.1687 on a purely corrective basis. Above the moving average, long positions remain relevant with targets of 1.1861 and 1.1963 in line with the ongoing trend. Chart Elements Explained:Linear regression channels help determine the current trend. If both channels point in the same direction, the trend is strong.The moving average line (settings 20,0, smoothed) indicates the short-term trend and trade direction.Murray levels serve as target levels for moves and corrections.Volatility levels (red lines) are the likely price channel for the next day, based on current volatility readings.The CCI indicator: dips below -250 (oversold) or rises above +250 (overbought) mean a trend reversal may be near.The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin (BTC) is holding near $117,500, up about 6.1% over the past two weeks. However, recent data from Binance shows that BTC’s current price action is largely supported by retail investors, while whales have been noticeably absent. Bitcoin Holds $117,500 Amid High Retail Inflows According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin is hovering around the $117,500 price level, supported by active inflows from retail investors. Notably, large whale inflows have been completely absent, indicating that the current market is being driven by individuals more than by large wallets. Inflows ranging from 0 to 0.001 BTC recorded approximately 97,000 BTC. Similarly, inflows from the 0.001 to 0.01 BTC segment totaled nearly 719,000 BTC. The distribution above suggests that Bitcoin’s current rally is largely driven by retail investors. These investors conduct numerous but small-volume transactions, confirming that individual investors are shaping the market dynamics. Arab Chain added: The figures reveal that the bulk of inflows are concentrated in small and medium-sized transactions, reflecting the dominance of retail activity in Bitcoin trading. This liquidity, despite its limited scale, has helped keep the market balanced at current levels. It is worth emphasizing that there has been almost no whale pressure during the current market rally. Specifically, no significant surges in inflows of more than 100 BTC were observed, mitigating the likelihood of a sharp short-term price correction. To conclude, the current market situation shows that Bitcoin is experiencing a state of equilibrium, largely due to heightened retail investor participation. Such a scenario gives the market an opportunity to steadily surge toward the important $120,000 resistance level. That said, it would be wise to keep an eye on any whale activity, as it could quickly alter the market’s direction. Any sudden entry of whale inflows could trigger a rapid price correction, similar to previous market tops. Experts Divided On BTC Price Action As Bitcoin trades about 5.4% below its all-time high (ATH), there are signs that the top cryptocurrency by market cap may be on the cusp of a fresh rally. For instance, BTC recently broke above the mid-term holder breakeven, reducing the likelihood of an immediate sell-off. Recent positive developments – such as the US Federal Reserve (Fed) reducing interest rates by 25 basis points – could reinvigorate the crypto market. Against that backdrop, crypto entrepreneur Arthur Hayes recently reiterated his ambitious $1 million BTC prediction. That said, gold bug Peter Schiff opines that BTC has likely already peaked for this market cycle. At press time, BTC trades at $117,523, up 1.8% in the past 24 hours.

Senator Elizabeth Warren is intensifying her scrutiny of Binance, the world’s largest cryptocurrency exchange, by demanding clarifications from the US Department of Justice (DOJ) regarding the crypto company’s compliance with a 2023 settlement agreement. This comes in the wake of concerns about the exchange’s alleged ties to President Donald Trump’s administration and the potential easing of regulatory oversight. Warren Pressures DOJ On Binance Compliance Following years of legal challenges, which culminated in the resignation and brief imprisonment of former CEO Changpeng Zhao (CZ) over allegations of money laundering in the US, Binance appeared to have navigated a path toward a more favorable regulatory environment during Trump’s presidency. However, in a recent letter to Attorney General Pam Bondi, Warren, along with two fellow Democratic senators, pressed for confirmation that Binance is adhering to the ongoing requirements stipulated in its plea agreement related to charges, including money laundering and violations of US sanctions laws. The senators expressed their concerns over reports of meetings between Binance executives and Treasury Department officials, seeking clarity on the administration’s role in ensuring the exchange’s compliance with the settlement. Warren’s letter highlighted several specific inquiries. She requested information about the Department’s efforts to guarantee Binance’s compliance with its plea agreement, the status of the company’s anticipated exit from the US market, and any discussions regarding a potential pardon for Zhao. This follows the former CEO’s official request for a presidential pardon earlier this year, after rumors from The Wall Street Journal and Bloomberg suggested that CZ and Trump would be collaborating. The senators also sought details about conversations relating to World Liberty Financial (WLFI), a decentralised finance (DeFi) venture run by the president’s sons, and its plans to list a new stablecoin called USD1 on the Binance platform. Lawmakers Demand Clarity In a response from the Department of Justice on September 12, officials summarized Binance’s plea agreement and confirmed that the exchange had paid all penalties due. However, the senators asserted that the response failed to address their key questions, particularly regarding Binance’s compliance with ongoing requirements. The letter concluded as follows: These reports make it more important than ever that the public understand the Trump Administration’s interactions with, and relationship to, Binance and its employees. We therefore once again request meaningful answers to the questions above by no later than October 1, 2025. As NewsBTC reported earlier this week, the exchange is currently in discussions with federal prosecutors to potentially eliminate the oversight condition from its $4.3 billion settlement, specifically the requirement for an external compliance monitor. This development raises alarms for Democrats, especially given that the Department of Justice has begun to scale back the number of compliance monitors established during the Biden administration. Featured image from DALL-E, chart from TradingView.com

An analyst has pointed out how a 78% price move could be coming for Pepe based on a technical analysis (TA) pattern forming in its daily chart. PEPE Is Approaching The End Of A Symmetrical Triangle In a new post on X, analyst Ali Martinez has shared a TA pattern forming in the 1-day price of Pepe. The pattern in question is a “Symmetrical Triangle,” which forms when an asset observes consolidation between two trendlines approaching each other at a roughly equal and opposite slope. The upper line of the pattern acts as a resistance barrier, while the lower one provides support. Together, they make it so that the price remains stuck in the channel between them, and since the trendlines involved here are of the converging type, the asset’s range shrinks as it moves inside the triangle. An escape out of either of these bounds can imply a continuation of trend in that direction. That is, a break above the triangle can be a bullish sign, while a decline under it a bearish one. Now, here is the chart shared by Martinez that shows the Symmetrical Triangle that the 1-day PEPE price is currently trading inside: As is visible in the above graph, Pepe has been stuck inside this channel since December of last year, but its price is now not far from the apex. Generally, breakouts become more likely to occur the tighter an asset’s range is, as it means retests happen more frequently. With the memecoin standing inside the narrow tip of the triangle now, its range is quite small, so an escape could be probable to occur in the near future. Symmetrical Triangles are usually considered to have an equal bias in both directions, so a possible breakout could occur in either direction for the asset. Triangle breakouts are generally of the same length as the base of the triangle (that is, the distance between the trendlines at their widest). Based on this, the analyst believes the memecoin may be gearing up for a 78% move. It now remains to be seen how the price of the cryptocurrency will develop in the near future and which side of the Symmetrical Triangle a breakout would take place. The Symmetrical Triangle is just one type of triangles that exist in TA. Another popular variant is the Ascending Triangle, which forms when the upper trendline is parallel to the time-axis. As Martinez has pointed out in another X post, Solana has seen a breakout above such a triangle on the daily timeframe. “Solana $SOL may retest the breakout zone at $210 before pushing toward the $320 target!” explains the analyst. PEPE Price At the time of writing, Pepe is trading around $0.00001137, up more than 9% over the last week.

We discussed the results of the September Fed meeting in the previous review—I recommend reading it. Now it's time to look at Jerome Powell's press conference. The Fed Chair made a few important and interesting remarks. First, Powell stated that the impact of import tariffs on inflation may be short-lived. Second, Mr. Powell said that the main blow from the trade war would be felt by companies that stand between exporters and end consumers. Here, I must disagree with the FOMC Chair, since all retailers and manufacturing companies, without exception, always pass additional costs on to end consumers. No business will operate at a loss for long. Ultimately, it's American businesses and consumers who will bear the cost of Trump's tariffs. Third, Powell admitted he has no idea what shape the U.S. economy will be in three years from now—a thinly veiled reference to the length of Donald Trump's presidential term. You might even take this as a jab at the U.S. President, who, for his part, never hesitates to voice his criticism. With this comment, the Fed Chair seemingly hinted that the economic situation could worsen significantly, and that Trump would bear responsibility. Fourth, according to Powell, even though the unemployment rate has been rising over the past year, it remains quite low. The economy has gone through many "darker" times and is generally coping well with new challenges. Fifth, Powell stated that there was no support within the FOMC for a 50 basis point rate cut—conveniently "forgetting" about Stephen Miran's vote. The entire FOMC "welcomed" the new governor, "as is always the case." Taking all this into account, Powell sent a clear message to the markets: \Miran is considered an "odd man out" by the Committee. Miran can vote for a 2% rate cut if he likes, but all the other governors are still loyal to the Fed's mandate and continue making balanced decisions based on economic data. The Fed still isn't going to rush things or follow a predetermined pace of policy easing. Decisions will be made meeting by meeting, without being tied to previous outcomes. In my view, the Fed's stance at the September meeting hasn't changed. The increased demand for the U.S. dollar may be short-term and accidental. I don't see any reason for market participants to have changed their attitude towards the dollar from negative to positive last night. Most likely, we'll see another corrective wave on both instruments, followed by a further move upward. Wave outlook for EUR/USD:Based on my analysis, I conclude that EUR/USD continues to build an upward segment of the trend. The wave structure remains entirely dependent on news flow, particularly decisions made by Trump and the domestic and foreign policy of the new White House administration. The targets for the current leg of the trend could extend toward the 1.25 area. The news background remains the same, so I'm staying long, despite the first target near 1.1875 (which corresponds to 161.8% Fibonacci) already being worked out. By year-end, I expect the euro to rise to 1.2245, aligning with 200.0% Fibonacci. Wave outlook for GBP/USD: The wave pattern for GBP/USD remains unchanged. We're looking at an upward, impulsive section of the trend. Under Trump, the markets may face plenty more upsets and reversals, which could seriously impact the wave picture, but for now, the working scenario remains intact, and Trump's policy is consistent. The targets for the upward move are around the 261.8% Fibonacci. At this point, I expect the quotes to keep increasing in wave 3 of 5, targeting 1.4017. Main principles of my analysis: Wave structures should be simple and easy to understand. Complex structures are harder to trade and often signal changes.If you aren't confident in what's happening on the market, it's better not to enter.There can never be 100% certainty about market direction. Always use protective Stop Loss orders.Wave analysis can be combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

So, the Federal Reserve made a decision that was entirely expected and not at all surprising. The interest rate was lowered by 25 basis points, but this is precisely what the market anticipated. There were far more questions about the central bank's next moves amid a weakening labor market and rising inflation. But, as was easy to predict, there were no specifics from the Fed or from Jerome Powell himself. Powell's entire speech can be interpreted in any way you like. The Fed chair didn't say "no" to a 50 basis point cut by the end of the year, but he didn't announce one either. The dot plot showed a slightly more "dovish" mood for the coming year, but only marginally so. The overall reduction in rate expectations among FOMC members could simply be a margin of error or reflect a shift of expectations forward by one quarter. So, overall, the Fed's stance hasn't really become more "dovish." It remains "data-dependent." A "data-dependent" stance means the Fed will continue making decisions based on the state of the labor market and inflation. So, only the next sets of data on these metrics will help form a more or less accurate forecast for the Fed's actions on October 29 and December 10. The market, as usual, interpreted Powell's speech as the most dovish possible, immediately ramping up expectations for a rate cut in October to 85.5%, and in December to 75% (according to the CME FedWatch tool). Simply put, the market is now sure the Fed will carry out two more rounds of monetary policy easing this year. In my view, however, everything will depend on the economic data. For example, the labor market could start to recover from its summer slump precisely because the fed funds rate was cut in September. The Fed may cut rates again in October, and that will be enough to stabilize Nonfarm Payrolls at least around 100,000 new jobs per month. We shouldn't forget about inflation, as Powell also reminded us at the press conference. It remains persistently elevated. In the view of Fed officials, inflation could have been much higher under the influence of tariffs, and these tariffs should only put upward pressure on prices for a limited period, which may already be coming to an end. Nevertheless, high inflation will not allow the Fed to lower rates recklessly. Based on the September meeting, I wouldn't rush to draw "dovish" conclusions. And if the markets have indeed become more "dovish," then why is the dollar rising? Wave outlook for EUR/USD:Based on my analysis, I conclude that EUR/USD continues to build an upward segment of the trend. The wave structure remains entirely dependent on news flow, particularly decisions made by Trump and the domestic and foreign policy of the new White House administration. The targets for the current leg of the trend could extend toward the 1.25 area. The news background remains the same, so I'm staying long, despite the first target near 1.1875 (which corresponds to 161.8% Fibonacci) already being worked out. By year-end, I expect the euro to rise to 1.2245, aligning with 200.0% Fibonacci. Wave outlook for GBP/USD: The wave pattern for GBP/USD remains unchanged. We're looking at an upward, impulsive section of the trend. Under Trump, the markets may face plenty more upsets and reversals, which could seriously impact the wave picture, but for now, the working scenario remains intact, and Trump's policy is consistent. The targets for the upward move are around the 261.8% Fibonacci. At this point, I expect the quotes to keep increasing in wave 3 of 5, targeting 1.4017. Main principles of my analysis: Wave structures should be simple and easy to understand. Complex structures are harder to trade and often signal changes.If you aren't confident in what's happening on the market, it's better not to enter.There can never be 100% certainty about market direction. Always use protective Stop Loss orders.Wave analysis can be combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

The FOMC meeting could amuse anyone who follows American news even a little. At the end of August, one of the Fed governors, Adriana Kugler, left her post under rather strange circumstances, just a few months before the end of her term. I can already imagine the most expensive champagne being popped open in the White House to celebrate. Trump didn't have to search long for her replacement. He nominated Stephen Miran, who was and still is Donald Trump's economic advisor. Even if you're not an expert in staffing at U.S. government agencies, it's easy to guess that Miran cannot legally hold two positions at once—one directly linked to politics, and the other to monetary policy. But Trump (and I'm convinced this brilliant plan came straight from the U.S. President) found a solution. Miran will simply take an unpaid leave of absence for four months (until the end of Adriana Kugler's term), and during that time will be actively pressing the button for a 50 basis point rate cut at every Fed meeting. In fact, it was his second day on the job, and Miran was the only governor who voted in favor of a half-point rate cut. From the outside, the situation looks like a farce, and Miran's actions only confirm what is obvious to all: Miran was put on the Fed Board of Governors for one reason only—to carry out Trump's directives. It's also not hard to predict that all of Trump's future appointees will simply keep pressing the button for maximum rate cuts. So, if Trump does manage to fill the FOMC with his people, there is no doubt we'll see unprecedented and very fast monetary accommodation. It'll be very interesting to watch as some Fed governors vote to hold rates steady, while others push for cuts of half a percentage point or even a full point. It's also worth noting that only Republicans voted for Miran's appointment. Not a single Republican voted against, and not a single Democrat voted in favor. So, again, there's little doubt that the Senate will also approve all of Trump's future nominees. How could it be otherwise, when there are more Republican senators than Democrats? Thus, all that remains for Trump is to keep pressuring the current Fed governors. The battle with Lisa Cook continues, and so does the one with Jerome Powell. Soon, we may learn the name of the third "lucky" appointee to come under Trump's sights. Wave outlook for EUR/USD:Based on my analysis, I conclude that EUR/USD continues to build an upward segment of the trend. The wave structure remains entirely dependent on news flow, particularly decisions made by Trump and the domestic and foreign policy of the new White House administration. The targets for the current leg of the trend could extend toward the 1.25 area. The news background remains the same, so I'm staying long, despite the first target near 1.1875 (which corresponds to 161.8% Fibonacci) already being worked out. By year-end, I expect the euro to rise to 1.2245, aligning with 200.0% Fibonacci. Wave outlook for GBP/USD: The wave pattern for GBP/USD remains unchanged. We're looking at an upward, impulsive section of the trend. Under Trump, the markets may face plenty more upsets and reversals, which could seriously impact the wave picture, but for now, the working scenario remains intact, and Trump's policy is consistent. The targets for the upward move are around the 261.8% Fibonacci. At this point, I expect the quotes to keep increasing in wave 3 of 5, targeting 1.4017. Main principles of my analysis: Wave structures should be simple and easy to understand. Complex structures are harder to trade and often signal changes.If you aren't confident in what's happening on the market, it's better not to enter.There can never be 100% certainty about market direction. Always use protective Stop Loss orders.Wave analysis can be combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

The AUD/USD pair has been in a zone of strong turbulence in recent days — on Wednesday, buyers made their presence felt at the 0.6709 mark, while on Thursday, sellers pushed it down to the lower end of the 0.66 range. Such swings are driven not only by the outcome of the Fed's September meeting. The Australian currency has also played a role, sharply reacting to the published labor market data out of Australia. The release did not favor the Aussie. Unemployment in August held at the previous month's level, i.e., 4.2%. On the one hand, this is "stability," but it's important to remember that the unemployment rate is a lagging and shaky indicator. Labor market cooling can manifest in other forms (typically, businesses first reduce new hiring, work hours, and temporary contracts before proceeding to layoffs), and the calculation methodology counts only those actively, officially searching for work (if someone is not officially seeking work, they aren't statistically considered unemployed). In other words, a "stable" 4.2% unemployment rate in this context isn't reassuring, as this figure reflects negative trends with a lag. Meanwhile, more prompt indicators are signaling a deterioration in the labor market. For example, total employment in August fell by 5,000, while most analysts had forecast a 20,000 increase. Moreover, the structure of this indicator shows that the negative dynamic was due to a drop in full-time employment, down by 40,000 jobs. At the same time, part-time employment rose by nearly the same amount (35,000). What does this mean? Overall, it's a negative signal. It may indicate, for example, that employers are cutting costs by moving people from full-time to part-time (fewer hours worked, thus lower wages). Or, it may mean employers don't see sufficient demand for their products (or services), and are therefore unwilling to hire full-time staff. Overall, such imbalances undermine consumer confidence, demand, and ultimately, the sustainability of the economy (rising hidden unemployment, falling real incomes, and slowing consumer inflation). Of course, this only holds if this trend continues — for example, July showed the opposite imbalance: full-time employment increased while part-time employment decreased. Therefore, August's result alone doesn't provide grounds for long-term fundamental conclusions. But the "warning bell" has rung. And this isn't the only such warning. For instance, the August report showed an unexpected drop in the labor force participation rate. For the three preceding months, the indicator was at 67.0%, but in August, it slipped to 66.8%. Most analysts were sure it would be 67.0% again. Overall, the report signals a cooling in the Australian labor market in August. As mentioned above, the Aussie initially reacted negatively to the release but then partially recovered lost ground. Traders quickly absorbed this fundamental factor for one simple reason: a single weak report cannot radically change the broader picture for the Australian dollar. Following the September RBA meeting, all parameters of monetary policy will almost certainly remain unchanged, while the further easing outlook will depend on, firstly, the dynamics of quarterly inflation (Q3 data will be released in October) and on the trajectory of "Australian Nonfarm Payrolls." As we've seen, the Australian labor market performed strongly in July and the opposite in August. Which way the scales tip in September-October (the next meeting after September's is only in November) remains to be seen. That's why market participants didn't dramatize matters, despite the "red numbers" in many parts of the report. What's next? In my view, the AUD/USD pair will now mirror the trajectory of the US Dollar Index; in other words, the Aussie will track the greenback. The Australian dollar isn't able to pull the pair higher on its own, meaning sustained growth in AUD/USD is only possible if DXY sees steady declines. At the moment, AUD/USD can't settle on a direction, as shown by sharp price swings — first in the 0.67 area, then down to the base of the 0.66 figure. In times of such uncertainty, it makes sense to stay out of the market while watching the resistance level at 0.6640 (the upper line of the Bollinger Bands on the W1 timeframe). If the Aussie can consolidate above this level, buyers will probably try to retest the 0.67 area — more precisely, the next resistance at 0.6710, which matches the upper Bollinger Band on D1. However, should the US dollar gain strength again across the market, the Aussie won't be able to hold off AUD/USD sellers — in that case, the pair will once again retreat to the 0.65 area, in the 0.6510–0.6570 range (the upper edge of the Kumo cloud, the middle Bollinger Band, which coincides with the Kijun-sen line on D1). The material has been provided by InstaForex Company - www.instaforex.com

It's sheer chaos! Instead of continuing its rally after the Federal Funds rate cut and the FOMC's "dovish" forecasts, EUR/USD confidently moved south. Investors decided that Donald Trump would fail in dictating terms to the central bank and stripping it of its independence. A serious split within the ranks of the Fed raises doubts about the central bank's commitment to its chosen path. Statistics on jobless claims further fueled bearish pressure. The September FOMC meeting revealed how Trump's people intend to act. Stephen Miran not only voted for a 50-basis-point cut in the Federal Funds rate, but also projected in the dot plot its reduction by 150 basis points! Given the White House occupant's statement that borrowing costs should be closer to 1%, his actions appear logical. The governor is dancing to the president's tune. Trump wants everyone else to do the same. They aren't. Expected Fed Rate Path Miran turned out to be in a clear minority. Other Trump appointees—Christopher Waller and Michelle Bowman—sided with the majority. This means not all officials appointed by the Republican president will follow his instructions. The Fed's independence has stood the test. This emboldened EUR/USD bears to act. In the end, the difference between two and three rounds of monetary expansion in 2025 is not enough for the U.S. dollar to throw in the towel. The greenback was supported by news of the fastest decline in initial jobless claims in almost four years. They fell by 33,000 to 231,000, returning to the low levels seen for much of the year. Dynamics of U.S. Jobless Claims No sooner had Jerome Powell said that the Fed is shifting its focus from inflation to the labor market, as the latter is cooling, when indicators started sending signals to the contrary. If the employment situation is fine, what's the point in cutting rates at all in 2025? Seven out of nineteen FOMC officials see no such point. Two more voted for a single cut. The Committee is divided, which could benefit the U.S. dollar. The latest jobless claims statistics are a story in themselves. Could the sharp drop in the indicator be the new head of the BLS trying to please Trump? The President must be clear about what he wants: turbocharging the economy or lower rates? These goals are at odds with one another. Strong data will keep the Fed from easing monetary policy. Weak data will hurt the President's ratings. Technically, on the daily EUR/USD chart, bears are attempting to return to the fair value range of 1.1600–1.1760. A bounce from support at 1.1760 or a return of the main currency pair's quotes above the pivot level at 1.1825 will provide a basis for forming long positions. The material has been provided by InstaForex Company - www.instaforex.com

Dogecoin (DOGE) has surged 13% this week, climbing to $0.282, despite heavy selling pressure from investors. Over $1.63 billion worth of DOGE, nearly 5.81 billion tokens, have been moved to exchanges in September, signaling profit-taking and caution among traders. Long-term holders, who had previously offered stability, are also shifting assets according to the coin days destroyed (CDD) metric, often a sign of potential downside risk. However, the bullish rally remains strong, mainly driven by optimism about a possible spot Dogecoin ETF launch. This regulatory milestone, along with increasing corporate treasury use and payment integrations, has kept DOGE on the minds of institutional investors. Technical Setup Points to Potential DOGE Breakout Despite mixed short-term signals, technical analysts remain bullish. The Ichimoku Cloud setup shows all four major indicators aligned in favor of buyers, giving DOGE a “perfect +4” bullish score. Support levels sit near $0.255, with resistance forming at $0.287. A decisive break above could push DOGE toward $0.300 and beyond. Trader Tardigrade highlighted that Dogecoin’s consolidation pattern is steadily building momentum. Each resistance test has been met with higher lows, suggesting waning selling pressure. “Eventually, DOGE will break this resistance and reach new all-time highs,” he noted. Meanwhile, analyst Javon Marks set a breakout target of $0.6533, implying a 111% upside from current levels. CoinCodex forecasts also predict DOGE will trade at $0.32 by mid-October, reflecting continued bullish sentiment. Dogecoin ETF Hype and Market Outlook The U.S. SEC’s recent approval of listing standards for spot Dogecoin ETFs has further strengthened the bullish case. The launch of DOJE, backed by REX Shares and Osprey Funds, marks a milestone for meme coin adoption in regulated markets. Corporate participation, such as CleanCore Solutions’ Dogecoin treasury initiative, adds additional credibility and institutional demand. However, risks remain. If DOGE fails to hold above the critical $0.273 support level, analysts warn of a possible correction toward $0.241. Momentum indicators also show overbought conditions, hinting at potential short-term consolidation before any major breakout. With ETF optimism, corporate adoption, and bullish technicals aligning, analysts see a strong case for Dogecoin’s rally lasting into late 2025, with the potential for a breakout that could more than double its price. Cover image from ChatGPT, DOGEUSD chart from Tradingview

Zeus Network is positioning itself at the heart of cross-chain innovation by linking Bitcoin’s unmatched security with Solana’s high-speed infrastructure. If successful, Zeus Network could become a cornerstone of cross-chain adoption, reshaping how value flows between blockchains in the ecosystem. Unlocking New Use Cases For Bitcoin In Solana DeFi Zeus Network is stepping into the spotlight as the project is designed to connect Bitcoin and Solana into one seamless ecosystem, the two most powerful blockchains in the crypto space. SkyeOps, in a post on X, has highlighted the core of Zeus Network’s technology, a decentralized permissionless communication layer that enables interaction between BTC and SOL. This innovative architecture is referred to as Layer 1.5, a hybrid model that leverages BTC security while tapping into SOL performance. SkyeOps identifies APOLLO as one of Zeus Network’s flagship products, a decentralized Bitcoin-paged token zBTC, an application that enables operations natively on the Solana blockchain. According to the analyst, this is a revolutionary step because it allows Bitcoin holders to participate and earn yield in Solana’s vibrant DeFi ecosystem without having to surrender custody of their BTC to a centralized third party. Furthermore, the network utilizes a novel architecture combining ZeusNode and the Zeus Program Library (ZPL) to facilitate secure cross-chain interactions. The Zeusnode serves as the backbone of the network, with a decentralized system of Guardians who validate and sign cross-chain transactions. Meanwhile, Zeus Program Library (ZPL) provides the essential tools that empower developers to build new applications and services that leverage BTC functionality directly on Solana. Bitcoin Liquidity On Solana Hits An All-Time High The founder of Sensei Holdings and Namaste group, Solana Sensei, has also pointed out a major milestone, celebrating the fact that the supply of BTC on the Solana network has hit a new all-time high, surpassing $1 billion for the first time. According to Solana Sensei, bringing the digital gold onto Solana’s high-performance blockchain enables BTC to gain the speed, low fees, composability, and deep liquidity of the most performant L1 in all cryptocurrencies. As a result, Bitcoin can operate at internet scale, enabling instantaneous trading, use as collateral in lending markets, seamless settlement in DeFi applications, and integration with real-world assets. This connection will create a perfect dynamic. Solana supercharges BTC utility, while BTC lends SOL the ultimate credibility and security as the backbone store of value. “Together, they are turning the vision of Web3 into a true global financial layer. My two favorite cryptos are winning,” Solana Sensei noted.

Log in to today's North American session Market wrap for September 18 Today's story was one of a FOMC rate decision that American Markets loved. Between a comeback in the US Dollar and Nasdaq rallying to new highs, traders loved the atmosphere. Tech stocks led the charge after the acquisition news that Nvidia had acquired a stake in Intel, propelling related names like CrowdStrike and Synopsys higher. Still, the Dow Jones closed near the same lows seen during the FOMC’s intraday down-wick, a dynamic that will be worth watching in the coming sessions. By contrast, the Russell 2000 marked fresh all-time highs—a first since November 2024—underscoring the rotation into smaller caps. The underlying theme is one of a Fed independence that finally wasn't gone too far (for now at least). Powell’s not-so-dovish speech reassured US investors that the central bank decision-making is still guided by economic fundamentals rather than political pressure. Repeating what I mentioned on this Gold/Silver piece released earlier, Bowman and Waller, early birds for Rate cut calls got proven right by a degrading labor market which indeed gave them further credibility. For the US Dollar, there is still plenty of ground to cover before reaching pre-August highs, but the price action no longer carries the bearish tone that dominated over the summer. On the geopolitical side, President Trump and UK Prime Minister Keir Starmer appeared in a joint conference, reiterating alignment on the Russia-Ukraine war and broader global issues. While differences emerged on some details, the talks highlighted stronger US-UK unity. Bloomberg also reported that European LNG purchases from Russia are set to be phased out at a faster pace, reflecting the region’s accelerated shift away from Moscow’s energy supply. Read More:Gold (XAU) and Silver (XAG) find selling pressure from the post-FOMC stronger US dollarUS Stock Market rally: Fed’s 25 bps cut, Nvidia-Intel Deal, and strong Jobless Claims fuel gainsNZDUSD weakens sharply after the FOMC, losing 2% in two daysCross-Assets Daily Performance Cross-Asset Daily Performance, September 18, 2025 – Source: TradingView Cryptos and tech related risk-assets have performed well overall today, as the mood got pretty optimistic from the latest rate cut. However, Long-end bonds are getting hammered from higher issuance and a further inverted-yield curve. Commodities also didn't like their session very much, a tighter USD is the culprit of this. A picture of today's performance for major currencies Currency Performance, September 18 – Source: OANDA Labs The largest outstander from today was the Kiwi which got absolutely murdered from the huge miss in their GDP data (-0.9% vs -0.3%) expected, which directly put back more cuts on the table for the RBNZ (check out our most recent NZDUSD analysis!) For the rest, the theme is one of a comeback from the US Dollar which finishes the strongest of majors – An update to our most recent DXY analysis is more than warranted. For the rest, The Canadian Dollar held a decent performance today – Forex seems to get back to interesting points after all the Central Bank Rate decisions. 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 is not entirely over for JPY traders and with also a bit of data for NZD: At 18:45, we’ll see the New Zealand trade balance (−$3.94B prev.) and from the UK, GfK Consumer Confidence (−18 cons. vs −17 prev.). Shortly after, Japan releases August CPI (19:30) : headline (3.1% prev.), ex food/energy (3.4% prev.), and ex fresh food (3.1% cons. vs 2.7% prev.) which may preview some changes to the closely followed by the BoJ rate decision (0.5% hold expected) and policy statement, with Markets still on the outlook for any communication regarding future hikes. Friday also has some decent data points, particularly from Europe with German PPI (−1.8% YoY consensus) and UK retail sales (MoM 0.4% cons) both releasing at 2:00 A.M. The BoJ press conference follows at 2:30, key for yen direction and will be closely watch by participants (even as they wake up the day after) – Carry trades are still into play! Later in the day, focus shifts to North America with Canada retail sales at 8:30 A.M. ET (−0.8% MoM estimate) and Fed’s Daly speech closing the week. Safe Trades in this huge Central Bank week! 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.

The market has been gaining momentum in recent weeks, with industry leaders suggesting that the Bitcoin price is only at the beginning of its next major rally. As the digital asset shows resilience against broader market volatility, Adam Back, the co-founder and Chief Executive Officer of Blockstream, a blockchain technology company, has made a bold prediction that Bitcoin at $100,000 is still cheap. The crypto founder believes the flagship cryptocurrency holds far greater potential, predicting its real peak value for this cycle. Why Bitcoin Price At $100,000 Is Still Cheap Back, a long-time advocate of Bitcoin, recently emphasized that the market continues to underestimate BTC’s long-term potential. According to him, debates around diminishing returns from each halving cycle may not fully reflect the current economic climate. The crypto founder pointed out that the most recent halving cycle was impacted by macroeconomic disruptions, such as pandemic-related money printing and global supply chain issues, which may have suppressed Bitcoin’s potential upside. The Blockstream CEO explained that Bitcoin’s previous peak above $73,000 occurred prematurely and should not be treated as the natural top of the last cycle. Instead, he views it as a temporary cap influenced by external economic headwinds. With those obstacles easing and market conditions aligning more favorably, Back argues that a $100,000 valuation for Bitcoin is “too cheap” relative to its true cycle top. Looking forward, the Blockstream co-founder believes Bitcoin could climb significantly higher during this current cycle, projecting a peak in the range of $500,000 to $1 million. This bullish forecast underscores his conviction that institutional adoption, increasing scarcity, and a shifting global economic environment are setting the stage for BTC’s most explosive rally yet. Chart Analysis Suggests BTC Could Hit $124,000 This Week Crypto analysts are also observing strong technical patterns that suggest Bitcoin may be preparing for another significant breakout. IncomeSharks, a prominent market analyst, has projected that BTC could reach $120,000 by the end of the week. His analysis, shared on X social media, is supported by a chart indicating a recovery from recent dips and a potential continuation of the upward trend. Currently, Bitcoin has rebounded from its correction below $108,000 and is now trading above $117,000. IncomeSharks’ chart highlights a “small support break” that has already been recovered, strengthening the bullish case for further price movement. If momentum continues as anticipated, a decisive test of resistance levels near $124,000 appears imminent. Adding to the optimism, market expert Ash Crypto has noted that Bitcoin is experiencing its strongest September in over a decade. Historically, September has often been a bearish month for the cryptocurrency, but this year has shown exceptional resilience. The analyst noted that when BTC closed September in the green, October and November have been “giga bullish.” If this pattern holds, he suggests that the final quarter of 2025 could mark the beginning of a major bull run.

An XRP/BTC long-term chart shared by pseudonymous market technician Dr Cat (@DoctorCatX) points to a delayed—but potentially explosive—upswing for XRP versus Bitcoin, with the analyst arguing that “the next monster leg up” cannot begin before early 2026 if key Ichimoku conditions are to be satisfied on the highest time frames. Posting a two-month (2M) XRP/BTC chart with Ichimoku overlays and date markers for September/October, November/December and January/February, Dr Cat framed the setup around the position of the Chikou Span (CS) relative to price candles and the Tenkan-sen. “Based on the 2M chart I expect the next monster leg up to start no earlier than 2026,” he wrote. “Because the logical time for CS to get free above the candles is Jan/Feb 2026 on an open basis and March 2026 on a close basis, respectively.” XRP/BTC Breakout Window Opens Only In 2026 In Ichimoku methodology, the CS—price shifted back 26 periods—clearing above historical candles and the Tenkan-sen (conversion line) is used to confirm the transition from equilibrium to trending conditions. That threshold, in Dr Cat’s view, hinges on XRP/BTC defending roughly 2,442 sats (0.00002442 BTC). “As you see, the price needs to hold 2442 so that CS is both above the candles and Tenkan Sen,” he said. Should that condition be met, the analyst sees the market “logically” targeting the next major resistance band first around ~7,000 sats, with an extended 2026 objective in a 7,000–12,000 sats corridor on the highest time frames. “If that happens, solely looking at the 2M timeframe the logical thing is to attack the next resistance at ~7K,” he wrote, before adding: “Otherwise on highest timeframes everything still looks excellent and points to 7K–12K in 2026, until further notice.” The roadmap is not without nearer-term risks. Dr Cat flagged a developing signal on the weekly Ichimoku cloud: “One more thing to keep an eye on till then: the weekly chart. Which, if doesn’t renew the yearly high by November/December will get a bearish kumo twist. Which still may not be the end of the world but still deserves attention. So one more evaluation is needed at late 2025 I guess.” A bearish kumo twist—when Senkou Span A crosses below Senkou Span B—can foreshadow a medium-term loss of momentum or a period of consolidation before trend resumption. The discussion quickly turned to the real-world impact of the satoshi-denominated targets. When asked what ~7,000 sats might mean in dollar terms, the analyst cautioned that the conversion floats with Bitcoin’s price but offered a rough yardstick for today’s market. “In current BTC prices are roughly $7.8,” he replied. The figure is illustrative rather than predictive: XRP’s USD price at any future XRP/BTC level will depend on BTC’s own USD value at that time. The posted chart—which annotates the likely windows for CS clearance as “Jan/Feb open CS free” and “March close” following interim checkpoints in September/October and November/December—underscores the time-based nature of the call. On multi-month Ichimoku settings, the lagging span has to “work off” past price structure before a clean upside trend confirmation is possible; forcing the move earlier would, in this framework, risk a rejection back into the cloud or beneath the Tenkan-sen. Contextually, XRP/BTC has been basing in a broad range since early 2024 after a multi-year downtrend from the 2021 peak, with intermittent upside probes failing to reclaim the more consequential resistances that sit thousands of sats higher. The 2,442-sats area Dr Cat highlights aligns with the need to keep the lagging span above both contemporaneous price and the conversion line, a condition that tends to reduce whipsaws on very high time frames. Whether the market ultimately delivers the 7,000–12,000 sats advance in 2026 will, by this read, depend on two things: XRP/BTC’s ability to hold above the ~2,442-sats pivot as the calendar turns through early 2026, and the weekly chart avoiding or quickly invalidating a bearish kumo twist if new yearly highs are not set before November/December. “If that happens… the logical thing is to attack the next resistance at ~7K,” Dr Cat concludes, while stressing that the weekly cloud still “deserves attention.” As with any Ichimoku-driven thesis, the emphasis is on alignment across time frames and the interaction of price with the system’s five lines—Tenkan-sen, Kijun-sen, Senkou Spans A and B (the “kumo” cloud), and the Chikou Span. Dr Cat’s thread leans on the lagging span mechanics to explain why an earlier “monster leg” is statistically less likely, and why the second half of 2025 will be a critical checkpoint before any 2026 trend attempt. For now, the takeaway is a timeline rather than an imminent trigger: the analyst’s base case defers any outsized XRP outperformance versus Bitcoin until after the CS clears historical overhead in early 2026, with interim monitoring of the weekly cloud into year-end. As he summed up, “On highest timeframes everything still looks excellent… until further notice.” At press time, XRP traded at $3.119.

Gold prices are declining for the second consecutive day from record highs after volatility triggered by the Fed's actions. For the second day in a row, gold prices are retreating from record highs after volatility sparked by the Fed's moves. The metal broke below $3658 and the 50-period Simple Moving Average (SMA) on the 4-hour chart, shifting momentum to the downside. This opens the way toward the psychological level of $3600, with stronger support seen in the $3565–3578 level, where the 100-SMA on the 4-hour chart is located. The $3658 level, together with the 50-period SMA, now acts as resistance, capping any rebound attempts from current levels. A breakout above this zone would pave the way for another test of the $3700–$3707 level. A decisive move beyond the record high would trigger continuation of the bullish trend. The Relative Strength Index (RSI) remains in negative territory on the 4-hour chart, reinforcing the bearish momentum. If gold fails to recover above $3658, near-term risks remain skewed to further downside. However, it is worth noting that this is a short-term development, as oscillators on the daily chart remain in positive territory, retreating from overbought conditions, which keeps the broader outlook for gold tilted to the upside. The material has been provided by InstaForex Company - www.instaforex.com

Gold and Silver are subject to immediate pressure as the US Dollar regains strength and reputation after yesterday's FOMC meeting. The challenged independence of the Fed was a major driver behind the immense rally metals enjoyed from late August into early September, as Powell’s shift in tone from the Jackson Hole conference cast doubt on the Fed’s consistency amid still high inflation. Yet the dovish stance advocated by Bowman and Waller, seen as President Trump's protege-appointees ahead of the Sep FOMC—was vindicated by subsequent NFP misses and the downward revisions in BLS data. This is leading to the Federal Reserve regaining back some of its lost confidence throughout the past few months. Dollar Index and Metals comparative Performance since beginning August, September 18, 2025 – Source: TradingView Silver rallied 18.67% from its July 31st trough to its Tuesday peak, while Gold surged from $3,268 on July 30th to fresh all-time highs at $3,707. Despite the ongoing pullback, prices remain near their highs. Still, the balance is tilting towards a more neutral trend: With Powell delivering a less dovish message than markets had priced in, the renewed resilience of the US Dollar could set the stage for tighter price action ahead. Let's dive into two timeframe charts for both Gold (XAU/USD) and Silver (XAG/USD) to see where the current trading takes us and where to look going forward. Read More:US Stock Market rally: Fed’s 25 bps cut, Nvidia-Intel Deal, and strong Jobless Claims fuel gainsNZDUSD weakens sharply after the FOMC, losing 2% in two daysUSD/CAD Outlook: Head and Shoulder Pattern in Play as Fundamentals Provide Interesting DilemmaGold and Silver two-timeframe pictureGold (XAUUSD) Daily Chart Gold (XAUUSD) Daily Chart, September 18, 2025 – Source: TradingView Gold responded remarkably to the technical-Fibonacci induced resistance mentioned in our most recent Gold analysis. We precedently expressed how overbought levels don't imply tops, particularly amid strong performance and momentum. However, Daily RSI is starting to shape downwards and may not help to sustain the current levels. There is still an ongoing consolidation that is happening from the intermediate lows, which demands a closer look. Gold (XAUUSD) 2H Chart and levels Gold (XAUUSD) 2H Chart, September 18, 2025 – Source: TradingView Selling momentum is currently stalling but the bigger timeframe outlook is showing signs of slowdown within the current trend, particularly when seeing the broken upward trendline that led to the new $3,707 All-time Highs. Look for breakouts either above or below the Micro support and resistance zones, with their levels detailed just below. Levels of interest for Gold trading:Support: Micro support $3,620 to $3,630Previous ATH and now long-term Pivot around $3,500 (+/- $15)Previous Range Highs $3,400 to $3,450 (minor support)$3,300 Major Support$3,000 Main psychological levelResistance and potential technical targets (due to all-time highs, can only use potential targets): Micro resistance $3,660 to $3,675FOMC and All-time highs Highs $3,707Fibonacci-Extension 1 from April Lows to April highs ($3,640 to $3,705) (Immediate resistance)Potential, Fibonacci-Extension 2 from 2018 to Oct 2024 induced target: $3,750 to $3,815 (Purple square on Weekly)Silver (XAGUSD) Daily Chart Silver (XAGUSD) Daily Chart, September 18, 2025 – Source: TradingView Since our most recent Silver Analysis, prices did effectively break out of its daily upward channel but found technical resistance (to complement the fundamental resistance) at the higher bound of the Higher timeframe channel (in Blue). Look at the Daily RSI also showing some type of divergence – Overall, despite the action still hanging at the highs, it looks like some intermediate correction might come into play. Let's have a closer look. Silver (XAGUSD) 2H Chart and levels Silver (XAGUSD) 2H Chart, September 18, 2025 – Source: TradingView The selling from this yesterday to this morning's session has stalled a bit and short-term momentum is back to neutral. Prices are now contained between an short-term resistance and support zone, in the ongoing $41.20 to $42 range. Levels to watch for Silver (XAG) trading: Resistance Levels: $42 psychological level and micro-resistance50-Period MA 50 42.17$43 to $44 resistance (Most recent peak $42.97)August 2011 $44.25 topSupport Levels: Micro resistance around $41.20$39.50 to $40 key pivot zone$38.75 to $39 Key levels2012 Highs Support around 37.50 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.

Bitcoin is targeting the $118,000 level, reigniting bullish momentum and fueling speculation of a potential push toward a new all-time high. With buyers regaining control after recent volatility, this breakout could open the path toward $120,000 and beyond. Pullback Seen As Final Shakeout Before Rally Crypto VIP Signal, in a recent update, pointed out that Bitcoin experienced a sharp pullback yesterday after news of a rate cut, coupled with remarks from Jerome Powell, triggered a wave of volatility. The decline caught the attention of traders across the market, but the expert’s analysis suggests that this movement is more likely a final shakeout rather than the start of a broader correction. Interestingly, despite the pullback, Bitcoin has quickly shown signs of resilience. This recovery suggests that the underlying demand for BTC remains intact, and market participants are still confident about its bullish trajectory. Crypto VIP Signal emphasized that the most critical level to watch in the short term is $118,000. A successful breakout above this resistance would serve as a strong bullish confirmation, potentially accelerating the rally toward $120,000. If achieved, this would not only mark another key milestone but also signal that Bitcoin remains firmly within a bullish cycle, raising the likelihood of a new all-time high on the horizon. Bitcoin Bollinger Bands Signal Possible Path To $120,000 Based on the latest BTC update from EGRAG CRYPTO, the bullish outlook for Bitcoin is being reinforced by key technical indicators. The report highlights that a decisive close above the middle upper section of the Bollinger Bands (BB) could be the catalyst needed to propel the price higher. Analysts often interpret this technical formation as a sign of building momentum and can spark a breakout from a period of consolidation. If Bitcoin successfully achieves this, it would pave the way for a run toward the significant $120,000 resistance level. The update paints a highly optimistic picture for the short term, suggesting that a new record could be within reach. According to EGRAG CRYPTO, should BTC manage to break through and sustain a price above $120,000 today, it may set a new all-time high. Basically, this milestone might trigger a fresh wave of investor excitement and market liquidity as the price moves into uncharted territory. Despite the strong bullish sentiment, the analysis includes a critical warning for traders. The $117,300 mark is identified as a crucial level to watch. If the price encounters a strong rejection at this point, it could trigger a temporary reversal to the $113,300 support level.

On Thursday, the Japanese yen took a defensive stance against the U.S. dollar. The USD/JPY pair is rising for the second straight day, recovering after briefly dropping to its lowest level since July 7, immediately following the Federal Reserve's rate decision. At the time of writing, the pair is trading near the psychological level of 148.00, up nearly 0.75% on the day. This strength is driven by dollar gains, while traders await two key events on Friday: Japan's national Consumer Price Index (CPI) and the Bank of Japan's final rate decision. The Bank of Japan is expected to keep its benchmark rate at 0.50%, with investor focus on Governor Kazuo Ueda's outlook. The Japanese economy has shown resilience: Q2 GDP was revised to an annualized growth of 2.2%, and the output gap turned positive for the first time since 2023 (+0.3%), signaling a recovery in domestic demand. Inflation remains above target, with key indicators holding around 3%, despite projections of a gradual slowdown to 2% over the next year. Despite stronger growth and above-target inflation, the BoJ is unlikely to rush into tightening monetary policy. Real wages remain under pressure, limiting household consumption, while increased political uncertainty following Prime Minister Shigeru Ishiba's resignation reinforces expectations for cautious central bank action. October and December remain potential dates for a rate hike. Friday's CPI report for August will be decisive in assessing inflationary pressures. In July, annual inflation eased to 3.1% from 3.3% in June. The core index, excluding fresh food, also fell from 3.3% to 3.1% and is forecast to decline further to 2.7% in August, pointing to easing core inflation. Meanwhile, the index excluding food and energy remained stable at 3.4% in June and July, highlighting persistent domestic price pressures. Against this backdrop, the policy divergence remains central. The Fed cut interest rates by 25 basis points for the first time since December 2024, while the BoJ maintains a more cautious stance, keeping policy unchanged but leaving the door open to future tightening as inflation stays above target. From a technical perspective, the breakout above horizontal resistance at 147.50 and the round level of 148.00 favored the bulls, but the pair failed to sustain gains above that level. Still, oscillators have turned positive, confirming an upbeat outlook. Holding above 148.00 would open the way toward the 200-day Simple Moving Average (SMA), currently near 148.70, before testing the 149.00 round level. On the other hand, support is seen near 147.50 ahead of the 147.00 psychological level. A decisive break below this zone would pave the way for deeper losses. The material has been provided by InstaForex Company - www.instaforex.com

On Thursday, the euro began the North American session with a 0.2% gain against the U.S. dollar, recovering part of the positions lost earlier during European trading. The EUR/USD pair is paying little attention to the persistent political instability in France. The political situation in France remains a significant source of uncertainty, with French 10-year government bond yields now exceeding Italian equivalents. The new prime minister is struggling to secure support from the Socialist Party, while hardline remarks by National Rally leader Marine Le Pen on Wednesday fueled speculation about the potential dissolution of parliament or even the resignation of President Macron. As for the U.S. dollar, the dollar index, which tracks the currency against a basket of six major counterparts, shows slight gains after a sharp rebound from this year's new low of 96.14, reached immediately after the Federal Reserve's rate decision. The index is now fluctuating in the 97.40–97.50 level.On Wednesday, the Fed cut its benchmark rate for the first time since December, lowering it by 25 basis points to a target range of 4.00–4.25%. This move had largely been priced in, so market attention shifted to the updated dot plot and Fed Chair Jerome Powell's press conference. The median rate projection for 2025 declined, pointing to an additional 50 basis points of easing to 3.50–3.75% by year-end. Projections for 2026 and 2027 were also revised down to 3.4% and 3.1%, before stabilizing around 3.0%. At the press conference, Powell described the move as a "risk-management rate cut," emphasizing that monetary policy "is not on a preset course" and will be decided "meeting by meeting." He noted that the balance of risks had shifted compared with the start of the year: weakening employment now offsets persistent inflationary pressure. Reaffirming the Fed's commitment to restoring inflation to 2%, Powell stressed there was no broad support for a larger 50-basis-point cut and said the central bank saw no need to rush decisions on rates. Powell's cautious comments helped the dollar strengthen, as traders scaled back expectations for rapid rate cuts. The dollar also found support from fresh U.S. economic data on Thursday: initial jobless claims fell to 231,000 for the week ending September 13, beating forecasts of 240,000. The previous week's figure was revised upward from 263,000 to 264,000. In addition, the Philadelphia Fed manufacturing index for September surged to 23.2, far above expectations of 2.3 and rebounding from -0.3 in August. From a technical perspective, daily chart oscillators are positive, prices are still trading above the 9-day EMA and above the 1.1770 level. The 9-day EMA also remains above the 14-day EMA, confirming the positive outlook for now. Despite the recent pullback erasing much of the bullish momentum, indicators have not yet confirmed a bearish shift. The table below shows the percentage change of the U.S. dollar against major currencies today. The U.S. dollar was strongest against the New Zealand dollar. The material has been provided by InstaForex Company - www.instaforex.com