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Anglo American’s (LON: AAL) chief executive officer Duncan Wanblad said Botswana’s government will join negotiations with one or two shortlisted bidders for De Beers, as the mining giant moves to sell its 85% stake in the diamond producer. “This isn’t going to be the classical first round, second round sale process that you would ordinarily receive for businesses of this type,” Wanblad told the Financial Times at the the publication’s annual Mining Summit. Anglo will hold direct talks with selected bidders alongside Botswana, which owns 15% of De Beers through its Debswana joint venture. Wanblad said he expects the sale process to conclude within six months but did not rule out spinning off De Beers if negotiations fail. The government’s participation marks a shift in tone after President, Duma Boko, criticized Anglo’s handling of De Beers and said his administration could run it more effectively. De Beers swung to a $189 million loss in the first half of 2025 from a $300 million profit a year earlier amid weak diamond prices, adding pressure for a deal. Anglo values De Beers at about $5 billion, though analysts at UBS estimate the sale could generate between $3 billion and $4 billion, including deferred payments, given challenging market conditions. Pan-African consortium Angola’s state-owned Endiama has reportedly bid for a minority stake, proposing a pan-African consortium of diamond-producing nations to co-own De Beers. The two companies have partnered since 2022, when they signed and later expanded exploration and processing agreements. Their collaboration led to Angola’s first major kimberlite discovery in more than 30 years this August. De Beers has also drawn interest from at least six consortia, including billionaire Anil Agarwal, Indian firms KGK Group and Kapu Gems, and Qatari funds. Wanblad said Anglo was under no obligation to accept any offer but welcomed growing regional interest. “It’s really positive news that the government of Angola has expressed an interest in taking some ownership,” he said. “We’re taking all of this into the mix and working through what’s best for the business, for Anglo, and for Botswana.” Feriel Zerouki exit In a separate development, De Beers executive Feriel Zerouki announced she will step down as chief trade and industry officer and leave the executive committee at the end of October. Zerouki, who joined De Beers in 2005, played a leading role in advancing ethical sourcing and transparency across the diamond supply chain.

Until recently, most developers viewed the Ethereum mainnet as this unscalable yet irresistibly attractive layer on which it was impossible to launch a functional perpetual DEX. Ethereum has everything. It is the second most valuable network after Bitcoin and the first smart contracts platform. After dYdX, there has been no other major perpetual DEX on Ethereum until Lighter took over from Q3 2025. Lighter is moving numbers; big numbers taking on top centralized exchanges, and soon Binance. As of October 9, Lighter generated over $8.5Bn in trading volume in 24 hours. On this platform, traders are placing leveraged positions. Cumulatively, there is over $2.2Bn in open interest placed on 91 different pairs, some enabling the trading of some of the best cryptos to buy. (Source: Coingecko) As expected, over 50% of all trading volume is associated with Bitcoin, while 20% is from the ETH USDC pair. Although BNB crypto is the third most valuable crypto when writing, traders are placing more HYPE and SOL trades than BNB. Market Cap 24h 7d 30d 1y All Time DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 What Makes Lighter DEX Super Attractive If you are just any other retail trader, the first thing you will want to know is the fee paid when looking to clip gains, even from the top Solana meme coins. On Binance, placing a market order means paying a total fee of 0.08%: 0.04% to open and another 0.04% to close. This charge is outrageously high. The success of Lighter, the observer added, is “bullish for Ethereum appchains.” DISCOVER: 10+ Next Crypto to 100X In 2025 Lighter TVL Up 2000X In 6 Months: Missing Link In Ethereum? Ethereum is the source of all DeFi primitives The first smart contracts platform missed a high-volume perpetual DEX Lighter TVL up 2000X from late March 2025 Is Lighter the missing link in Ethereum? The post Lighter TVL Up 2000X In 6 Months: Is This Perp DEX The Missing Link In Ethereum? appeared first on 99Bitcoins.

Arthur Hayes argues that Bitcoin’s widely cited four-year halving cycle has broken down and that macro liquidity—not protocol mechanics—will dictate the next leg of the market. In a new essay titled “Long Live the King!” published on October 9, 2025, the BitMEX co-founder contends that policy choices in Washington and Beijing are setting up a structurally easier money regime that should keep pushing BTC higher, even as many traders look for a textbook cycle peak. “The four-year anniversary of this fourth cycle is upon us,” he writes, but those applying the old pattern “miss why it will fail this time.” The 4-Year Bitcoin Cycle Is Dead Hayes’ framework is explicit: the price of money and its quantity are the dominant variables for risk assets, and Bitcoin’s USD value rises and falls with dollar liquidity. “Bitcoin in the current state of human civilization is the best form of money ever created,” he says, yet its dollar price “will ebb and flow ‌because of the price and supply of dollars.” He extends the lens to China, arguing that the yuan credit impulse has historically amplified or dampened crypto cycles alongside US conditions. To make the case that halving-anchored timing is obsolete, Hayes revisits four eras and links each to turning points in dollar and yuan liquidity. The “Genesis Cycle” (2009–2013) rode post-GFC quantitative easing and a surge in Chinese credit until both decelerated into 2013, “popp[ing] the Bitcoin bubble.” The “ICO Cycle” (2013–2017) was powered less by dollars than by “a fuck ton of yuan sloshing around the global money markets,” as the China credit impulse spiked in 2015 amid a yuan devaluation, before tightening and higher U.S. rates ended the run. The “COVID Hoax” period (2017–2021)—Hayes’ label for the pandemic-era policy response—saw “helicopter money” under President Donald Trump and a rapid doubling of dollar supply with rates pinned at zero, propelling all risk assets, including crypto, until inflation forced tightening in late 2021. In the current “New World Order” phase (2021–?), Hayes argues that liquidity plumbing, not halvings, explains Bitcoin’s resilience. He highlights the US Treasury’s issuance tilt toward short-dated bills, which drained the Fed’s reverse repo facility and “unleashed ~$2.5 trillion of liquidity into the markets,” and he characterizes this as a political choice to “run the economy hot.” He links the macro pivot directly to today’s setup: “The Fed resumed cutting interest rates in September even though inflation is above its own target,” while the administration seeks to “lower the cost of housing” and loosen bank regulation to spur lending to “critical industries.” In Hayes’ reading, the policy signals are unambiguous: “money shall be cheaper and more plentiful.” China, in his view, won’t reprise the extreme credit surges of 2009 or 2015, but it also won’t be a headwind. While Beijing grappled with deflationary pressure and a property-sector reckoning, Hayes expects pragmatism to prevail: “When the economic pressure proves too intense… Chinese policymakers print money.” The upshot, he says, is that China may not drive global fiat creation, “but it won’t hinder it either.” The unifying thesis is that cycles have always been monetary cycles wearing different masks. Bitcoin’s earlier peaks coincided with decelerating dollar and yuan liquidity; its latest advance reflects a new alignment of political priorities with easier money, regardless of the halving calendar. Hayes puts it bluntly: “Listen to our monetary masters in Washington and Beijing. They clearly state that money shall be cheaper and more plentiful. Therefore, Bitcoin continues to rise in anticipation of this highly probable future.” His closing line distills the claim to a coronation metaphor: “The king is dead, long live the king!” At press time, BTC traded at $122,147.

European gas prices stay near 30–32 euro per MWh despite the upcoming heating season.High storage levels and strong LNG inflows from the U.S. keep the market stable.China’s weaker LNG demand reduces global price pressure.Risks ahead include Norwegian production outages and possible winter cold pushing prices toward 40 euro per MWh. Despite the approaching heating season, natural gas prices in Europe remain near a yearly low — around 30–32 euros per megawatt-hour (MWh). The persistence of such low levels results primarily from high storage inventories and strong inflows of liquefied natural gas (LNG) from the United States. In addition, lower demand for LNG in China — offset by an increase in pipeline gas deliveries from Russia — has reduced competition and thus eased price pressure on the European market. Chart of the European TTF natural gas futures contract, daily data, source: Bloomberg High storage levels and steady prices Since the end of June, the benchmark TTF price has remained around 30–32 euros per MWh, even as the heating season approaches. In the spring, the situation was much more “tense.” After a cold winter, European gas storage facilities were filled to only 33 percent, it means 25 percentage points lower than the year before. However, thanks to increased LNG imports in the second quarter, storage levels rose to about 80–82 percent, significantly reducing the risk of shortage. U.S. LNG exports play a key role The United States has played a key role in stabilizing the market. After the launch of new export terminals, American LNG exports increased by nearly 20 percent in the first half of the year compared to the same period last year. For the full year, growth is expected to reach as much as 25 percent. Rising supply from the U.S. is helping the European Union gradually move away from Russian gas, whose imports are now planned to end completely by 2027 — one year earlier than previously projected. China’s weaker LNG demand eases global pressure At the same time, Chinese LNG imports fell by 17 percent in the first eight months of the year, and in September they may decline by another 20 percent year-on-year. This results from weaker domestic demand and increased pipeline gas supplies, mainly from Russia, which is redirecting part of its exports from Europe to Asia. Risks ahead: Norway and the weather factor Despite the current stability, it is likely that European gas prices will start rising again in the coming months. Although storage levels are high, they remain slightly below the multi-year average, and another risk factor is the ongoing production outages in Norway, particularly at the Troll field. Outlook: prices may climb by year-end If temperatures in Europe start to drop rapidly and industrial gas demand continues to recover, the market balance could shift. In such a scenario, TTF contract prices could rise — possibly reaching 40 euros per MWh by the end of the year. 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.

About 6.4 million tonnes of copper production capacity, equal to more than 25% of global mine output, is stalled or suspended due to environmental, social, and governance (ESG), a new study shows. These bottlenecks, unlike geological or technical barriers, stem from conflicts that could be resolved through stronger governance, deeper community engagement, and more sustainable practices, according to analysts at GEM Mining Consulting. The findings come as demand for copper continues to surge, driven by electrification, renewable energy growth, and the digital economy. Countries including Chile, Peru and the United States hold some of the largest reserves now off the market. Unlocking even a fraction of these projects could ease looming supply shortages during the energy transition, Patricio Faúndez, head of economics at GEM, says. Source: GEM Mining Consulting.(Own elaboration based on various public sources). Peru accounts for the largest share of unproduced copper, roughly 31% or 1.8 million tonnes annually, followed by the US with 0.8 million tonnes, Chile with 0.7 million tonnes, and Argentina and Papua New Guinea (PNG) with about 0.6 million tonnes each. Peru’s halted output nearly matches its current annual production. If released, the country could reclaim its position as the world’s second-largest copper producer, surpassing the Democratic Republic of Congo with more than 4 million tonnes per year, the study notes. Source: GEM Mining Consulting.(Own elaboration based on various public sources). In the US, restarting suspended projects could narrow the gap between domestic production and rising consumption, strengthening supply security and reducing import dependence. In Chile, the stalled copper could finally break a decades-long production ceiling of around 5.5 million tonnes per year, pushing output beyond 6 million tonnes and reinforcing the country’s leadership in global supply. Three telling cases Among the 33 projects paralyzed by ESG factors, three stand out: La Granja in Peru, Resolution Copper in the US, and El Pachón in Argentina. La Granja, owned by Rio Tinto (ASX: RIO) and First Quantum Minerals (TSX: FM), has faced community opposition over alleged contamination and land use since 2006. Despite regulatory approvals, the project — ranked as the world’s fifth-largest copper deposit — remains blocked by public distrust. In Arizona, Rio Tinto’s Resolution Copper project has been stalled for more than two decades due to Indigenous and environmental opposition over the sacred Oak Flat site, located in federally owned land. Resolution Copper has faced Indigenous and environmental opposition over the sacred Oak Flat site. (Image by Wendy Kenin |Flickr Commons.) El Pachón in Argentina, held by Glencore (LON: GLEN), has been delayed by glacier-protection rules and permitting hurdles, though new incentives under President Javier Milei’s RIGI regime may revive development. GEM’s report does not mention an iconic copper mine that has remained idled since November 2023: First Quantum’s Cobre Panamá. Before Panama’s Supreme Court declared the mine’s operating contract illegal and forced it to shut down, ranked among the world’s largest copper producers, yielding 350,000 tonnes in 2022, its final full year of operations. The mine contributed about 5% of Panama’s GDP, and First Quantum estimates the suspension has cost the country up to $1.7 billion in lost economic activity. Perfect storm Panguna in Papua New Guinea stands as a stark reminder of how ESG concerns, such as water use, biodiversity loss, Indigenous rights, consultation failures and local protests can collide. Once one of the world’s largest copper-gold mines, the mine operated by Rio Tinto’s unit by Bougainville Copper, closed in 1989 after a violent civil conflict over environmental destruction and inequitable profit sharing. More than three decades later, redevelopment remains uncertain. While some projects may eventually progress, Faúndez warns that many remain frozen for years, out of sync with surging demand. Rebuilding trust, enforcing higher environmental standards, and stabilizing governance, he said, will be crucial to unlocking the copper needed for the global energy transition.

It is natural for traders to fade the trend. Seeking value, one expects that elevated prices after a steep uptrend mean overpriced and low prices after a big correction always mean underpriced. Looking for value is something natural for the Homo Economicus. When we go to the store, we are looking for discounts. But with Markets, discounts don't always translate well with good trades. The steep uptrend in EURUSD from January to the 1st of July brought the pair from 1.01 (close to parity) to 1.18 in a spectacular move. Those who bet on a reversal then initially got proven right, with the pair falling 4,000 pips during the same month. But, those who were expecting a full downtrend to form got met with a huge rebound. From end-July to the September FOMC meeting, the pair actually consolidated and went to break new yearly highs – Currently at 1.19188. Such a strong uptrend usually leaves banks and algorithms looking for spots to re-enter the trend. These strong flows lead to consolidation and continuation of the trend. Now turning to today – A bearish divergence double-top made at the new yearly highs is following with what resembles a longer-run correction. The lesson ? Strong trends often don't reverse in one shot – Double tops tend to be more accurate signals and the same works on all timeframes. Let's explore a multi-timeframe EUR/USD analysis to look into the details. Read More: Weakness showdown: NZD vs JPY in the FX marketsNorth American mid-week Market update – US-Canada deal approachingWho said that the USD and Gold can't rally together? 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.

So, gold just became the main character again. The world is a hot mess right now. There’s a new war starting every other day, the central banks are tweaking rates like it’s nothing, and the boomers are hoarding gold like it’s 2008. Add to this some inflation and a weak dollar, and boom, the gold price is now $4,000. Basically, the world is now Golum and gold is its precious. (Source: Tradingview) What we are seeing here is a domino effect taking hold. The first domino fell with the Ukraine-Russia and Israel-Gaza wars that drove investors towards gold as a hedge against instability. A cooling job market and inflation in the US had people expecting rate cuts from the Federal Reserve (FED), which made yield-bearing assets like bonds less attractive and boosted the demand for non-yielding assets like gold. Gold has been the mainstay of the traditional finance system for years. It is usually more stable than Bitcoin, which can swing more in the short term. But in 2025, both assets are climbing together. Gold is up 50% this year, and Bitcoin 33%. This highlights the case for Bitcoin as the Digital gold and also underscores that both assets are reacting similarly to economic forces. EXPLORE: Best New Cryptocurrencies to Invest in 2025 Tokenised Gold Pops Off Amid Dollar Debasement Fears With the dollar steadily losing credibility, there’s a new movement unfolding on the blockchain: the rise of tokenised gold. In the past couple of months, investors have been steadily investing in blockchain-based representations of physical gold, such as Tether Gold (XAUT) and Paxos Gold (PAXG). This is a cool way to hedge against volatility while staying within the digital ecosystem. (Source: CoinGecko) According to RWA.xyz’s data, the number of crypto wallets holding tokenised gold has shot up by 53%. $3 billion worth of these tokens are currently in circulation. (Source: RWA.xyz) Tether Gold, the biggest player in this segment, has grown its supply by 52%. Paxos Gold isn’t too far behind with a 50% increase. (Source: DefiLlama) These tokens are backed 1:1 by real bullion and offer the stability of gold with the flexibility of crypto. Because they live on the blockchain, people can use them in lending platforms or put them up as collateral on DeFi without needing to move off-chain. This also points to the broader shift and appetite for RWA tokenisation, where traditional stores of value are being reimagined and moved on-chain for 24/7 markets. EXPLORE: 9+ Best Memecoin to Buy in 2025 Key Takeaways Global instability, rate cuts, and a weak dollar triggered gold’s explosive $4,000 breakout Bitcoin may follow gold’s lead, with analysts predicting stronger performance in Q4 Tokenised gold is booming as investors seek stable, blockchain-based hedges against fiat debasement The post Gold Price Hits $4K ATH, Leaves Nasdaq In The Dust — Is the Bull Cycle Toast? appeared first on 99Bitcoins.

According to reports, Dogecoin faced a pullback this week even as signs of buying interest appeared on charts and in corporate coffers. DOGE traded at $0.251 at the time of reporting, down 4.8% over the past 24 hours but up 2.5% for the last seven days. The coin opened the week near $0.27 and slipped under $0.25 as sellers pressured the market. CleanCore Expands Dogecoin Treasury Reports have disclosed that CleanCore Solutions has been adding to its Dogecoin holdings and now holds more than 710 million DOGE as part of a plan to reach a one-billion coin target. The company’s treasury shows over $20 million in unrealized gains. CleanCore said the buildup follows a $175 million private placement completed on September 5, 2025, and that Bitstamp by Robinhood is its chosen trading venue for the purchases. The Dogecoin Foundation and House of Doge are listed as partners in the broader initiative. Trader Spots Repeating Setup On 4-Hour Chart According to an X post by analyst Trader Tardigrade, the four-hour chart shows a “nice” pattern that has appeared more than once this month. The set up involves two failed rally attempts where price climbed toward resistance but fell back, each time finding support on a rising trendline. The recent pattern began around October 4 after DOGE slid from about $0.26. Bulls pushed prices above $0.27 on October 6, but the move did not hold and the token again returned to trendline support. A Pattern With Earlier Echoes Based on reports, the same sequence showed up in late September. That episode started near $0.22 on September 26, where an initial rally stalled at about $0.234 and then retreated to support by September 28. A second try ended just above $0.235 on September 29. Price then found footing near the trendline and climbed from roughly $0.22 on September 30 to about $0.26 by October 3. The repeated failure to break support in both stretches is being read by some as evidence of steady bids at those levels. Outlook And What To Watch Market watchers say the key lines to follow are the rising support line identified by Tardigrade and the resistance zone near $0.27. A sustained move above that level would be seen as bullish by traders who use the four-hour timeframe. Conversely, a break below the trendline would remove a short-term floor that has held during the two prior episodes. CleanCore’s ongoing accumulation is being tracked by observers who note that large buyers can change market dynamics when they buy on dips. Taken together, the chart pattern and the corporate buying give investors two ways to read the market: one is technical and favors a possible repeat of late-September strength; the other is structural and looks at steady accumulation by an institutional treasury. For now, DOGE’s mixed daily numbers show that momentum is fragile, even though both the chart and the reported treasury moves point to persistent demand at certain price levels. Featured image from OlesyaNickolaeva/Shutterstock.com, chart from TradingView

Amid the calls for new all-time highs for Bitcoin, one analyst is going against the trend and calling a crash. The prediction not only expects Bitcoin to break below the $100,000 level, which many believe was already left in the past, but to actually fall by more than 60% from here. The analysis, which depicts a flash crash, shows a possible price reversal into levels not seen in years. Entering A Bitcoin Short With Conviction The crypto analyst who goes by the pseudonym Dick Dandy revealed that their next move was to enter into a Bitcoin short position between $121,400 and $121,700. However, the more interesting part is the take-profit targets that Dandy set for this position. First of these lies at the $105,700 level, moving down all the way through to $85,800. From here, the crypto analyst expects the Bitcoin price to continue to crash until it falls below $50,000 and registers prices not seen since 2024. Falling to the $43,900 target would mean an over 60% decline in the price, but the analyst expects Bitcoin to crash further. With the possibility that Bitcoin could see a recovery from $35,000, the analyst explains that they plan to open a long position to hedge their short. But maintains their belief in the fact that the Bitcoin price will continue to decline. Ultimately, Dandy believes that the Bitcoin price will eventually reach $10,000, which is the end of the target. Anatomy Of The Crash Explained In Theory In another post, Dandy explained the theory behind the Bitcoin flash crash as mostly a battle between traders and the market-makers. According to the analyst, market makers essentially enable crypto traders to utilize liquidity to enter leveraged positions. But ultimately, they want their money back while making sure that traders do not profit from their trades. Such cases lead to rapid price movements, which have become known in the market as “stop hunts.” These work to take a large number of traders out of their positions very quickly by liquidating them, essentially returning the liquidity, and then some, back to the market makers. As for why such a large move is possible, the analyst explains that this is because most of Bitcoin’s market cap is all liquidity used for leveraging and derivatives trading. In fact, the analyst believes that the “floor price” of Bitcoin lies around $8,000, taking into account the stable sources and dividing it by the “dispersed amount of bitcoin on the market.” Dandy predicts that this move will happen very quickly, hence terming it a flash crash, and that traders will have very little time to react. “The more sell orders there are, and the greater the quantity of Bitcoin ordered to be sold, the faster price will drop down,” the analyst explained.

Key takeaways Nasdaq 100 hits record high: The index rallied 1.2% on 8 October 2025, reaching a new all-time closing high of 25,137, supported by continued tech sector strength.AI bubble concerns rise: Market chatter grows around US$1 trillion in “AI circular deals” among OpenAI, Nvidia, AMD, and Oracle, sparking valuation worries.Technical outlook remains bullish: The Nasdaq 100 stays within its ascending channel, above the 20-day and 50-day moving averages.Market breadth improves: A rising share of Nasdaq 100 stocks now trades above short- and medium-term moving averages, reinforcing bullish momentum. The Nasdaq 100 rallied by 1.2% on Wednesday, 8 October 2025, and scaled to another fresh all-time closing high of 25,137. All in all, the technology-heavy Nasdaq 100 has started October on a firm footing with a month-to-date gain of 1.35% as of 8 October 2025, trailing just behind the current top performer, the small-cap Russell 2000 (+1.70%) among the major US benchmark stock indices. $1 trillion AI circular deals Fig. 1: AI circular deals among OpenAI, Nvidia, Oracle, AMD & major technology hardware providers (Source: Bloomberg News, 8 Oct 2025) In the recent week, there has been a growing chatter of an Artificial Intelligence (AI) bubble that has formed due to circular deals that involved the generative AI market leader, OpenAI, and other major technology hardware providers, as well as chip makers; Nvidia, AMD, and Oracle Corp, that could amount to US$1 trillion (see Fig. 1). These intertwined deals have revived fears of a bubble and raised questions about whether Nvidia (also the largest component stock in the Nasdaq 100) is investing heavily to prop up the market and keep companies to spending on its products. In addition, OpenAI is still burning cash and does not expect to be cash-flow positive until around 2030. Despite the rising fears of an AI bubble, the technical structure of the Nasdaq 100 remains bullish. Let’s now break down the latest technical analysis elements, short-term trajectory (1 to 3 days), and relevant short-term key levels to watch for the US Nasdaq 100 CFD Index (a proxy of the Nasdaq 100 futures). Fig. 2: US Nasdaq 100 CFD Index minor trend as of 9 Oct 2025 (Source: TradingView) Fig. 3: Market breadth of Nasdaq 100 (% of stocks above 20-day/50-day MA) as of 9 Oct 2025 (Source: TradingView) Preferred trend bias (1-3 days) The medium-term uptrend phase of the US Nasdaq 100 CFD Index remains intact from the 2 September 2025 low of 22,979. Bullish bias above 24,795 short-term pivotal support for the next intermediate resistances to come in at 25,370 and 25,590/25,640 (Fibonacci extension cluster) (see Fig. 2). Key elements The price actions of the US Nasdaq 100 CFD Index have continued to oscillate within a medium-term ascending channel since 2 September 2025 and traded above its 20-day and 50-day moving averages (see Fig. 2).The hourly RSI momentum indicator of the US Nasdaq 100 CFD Index has remained supported by an ascending trendline, which suggests short-term bullish momentum remains intact (see Fig. 2).Market breadth of the Nasdaq 100 has continued to improve. The percentage of Nasdaq 100 component stocks trading above their respective 20-day and 50-day moving averages has increased steadily from 25 September 2025 to 8 September 2025 (% of stocks above 20-day moving averages increased from 46% to 57%, and % of stocks above 50-day moving averages increased from 40% to 55% (see Fig. 3).Alternative trend bias (1 to 3 days) A break below the 24,795 key short-term support on the US Nasdaq 100 CFD Index negates the bullish tone for a minor corrective decline sequence to materialise, exposing the next intermediate supports at 24,620 and 24,380. 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.

Most Read: AUD/USD Forecast: Navigating US Government Shutdown & Technical Signals EUR/USD continued its slide this morning but is trading flat on the day. Yesterday's daily candle close though has broken a long-tern ascending trendline and sets the pair up for a potential move lower. There is a caveat however, the fundamental picture and technical picture are flashing mixed signals. EUR/USD Paints a Mixed Picture EUR/USD seemed poised to test the 1.2000 psychological level heading into the Federal Reserve meeting on September 17. After the meeting the fundamental factors such as monetary policy still seemed to support the idea as well. Many viewed the Federal Reserve meeting and Fed Chair Powell's speech as dovish in nature. However, the fact that the Fed only saw one rate cut in 2026 and 2027 did signal to me that we could see a bit of a reaction in the US dollar. Such a reaction did materialize with the US Dollar Index (DXY) rallying in the 3 days after the FOMC meeting. Since then the DXY has continued its impressive rise and this in part is down to the Fed meeting as well as the US Government shutdown. The lack of high impact data from the US has actually benefitted the greenback. Now the question is will the greenback be able to hold onto its gains once the US government shutdown ends? This question may hold the key to the EUR/USD technical setup below. Technical Analysis - EUR/USD From a technical standpoint, EUR/USD has broken the key confluence level which rests around the 1.16300 area. In doing so the pair saw a daily candle close below the medium-term ascending trendline and hinting at a potential change in trend. The pair is also on course for a fourth successive day of declines as price is current being held back by the 100-day MA which rests at 1.1633. The trendline break hints at a move lower toward the 1.14000 handle and potentially a deeper pullback all the way down to 1.1058 handle. The problem with this setup though is the fundamental picture is at odds with this outlook especially when the US government shutdown ends. Thus the move may not play out smoothly but there is definitely a potential opportunity to keep an eye on. The one concern for now is the period-14 RSI which is currently in oversold territory on the daily timeframe. This could lead to a short-term bounce toward the most recent swing high at 1.1740 or potentially the 50-day MA at 1.1691 before continuing on its downward path. EUR/USD Daily Chart, October 9, 2025 Source: TradingView.com (click to enlarge) Client Sentiment Data - EUR/USD Looking at OANDA client sentiment data and market participants are Short on the EUR/USD with 56% of traders Net-Short. I prefer to take a contrarian view toward crowd sentiment and thus the fact that so many traders are Short means EUR/USD could rise in the near-term. 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.

Canada’s Franco-Nevada (TSX, NYSE: FNV) plans to expand its royalty and streaming business in Australia, chief executive Paul Brink said Thursday, as record-high gold prices fuel fresh investment in the sector. Brink confirmed the Toronto-based firm has made two new hires in Western Australia, signalling its intent to back junior gold developers in the resource-rich state. “The reason that we are hiring is our plan to focus more on Australia,” he told a mining conference in Melbourne. Australia, one of the world’s largest gold producers, is on track to make the metal its second most valuable export this financial year as prices soar to unprecedented levels. Gold hit an all-time high above $4,000 an ounce on Wednesday, marking a 52% surge driven by uncertainty over global trade, U.S. fiscal stability, and concerns about Federal Reserve independence. The rally has unleashed a wave of mergers and acquisitions across the industry, promising bumper profits for producers such as Agnico Eagle (TSX, NYSE: AEM), Barrick (TSX: ABX) (NYSE: B) and Newmont (NYSE: NEM). With operating costs largely fixed, miners have seen higher gold prices translate directly into stronger margins. Gold stocks have outperformed the underlying commodity because, with day-to-day production costs largely fixed, a higher price can translate into pure profit. Pressure to boost shareholder returns has reshaped corporate leadership, with both Newmont and Barrick announcing new chief executives last week. Barrick’s surprise move to replace Mark Bristow was likely “related to stock underperformance versus peers”, Matthew Murphy, analyst at BMO Capital Markets, said in a note. BMO projects that the sector could generate $60 billion in free cash flow next year, forcing executives to decide how best to deploy the coming windfall. (With files from Reuters)

At the moment, the pair has failed to hold above the round level of 1.3400, which it briefly broke during the Asian session. From a technical standpoint, the recent repeated failures near the 100-period Simple Moving Average (SMA) favor the bears in GBP/USD. Moreover, the negative oscillators on the daily chart suggest that any subsequent rise may quickly fade and should be viewed as an opportunity to sell. Therefore, to confirm a broader bullish move, it would be prudent to wait for sustained momentum above the 1.3484 level and above the 100-period SMA before opening long positions. Buying beyond the psychological level of 1.3500 would lift GBP/USD above the supply level at 1.3530–1.3535, paving the way toward the round level of 1.3600. On the other hand, the 1.3370 level may continue to provide support. A break below this level would lead GBP/USD to retest the 1.3330–1.3323 level, or nearly the two-month low reached in September. A further decline below the round level of 1.3300 would act as a new trigger for bears, opening the way to more significant losses. The material has been provided by InstaForex Company - www.instaforex.com

The British pound, euro, and Australian dollar were traded today using the Momentum strategy. I did not trade anything using Mean Reversion. Given the current pressure on risk assets, it is not surprising that the dollar continues its winning growth streak. This is especially evident in pairs with the euro, pound, and Japanese yen. Even positive data on Germany's trade surplus failed to help the euro rise. The European currency remains under the influence of a number of negative factors, including concerns over slowing eurozone economic growth, uncertainty regarding the European Central Bank's future monetary policy, as well as political tensions in the region. Considering the U.S. government shutdown and the absence of new fundamental statistics, the focus in the second half of the day will shift to speeches by Fed officials. A speech from Fed Chair Jerome Powell is expected, which will draw special attention, since more and more FOMC members are taking different positions. Market sentiment will depend on his rhetoric and assessment of the current economic situation. Traders hope to receive clear signals about the Fed's future plans, but given disagreements within the regulator and the lack of key U.S. statistics, it is quite likely that Powell will resort to cautious wording to avoid panic and preserve room for maneuver. In the case of strong statistics, I will rely on the implementation of the Momentum strategy. If the market does not react to the data, I will continue to use the Mean Reversion strategy. Momentum Strategy (breakout) for the second half of the day: EUR/USD Buying on a breakout above 1.1634 may lead to growth toward 1.1661 and 1.1690;Selling on a breakout below 1.1610 may lead to a decline toward 1.1575 and 1.1530.GBP/USD Buying on a breakout above 1.3395 may lead to growth toward 1.3424 and 1.3450;Selling on a breakout below 1.3375 may lead to a decline toward 1.3350 and 1.3326.USD/JPY Buying on a breakout above 152.80 may lead to growth toward 153.20 and 153.45;Selling on a breakout below 152.40 may lead to a decline toward 152.10 and 151.70.Mean Reversion Strategy (rebound) for the second half of the day: EUR/USD Will look for sales after a failed breakout above 1.1644, on a return below this level;Will look for purchases after a failed breakout below 1.1583, on a return above this level. GBP/USD Will look for sales after a failed breakout above 1.3406, on a return below this level;Will look for purchases after a failed breakout below 1.3319, on a return above this level. AUD/USD Will look for sales after a failed breakout above 0.6610, on a return below this level;Will look for purchases after a failed breakout below 0.6565, on a return above this level. USD/CAD Will look for sales after a failed breakout above 1.3970, on a return below this level;Will look for purchases after a failed breakout below 1.3935, on a return above this level.The material has been provided by InstaForex Company - www.instaforex.com

How much is 0.46 Bitcoin to USD? Well, as it stands, that’s $56221.89, almost half a BTC. Why is “0.46 Bitcoin to USD” trending on Google? Who knows. The world is weird. But analyst Peter Brandt believes it’ll be much higher soon. The veteran chartist told Cointelegraph that, based on historical cycle data, “it is reasonable to expect a bull market high any day now.” Brandt, who correctly called .cwp-coin-chart svg path { stroke-width: 0.65 !important; } Bitcoin BTC $121,876.51 0.98% Bitcoin BTC Price $121,876.51 0.98% /24h Volume in 24h $51.73B Price 7d Gold and Bitcoin remain the best-performing major assets of 2025. Since 2020, the US money supply has expanded by 44%, a trend that’s now driving even traditional firms, such as Morgan Stanley, to recommend allocations of up to 4% in BTC for risk-tolerant portfolios. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Data Confirms Institutional Demand and Market Strength Economist Timothy Peterson estimates a 50% chance that Bitcoin will end the month above $140,000, based on decade-long simulations. Meanwhile, Arthur Hayes and Joe Burnett maintain even more aggressive forecasts that we will hit $250,000 BTC by the end of 2025. Brandt’s model says the top could be imminent. But on-chain data, ETF flows, and institutional adoption all hint the opposite: Bitcoin may just be warming up. EXPLORE: Sanae Takaichi Becomes Japan’s First Female Prime Minister – What Her Fiscal Policies Could Mean for Crypto Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The clock is ticking on one of crypto’s longest legal dramas and the XRP price could be ready to rocket. Economist Timothy Peterson estimates a 50% chance Bitcoin ends the month above $140,000, based on decade-long simulations. The post 0.46 Bitcoin to USD: Veteran Trader Peter Brandt Says Bitcoin’s Bull Market Peak Could Arrive Any Day appeared first on 99Bitcoins.

Today, the pair is trying to hold the 1.1625 level, near the 100-day SMA. The ongoing U.S. government shutdown negatively affects the dollar's exchange rate against the single European currency. Later on Thursday, Federal Reserve Chair Jerome Powell is scheduled to speak. It has been nine days since the start of the U.S. government shutdown, which began on October 1 due to Congress's failure to agree on a new budget that should have been approved by September 30. As a result, the Bureau of Labor Statistics and the Bureau of Economic Analysis have stopped collecting data and publishing reports, complicating the Fed's rate-setting decisions and hindering companies' planning. These circumstances could weaken the dollar and support growth in the main currency pair in the near term. The FOMC minutes released on Wednesday from the September meeting showed that most participants supported a rate cut that month and indicated the possibility of further cuts later this year. However, some policymakers expressed caution, citing inflation risks. At the same time, the political crisis in France, following the unexpected resignation of Prime Minister Sebastien Lecornu and his cabinet, may negatively affect the euro. French President Emmanuel Macron, under pressure, is forced to consider calling early parliamentary elections or possibly resigning himself, as his former allies have defected to the opposition and are demanding active measures to stabilize the political situation in the eurozone's second-largest economy. From a technical standpoint, oscillators on the daily chart are negative, and the pair is struggling to hold the 1.1625 level near the 100-day SMA. If prices fail to hold this level and drop below the round level of 1.1600, bulls will lose the strength to fight. The nearest resistance for the pair is at 1.1650; a break above it would open the way toward the round level of 1.1700, which lies just above the 50-day SMA. But as long as the oscillators on the daily chart remain negative, the path of least resistance for the pair is downward. The material has been provided by InstaForex Company - www.instaforex.com

Today, Thursday, the EUR/GBP pair nearly reached the round level of 0.8700. The euro strengthened against the British pound amid expectations that French President Emmanuel Macron will appoint a new prime minister within the next 48 hours. Later in the day, the European Central Bank will release its monetary policy meeting report, and ECB member Philip Lane is scheduled to speak. The political crisis in France, triggered by the unexpected resignation of Prime Minister Sebastien Lecornu and his cabinet, pressured the euro during the previous session. On Wednesday, President Emmanuel Macron stated that within the next 48 hours he would once again attempt to appoint a new prime minister and put an end to the country's instability. This statement is currently supporting the euro, but the ongoing political uncertainty in France could limit further growth of the pair. Regarding the British pound, on Wednesday Bank of England Chief Economist Huw Pill noted that central banks should adhere to a "conservative" approach to interest rates, including the possibility of tightening if inflation accelerates sharply. GBP's growth potential is limited by increasing uncertainty over the Bank of England's future policy. The latest Financial Policy Committee report from the Bank of England highlighted that UK households and businesses remain resilient despite high living costs and loan interest rates. The document also emphasized that global risks remain elevated, and potential negative consequences for the UK financial system are considered significant. From a technical perspective, the Relative Strength Index on the daily chart is attempting to move into positive territory, but has not yet confirmed a bullish outlook. If prices can break above the round level of 0.8700, the next target will be around 0.8730, on the way to the September high near 0.8753. The EUR/GBP pair has found support at the 50-day SMA, currently set at 0.8675. If prices fail to hold this level, the next support on further decline will be around 0.8655. The material has been provided by InstaForex Company - www.instaforex.com

Overview: There was some, albeit limited follow-through dollar buying today, but the early gains have been pared as the European morning progressed. That leaves the greenback narrowly mixed among the G10 currencies, with the Scandis, sterling, and the New Zealand dollar underperforming. North American leadership is awaited. Emerging market currencies are also mixed. News that Hamas accepted the initial terms of peace deal, helped lift the Israeli shekel. Gold was initially sold, but new buying emerged ahead of $4000, and it is near $4038. Yesterday's record was slightly below $4060. French bonds are stocks are outperforming today, encouraged that a potential deal may be in the works that avoid a new round of elections. China's mainland markets re-opened from the long holiday. The offshore yuan recovered from yesterday's slide and China's main indices gained over 1%. Beijing announced new export controls on critical minerals and related technology. Apart from Hong Kong and Singapore, the equity rally in the Asia Pacific region continued. Europe's Stoxx 600 is struggling. It is off about 0.25%; giving back a third of yesterday's gain, which was the first of the week. The S&P 500 and Nasdaq futures are broadly steady after yesterday's record highs. European benchmark 10-year yields are around one basis point firmer today, but French bond yields are slightly softer. The 10-year Treasury yield is also up a basis point to about 4.13%. Five Fed officials speak today, including Chair Powell. The US Treasury is selling more than $200 bln in bills today and $22 bln of the 30-year bond. November WTI is consolidating after rallying for the past four sessions. USD: The Dollar Index briefly poked above 99.00 yesterday in in the NY afternoon, but pulled back in later dealings, seemingly responding to news that French President Macron will name a new prime minister by the end of the week. This suggests that a political compromise on the budget may have been found. Yesterday's low near 98.60 offered initial support initial support and the Dollar Index reached 99.10 in Europe today. The next chart point is around 99.30. The US government shutdown continues. President Trump explained earlier in the week that political pressure has not been brought to bear in sufficient force. Four polls (NY Times, CBS, Marist, and Washington Post) all found that public opinion attributes more of the responsibility for the government shutdown to the Republican. This is also historically true: Republicans typically are blamed by the public for government shutdowns. Negotiations to re-open the government have not yet begun in earnest. Meanwhile, five of the 19 regional Fed presidents and governors speak today, including Chair Powell. Since the September 17 rate cut decision, most Fed officials have staked out their views. EURO: The euro slipped by 1/100 of a cent through the $1.16 level for the first time since late August. The (61.8%) retracement of the euro's rally since the August 1 low (~$1.1390) is slightly below $1.1595. The euro recovered on news that a new French PM will be named ahead of the weekend, suggesting that a budget deal may be in the works. It reached $1.1630 in late dealings yesterday and almost $1.1650 before sellers re-emerged and took the euro back to almost $1.1600. Additional losses today could take the $1.1575 area. The French bond market is outperforming slightly today, even though whatever deal emerges will most likely mean less austerity. The euro's three-day decline in tow today matches the longest losing streak since late July. The US two-year premium over German narrowed to almost 150 bp last week and approached the low for the year seen last month, is now near 160 bp, the most since late September. After reporting yet another decline in factory orders and industrial production over the last couple of days, German reported a larger than expected 17.2 bln euro trade surplus. That is around 20% smaller than August 2024. This is in line with this year's average monthly surplus (~17.1 bln euros vs. 21.4 bln in the first eight months of 2024). In August exports fell 0.5% (after revised 0.2% decline in July from initially -0.6%), while imports fell 1.3% (after a revised -.7% decline in July from -0.1% initially). Exports are flat this year compared with a 0.3% gain in the same period last year. Imports have risen around 0.3% on average, the same pace seen in the Jan-August 2024 period. Despite the string of disappointing data, the German government sounded an optimistic note, seeing growth accelerating from 0.2% this year to 1.3% in 2026 and 1.4% in 2027 fueled by government spending on infrastructure and defense. The Bundesbank is less sanguine. It sees stagnation this year followed by 0.7% growth next year and 1.2% in 2027. The IMF forecasts 0.1% growth this year followed by 0.9% next year and 1.5% in 2027. CNY: China's markets re-opened for the first time this month. The dollar has gained broadly since the national holiday began. The offshore yuan slipped by slightly less than 0.30% so far here in October coming into today but has recovered nearly fully. The PBOC set the dollar's reference rate at CNY7.1102 compared with the least fix in September of CNY7.1055. The dollar frayed resistance in the CNH7.15 area and approached CNH7.1550 yesterday. It has slipped through CNH7.13 today. The combination of the US transactional approach to foreign relations and its wavering assistance to Ukraine, and the Commerce Secretary Lutnick's demand that Taiwan produce half of the chips the US buys in the US, Taipei appears to increasingly question the US commitment. A few months ago, Taiwan president Lai was refused permission to stop in NY on a trip to Latam. Reports last month indicated that the US rejected a Taiwan offer to purchase $400 mln of military equipment from the US. Reports suggest that Beijing is pressing the US strengthen its stance from "not supporting" Taiwan's independence to saying it "opposes" independence. Ahead of the Trump-Xi meeting on the sidelines of APEC meeting later this month, Beijing announced new curbs on rare earths, including equipment and technology. JPY: The dollar reached JPY153 in Europe's late morning turnover. It is the highest level since Valentine's Day and surpassed the (61.8%) retracement of this year's decline (found ~JPY151.60). It settled for the third consecutive session above the upper Bollinger Band, which comes in near JPY152.40 today. The gains were extended to slightly above JPY153.20 today before it stabilized and pulled back to around JPY152.50 in early European trading. The market continues to digest the implication of Takaichi's election as LDP head. Ahead of the vote in the Diet later this month for the prime minister, negotiations with its junior partner for the past 25 years, the Komeito Party are underway. The head of the Komeito Party, Saito Tetsuo, appears to be holding out for some stronger commitment to limit the of money in politics given the effects of the slush fund scandal. Yet, the appointment of Hagiuda, who was previously implicated in the 2022 slush fund scandal, was named Executive Acting Secretary General, may not be received well. Takaichi's initial appointments, including former Prime Minister and Finance Minister Aso and Suzuki (former finance minister and now LDP Secretary General) is seen as signaling not just rewards for her supporters but also a signal of seeking a balance between her stimulus commitment and respect for fiscal discipline. Japan's 40-year bond yield peaked in late May near 3.70%. It held below 3.60% this week. It settled around 3.40% last week and is now near 3.48%. The 30-year bond yield made new highs on Tuesday, near 3.35%. is now near 3.18%, which is about where it settled last week. The US-10-year premium over Japan has slipped to about 240 bp, the least since July 2022. GBP: Yesterday, sterling recorded its high, slightly shy of $1.3440, and low, almost $1.3370) in North America. sterling trade at an eight-day low yesterday near $1.3370. After the low was recorded, sterling was straddling the $1.3400 area in late turnover in NY. Follow-through selling today has pushed sterling to almost $1.3340. Last month's lows were in the $1.3325-35 area, and a break of that area could signal scope for losses that extend back to the August 1 low near $1.3145. The UK's sparse economic calendar continues but next week is a different story with the employment report next Tuesday and August GDP and details next Thursday. Meanwhile, Chancellor of the Exchequer Reeves has received some good news in the form a GBP2 bln underestimate of receipts for the value-added tax. Still, the UK is overshooting its official budget forecast by around GBP9.4 bln. Her Autumn budget will be delivered on November 26. The yield on the 10-year Gilt reached an eight-month high in early September near 4.85%. It is now near 4.73%. The UK 2-10-year yield curve peaked in early September a little above 80 bp, which had not been seen since early 2018. It is now near 72 bp. CAD: The US dollar posted an outside down day against the Canadian dollar by trading on both sides of Tuesday's range. Settlement was little changed and well within Tuesday's range, neutralizing the technical signal. It is trading quietly inside yesterday's range so far today, confined to about CAD!.3935 and CAD1.3965. Last week, the greenback was turned away from the 200-day moving average, which it has not closed above in six months, and the CAD1.40 area. Initial support is seen in the CAD1.3885-CAD1.3900 area, and the daily momentum indicators look poised to turn lower. However, as we have observed, the Canadian dollar is sensitive to the US dollar's broad direction. It tends to outperform in a firm US dollar environment but lag in a weak one. The Canadian economy has also been hit by US trade policy and the swaps market anticipates another Bank of Canada rate cut, if not later this month, then before the end of the year. Canada reports September employment tomorrow. The unemployment rate is seen creeping up to 7.2%, a new post-pandemic high, while the economy is expected to have added 5k jobs, according to the median forecast in Bloomberg's survey, after a 65.5k job loss in August (which were mostly part-time positions). AUD: The Australian dollar was initially sold yesterday to a new low for the month, slightly below $0.6560 before recovering, mostly in North America to the session high near $0.6590. It settled near session highs. A bullish hammer candlestick appears to have been forged. Today’s follow-through buying tested the band of resistance, which extended to $0.6615. Sellers reemerged and took the Aussie back to $0.6570 before recovering in the European morning. The light Australian economic diary turns more active next week with the RBA minutes due next Tuesday and the September employment data at the end of next week. MXN: As soon as the dollar stabilized yesterday, the peso was bought. The dollar had briefly taken out Tuesday's high (~MXN18.4160) but was offered in North America. It traded slightly below MXN18.32. A break of MXN18.30 could signal a retest on the October 1 low near MXN18.24. Mexico reports September CPI today. Both the headline and core rates are expected to edge higher from August's 3.57% and 4.23% pace, respectively. The uptick in price pressures will be followed by a stabilization of industrial output, which will be reported tomorrow. August industrial production is projected to rise by 0.4%, according the median forecast in Bloomberg's survey after July's 1.2% drop. Disclaimer

As BNB’s price records a massive 30% rally, the BNB Chain ecosystem also experiences a remarkable performance, fueled by Chinese-themed memecoins launched on the Four.meme launchpad. BNB Chain Momentum Steals Memecoin Spotlight Amid BNB’s run to the $1,300 barrier, the BNB Chain ecosystem is experiencing a memecoin frenzy, with multiple BNB Chain-based tokens gaining significant traction over the past few days. Notably, the ongoing momentum has seen tokens like Palu (PALU), 币安人生 (BinanceLife), 4 (FOUR), PUP (PUP), and CZ’s Dog (BROCCOLI) record massive rallies. According to DeFiLlama data, the BNB Chain-based memecoin launchpad, Four.meme, has overtaken Pump.fun, Solana’s leading launchpad, in daily revenue. In the past 24 hours, Four.meme has gained around $1.4 million in revenue, surpassing Pump.fun’s $885,420. Meanwhile, CoinGecko data shows that the Four.meme ecosystem tokens have surged around 88% to an overall market capitalization of $1.044 billion and a daily trading volume of $963.4 million. Nonetheless, the Solana-based launchpad continues to lead in higher timeframes, with weekly and monthly revenues of $8.34 million and $40.9 million, respectively. Binance co-founder and former CEO Changpeng Zhao, also known as CZ, highlighted the recent memecoin frenzy in the BNB Chain. On Tuesday, CZ acknowledged the “BNB meme szn” on X, affirming, “I didn’t expect this at all.” On-chain analytics platform Bubblemaps declared that the “BNB memecoin szn is real,” noting that over 100,000 on-chain traders bought into the new memecoin frenzy, with 70% of them being in profit. As the platform detailed, 21,000 investors have made over $1,000, while 900 have earned over $100,000 with the leading tokens. Meanwhile, 40 traders have made over $1 million, and one has profited more than $10 million. Can BNB’s Memecoin Season Last? A crypto community member weighed in on how long the ongoing memecoin trend could last and whether it was worth participating in it. According to the X post, the investor considers that the BNB Chain tokens frenzy might continue, arguing that “this time is different.” Following the rapid surge of BinanceLife, which has reached a market cap of $372 million in less than a week, the investor listed multiple reasons why BNB Chain’s memecoin season could last for a while. They argued that “CZ and He Yi won’t let this wave fade easily,” suggesting that they will “likely keep pushing it forward.” The investor pointed out that the ecosystem is more mature and capital is more abundant. Previously launched memecoins “aimed” for a Binance listing, while the new project’s exit path is clearer. “First generate hype through reposts, then launch on Alpha, followed by listing on Aster spot and Binance spot—each step driving upward momentum in a relentless surge,” they explained. Lastly, the investor argued that the rules have changed, as this Memecoin bull run is spearheaded by the Chinese-speaking community, who “stand at the crest of the wave” this time. “Those who embrace change swiftly profit first; Those with biases neither gain nor lose,” they concluded.

S&P 500 hits new all-time highThe S&P 500 achieved its 33rd record high this year, driven by investor confidence in the strength of the US equity market and growing interest in artificial intelligence. Numerous factors point to continued growth despite risks related to the government shutdown and the technology sector. Analysts note that the index's resilience confirms continued trust in the US economy, even amid political uncertainty. Follow the link for more details. S&P 500 and Nasdaq set fresh record highsUS equity indices, including the S&P 500 and the Nasdaq, set new historical highs, boosted by renewed interest in AI-related stocks. Expectations for Federal Reserve rate cuts by year-end are fueling risk appetite against the backdrop of global disinflation. Experts believe that the technology sector will be the key driver of growth for the remainder of 2025. Follow the link for more details. As a reminder, InstaForex provides the best conditions for trading stocks, indices, and derivatives, helping traders capitalize effectively on market volatility. The material has been provided by InstaForex Company - www.instaforex.com

On Wednesday, the EUR/USD pair consolidated below the support level of 1.1645–1.1656, then rebounded from this level, and this morning – another rebound. Thus, the decline in quotes may continue toward the 61.8% Fibonacci level at 1.1594. A consolidation of the pair above the 1.1645–1.1656 level would favor the European currency and some growth toward the 38.2% retracement level at 1.1718. The wave situation on the hourly chart remains simple and clear. The last completed upward wave did not break the peak of the previous one, while the new downward wave broke the previous low. Thus, the trend remains "bearish" for now. The latest labor market data and the revised Fed monetary policy outlook support bullish traders, which is why I expect a trend change to "bullish." For the bearish trend to end, the price must consolidate above the last peak at 1.1779. On Wednesday, the only notable event was the FOMC minutes. These minutes usually reflect the sentiment of FOMC members and their outlook for future monetary policy changes. Yesterday's minutes showed that overall, Fed officials support further rate cuts but advise against easing policy too quickly. There are risks of an economic slowdown, so monetary easing cannot be delayed. But rates also cannot be cut too quickly, since U.S. inflation has accelerated in recent months and may prove persistent. Some members believe that the next rate cut should wait until stronger evidence of labor market weakness emerges. However, the majority still support moderate monetary easing. Traders interpreted the minutes as "dovish," yet the U.S. dollar's exchange rate is not reflecting any bearish factors for now. The dollar continues to rise, even though much of the news background points to its decline. Most likely, the FOMC will decide to lower the rate twice before the end of this year. On the 4-hour chart, the pair consolidated below 1.1680, allowing traders to expect further decline toward the 127.2% Fibonacci level at 1.1495. The CCI indicator shows an emerging "bullish" divergence that could halt the current decline. A close above 1.1680 would favor the euro and a resumption of the "bullish" trend toward the 161.8% retracement level at 1.1854. Commitments of Traders (COT) report: During the 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 continues to strengthen over time. The total number of long positions held by speculators is now 252,000, while short positions amount to 138,000. The gap is effectively two-to-one. In addition, note the number of green cells in the table above — they indicate strong position-building in the euro. In most cases, interest in the euro continues to grow, while interest in the dollar falls. For thirty-three consecutive weeks, large players have been reducing short positions and increasing longs. Donald Trump's policies remain the most significant factor for traders, as they may create many long-term, structural problems for the U.S. Despite the signing of several key trade agreements, many important economic indicators continue to decline. News calendar for the U.S. and the Eurozone: U.S. – Speech by FOMC Chair Jerome Powell (12:30 UTC).On October 9, the economic calendar contains just one entry, but this one outweighs all others for the week. The impact of the news background on market sentiment on Thursday may be strong. EUR/USD forecast and trader recommendations: Selling was possible on the rebound from 1.1718 on the hourly chart. The support level of 1.1645–1.1656 has been broken, so short positions can be held with a target at 1.1594. The last two rebounds from 1.1645 indicate that the decline will continue. Buying may be considered on a rebound from 1.1594 or on a close above the 1.1645–1.1656 level. Fibonacci grids are built from 1.1392–1.1919 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

Why is crypto down today? Today’s question is rattling investors, even as the Bitcoin price in BTC USD pairs holds “ok” weekly gains. At the same time BNB continues its surprising resilience against USD, while ETH and XRP are dragging the crypto market lower. The daily red candles for XRP are especially brutal, shedding momentum after a brief bullish stretch. Market Cap 24h 7d 30d 1y All Time This all while .cwp-coin-chart svg path { stroke-width: 0.65 !important; } Bitcoin BTC $121,639.04 0.91% Bitcoin BTC Price $121,639.04 0.91% /24h Volume in 24h $49.75B Price 7d Buy with Best Wallet memecoin market this week. But it’s XRP that stands out for all the wrong reasons; it has dumped by 5.8% this week, trading at $2.80 USD. The drop is linked to lingering regulatory fears and reduced trading volume. Still, the Bitcoin price in BTC USD pairs is holding firm, which shows today’s dump as a temporary correction, not the end of the bull cycle. (source – Crypto Market Cap. CoinGecko) DISCOVER: 16+ New and Upcoming Binance Listings in 2025 XRP Dumps While BTC and BNB Hold Green VS USD: Why Crypto Down Today Still Echoes Across Markets as Bitcoin Price Sneeze According to CoinGlass, funding rates for BTC USD remain positive at 0.01%, and open interest has already rebounded 1%, suggesting leveraged positions are re-entering after the flush-out. Why crypto is down today largely ties back to overextended longs and macro pressure, including concerns over US fiscal policy and its impact on risk assets. (source – BTC USD Funding Rate, Coinglass) Still, TVL across DeFi is at $169 billion, up 0.6% in 24 hours, a sign the ecosystem isn’t breaking. Corrections of this kind have wiped out nearly $109 billion in total crypto market cap, but historically, such pullbacks precede renewed rallies. Weekly charts for BTC USD and BNB USD remain bullish, and while ETH USD and XRP USD face short-term pain, they could bounce faster than a Xiaomi SU7. Why is crypto down today? It may come down to short-term fear, and not the end of this bull market cycle. DISCOVER: 9+ Best Memecoin to Buy in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates 33 seconds ago Four Meme Records 2.6 Billion Dex Volume: Battle of Perpetual Dexes Against Coin Launchers By Akiyama Felix In the high-octane crypto arena of 2025, Four Meme Crypto has broken records. Over a recent 24-hour period, the launchpad registered nearly $ 1Bn in trading volume and a cumulative volume of $ 2.6Bn. Handled 35,700+ new token launches, and pulled in $1.47M in revenue, all while outpacing legacy rivals like Pump.fun. Its native token FORM spiked over 326% in short timeframes, riding the hype wave on BNB Smart Chain. Meanwhile, perpetual DEXes like Aster and Hyperliquid continue to dominate leveraged trading, with monthly volumes in the trillions. This clash between coin launchers and perp platforms is reshaping how traders allocate liquidity in the crypto market. Also, it raises a provocative question: which model will win the narrative (and capital) next? Market Cap 24h 7d 30d 1y All Time Read the full story here. The post Crypto Market News Today, October 9: Why is Crypto Down Today? Bitcoin BTC and BNB USD Pairs Price Stay Green This Week, ETH and SOL Red, But XRP Brutally Dumping appeared first on 99Bitcoins.

On the hourly chart, the GBP/USD pair on Wednesday consolidated below the 76.4% retracement level at 1.3425 and then rebounded from this level from below. Thus, the decline in quotes continues toward the support level of 1.3332–1.3357. A rebound from this zone would work in favor of the pound and some growth toward the 1.3425 level. Consolidation below this zone will increase the likelihood of continued decline toward the next Fibonacci level of 127.2% – 1.3225. The wave situation remains "bearish." The last completed upward wave did not break the previous peak, and the last downward wave did not break the previous low. The news background in recent weeks has been negative for the U.S. dollar, but bullish traders are still not taking advantage of the opportunities to advance. To cancel the "bearish" trend, the pair needs to rise above the 1.3528 level, while bears continue their offensive for now. On Wednesday, the U.S. published the FOMC minutes, which reflected a "dovish" stance of the regulator. These minutes could have supported the British pound, but they contained no fundamentally new information. Traders are well aware that the FOMC intends to continue monetary policy easing, as evidenced by countless speeches from Fed officials and the latest meeting, where Powell allowed for the possibility of two more rate cuts in 2025. Thus, the current growth of the dollar clearly contradicts the news background. Perhaps Jerome Powell's speech will change something. For the dollar's growth to continue, Powell would need to cast doubt on a rate cut at the next meeting — for example, due to uncertainty related to inflation or the labor market. Recall that the latest reports on these indicators remain unavailable to the market due to the U.S. government shutdown. If Powell signals readiness to continue easing based on the ADP report or independent of economic data, bears may continue their attack. On the 4-hour chart, the pair returned to the 1.3339–1.3435 zone. A rebound from 1.3339 would again work in favor of the pound and renewed growth toward the Fibonacci level of 127.2% – 1.3795. Consolidation below 1.3339 would allow for expectations of continued decline toward the 76.4% retracement level at 1.3118. No emerging divergences are currently observed on any indicator. 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 longs and shorts now stands at about 85,000 versus 86,000. Bullish traders are once again tipping the scales in their favor. In my view, the pound still has prospects for decline, but with each passing month the U.S. dollar looks weaker and weaker. If earlier traders worried about Donald Trump's protectionist policies, not knowing what results they might bring, now they may be worried about the consequences of those policies: a possible recession, the constant introduction of new tariffs, Trump's battle against the Fed, as a result of which the regulator may become "politically subordinate" to the White House. Thus, the pound now looks much less dangerous than the U.S. currency. News calendar for the U.S. and the U.K.: U.S. – Speech by FOMC Chair Jerome Powell (12:30 UTC).On October 9, the economic calendar contains just one, but a very important, event. The impact of the news background on market sentiment Thursday could be strong. GBP/USD forecast and trader recommendations: Selling the pair was possible earlier on the rebound from 1.3482, with targets at 1.3425 and 1.3357 on the hourly chart. New sales were possible on closing below 1.3425 with a target of 1.3332–1.3357. Today, selling will be possible if the pair closes below this zone with a target at 1.3225. Buying may be considered on a rebound from the 1.3332–1.3357 zone with a target at 1.3425. Fibonacci grids are built from 1.3332–1.3725 on the hourly chart and from 1.3431–1.2104 on the 4-hour chart. The material has been provided by InstaForex Company - www.instaforex.com

Trend Analysis (Fig. 1). On Thursday, from the level of 1.3400 (yesterday's daily candle close), the market may continue moving downward with a target at 1.3332 – the lower fractal (red dashed line). From this level, the price may possibly bounce upward with a target at 1.3364 – the 61.8% retracement level (yellow dashed line). Fig. 1 (Daily Chart). Comprehensive Analysis: Indicator analysis – downward;Fibonacci levels – downward;Volumes – downward;Candlestick analysis – downward;Trend analysis – downward;Bollinger Bands – downward;Weekly chart – downward.Overall conclusion: Downward trend. Alternative scenario: From the level of 1.3400 (yesterday's daily candle close), the price may continue moving downward with a target at 1.3364 – the 61.8% retracement level (yellow dashed line). From this level, the price may possibly bounce upward with a target at 1.3401 – the 14.6% retracement level (blue dashed line). The material has been provided by InstaForex Company - www.instaforex.com

Trend Analysis (Fig. 1). On Thursday, from the level of 1.1628 (yesterday's daily candle close), the market may continue moving downward with a target at 1.1592 – the 61.8% retracement level (blue dashed line). When testing this level, the price may bounce upward with a target at 1.1608 – a historical resistance level (light blue dashed line). Fig. 1 (Daily Chart). Comprehensive Analysis: Indicator analysis – downward;Fibonacci levels – downward;Volumes – downward;Candlestick analysis – downward;Trend analysis – downward;Bollinger Bands – downward;Weekly chart – downward.Overall conclusion: Downward trend. Alternative scenario: On Thursday, from the level of 1.1628 (yesterday's daily candle close), the market may continue moving downward with a target at 1.1608 – a historical resistance level (light blue dashed line). When testing this level, the price may bounce upward with a target at 1.1645 – the lower fractal (red dashed line). The material has been provided by InstaForex Company - www.instaforex.com