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NZD/USD, New Zealand Dollar, New Zealand GDP, RBNZ – Talking Points Q2 GDP jumps 17.4% YoY & 2.8% QoQ, well surpassing expectations Auckland remains under strict lockdown to curb recent surge in Covid cases NZD/USD pushes higher on the back of strong data, eyeing 0.7150 Advertisement New Zealand posted strong results for second-quarter . . . → Read More: NZD/USD Analysis: Kiwi Dollar Pushes Higher on Strong Q2 GDP Data ASX 200, Australian Economy, Reserve Bank of Australia, Iron Ore – Talking Points ASX rallies on Wednesday to halt recent slide, fundamental outlook remains dim AUD/USD weakness continues on weak Chinese data, potential for upcoming Fed taper Iron ore prices sink again, with futures contracts down nearly 50% from pandemic highs Australian equities . . . → Read More: ASX 200 Forecast: Aussie Equities Looking for Relief after Tough Start to September Bitcoin (BTC) is leading the recovery in the crypto sector and the cryptocurrency briefly rallied to $48,429 on Sept. 15, before pulling back to test the underlying support levels. While speaking during a live stream at the SALT conference, Ark Invest CEO Cathie Wood said that Bitcoin is the default currency of the . . . → Read More: Price analysis 9/15: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, UNI, LUNA Oil Price Talking Points The price of oil climbs to a fresh monthly high ($73.14) following a larger-than-expected contraction in US inventories, with crude breaking out of a descending channel as fresh data prints point to limited supply. Advertisement Oil Price Breaks Out of Descending Channel to Approach August High The price . . . → Read More: Oil Price Breaks Out of Descending Channel to Approach August High Bitcoin’s (BTC) rise back above the $48,000 mark was back by similar moves from altcoins and analysts expect the market-wide rally to continue if the top-ranked digital asset can take aim at the $50,000 resistance level. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro . . . → Read More: Frontier, Ren and Keep Network book 20% gains as Bitcoin claims $48K Bitcoin (BTC) quickly returned to $48,000 during Sept. 15 as BTC/USD continued on the path to a $50,000 retest. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin takes aim at $50,000 Data from Cointelegraph Markets Pro and TradingView tracked the largest cryptocurrency as it beat out thin resistance above $47,000 to zone in on psychologically . . . → Read More: BTC price hits $48K with little resistance left before $50K retest The value of MicroStrategy’s massive Bitcoin (BTC) holdings has surpassed what most S&P 500 companies hold in their cash treasuries. The Nasdaq-listed enterprise software firm purchased an additional 5,050 Bitcoin for about $242.9 million, raising the value of its 114,042 BTC holdings to nearly $5.3 billion. That comes out to be higher than what 80% of . . . → Read More: MicroStrategy’s Bitcoin treasury exceeds cash held by 80% of S&P 500 non-financial companies Bitcoin (BTC) has now traded above $10,000 for an entire year, as expectations demand $100,000 before the end of 2021. While hodlers impatiently wait for new all-time highs, BTC price action is celebrating the first of what is likely many anniversaries. BTC/USD: One year in five figures On Thursday, BTC/USD officially hit 365 . . . → Read More: Bitcoin has now been above $10K for a whole year Nonfungible tokens, or NFTs, have taken the cryptocurrency sector by storm in 2021. The growing interest in these digital collectibles resulted in record-breaking trading volumes during the month of August, with individual NFT sales exceeding more than $1 million dollars on a regular basis. Yet with so many NFTs currently on the market, it . . . → Read More: The ongoing NFT boom: Can supply of nonfungibles outweigh demand? Gold, XAU/USD, Treasury Yields, Inflation, Fed – Talking Points Gold rises after US CPI misses analysts’ estimates Treasury yields fall, allowing bullion to advance Markets may have overreacted to inflation miss XAU/USD looks to hold above key moving averages The price of gold rallied overnight following a weaker-than-expected inflation print out of the . . . → Read More: Gold Price Analysis: XAU/USD Gains May Not Last on Possible CPI Overreaction Chinese Retail Sales, Industrial Production, AUD/USD – Talking Points The Australian Dollar was hit immediately after weak Chinese data Both retail sales and industrial production disappointed expectations Outlook for China dependent on growth amid Delta. AUD/USD lower? AUD/USD moved lower as Chinese year-on-year retail sales came in at 2.5% versus the 7.0% forecast . . . → Read More: Australian Dollar Touches Session Lows on China Data Miss. Will AUD/USD Fall More? Surging Ethereum rival, Solana (SOL), has shed 15% of its value over the past 24 hours after suffering a denial-of-service disruption. On Tuesday at 12:38 pm UTC, Twitter account Solana Status announced that Solana’s mainnet beta had been suffering intermittent instability over a 45-minute period. Six hours after announcing the incident, Solana Status explained . . . → Read More: Solana and Arbitrum knocked offline, while Ethereum evades attack Natural Gas, Commodities, Federal Reserve, Inflation – Talking Points Natural gas futures extend beyond $5.00 MMBtu as supply worries grow Hurricane Nicholas adds insult to injury, further shutters production US CPI shows slowing inflation, yet energy prices continue to soar higher Advertisement Natural gas prices continued to roar higher on Tuesday as fears . . . → Read More: Natural Gas Analysis: Price Continues to Soar as Nicholas Slams the Gulf Australian Dollar, AUD/USD, Consumer Confidence, Chinese Economic Data – Talking Points Australian Dollar sinks as broader market sentiment sours Chinese data set to cross the wires, offering risk-event potential AUD/USD finds support at 20-day SMA after breaking lower Wednesday’s Asia-Pacific Forecast The risk-sensitive Australian Dollar dropped sharply versus the US Dollar overnight as . . . → Read More: AUD/USD Sinks Alongside Dow Jones as Sentiment Sours, Chinese Data Eyed Euro Stoxx 50, IBEX 35, ECB, US CPI, Inflation – Talking Points IBEX 35 trend remains negative as energy prices put consumers in a pinch Euro Stoxx 50 outlook remains neutral ahead of inflation data on Friday US CPI shows inflation slowing, yet still running hot at 5.3% increase year-over-year Advertisement European stocks . . . → Read More: Euro Stoxx 50 & IBEX 35 Outlook: European Stocks Mixed Following US CPI Print According to derivatives markets, Ether (ETH) traders are still confident that there is the chance formore upside even though the 23% correction on Sept. 7 took a hit on prices. Ethereum network congestion also peaked on Sept. 7 when the average transaction fee reached $60, and since then it has remained above $17. As . . . → Read More: 2 key Ethereum price metrics back traders’ confidence in $3,800 ETH Bullish sentiment is on the rise on Sept. 14 as the price of Bitcoin (BTC) climbed higher throughout the morning and now takes aim at the $47,000 level. The building momentum also had a positive effect on altcoins and a handful of tokens posted double-digit gains. Top 6 coins with the highest 24-hour price . . . → Read More: ??Governance proposals and layer-two launches provide a boost to altcoins Immutable, a layer-two nonfungible token (NFT) protocol built on the Ethereum blockchain, has announced a $60 million Series B funding raise from a multitude of corporate venture firms, including Sam Bankman-Fried’s Alameda Research and Gary Vaynerchuk’s VaynerFund. The funding round was co-led by gaming investment platform Bitkraft Ventures and venture firm King River . . . → Read More: Immutable raises $60M for its carbon-conscious NFT platform After scaling up to a relative high of around $53,000 just over two weeks ago, it seemed as though Bitcoin (BTC) was well on its way to reclaiming its former all-time highs. However, the series of events that unfolded over the past week has seen the world’s largest cryptocurrency by total market capitalization . . . → Read More: Are strong technicals enough to bring Bitcoin price to $100K in 2021? Bitcoin (BTC) looked set to challenge critical $47,000 resistance on Tuesday amid a perfect storm of dwindling supply and “exhausted” bears. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hodlers vs. whales in the battle for $50,000 retest Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit local highs above $46,600 on Bitstamp. . . . → Read More: Bitcoin gears up for $47K assault — Can BTC price overcome make-or-break resistance? Nearly all significant real-world use cases of cryptocurrency are DeFi use cases. Ethereum (ETH) is arguably the real star of the blockchain world, and even as Bitcoin (BTC) continues its extended bull run, ETH has also continued to prosper. According to a July Consensys report, there are now 161 million unique Ethereum . . . → Read More: Why Ethereum needs better compatibility, explained The Republic of Uzbekistan will never adopt cryptocurrencies like Bitcoin (BTC) as a payment method, according to a central bank official. Behzod Khamraev, deputy chairman of the Central Bank of Uzbekistan (CBU), predicted that local authorities will never allow residents to use Bitcoin as payment, alleging that BTC is backed by nothing. In . . . → Read More: Uzbekistan has no plans to ease crypto payments ban, says official Announced on Monday, Ernst & Young’s flagship blockchain services, including EY OpsChain and EY Blockchain Analyzer, will be integrated with Polygon, allowing transactions to be committed to Ethereum via the sidechain. EY emphasized that its enterprise clients will have access to increased transaction throughput with predictable fees and settlement times using Polygon. . . . → Read More: EY selects Polygon to scale its enterprise blockchain products on Ethereum The Ethereum Foundation (EF) and Ethereum Name Service (ENS) are backing a proposed system for secure sign-in using Ethereum from decentralized identity software firm Spruce. Spruce’s system was selected after EF and ENS submitted a Request for Proposals in July encouraging developers and software firms to propose a sign-in package using OAuth — . . . → Read More: Ethereum Foundation backs Spruce’s vision for decentralized identity verification [embedded content] Crude Oil, OPEC, Tropical Storm, Uranium, Reddit – Talking Points Crude and Brent oil benchmarks gain as broader sentiment improves Tropical Storm Nicholas causing supply, export disruptions in Gulf Coast Uranium stocks gain the attention of the Reddit Wall Street Bets Group Crude and Brent oil benchmarks are gaining . . . → Read More: Crude Oil, Uranium Forecast: Prices Rise on OPEC Report, Wall Street Bets Mentions Dow Jones, Crude Oil, Energy Stocks, Corporate Taxes, Nikkei 225, US CPI, Technical Analysis – Asia Pacific Indices Briefing Dow Jones gains with energy stocks as monthly OPEC report boosts crude oil prices Nasdaq 100 falls as Democrats release updated Biden tax plan, eyes on corporate rate Nikkei 225 may follow mostly rosy Wall . . . → Read More: Dow Jones, Energy Stocks, Crude Oil Rise After OPEC Report. Nikkei 225 May Gain New Zealand Dollar, NZD/USD, Q2 GDP, Covid, RBA – Talking Points New Zealand Dollar in focus ahead of Q2 GDP growth data RBA Governor Philip Lowe set to speak on economy today NZD/USD trades at 200-day SMA within a Bull Pennant Tuesday’s Asia-Pacific Forecast The risk-sensitive New Zealand Dollar is trading slightly lower . . . → Read More: New Zealand Dollar Forecast: NZD/USD Trades Cautiously Ahead of Q2 GDP Data US Budget Deficit, Government Spending, Congress, Infrastructure – Talking Points US budget deficit widened by $171 billion in August, down from $302 billion in July Congress continues to battle over a $3.5 trillion infrastructure proposal US Dollar relatively unchanged on Monday, potential bear flag forming Advertisement The US Federal Government posted a deficit . . . → Read More: US Dollar Moves Lower as US Federal Budget Deficit Totals $171B in August The price of Bitcoin (BTC) is facing an intense period of volatility since moving from a $52,950 top on Sept. 7 to a $42,800 low just two hours later. More recently, the $45,000 support was held for a couple of days despite being heavily tested, and this triggered a $3,400 up- and down-swing on . . . → Read More: Bitcoin price flirts with $40K, but derivatives data is still bullish KEY POINTS: The 10-year US Treasury yield has moved aimlessly during the first two weeks of September Despite the recent lack of direction, long-term rates are likely to run higher over the medium term The recovery in yields can weigh on high-flying technology stocks and trigger a sell-off in ETFs such as . . . → Read More: Key Week for Bond Yields with US CPI on Tap, Nasdaq and IEF at Risk of a Downswing? Bitcoin’s (BTC) failure to make a strong recovery in the past few days has resulted in profit-booking in most major altcoins, threatening to pull the total crypto market capitalization back below $2 trillion. The United States equity markets witnessed profit-booking and the S&P 500 dropped by 1.69% last week, suggesting the development of a . . . → Read More: Price analysis 9/13: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, LUNA, UNI Computer scientist turned generative artist Tyler Hobbs writes code artistically, which then creates visual art that has sold for millions. Along with 998 siblings, Fidenza #313 was minted for 0.17 ETH on June 11th, after which it was immediately sold for 0.58 ETH. Just over 10 weeks later, the NFT nicknamed “Tulip” sold for . . . → Read More: Fidenza: Tyler Hobbs wrote software that generates art worth millions Bitcoin (BTC) fell further at the start of the new week as a lack of bullish momentum sparked new lows near $44,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin threatens loss of $44,000 “demand zone” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD testing levels that analysts demand should stay as support. . . . → Read More: Bitcoin tests key level for $40K BTC price dip as altcoins bleed On Sept. 7, in a historic first, the small Central American nation of El Salvador adopted Bitcoin as legal tender. The true significance of this day for how people all around the world exchange value and what meaning they ascribe to the concept of money will take some time to reify and be . . . → Read More: El Salvador’s Bitcoin day: The first of many or a one-off? Ethereum layer-two rollup network Arbitrum One is beginning to see significant growth, with its total value locked (TVL) surging by roughly 2,300% this past week. According to L2beat, an analysis platform comparing layer-two protocols, Arbitrum’s TVL tagged an all-time high of $1.5 billion on Sept. 11 as DeFi degens rushed to invest in early . . . → Read More: Arbitrum’s TVL surges to $1.5B as DeFi degens ape into ArbiNYAN Aluminum, Guinea, China, Covid-19, Delta, Mu – Talking Points Aluminum prices spiked after coup in Guinea stoked major supply disruption fears Geopolitical risk amplified global trend of rising commodity prices and inflation COVID-19 Delta variant and unbalanced Chinese growth could dampen prices NEW GUINEA COUP TRIGGERS ALUMINUM SUPPLY DISRUPTION FEARS Aluminum prices recently . . . → Read More: Aluminum Prices Surge on Guinea Coup. Will This Last? Australian Dollar, AUD/USD, Risk Trends, Covid, Economic Data – Talking Points Risk-sensitive Australian Dollar susceptible to prevailing risk trends from last week Australian jobs data in focus, with consumer inflation expectations set to cross today AUD/USD floating above support at the 26-day Exponential Moving Average Monday’s Asia-Pacific Outlook The Asia Pacific trading session . . . → Read More: Australian Dollar Forecast: AUD/USD Traders Eye Jobs Data Amid Fragile Market Sentiment Bitcoin (BTC) is witnessing a tough tussle between the bulls and the bears near the 200-day simple moving average, which is considered as an important level by institutional investors attempting to decide whether the asset is bullish or bearish. Along with this, crypto investors are also watching the formation of a golden cross in . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, ALGO, ATOM, XTZ, EGLD General market sentiment turned cautious last week, with equities in North America (the Dow Jones and S&P 500 indices) and Europe (FTSE 100 and DAX 30 indices) spending most of their time trending lower. Those in Asia were mixed. Japan’s Nikkei 225 and China’s Shanghai Composite gained. Australia’s ASX 200 weakened. The . . . → Read More: Markets Week Ahead: Dow Jones, US Dollar, Crude Oil, OPEC Report, California Recall Election Advertisement Weekly Fundamental Gold Price Forecast: Neutral Gold prices’ recent slump comes ahead of an expected slowdown in both fiscal and monetary stimulus out of the United States: pandemic-era unemployment benefits have ended; and the Federal Reserve’s taper announcement seems close by. Upcoming inflation data offers a mixed bag for gold prices: . . . → Read More: Weekly Fundamental Gold Price Forecast: The Easy Part is Over Bitcoin (BTC) hit problems at $46,000 on Sept. 12 after a “strong bullish divergence” on lower timeframes met with resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Higher lows creep in for BTC/USD Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reject sharply after hitting local highs of $46,280 on Bitstamp. The move . . . → Read More: BTC price battles for $46K as Polkadot (DOT) ends weekend with 10% surge S&P 500, FTSE 100 Analysis and News S&P 500 | Beware of the Mid-Month Pullback FTSE 100 | Risks Geared to a Break of 7000 S&P 500 | Beware of the Mid-Month Pullback A marginally softer week for the S&P 500 which continues to hover around the 4500 level. The index looks . . . → Read More: S&P 500 & FTSE 100 Forecasts for the Week Ahead Institutions have been at the forefront of the crypto bull run seen since Q4 2020, but now retail investors have been taking the center stage as well. Bitcoin (BTC) is getting more popular all around the world and it officially became a legal tender in El Salvador on Sept. 7, making it a landmark . . . → Read More: Across the seven seas: Retail, institutional investors keen on Bitcoin A few months ago, the crypto industry was shaken up by the news of the mass exodus of miners from China. At the end of May 2021, it became known that the Chinese authorities were going to ban Bitcoin (BTC) mining, bringing the already existing regulatory pressure on miners to a breaking point. . . . → Read More: Finding a new home: Bitcoin miners settling down after China exodus Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Ukraine passes legislation to recognize and regulate crypto The . . . → Read More: El Salvador buys the dip as Bitcoin Law goes live, 101 Bored Ape NFTs sold for $24M, Ukraine passes crypto legislation: Hodler’s Digest, Sept. 5-11 Bitcoin (BTC) miners officially produced their 700,000th block on Sept. 11, marking a major milestone for a network whose detractors claim it has died 428 times since 2009. It took Bitcoin less than two years to produce 100,000 more blocks after reaching the 600,000 milestone on Oct. 18, 2019. At the time of . . . → Read More: Not dead yet: Bitcoin network logs 700,000th block as adoption grows US Dollar Talking Points The update to the US Consumer Price Index (CPI) is likely to sway the US Dollar during the Federal Reserve’s blackout period as the central bank braces for a transitory rise in inflation. Fundamental Forecast for US Dollar: Neutral The US Dollar Index (DXY) has cleared the opening . . . → Read More: US Dollar Outlook Hinges on Inflation Report Amid Fed Blackout Period Bitcoin (BTC) needs to retain two key moving averages in order to stay bullish, but is failing, fresh analysis shows. In its latest market update on Sept. 10, trading platform Decentrader warned that bulls do not have the upper hand much above current price levels. A “golden cross” like any other? Bitcoin has drifted . . . → Read More: Here are the BTC price levels to watch as $38K emerges as bulls’ line in the sand The year 2021 will probably go down the history books as one of Bitcoin’s (BTC) most interesting years, given its recent uptake by billionaires and adoption by mainstream institutions, not to mention El Salvador’s move to make it legal tender. In El Salvador’s case, it almost seems as if the whole world is . . . → Read More: El Salvador’s Bitcoin detractors: Opposition groups gather as crypto law rolls out Brent Crude Oil Fundamentals: OPEC to potentially downgrade optimistic 2022 oil demand forecast on Monday Effects of Hurricane Ida on oil prices remains modest China auctions oil reserves to shelter local refining businesses from increasing raw material prices Advertisement OPEC Set to Downgrade Optimistic Oil Demand Forecast in Light of Delta Risks OPEC . . . → Read More: Oil Weekly Forecast: The Impact of Ida, OPEC Supply Boost and China’s Oil Reserves Auction In the ever-evolving world of cryptocurrencies and blockchain technology, the race to establish a highly scalable, user-friendly network capable of being adopted on a global scale is a never-ending marathon where new competitors regularly join in on the race. Bitcoin is undoubtedly the market leader when it comes to network security, active users and . . . → Read More: Altcoin Roundup: High Ethereum fees kick-start a liquidity migration to layer-1 platforms Bitcoin’s recent plunge does not seem to have shaken the investors and data shows that exchange reserves were down to 2.399 million Bitcoin (BTC), which is close to the May all-time low at 2.390 million Bitcoin. Ki Young Ju, CEO of on-chain analytics platform CryptoQuant, said this could result in a “sell-side liquidity crisis on . . . → Read More: Price analysis 9/10: BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, LUNA, UNI ESG Investing Trends: ESG (Environmental, Society & Governance) investing is a trend that has recently gained traction as millennials shift their focus to sustainable finance and impact investing, boosting demand for indices and ETF’s promoting diversity and inclusion. Thomson Reuters Diversity & Inclusion Index Performance Chart Source: Refinitiv . . . → Read More: ESG Investing Trends to Watch: Gender Diversity (SHE) Index ETF Retreats from All-Time High As if he didn’t have enough to do, Gary Gensler appeared before the European Parliament on Sept. 1 to share his policy recommendations regarding the regulation of crypto assets and other matters. While the United States Securities and Exchange Commission Chair made clear that he was presenting his own views — not those . . . → Read More: Slow to start: Crypto regulators lagging behind blockchain industry GBP Analysis & News UK MPs approve a controversial bill to raise taxes for businesses and employees GBP drops on announcement as many fear it will hinder economic recovery UK CPI and PPI in focus next week Boris Johnson has put his controversial new plan to raise the national insurance tax by 1.25% . . . → Read More: MPs Vote To Hike NI Tax, What Does This Mean For GBP? Everything is bigger in Texas, which is why it shouldn’t come as a surprise that the Lone Star state is making moves to become America’s next Bitcoin (BTC) hotspot. Most recently, Texas implemented two laws to ensure that cryptocurrencies are recognized under state commercial law. Texas House Bills 4474 and 1576 both took . . . → Read More: More than a law: Texas takes steps to amend Bitcoin into state constitution New Zealand Dollar Talking Points NZD/USD appears to be on track to test the monthly high (0.7170) as it trades back above the 200-Day SMA (0.7115), and the exchange rate may threaten the opening range for September ahead of New Zealand’s Gross Domestic Product (GDP) report as the economy is expected to grow . . . → Read More: NZD/USD to Threaten Monthly Opening Range Ahead of NZ GDP Report The pandemic has put hundreds of thousands of businesses out of action, saw others fold and decimated great swathes of the economy. But, crypto thrived in this distributed environment. As the world clamped down and everyone was forced to decentralize, the crypto world shone. Perhaps crypto, born of a crisis, is most at . . . → Read More: How the crypto workforce changed in the pandemic Bitcoin (BTC) available on exchanges is about to hit its lowest levels ever, the latest data shows. As noted by Ki Young Ju, CEO of on-chain analytics platform CryptoQuant, exchange reserves have returned to all-time lows last seen in early May. Time for another Bitcoin “sell-side liquidity crisis?” As of Thursday, the latest date . . . → Read More: Bitcoin exchange reserves near record low, with traders eyeing $43K BTC price support Advertisement Canadian Employment Change (90.2k vs 100k Estimate) 90.2k jobs have been added to the Canadian economy to mark 3 successive months of labor force additions. The August additions have subsequently resulted in a better than forecast (7.3%) drop in unemployment to reach 7.1%. The Canadian dollar had been trending lower . . . → Read More: Breaking News: Canadian Employment Change Misses Estimate, USD/CAD Reaction Argo Blockchain has secured another loan agreement from Galaxy Digital LP with the mining firm’s Bitcoin (BTC) as collateral. According to an announcement by the London Stock Exchange on Friday, the new Bitcoin-backed loan agreement is to the tune of 18.05 million pounds (about $25 million). As previously reported by Cointelegraph, Argo entered . . . → Read More: Argo Blockchain secures $25M Bitcoin-backed loan from Galaxy Digital Tokenized stocks have had a shaky few months from a regulatory perspective, but that seemingly hasnt stopped legacy financial giants and decentralized finance (DeFi) advocates from inking new deals. Bloomberg reported today that Nasdaq, Finnhub and Tiingo will be providing their price feeds to DeFiChain, a DeFi platform built on the Bitcoin network. DeFiChain offers . . . → Read More: Nasdaq to provide price feeds for tokenized stock trades on DeFiChain AUD/USD Analysis & News Risk Trends Dictating Direction for FX Bearish on AUD Rallies Risk Trends Dictating Direction for FX A relatively tame session thus far across the FX space, which continues to lack notable direction. For currency markets, given that there is little to get excited about on the economic calendar, . . . → Read More: Australian Dollar Forecast: Remaining Bearish on AUD Rallies Key Talking Points: Crypto selloff continues as buyers struggle to consolidate momentum Ether could take the top spot as NFTs become more popular Advertisement Cryptocurrencies are struggling to get a grip on Friday after the meltdown staged on Tuesday. Bitcoin is just managing to hold above $46,000 after dropping more than 11% on . . . → Read More: Crypto Latest: Ether (ETH) Leads the Losses Despite NFT Popularity, Bitcoin (BTC) Sees Higher Lows GBP price, news and analysis: Thursday’s tumble in EUR/GBP after the European Central Bank just threw a bone to the hawks on its Governing Council could well be reversed next week, with the cross rallying. UK economic data released Friday were mixed, shifting the focus to the coming week’s UK unemployment and, especially, inflation . . . → Read More: British Pound (GBP) Price Outlook: EUR/GBP May Rally, UK Inflation Looms Hang Seng Index, Nikkei 225, WTI Crude Oil, AUD/USD – Talking Points Asian equities defied the US lead and moved higher on optimistic news that US President Biden and China President Xi Jinping had talked on the phone for 90 minutes. White House officials and Chinese state media both reported that the talks . . . → Read More: Hang Seng Index Higher as Risk Turns On But AUD/USD Can’t Catch A Bid. Where To From Here? This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Victory for the regulators After a tumultuous summer of crackdowns, the Chinese regulators are declaring their victory in eliminating illegal cryptocurrency trading . . . → Read More: Shanghai Man: China declares victory over crypto — Is this the end of the crackdown? New Zealand Dollar, NZD/USD, Crude Oil, Electronic Retail Card Spending – Talking Points New Zealand Dollar holds despite broadly weaker US Dollar Crude and Brent oil prices drop after China releases oil reserves New Zealand electronic retail card spending drops in August NZD/USD eyes the 200-day SMA after early-week losses moderate Friday’s Asia-Pacific Forecast . . . → Read More: New Zealand Dollar Forecast: NZD/USD May Fall After Weak Economic Data New Zealand Dollar, AUD/NZD, EUR/NZD, GBP/NZD – Talking Points AUD/NZD continuing lower off of head and shoulders pattern EUR/NZD remains weak, pair eyes March low below 1.65 GBP/NZD under control of bears, possible bear flag forming AUD/NZD Technical Analysis AUD/NZD bias remains skewed to the downside as bears continue to drive price action . . . → Read More: New Zealand Dollar Technical Analysis: AUD/NZD, EUR/NZD, GBP/NZD MEXICAN PESO OUTLOOK: Mexico’s August inflation was mixed, but largely in line with Banxico’s recent projections Lack of a major upside surprise on the CPI front may lead the central bank to maintain monetary policy unchanged at its September meeting Near term, USD/MXN could trade with a neutral bias unless risk-off sentiment hits the . . . → Read More: Mexican Peso Outlook: Choppy Price Action Likely Near-Term in USD/MXN Advertisement Euro Outlook: The September ECB rate decision brought no surprises as the small adjustment to the QE program was telegraphed well in advance. The drop in US Treasury yields is outpacing that of European yields, giving levity to EUR/USD rates, while sinking EUR/GBP and EUR/JPY along the way. Per the IG Client . . . → Read More: Euro Forecast: After ECB, Ranges Prevail in EUR/GBP, EUR/JPY, EUR/USD Oil Price Talking Points The price of oil appears to be stuck within the opening range for September amid mixed data prints coming out of the US economy, and crude may continue to consolidate over the remainder of the week as it struggles to push back above the 50-Day SMA ($69.93). Advertisement Oil . . . → Read More: Oil Price Trades in Monthly Opening Range as Ida Hits US Crude Data Reports have emerged that a bug on OpenSea’s marketplace has deleted user-owned NFTs worth 28.44 Ether (ETH), nearly $100,000 at the time of writing. The information was revealed online by Nick Johnson, lead developer of Ethereum Name Service, or ENS, who reportedly lost an NFT that was linked to the first ENS named . . . → Read More: OpenSea bug appears to have destroyed nearly $100K in NFTs By his own admission, Lee Cooperman still does not understand Bitcoin (BTC), despite its being up more than 300% since early December 2017. Speaking to CNBC on Thursday, the billionaire investor alluded to people his age having a hard time understanding Bitcoin, adding: “I’d be very careful with Bitcoin; I don’t think it makes . . . → Read More: Bitcoin does not make a great deal of sense, according to billionaire Lee Cooperman Bancoagrícola, El Salvador’s largest financial institution, is set to boost the country’s Bitcoin adoption policy following its partnership with digital payments gateway Flexa. According to an announcement by Flexa on Thursday, Bancoagrícola has inked a deal with the crypto payment network to enable Bitcoin (BTC) transfers for the bank’s customers, including retail and . . . → Read More: El Salvador’s largest bank partners with Flexa for Bitcoin payments “The Market Report” with Cointelegraph is live right now! Tune in to watch Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Yashu Gola. Today’s menu: the dramatic Bitcoin (BTC) price flash crash to $43,000 on Tuesday. What caused the crash? Was it market manipulation, leverage liquidations, El Salvador’s . . . → Read More: BTC price crash: Why did it happen? Join Sam Bankman-Fried live on ‘The Market Report’ Amid all the recent price volatility seen by Bitcoin (BTC) and the rest of the crypto market, news of social media behemoth Twitter reportedly getting ready to enable Bitcoin tipping for content creators went relatively unnoticed. Reports suggest that the latest Twitter iOS beta is being devised in a way that will help . . . → Read More: Bitcoin tipping on Twitter: A game changer for crypto adoption? Solana has been a trending topic due to the successive weeks of price increases seen by its SOL token. At the time of writing, SOL traded at around $207, which is an 11,400% surge from less than $2 back in January. At its present worth, Solana sits among the top 10 cryptocurrencies by market . . . → Read More: Cointelegraph Research: Is Solana an ‘Ethereum killer?’ Bitcoin (BTC) speculators have been selling at a loss, and this week presents a golden buying opportunity, analysts say. Data shows Bitcoin’s spent output profit ratio (SOPR) flipped negative for the first time in six weeks on Wednesday. SOPR says “buy the dip” A classic buy signal, negative SOPR implies that sellers have been . . . → Read More: The Bitcoin metric that flipped green just before $50K BTC price bull run is back Australian Dollar, AUD/USD, Chinese Inflation, CPI, PPI – Talking Points Australian Dollar weakness unfazed on Chinese economic data Chinese inflation growth slows to 0.8% versus expected 1.0% AUD/USD breaks under 50-day SMA as weakness continues The Australian Dollar was little changed versus the US Dollar after Chinese inflation, and factory gate prices for . . . → Read More: Australian Dollar Forecast: AUD/USD Weakness Unfazed After Soft Chinese Inflation Natural Gas, Hurricane Ida, Federal Reserve, Inflation – Talking Points Natural gas futures break out to a fresh 7-year high as supply remains constrained Fears over more permanent inflation amplified by rising commodity prices Large portion of US supply in the Gulf of Mexico remains offline following Hurricane Ida Natural gas futures broke . . . → Read More: Natural Gas Outlook: Bias Remains Skewed Higher Amid Tightened Supply Chinese Yuan, USD/CNH, Inflation, CPI, Covid – Talking Points Chinese Yuan in focus ahead of China’s August inflation data points CPI and PPI data likely to influence near-term PBOC policy decisions USD/CNH trades within triangle while SMAs near bullish crossover Thursday’s Asia-Pacific Outlook Asia-Pacific trading looks set for another risk-off session on Thursday . . . → Read More: Chinese Yuan Forecast: USD/CNH Eyes China CPI, PPI Figures in APAC Trade Airdrops have been a fan-favorite in the cryptocurrency ecosystem for years because they offer projects a way to reward early adopters and increase token distribution. The latest project to surprise its community of supporters with retroactive rewards for its newly minted token is dYdX, a non-custodial decentralized derivatives exchange that operates on a . . . → Read More: dYdX exchange releases governance token, making its airdrop worth up to $100K Analysts are attributing Bitcoin’s (BTC) plunge on Sep. 7 to the liquidation of over-leveraged positions. According to Bybt data, about $3.68 billion worth of long positions were liquidated in the last 24 hours in the Bitcoin options market. On-chain monitoring resource Whalemap said the decline was largely caused due to selling by whales who . . . → Read More: Price analysis 9/8: BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, UNI, BCH XLF AND XLE OUTLOOK: The U.S. economy is going through a rough patch, but the situation should improve in the last quarter as delta-variant fears recede As the recovery stabilizes, some cyclical stocks could start to outperform. Two sectors with compelling risk/reward profile over the medium-term are financials and energy The bullish thesis in . . . → Read More: Financials and Energy Stocks May Have Upside Potential, XLF and XLE Look Attractive Bitcoin (BTC/USD) Outlook: Bitcoin (BTC/USD) finding resistance below $48,000 El Salvador accepts Bitcoin as a legal tender, BTC/USD bulls back off US Dollar rebounds as risk-off sentiment comes into play After a dismal NFP (Non-Farm Payroll) report last Friday, Bitcoin prices rallied before running into a wall of resistance just below $53,000. . . . → Read More: Bitcoin (BTC/USD) Finds Support above $45,000 after Steep Decline The wider cryptocurrency market appears to be in the early stages of a recovery with many altcoins regaining their footing after correcting by 20% to 30% on Sept. 7 when Bitcoin (BTC) fell below $43,000. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and . . . → Read More: Near Protocol, Algorand and PowerPool rebound while Bitcoin consolidates In Cointelegraph’s latest video report, we discussed the systemic risks posed by stablecoins to the stability of both crypto and traditional markets. Stablecoins have become the backbone of the crypto ecosystem, as they play a crucial role in the functioning of crypto trading and decentralized finance. Their market capitalization has grown fourfold since . . . → Read More: Stablecoin crisis: Huge risk or FUD? – Cointelegraph video report To read Part 1 of “How to prepare for the end of the bull run,” click here. So, you’ve made a million bucks this cycle and you’re trying to work out how to transform those life-changing gains into money in the real world before the inevitable crash. But at the same time, you don’t want . . . → Read More: Sell or hodl? How to prepare for the end of the bull run, Part 2 Bitcoin (BTC) crashed by $9,000 in hours on Tuesday thanks to a mass unwinding of leveraged traders and borrowers, one analyst believes. In a series of tweets on Wednesday, Willy Woo sought to get to the bottom of what made BTC/USD dive to lows of $42,800 on Tuesday. Woo: Bitcoin margin borrowers and open . . . → Read More: ‘Who was selling? Not HODLers’ — New data hints at Bitcoin crash ‘culprit’ amid leverage wipe-out Industry experts see Tuesday’s crypto market plunge as a “false dip” while reiterating the $100,000 Bitcoin (BTC) price for the end of the year. In a new report by Standard Chartered’s cryptocurrency research unit, Bitcoin is predicted to hit $100,000 “in late 2021 or early 2022,” accompanied by a huge Ether (ETH) price . . . → Read More: Bitcoin price to hit $100K in 2021 or early 2022: Standard Chartered [embedded content] Crude Oil, Copper and Iron Ore – Talking Points Crude oil sees rough start to week as growth concerns ramp up Copper’s lackluster performance continues amid rising virus cases US Dollar gains on safe-haven flows, pressuring commodities Crude oil, copper, and iron ore prices are down this week as . . . → Read More: Crude Oil, Copper and Iron Ore: US Dollar Haven Flows Pressure Commodities Australian Dollar, AUD/USD, RBA, Covid, Economic Data – Talking Points Australian Dollar falls versus US Dollar as global risk appetite fades Traders eye ECB decision after RBA stays dovish with tapering extension AUD/USD downside momentum may continue on bearish chart signs Wednesday’s Asia-Pacific Outlook The Australian Dollar fell versus the US Dollar overnight . . . → Read More: AUD/USD Drop May Continue After Dovish RBA, Wall Street Losses Traders were caught flat-footed on Sept. 7 after a sharp collapse in the price of Bitcoin (BTC) saw the digital asset fall below $43,000, and this led to widespread liquidations in derivative markets as more than $3.54 billion was liquidated. Amount of Liquidations in the past 24 hours by exchanges in total $3.54 . . . → Read More: Analysts point to overleveraged traders after Bitcoin flash crashes to $43K S&P 500 KEY POINTS: The S&P 500 has risen more than 20% in 2021 without suffering a single drop of at least 5% Slowing growth, deteriorating market breadth, high valuations and seasonal weakness pose headwinds heading into the fall However, the prospect of an increase in corporate taxes may be the most important risk . . . → Read More: S&P 500 Outlook: Will There Be a Market Correction in the Near-Term? Bitcoin (BTC) holders took profits on Tuesday, just as El Salvador moved to recognize the digital currency as legal tender in a landmark move that could have significant implications for global adoption. After hitting local highs north of $52,800 on Monday, Bitcoin’s price plunged all the way to $42,900 in Tuesday trading, according to . . . → Read More: El Salvador buys the dip as Bitcoin price flash crashes to $42.9K Bitcoin (BTC) fell sharply as trading continued on Sept. 7 as a volatile day took BTC price action below $43,000 in one of the most volatile days of the year. BTC/USD 1-hour candle chart. Source: TradingView Whales blamed for major BTC sell-off Data from Cointelegraph Markets Pro and TradingView captured the volatility as Bitcoin suddenly . . . → Read More: Bitcoin price plunges below $43K in minutes in crypto market rout Bitcoin (BTC) could jump to $58,000 or dive to $44,000 from its current levels, an analyst warns as $50,000 sees a “very healthy retest.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hedging bets against a “swift downwards move” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fluctuating around the $51,000 mark on Tuesday after . . . → Read More: Bitcoin needs to hold $50K to avoid a $44K bearish BTC price target Bitso, a major cryptocurrency exchange in Latin America, will be the core crypto service provider for El Salvador’s official Bitcoin (BTC) wallet, known as Chivo. In conjunction with Bitcoin becoming legal tender in El Salvador, Bitso announced on Sept. 7 that the firm would assist El Salvador in launching the state-supported BTC wallet . . . → Read More: Bitso to assist the launch of El Salvador’s official Bitcoin wallet Chivo CAD, USD/CAD, Analysis and Talking Points CAD Weakens as Risk Appetite Dips BoC to Stick With October Taper CAD Weakens as Risk Appetite Dips A modest bout of risk off sentiment sees commodity linked currencies on the backfoot with safe-havens outperforming. AUD/USD ultimately fell on the back of a dovish taper, with . . . → Read More: Canadian Dollar Forecast: USD/CAD Awaiting BoC Meeting |
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