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POUND STERLING ANALYSIS & TALKING POINTS UK inflation soars after energy inputs continue to hurt consumers. Chancellor Jeremy Hunt Autumn Statement in focus tomorrow. Pound falls post-CPI. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary . . . → Read More: GBP Breaking News: Energy Sources Sustain Extreme UK Inflation, Highest Since 1981 Japanese Yen, USD/JPY, US Dollar, Crude Oil, US PPI, Poland – Talking Points Japanese Yen deflates after the US Dollar procured support Weak US PPI saw Treasury yields leak lower on hopes of a less hawkish Fed A missile landing in Poland has created uncertainty. Will USD/JPY rally? Recommended by . . . → Read More: Japanese Yen Slides Despite Treasury Yield Dip on Soft PPI and Conflict Concerns The hacker that exploited the now-bankrupt FTX exchange last week made a tidy fortune that has propelled them to Ether (ETH) whale status. Just a day after the embattled FTX exchange filed for Chapter 11 bankruptcy, its wallets were drained for more than $663 million in various crypto assets, according to blockchain intelligence . . . → Read More: FTX hacker is now the 35th largest holder of ETH Crude Oil, US Dollar, OPEC+, IEA, OMR, US PPI, Fed, Poland – Talking Points Crude oil prices face challenges amid unpredictable unfolding events Reports from OPEC+ and the IEA provide a backdrop to underlying dynamics US PPI and geopolitics are playing a role. Will WTI aim for the high ground? . . . → Read More: Crude Oil Price Jumps Around on OPEC+ and IEA Reports, Data and War Woes Canadian Dollar Talking Points USD/CAD fails to retain the advance from the start of the week as it registers a fresh monthly low (1.3226), and fresh data prints coming out of Canada may lead to a further decline in the exchange rate as the Consumer Price Index (CPI) is anticipated to show sticky . . . → Read More: USD/CAD Rate Vulnerable to Sticky Canada CPI Australian Dollar, AUD/USD, Geopolitical Tensions, US PPI – Asia Pacific Market Open Australian Dollar gains despite rising European geopolitical tensions Financial markets gave up some of their gains on softer US PPI data AUD/USD testing a critical breakout above April’s falling trendline Recommended by Daniel Dubrovsky Get Your Free . . . → Read More: Australian Dollar at Risk, Poland Says Russian-Made Missile Hit Border Area Near Ukraine The United States Securities and Exchange Commission, or SEC, has extended its window to decide on whether shares of ARK 21Shares’ Bitcoin exchange-traded fund could be listed on the Chicago Board Options Exchange BZX Exchange. In a Nov. 15 announcement, the SEC issued a notice for a longer designation period for the application . . . → Read More: SEC pushes deadline to decide on ARK 21Shares spot Bitcoin ETF to January 2023 Bitcoin (BTC) spiked to $17,000 at the Nov. 15 Wall Street open as fresh United States economic data continued to show inflation cooling. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Good” PPI boosts risk assets Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it came closer to multi-day highs. Volatility had returned . . . → Read More: Bitcoin price hits $17K on US PPI as trader warns of ‘final capitulation’ The Japanese cryptocurrency exchange Liquid is the latest company to halt withdrawals amid the ongoing crisis of centralized crypto exchanges. The FTX-owned crypto exchange Liquid took to Twitter on Nov. 15 to officially announce a suspension of fiat and crypto withdrawals on its Liquid Global platform. Addressing the reasons for the suspension, Liquid . . . → Read More: FTX-owned crypto exchange Liquid halts all withdrawals The collapse of cryptocurrency exchange FTX has put industry peers under the microscope with calls for transparent accounts of token holdings and assets under management. Major cryptocurrency exchanges like Binance, Huobi, OKX and Crypto.com have made efforts to share details of their assets and portfolios to assuage the wider space. This comes after . . . → Read More: FTX debacle sees Nansen take stock of major exchange on-chain holdings Amid growing concerns over centralized cryptocurrency exchanges in the wake of the FTX crisis, investors are increasingly moving to hardware crypto wallets. A major hardware wallet provider, Trezor, has recorded a major uptick in wallet sales in the aftermath of the FTX contagion, the firm’s brand ambassador Josef Tetek told Cointelegraph on Nov. . . . → Read More: Trezor reports 300% surge in sales revenue due to FTX contagion Euro, EUR/USD, US Dollar, Fed, China, Hang Seng, USD/JPY, Crude Oil, RBA – Talking Points Euro looks to be in a holding pattern since last week’s gains The Fed remains vigilant, but USD and Treasury yields are fairly stagnant China-US relations look to be improving. Will that boost the USD, undermining Euro? . . . → Read More: Euro Rides High as US Dollar Ponders the Path Ahead with Fed and G-20 in the Frame S&P 500, Bitcoin, Fed Forecasts, Dollar, China and Growth Talking Points: The Market Perspective: USDJPY Bearish Below 146; EURUSD Bullish Above 1.0000; Gold Bearish Below 1,680 Despite the extreme response to last week’s faster-than-expected slip from the US October CPI release, there was almost no reaction from Dollar or ‘risk assets’ to upgrade consumer . . . → Read More: Neither Dollar Nor Stocks Respond to NY Fed’s Inflation Expectations Like CPI, So What Now? Gold Price Talking Points The price of gold trades to a fresh monthly high ($1775) as it extends the series of higher highs and lows from last week, but the Relative Strength Index (RSI) may offer a textbook sell signal for the precious metal should the oscillator struggle to hold above 70. . . . → Read More: Gold Price Outlook Vulnerable to RSI Sell Signal Japanese Yen, USD/JPY, US Dollar, GDP, Bank of Japan, Fed – Talking Points USD/JPY steadied again on Tuesday despite negative GDP numbers The Fed and Bank of Japan continue to loom over their respective bond markets Japan GDP per capita remains challenged. Will JN CPI move USD/JPY? Recommended by Daniel . . . → Read More: Japanese Yen Yawned at GDP Miss as US Dollar Dominates. Where to for USD/JPY? Charities accepting crypto donations are setting themselves up for an entirely new demographic of funders — who just so happen to be one of the most giving, according to charity organizations. Alex Wilson, the co-founder of The Giving Block — a crypto donation platform providing back-end support to charities — told Cointelegraph that . . . → Read More: Charities risk losing a generation of donors if they don’t accept crypto Australian Dollar Talking Points Recommended by David Song Get Your Free AUD Forecast Get My Guide AUD/USD trades above the October high (0.6547) after clearing the opening range for November, and the exchange rate may attempt to retrace the decline from the September high (0.6916) as . . . → Read More: AUD/USD Clears October High Ahead of Australia Employment Report On-chain data from Glassnode show Bitcoin’s (BTC) movements hit a new record for the largest net decline in aggregate BTC balances on exchanges, reducing by 72,900 BTC in one week. A similar movement occurred in April 2020, November 2020 and June 2022, with the current outflow leaving around 2.25 million BTC on exchanges. . . . → Read More: FTX collapse followed by an uptick in stablecoin inflows and DEX activity Inflows into cryptocurrency investment products rose sharply last week as institutional investors bought the dip amid the marketwide collapse triggered by FTX and Alameda Research’s bankruptcies. Digital asset investment products saw inflows totaling $42 million in the week ending Nov. 13, the largest increase in 14 weeks, according to CoinShares data. Bitcoin (BTC) . . . → Read More: Amid FTX collapse, crypto funds see largest inflows in 14 weeks Bitcoin (BTC) lost 25.4% in 48 hours, bottoming at $15,590 on Nov. 9 as investors rushed to exit positions after the second-largest cryptocurrency exchange, FTX, halted withdrawals. More importantly, the sub-$17,000 levels were last seen almost two years prior, and the fear of contagion became evident. The move liquidated $285 million worth of leverage . . . → Read More: Bitcoin derivatives data reflects traders’ mixed feelings below $17,000 In the past, it was often said that Bitcoin (BTC) moves the entire crypto and blockchain industry. Is this still the case? The past few months have seen Bitcoin hitting high-water marks including all-time high long-term holder rates and local highs in hash rate difficulty adjustment — yet Bitcoin is still in bearish conditions as . . . → Read More: Turbulence for blockchain industry despite strong Bitcoin fundamentals: Report The Merge forced miners to shift to alternative GPU mineable cryptocurrencies, a newly forked version or dump or sell their equipment at a low price. Shift to alternative GPU mineable cryptocurrencies One of the direct effects of the Merge includes miners turning to the Ethereum fork, Ethereum Classic (ETC), to keep utilizing their . . . → Read More: Is GPU mining profitable after the Ethereum Merge? Everything makes its way to the sea, and none more so than plastics. There are now five floating plastic islands in different oceans across the world, with the largest island even having a name, the Great Pacific Garbage Patch, which is three times the size of France. Lying between California and Hawaii, it is . . . → Read More: Blockchain and the world’s growing plastic problem Hong Kong-based crypto exchange AAX has reiterated that its suspension of withdrawals on the platform has nothing to do with the ongoing fallout from FTX’s collapse and rumors to the contrary are false. The crypto community reported seeing a “System upgrade notification” message on Nov. 13, which said that a system upgrade “is . . . → Read More: AAX reiterates withdrawal halt is unrelated to FTX contagion US Dollar, Federal Reserve, Waller, GBP, CHF, CCP, Bali G-20 – Talking Points The US Dollar steadied today after last week’s carnage The Fed’s Waller reminded markets of the inflation fight If China re-opens, will that re-ignite price pressures? Recommended by Daniel McCarthy Get Your Free USD Forecast . . . → Read More: US Dollar Finds Firmer Footing After Fed Clarification. Has the DXY Index Peaked? Gold, Inflation, De-globalization, Interest Rates—Talking Points Gold has looked more like a risk asset than any sort of haven for months In truth rising interest rates have dimmed its appeal, as they usually do When yield is easier to come by, non-yielding assets suffer Recommended by David Cottle Get . . . → Read More: Gold Looks Like Neither Inflation Hedge nor Safe Haven Bitcoin (BTC) investors have been increasingly moving their holdings to self-custody solutions following the collapse of the world’s second-largest crypto exchange last week. On-chain exchange flow data is showing a surge in withdrawals to self-custody wallets, according to analytics provider Glassnode. In a Nov. 13 post on Twitter, Glassnode reported that Bitcoin exchange . . . → Read More: Exchange outflows hit historic highs as Bitcoin investors self-custody Japanese Yen, USD/JPY, US Dollar, Bank of Japan, Fed, Trend – Talking Points USD/JPY snapped lower and appears vulnerable to start the week The Bank of Japan might have a tricky period ahead on fundamental data If the Yen keeps strengthening, is the peak in place for USD/JPY? Recommended by . . . → Read More: Japanese Yen Boosted Against US Dollar on Soft US CPI. Has USD/JPY Broken Trend? Recommended by Daniel Dubrovsky Get Your Free Equities Forecast Get My Guide Market sentiment notably improved this past week. On Wall Street, Nasdaq 100, S&P 500 and Dow Jones futures soared about 8.4%, 5.7% and 4.02%, respectively. This was some of the best performances in months. Risk . . . → Read More: Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Bitcoin, FTX, G-20 Summit How does one build a Bitcoin (BTC) community? How to start? Where to begin? And what are the best practices? Cointelegraph spoke to Bitcoin community builders around the world to shed light on a growing phenomenon in the Bitcoin world. From Indonesia to South Africa to El Salvador and the Congo, circular-based Bitcoin . . . → Read More: How to build a Bitcoin Beach: Advice from the pros Bitcoin (BTC) investors are withdrawing funds from exchanges at a rate not seen since April 2021, with nearly $3 billion in Bitcoin withdrawn over the past seven days. New data from on-chain analytics firm Glassnode shows that the number of wallets receiving BTC from exchange addresses hit almost 90,000 on Nov. 9. Exchange users wake . . . → Read More: $3 billion in Bitcoin left exchanges this week amid FTX contagion fears Canadian Dollar – Talking Points USDCAD sinks to key support on continued USD weakness BoC Gov Macklem opens door to smaller rate hikes Canadian inflation data on deck next week Recommended by Brendan Fagan Get Your Free Top Trading Opportunities Forecast Get My Guide Canadian Dollar Outlook: . . . → Read More: Canadian Dollar Forecast: Outlook Hinges on Inflation Data Following USDCAD Plunge The fall of FTX highlighted the importance of proof of reserves in averting risks and improving investor confidence, urging leading crypto exchanges to publicly list down their cold and hot wallet addresses. When trying to confirm the availability of funds on Crypto.com, cold store information revealed a suspicious transfer of 320,000 Ether (ETH) to . . . → Read More: Crypto.com accidentally sends 320k ETH to Gate.io, recovers funds days after Euro Rate Talking Points EUR/USD clears the September high (1.0198) following the larger-than-expected slowdown in the US Consumer Price Index (CPI), with the exchange rate on track to test the August high (1.0369) ahead of the US Retail Sales report amid growing speculation for a smaller Federal Reserve rate hike in December. . . . → Read More: EUR/USD Rate Eyes August High Ahead of US Retail Sales Report 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 FTX and Binance’s ongoing saga: Everything that’s happened until . . . → Read More: FTX goes up in flames and impacts broader crypto industry, causing regulators to respond: Hodler’s Digest, Nov. 6-12 Gold Fundamental Forecast – Slightly Bullish Gold prices soared the most since March 2020 last week Soft US inflation data saw traders eye a less hawkish Fed Keep an eye on Fedspeak, US PPI and retail sales ahead Recommended by Daniel Dubrovsky Get Your Free Gold Forecast . . . → Read More: Gold Price Forecast: Soft US Inflation Data Has XAU/USD Eyeing Less Hawkish Fed Despite being underpinned by blockchain technology that promises security, immutability, and complete transparency, many cryptocurrencies like Bitcoin SV (BSV), Litecoin (LTC) and Ethereum Classic (ETC) have been subject to 51% attacks several times in the past. While there are many mechanisms by which malicious entities can and have exploited blockchains, a 51% attack, or . . . → Read More: What is a 51% attack and how to detect it? Bitcoin (BTC) will recover from the FTX “black swan event” just like other setbacks, trading team Stockmoney Lizards believes. In a tweet on Nov. 12, the popular commentator argued that the week’s events were actually nothing new for Bitcoin. FTX “a real black swan event” Despite falling 25% in days, BTC/USD is not doomed . . . → Read More: Bitcoin will shrug off FTX ‘black swan’ just like Mt. Gox — analysis US DOLLAR WEEKLY FORECAST: SLIGHT BEARISH The U.S. dollar plummeted this week following weaker-than-expected U.S. inflation data Slowing price pressures may lead the Federal Reserve to adopt a less hawkish stance, prompting policymakers to slow the pace of interest rate hikes as soon as their next meeting The downward correction in yields could . . . → Read More: US Dollar Outlook Turns Bearish as Slowing Inflation May Further Weigh on Yields Bitcoin (BTC), Solana (SOL), and FTX (FTT) Prices, Charts, and Analysis: Binance backs out of a potential FTX bailout after looking at the books. FTX and Alameda are under heavy regulatory scrutiny. Liquidity concerns continue to roil the market. Recommended by Nick Cawley Get Your Free Bitcoin Forecast . . . → Read More: Cryptocurrency Meltdown Pauses After FTX and Alameda Implosion Nasdaq 100, Dow, Bitcoin, Event Risk and Dollar Talking Points: The Market Perspective: USDJPY Bearish Below 146; EURUSD Bullish Above 1.0000; Gold Bearish Below 1,680 Volatility was wide spread this past week, but the charge from the US CPI and crypto market turmoil doesn’t necessarily have to carry over to the new trading week . . . → Read More: S&P 500 Run Looks to Earnings, Dollar Tumble to Rate Forecasts, Bitcoin to Market Stability Australian Dollar Forecast: Neutral The Australian Dollar jumped higher as the US Dollar sank A soft US CPI number saw risk assets soar across the board RBA disparity with the Fed approach might deliver different results Recommended by Daniel McCarthy Get Your Free AUD Forecast Get My . . . → Read More: Australian Dollar Outlook: US Dollar Crunch Boosts Aussie Up until the start of this week, Bitcoin (BTC) had been demonstrating record-low volatility, and this gave altcoins enough latitude to paint some nice technical setups. At the same time, on-chain data and technical analysis were beginning to suggest that BTC was midway through carving out a bottom, and many analysts believed that brighter . . . → Read More: 3 key crypto price events to watch in the wake of the FTX and Alameda debacle The total cryptocurrency market capitalization dropped by 24% between Nov. 8 and Nov. 10, reaching a $770 billion low. However, after the initial panic was subdued and forced future contracts liquidations were no longer pressuring asset prices, a sharp 16% recovery followed. Total crypto market cap in USD, 2-days. Source: TradingView This week’s dip . . . → Read More: Total crypto market cap drops to $850B as data suggests further downside Bitcoin (BTC), Ether (ETH) and cryptocurrency-linked stocks like MicroStrategy are seeing a sharp downturn after news broke that FTX announced filing for Chapter 11 bankruptcy and Sam Bankman-Fried stepped down as CEO. Bitcoin, Ether and MicroStrategy comparison. Source: TradingView Crypto-linked stocks decline MicroStrategy’s stock, led by the outspoken Bitcoin advocate Michael Saylor, is down . . . → Read More: Bitcoin slips under $17K, crypto stocks tumble in reaction to FTX bankruptcy The repercussions of the cataclysmic FTX downfall are going to be broader than the crypto markets, as they will accelerate downward moves in stocks and commodity markets, according to Mike McGlone, senior marco analyst at Bloomberg. “Bitcoin has been one of the leading indicators on the way up, and it’s a leading indicator . . . → Read More: FTX crisis likely to spark a domino effect, macro analyst explains POUND STERLING ANALYSIS & TALKING POINTS Stacked week ahead for the UK – employment, inflation and fiscal statement. Headwinds for the GBP will likely re-emerge in due course leaving the pound vulnerable. Bear flag remains in play however, bull seek upside breakout. Trade Smarter – Sign up . . . → Read More: British Pound Weekly Forecast: Data Filled Week for GBP Bitcoin, Ethereum Talking Points: It was a big week in the crypto space and over the past seven days the industry has changed dramatically after news of a gaping hole in the balance sheet of FTX. After a rescue was announced with Binance as the savior, they walked away after seeing the books, and . . . → Read More: Bitcoin Falls, ETH Tests Support on Fears of Cascading Crypto Crisis after FTX BK CONSUMER SENTIMENT KEY POINTS: November consumer sentiment falls to 54.7 from 59.9 in October, well below market expectations The pullback in confidence suggests Americans are becoming more pessimistic about the economic outlook U.S. dollar extends losses after the survey release, but the move may be largely likely related to yesterday’s October CPI data . . . → Read More: US Consumer Sentiment Falls to Lowest Level Since July, Reinforcing US Dollar Weakness The annual supply rate of Ether (ETH) slipped below zero for the first time since Ethereum’s transition to proof-of-stake via the Merge in September. The reason? A spike in on-chain activity amid a massive cryptocurrency market crash. Ether turns deflationary for real As of Nov. 9, more Ether tokens are being burned than created as . . . → Read More: Ethereum turns deflationary for the first time since the Merge — ETH price still risks 50% drop Amid the ongoing market turbulence for Bitcoin (BTC) and other cryptocurrencies, some big investors are waking up to move their BTC holdings that were untouched for about a decade. According to on-chain data, seven dormant Bitcoin wallets awakened on Nov. 11 to move a total of 3,500 BTC ($60,6 million) to new addresses. . . . → Read More: Wake up call? Bitcoin wallets move 3,500 BTC dormant since 2011 Key Points: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter USD/CAD FUNDAMENTAL OUTLOOK The Canadian Dollar rallied yesterday breaking below the stubborn 1.35 level and . . . → Read More: USD/CAD Slides as the Dollar Index Suffers Worst Day of Losses in 2022 Ether (ETH) price shed roughly 33% between Nov. 7 and Nov. 9 after an impressive $260 million in future contracts longs (buyers) were liquidated. Traders using leverage were surprised as the price swing caused the largest impact since Aug. 18 at derivatives exchanges. Ether/USD 4-hour price at Bitfinex. Source: TradingView The $1,070 price level . . . → Read More: Traders take a neutral position after Ethereum futures contracts see massive liquidations Bitcoin (BTC) is setting unenviable records this week as hodlers big and small battle some major pain. Data from on-chain analytics firm Glassnode shows over one-third of the BTC supply being held at a loss by long-term hodlers (LTHs) — a new all-time high. Long-term holders shoulder record unrealized losses Profitability has taken a . . . → Read More: Hodlers in loss sit on 50% of BTC supply after $5.7K Bitcoin price dip Japanese Yen, USD/JPY, US Dollar, US CPI, Crypto, FTX, PPI, Crude Oil, Gold – Talking Points The Japanese Yen firmed dramatically after the US Dollar sailed south US CPI sparked a rush toward growth assets, with equity markets roaring If the Fed pulls back on hiking, does that mean USD/JPY has seen the . . . → Read More: Japanese Yen Holds Ground as Inflation Data Sinks the US Dollar. Lower USD/JPY? Bitcoin, BTC/USD, China, India, Market Sentiment, Technical Outlook – Talking Points Asia-Pacific markets look poised for gains on Friday after market sentiment surged overnight India to release industrial and manufacturing production data as APAC traders digest US CPI BTC/USD faces a recently broken zone of support after rebounding from multi-year lows Friday’s Asia-Pacific . . . → Read More: Bitcoin Rebound in Doubt Amid Crypto Market Woes as APAC Markets Eye Risk-On Session Bitcoin (BTC) crashed below $16,000 on Nov. 9, driving the price to its lowest level in two years. The two-day correction totaled a 27% downtrend and wiped out $352 million worth of leverage long (buy) futures contracts. To date, Bitcoin price is down 65% for 2022, but it’s essential to compare its price action . . . → Read More: Bitcoin options data shows sub-$17K BTC price gives bears a $200M payday on Friday Optimism developers jvmi and Kelvin Fichter released a new app called Magic Mirror on Nov. 9 that allows NFT holders to copy or “mirror” their Optimism NFTs to the Ethereum mainnet. NFT holders can now use their Optimism NFTs in a variety of verified apps, such as in Twitter’s profile badge system — . . . → Read More: New tool mirrors Optimism NFTs to Ethereum mainnet for use in verified apps US Stock Market Key Points: • The S&P 500, Dow and Nasdaq 100 hit monthly highs after a softer-than-expected inflation report set a positive tone in risk assets • US Treasury yields and USD plunge • All eyes are on tomorrow’s University of Michigan’s Consumer Sentiment Most Read: US Inflation Falls to 7.7% from . . . → Read More: Nasdaq 100, S&P 500, Dow Rally as US Inflation Surprises to the Downside Dax 40, US Dollar Talking Points Dax 40 roars higher before stalling at 14173. S&P 500 futures rise over 4% after a downward surprise in US CPI (October) as rate hike bets for December ease. US Dollar weakness and lower yields contribute to the bullish move in equities. Recommended by . . . → Read More: Dax 40 Explodes after US Inflation Shows Positive Signs of Easing Bitcoin (BTC) surged $1,000 in five minutes before the Nov. 10 Wall Street open as United States inflation and jobs data boosted risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView CPI comes in lowest since the start of 2022 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to daily highs of . . . → Read More: Bitcoin price gains $1K in minutes as CPI data deals DXY fresh 2% dip USD, Gold, EUR/USD Talking Points: This morning brought the release of CPI data out of the US for the month of October. The data came in well-below expectations, with Core CPI coming in at 6.3% against an expectation of 6.5% and headline CPI printing at 7.7% versus an 8.2% expectation. This has led to . . . → Read More: USD Slammed, Gold and EURUSD Jump After CPI In light of the FTX liquidity crisis and the near-acquisition by Binance, Binance CEO Changpeng “CZ” Zhao assured his community that his network would provide full transparency on asset holdings. On Nov. 10, Binance published a new page titled “Proof of Assets” on which all details are available of its on-chain activity for its . . . → Read More: Binance shares wallet addresses and activity after proof-of-reserve pledge Bitcoin (BTC) and crypto markets saw fresh volatility on Nov. 10 after stablecoin Tether (USDT) unpegged from the United States dollar. USDT/USD 1-day candle chart (Binance US). Source: TradingView Tether executive: “No issues” with USDT Data from Cointelegraph Markets Pro and TradingView showed USDT hitting lows of $0.971 on Bitstamp on the day amid . . . → Read More: Analysts urge calm as Tether depegs from USD, Bitcoin loses $17K rebound Hardware-based cryptocurrency wallet provider Ledger has experienced some issues due to massive outflows from crypto exchanges amid the FTX bloodbath, according to its chief technology officer. Ledger saw a “massive usage” of their platforms and suffered a “few scalability challenges” on Nov. 9, Ledger chief technology officer Charles Guillemet reported in a statement . . . → Read More: Ledger hardware wallets hit by the FTX earthquake — CTO Following the FTX bank run, which accelerated by Nov. 7, Bitcoin (BTC) price started to buckle and, at the time of writing, lost 21% in five days. Among the victims of the swift market meltdown is the world’s largest institutional Bitcoin fund, the Grayscale Bitcoin Trust (GBTC). On Nov. 9, the GBTC closed . . . → Read More: Grayscale Bitcoin Trust records a 41% discount amid FTX meltdown Bitcoin (BTC) miners could form the next BTC price “trigger,” research warns as withdrawals intensify. In a Quicktake post for on-chain analytics platform CryptoQuant on Nov. 10, contributor MAC.D suggested that miners could soon face “bankruptcy.” Research: Network conditions “will strangle” miners After BTC/USD fell 20% in a matter of days, miners began operating at . . . → Read More: Bitcoin miners ‘next trigger’ for BTC price crash as outflows hit multi-month highs Gold, XAU/USD, US Dollar, CPI Report, Technical Analysis – Briefing: Gold prices mark time as US Dollar gains, bond yields fall All eyes turn to October’s US inflation report, will it beat? Higher prints may dent XAU/USD as traders focus on Fed Recommended by Daniel Dubrovsky Get Your . . . → Read More: Gold Prices May Fall on October US Inflation Data, Here are Key Levels to Watch British Pound, GBP/USD, US Dollar, Crypto, FTX, Crude Oil, Gold – Talking Points British Pound support wilted after US Dollar resumed strengthening Crypto chaos leaked into many markets as concerns grow a liquidity crunch US CPI lies ahead and may see more volatility. Will GBP/USD test the downside? Recommended by . . . → Read More: British Pound Pummelled as Crypto Contagion Engulfs Risk Assets. Lower GBP/USD Again? S&P 500, VVIX, Bitcoin, CPI, Dollar, EURUSD and USDJPY Talking Points: The Market Perspective: USDJPY Bearish Below 146; EURUSD Bullish Above 1.0000; Gold Bearish Below 1,680 As the US midterms pass without a definitive outcome for markets and the economy, focus now shifts to the high-profile CPI release The trouble in the crypto market . . . → Read More: What Dollar Impact to Expect from US CPI and Is This Crypto’s Lehman Moment? Crude Oil, WTI, China, Inventory, Refinery Capacity, Technical Outlook – Talking Points Crude oil prices are under pressure as China increases lockdown measures as Covid spreads A surprise build in US stockpiles and the restarting of a major US refinery pose headwinds WTI prices extend drop from the 100-day SMA, but a triangle . . . → Read More: Crude Oil Price Forecast: China Virus Curbs Weigh on WTI, but Chart Shows Chance for Breakout The total value locked (TVL) on the Solana chain has plummeted 32.4% in the last 24 hours, as news stemming from the collapse of FTX has sent waves through the crypto ecosystem. According to DefiLlama, at the time of writing, Solana’s TVL has fallen to $423.68 million, down 32.4% in the last 24 hours, . . . → Read More: Solana TVL drops 32.4% as FTX turmoil rocks ecosystem Canadian Dollar Talking Points USD/CAD trades back above the 50-Day SMA (1.3524) as it rebounds from a fresh monthly low (1.3387), but the exchange rate may struggle to hold above the moving average as the US Consumer Price Index (CPI) is anticipated to show slowing inflation. Recommended by David Song . . . → Read More: USD/CAD Climbs Back Above 50-Day SMA Ahead of US CPI Investor sentiment in the crypto market is floundering after Binance decided to nix its agreement with FTX to purchase the distressed cryptocurrency exchange. The events have sent Bitcoin to a new yearly low, while other altcoins have also taken a sharp downturn. Data from Cointelegraph shows Bitcoin (BTC) declining to $15,698 amid the . . . → Read More: Bitcoin price hits multi-year low at $15.6K, analysts expect further downside Ethereum layer-2 scaling platform StarkWare has officially launched the StarkNet Foundation with the introduction of a diverse board that aims to safeguard Ethereum’s decentralization and censorship resistance. Seven individuals, including key members from the Ethereum ecosystem and wider cryptocurrency space, will head up the non-profit entity. An announcement shared with Cointelegraph outlined the role . . . → Read More: L2 is crucial to Ethereum decentralization, censorship resistance, says researcher No, it’s not Groundhog Day. Subway is accepting Bitcoin (BTC), again — but this time it’s using the fast, nearly free Bitcoin Lightning Network. Kicking off the 7-day #usingbitcoin week with Lunch at Subway, Chausseestrasse in Berlin! 50% off when paying with #bitcoin#spendyourbitcoin pic.twitter.com/f81kdMOnEQ — felix (@felixbillert) October 19, 2022 The world’s . . . → Read More: Subway accepts Bitcoin, so users can get a sandwich on the Lightning Network Crypto markets crumbled for a second day as the fallout from FTX’s liquidity troubles continued to negatively impact investor sentiment. Throughout the day Bitcoin (BTC) price dropped, falling to a new yearly below $16,000 as Binance announced that it would back out of its agreement to acquire FTX. Investors had pinned their hopes on . . . → Read More: Bitcoin sinks under $16K as FTX insolvency fears turn into contagion Bitcoin (BTC) fell below $17,000 on Nov. 9 as rumors spread over crypto exchange Binance exiting a deal to buy embattled competitor FTX. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance CEO: “Do not trade FTT” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $16,936 on Bitstamp before rebounding. The latest dive hit . . . → Read More: Bitcoin price risks $17K amid claim Binance may reject FTX takeover Blockchain software technology firm ConsenSys continues working on expanding blockchain interoperability by introducing a new tool for the MetaMask crypto wallet. MetaMask users can now bridge across multiple blockchain networks using MetaMask Bridges, which aggregates different blockchain bridges in one place, ConsenSys announced on Nov. 9. MetaMask Bridges supports major blockchains compatible with . . . → Read More: MetaMask allows moving tokens on multiple blockchains with new DApp Despite crypto markets being on a downturn, members of the community have expressed their undying faith that Bitcoin (BTC) and crypto are here to stay. Even with the FTX and Alameda Research debacle highlighting issues within the crypto market, a community member urged others not to be stressed. The Twitter user argued that . . . → Read More: Bitcoin and crypto here to stay despite market turmoil: Community Satoshi Nakamoto developed the first decentralized cryptocurrency called Bitcoin (BTC) and referred to it as “a peer-to-peer electronic cash system.” As per Bitcoin’s white paper, online payments could be made directly from one party to another without going through a banking institution with a peer-to-peer version of electronic cash. That said, other than using . . . → Read More: How to pay your bills with cryptocurrency? US Dollar, USD/JPY, Yen, Crude Oil, Gold, China, CPI, PPI, BTC, FTX – Talking Points The US Dollar is struggling to gain traction as Treasury yields ease China woes are questioning global economic growth amid soft inflation data The Fed and the market eye tomorrow’s US CPI. Will it rescue USD/JPY? . . . → Read More: US Dollar Under Pressure as Treasury Yields Ease Ahead of US CPI. Where to for USD/JPY? S&P 500, VVIX, Bitcoin, Gold, Dollar and CPI Talking Points: The Market Perspective: USDJPY Bearish Below 146; EURUSD Bullish Above 1.0000; Gold Bearish Below 1,680 We are moving through the US mid-term elections which generated great anticipation among risk-leaning assets but are unlikely to offer great clarity Anticipation for Thursday’s CPI release is likely . . . → Read More: S&P 500, Volatility and Dollar Move from Midterms to CPI Anticipation While Crypto Shudders Gold, Silver, US Dollar, FOMC, CPI, ETF Flows, COT, Technical Outlook – Talking Points Gold and silver prices approach key technical levels as fundamentals improve The US CPI inflation report on Thursday poses a risk to the precious metal rally XAU/USD eyes a Triple Bottom breakout, while XAG/USD probes its 200-day SMA . . . → Read More: Gold and Silver Forecast: XAU, XAG at Key Technical Levels as US CPI Nears Bitcoin (BTC) mining company Marathon Digital Holdings is now understood to be the second-largest holder of Bitcoin in the world among publicly-listed companies. During the company’s third-quarter earnings call on Nov. 8, Marathon Digital CEO Fred Thiel revealed the company now holds 11,300 Bitcoin — worth around $205 million — “making Marathon the . . . → Read More: Marathon is now the 2nd-largest listed holder of Bitcoin, says CEO EUR/USD Rate Talking Points EUR/USD registers a three-day rally as it extends the advance following the US Non-Farm Payrolls (NFP) report, and the exchange rate may attempt to test the September high (1.0198) as it clears the October high (1.0094). Recommended by David Song Get Your Free EUR . . . → Read More: EUR/USD Clears October High to Eye September High Binance CEO Changpeng “CZ” Zhao has shared his take on “two big lessons” to be learned from the FTX saga, saying cryptocurrency firms shouldn’t use their own tokens as collateral and should also keep “large reserves.” In a Nov. 8 tweet, Zhao laid out two learnings after the significant “liquidity crunch” at FTX . . . → Read More: Binance CEO shares ‘two big lessons’ after FTX’s liquidity crunch Australian Dollar, AUD/USD, China, CPI, PPI, Covid-19, Hang Seng – Talking Points The Australian Dollar drifted sideways after Chinese CPI and PPI data AUD/USD could be at the whim of broader sentiment on China re-opening Soft price pressures might change Chinese policy. Will this move AUD/USD? Recommended by Daniel McCarthy . . . → Read More: Australian Dollar Steady, Yuan Wobbles as Chinese Inflation Cools. Lower AUD/USD? After topping the $21,500 mark on Nov. 4, Bitcoin (BTC) price is down by 14% on Nov. 8, reaching a new yearly low at $17,166 — and most altcoins are following suit. While the Binance and FTX news initially caused an uptick in the market, the day turned south as various unconfirmed sources speculated . . . → Read More: Why is Bitcoin price down today? FTX Token (FTT) and Solana’s SOL (SOL) endured a tough weekend of trading that saw altcoins take double-digit losses in the 15%–30% range, but the tide turned as news broke that Binance could be in the process of acquiring FTX. On Nov. 8, FTX CEO Sam Bankman-Fried first took to Twitter to announce a . . . → Read More: FTX Token, BNB and Solana soar after Binance CEO inks potential deal to acquire FTX Bitcoin (BTC) saw major volatility after the Nov. 8 Wall Street open as turmoil over crypto exchange FTX punished markets further. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance hints at plan to buy FTX Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $19,244 on Bitstamp, marking the pair’s lowest levels in two weeks . . . → Read More: Bitcoin price swings to over $20K as Binance helps FTX ‘liquidity crunch’ Crypto communities can often implode, despite the best intentions of everyone involved. Genuine communities with plausible but convoluted project ideas can fail just as easily as projects like DeFi Wonderland, which imploded because of its CFO’s connection to the controversial, defunct Canadian exchange QuadrigaCX. Plausible projects face scaling challenges like Zilliqa or . . . → Read More: How to stop your crypto community from imploding Ethereum’s Shanghai upgrade, the next major upgrade post Merge, is slated for the second half of 2023. The upgrade would be a key milestone as it would allow holders who have staked their Ether (ETH) for years to withdraw them systematically and make the network more scalable. Apart from some of the major . . . → Read More: Ethereum Shanghai upgrade: EIP-3651 to cut gas fees for key network participants Euro, EUR/USD, US Dollar, Mid-term, Crude Oil, Gold, RBNZ, Orr – Talking Points Euro support is intact for now, but the US Dollar could resume strengthening The mid-terms might trigger volatility across markets, but US CPI will also be a focus If the US Dollar reclaims its ascendency, will EUR/USD resume its downtrend? . . . → Read More: Euro Holds High Ground as US Dollar Sidelined Ahead of Mid-Terms. Higher EUR/USD? S&P 500, VIX, Dollar, EURUSD and USDCNH Talking Points: The Market Perspective: USDJPY Bearish Below 146; EURUSD Bullish Above 1.0000; Gold Bearish Below 1,680 A disparity between realized and expected volatility persists with seasonal expectations confronting very real systemic problems on the horizon – creating a very uneven backdrop Scheduled event risk over the . . . → Read More: Dollar Collapse Paused and S&P 500 Unsure as Extreme Volatility Confronts CPI Wait Countries failing to adhere to anti-money laundering (AML) guidelines for cryptocurrencies could find themselves added to the Financial Action Task Force’s (FATF’s) “grey list.” According to a Nov. 7 report from Al Jazeera, sources say the global financial watchdog is planning to conduct annual checks to ensure countries are enforcing AML and counter-terrorist . . . → Read More: Countries ignoring crypto AML rules risk placement on FATF’s ‘grey list’ — Report Copper, China, Covid, Rates, COT, Technical Outlook – Talking Points Copper prices are slightly lower in Asia-Pacific trade but last week’s gain holds China’s Covid-19 policy is critical to industrial metals as rate forecasts moderate Symmetrical Triangle breakout may resume after prices test former resistance Trade Smarter – . . . → Read More: Copper Prices May Resume Triangle Breakout as Speculators Ease Short Bets GOLD, XAU/USD, US DOLLAR, FED, REAL YIELDS – Talking Points Gold has found higher ground as the US Dollar slips across the board At the same time, US real yields have been holding the high ground If US CPI surprises, gold could get caught in the vortex. Will XAU/USD rally? . . . → Read More: Gold Price Steadies on US Dollar Weakness Ahead of US CPI. Where to for XAU/USD? Australian Dollar Talking Points AUD/USD is on the cusp of testing the monthly high (0.6492) as it preserves the advance following the US Non-Farm Payrolls (NFP) report, and the exchange rate may stage another run at the October high (0.6547) if it clears the opening range for November. Advertisement AUD/USD to Stage Another . . . → Read More: AUD/USD to Stage Another Run at October High on Break Above Monthly Opening Range 147 days have passed since Bitcoin (BTC) closed above $25,000, and the result is that investors are less sure that the $20,000 support will hold. Backing these concerns are persistent global financial and macroeconomic tensions, which escalated on Nov. 7 after European Union officials expressed concerns over the $369 billion U.S. Inflation Reduction Act. . . . → Read More: Bitcoin bulls fail to hold $21K, but pro traders refuse to flip bearish |
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