MisterAbdullah

HOT SCOOP A new piece of information states that one of the senior software engineers officially refuted the false rumors about Apple and Google supporting $XRP .

 Most of the community had been spreading rumors that both tech powerhouses were incorporating or promoting $XRP into their ecosystems but the engineer clarified that there is no technical or business foundation to the rumors.

According to the engineer, the alleged evidence was based on misinterpreting system files and generic developer frameworks which were shared by a series of applications. All these files show no collaboration, integration, or support of $XRP even though the news is flooding social media.

This has brought down the speculation particularly among the traders who felt that a big adoption sign was imminent. Although XRP is a significant asset that is of high interest to institutions, the engineer insisted that rumors are not to be confused with confirmat

$BTC has just arrived at the vital stage of $92,00093,000 but was decisively rejected, and this is evidence that the market is yet to overcome this significant obstacle.

This level has served as powerful ceiling on a number of occasions portraying that buyers require greater strength to be pushed higher.

Currently, the next major support of about 88,000 is the focus. This area is very crucial since retest here may define the short term orientation of $BTC .

In case the buyers can justify this level, then this would be an indication of the healthy market structure and rejuvenated bullish momentum.

$BTC could have the impetus required to take the next step on its way up, should the $88,000 support succeed. High bounce of the same would portray that the bullish sentiment still persists and it might be a stepping stone towards another peak to go past the 93,000 resistance. At this stage, the market is still at a critical stage of consolidation awaiting a decisive action.

President $TRUMP pointed out that $BTC and the crypto industry as a whole have taken a key position in determining the future of finance in & world market. 

#crypto #bitcoin #china

He underscored the fact that digital assets are no longer luxurious they are becoming a strategic requirement of countries that desire to & ahead.

He cautioned that without the United States accelerating on or even neglecting crypto innovation other nations will soon gain the advantage such as China. 

Such a technological change can affect not only economies and international markets, but also national security. This quote by Trump is indicative of an increasing understanding among global leaders crypto is not only an investment trend it is also a competitive arena where geopolitical powers & competing to take the lead. 

The one that adopts it first will be defining the financial future of tomorrow.

The spot $BTC ETF of Blackrock is now the fastest-growing success story in the financial sector, and even the founder of Binance CZ has taken notice of its skyrocket growth.

This ETF has increased in a single year more than any other in history, indicating a giant outburst of institutional trust in $BTC .

CZ added that the ETF is still new and is just one year old but the ball it has set is rolling like never before. Such an adoption demonstrates the speed at which $BTC is leaving the niche digital asset market into the mainstream investment domain.

What is even more notable about this growth is the size of the traditional finance players that have been competing to gain exposure to Bitcoin.

The fast rise of BlackRock is an indication of a significant change in the positioning of the largest institutions globally in the future of digital assets.

Assuming this is the appearance of the market during its beginning stages then the coming years might recalculate speed at which the crypto is incorporated into world finance.

The open interest of $BTC has recently hit a historic low during the whole cycle, which is an indicator of significant market position recalibration. 

Within a short period of 52 days, $BTC OI dropped drastically to billion through a colossal decline of billion, which startled traders.

The underlying cause of this move was aggressive long squeeze, which eliminated over-leveraged positions, as well as sweeping out excess speculative demand.

The sudden unwinding has reverted the market to the healthier structure following weeks of volatility.

A deep recession normally signals the completion of a heavy leverage accumulation and it may leave space in which a more sustainable trend develops. 

The market has now the breathing space that it may need since open interest is at all time lows in the cycle.
The traders will observe keenly whether this reset will stimulate stability- or fuel the next big move of Bitcoin.

Grant Cardone has disclosed that he had been initially introduced to $BTC 13 years ago when someone offered him a payment in the form of 115 $BTC which was worth approximately 50,000 dollars back then.

This decision which appeared a risky one at the time has become one of his best long term victories. The same number of $BTC can now fetch around 11 million dollars just how huge the growth of the asset has been in the last decade. 

The move by Cardone to retain all his job without even selling it once has shocked many people in the society. His narrative emphasizes the strength of conviction over the long term and the insane potential of crypto early adoption. 

Most people were buying and selling, but the patience of Cardone proves that what can be really accomplished by holding during the down cycles.

To investors and people joining the industry, this is a lesson that even small initial choices could become life changing in the realm of Bitcoin.

Japan is also making significant monetary changes because the Bank of Japan is indicating an increase in the interest rate. This is at a point of time when USD JPY is fast closing in 156 level putting the yen under pressure to the alarm of the world markets.

#JPYUSD #USD

The Japanese increase in rate would signal a shift in the long time ultra-loose monetary policy. This development is being monitored keenly by the traders because a minor correction by the BOJ can have a powerful effect on the currency flows and risk sentiment.

As the yen has weakened and the market volatility has increased, the investors are setting themselves to move. Should the BOJ verify this rate increase, it would change the tide in the forex market, stocks and even the crypto market since liquidity levels will change.

Bolivia officially declared that it is going to incorporate $BTC and other cryptocurrencies into its national financial system.

 This is a significant change in the attitude of the country to digital assets and an indication of the increasing neutrality towards crypto on the government level.

$BTC #Bolivia

When Bolivia permits crypto to enter its financial system that is regulated, it is opening the door to broader use and increasing access to financial services as well as opportunities to innovate in digital payments and banking services.

The relocation is an indicator that Bolivia is willing to modernize its financial ecosystem and keep in pace with the world changes, as more countries explore or are adopting crypto-friendly policies. 

It also places the country in the position to pursue new investment and the future of its economy. All in all, the crypto community has reacted to this announcement with high excitement because Bolivia is making a bold move towards the complete adoption of $BTC and digital assets.

Recent figures indicate that the entire crypto portfolio of President Trump is now in $ETH and it is a significant issue concerning the market. 

This focused distribution has attracted the interest of traders who are seeking indicators regarding his long-term perspective of digital assets.

Although most personalities who enjoy publicity have been diversifying to various chains, Trump has been the only individual who has been specific on the use of $ETH thereby indicating a high degree of trust in the Ethereum ecosystem. It can be written either in faith in its technological path, institutional buy-in, or future upgrades but this move is spurring the speculation throughout the crypto industry.

The time frame is also interesting, as Ethereum is still in the center of DeFi tokenization, and innovations in smart-contracts. An endorsement of this profile (or even not) provides added impetus to the discussion that $ETH might be preparing to have a big cycle ahead.

The market is keeping an eye on it at the moment. Having a person with a lot of influence place their whole crypto position on a single chain begs bigger questions as to what they may be expecting out of Ethereum.

The newly introduced $DOGE coin ETF of Grayscale, (GDOG) is not starting off well as it is almost a hundred percent lower than the projected volume of trade. 

Regardless of the hype around the idea of $MEME coin ETFs, the product was only able to attract only .4 million in its first day, significantly less than the industry was willing to predict.

This poor performance points out a large disparity between the market anticipations and the actual demand by the investor. As Dogecoin boasts a huge following and excellent digital presence, it has been much more difficult to convert that excitement into institutional flows.

The poor opening also highlights the extent of interest in meme-coin-related financial products. In the prevailing market environment, investors do not seem to be willing to pursue risky ETFs because liquidity is spread sparse and market sentiment remains reserved.

Nevertheless, volume in the short term does not determine the long-term direction. In the event that meme-assets re-accelerate, or more general risk appetite resumes, then $DOGE

still may be able to put itself on its feet. In the meantime, however, the launch has a very cold start than anyone expected

The current trading bots of the market are highly limited with the majority being based on a single blockchain or confined to a specific market. 

$BTC $SOL

This is a very limited way of looking at things, which makes the traders unable to maximize opportunities thorough in various sectors. The scenery has been long overdue a real upgrade - and that is what @MyAlgoTech is going to do just that.

MyAlgoTech is changing the landscape of algorithmic trading by providing a single platform, which can work in various markets without any problems. Be it trading of Bitcoin, Solana forex, and even conventional stocks, the system is designed to take it. Most traders have been waiting to have this kind of flexibility.

The possibility to adjust to any strategy makes it even stronger. Scalp fast action on 5-minute time, or place yourself atop larger tendencies with daily swing structures. The site is aimed at traders of all types and tastes.The final achievement of algorithmic trading is multi-market compatibility and MyAlgoTech is the service that is bringing this dream to reality.

One of the most significant changes ever to occur in the crypto market has just been announced as JPMorgan has officially applied to launch a giant 4 trillion leverage $BTC product. 

This action is a direct linkage of the performance of the product to the BlackRock Bitcoin ETF and represents a potent indication of how big institutions are responding to $BTC .

This type of filing points out to the fact that the traditional finance is increasingly going towards the digital asset space. The move by a giant like JPMorgan to position itself around Bitcoin using a leveraged instrument is a good signal that the asset will be trusted in the long-run.

Market structure is still evolving as the level of institutional involvement increases. These huge financial artifacts can introduce fresh liquidity, volatility and focus to the crypto industry.This is a giant step and may change the Bitcoin and wider crypto acceptance landscape in future.

The curve of $BTC has taken a sudden direction in the last one year, and now it is almost 10% behind U.S. Treasuries. 

Such deviation is out of character, and in particular, the asset is highly momentum in the long-run and high-risk-premium. It shows a distinct change in behavior within the market.

The fact that investor confidence in risk-on assets has diminished indicates that investor confidence is weak. Although the $BTC habitually enjoys a good liquidity and high speculative flows, the current setting favors less risky and yielding securities, such as Treasuries. This change is indicative of more macro uncertainty and an apprehensive position of market participants.

This type of underperformance is also indicative that risk appetite is quite cold in the crypto industry. In spite of the long-term underlying factors, the short-term sentiment seems to be subjective to high levels of macroeconomic pressure and tightening financial conditions. 

Bitcoin might still have a long way to go to regain its prior momentum, until risk appetite comes back.

Nonetheless, such deviation usually leads to significant change points. With the market mood or the situation with liquidity changing, $BTC might have a chance to gain the ground in the short term. So far, the trend is providing a clear picture of those investors interested in safety as opposed to speculation.

Poly market has been fully approved as an exchange by the CFTC and can now legally conduct its operation in the United States. 

#Polymarket

This is a huge milestone to the platform as well as to the prediction market industry in general.

Through this acceptance, Poly market will no longer be a niche and offshore platform but rather a fully qualified exchange that is based in the United States. 
This change provides a path to a wider involvement, more profound liquidity, and institutional involvement-included factors, which might transform the future of on-chain prediction markets.

The move is also an indicator of the increase in regulatory acceptance of decentralized and blockchain-based financial products. With the U.S. still in the process of developing its framework of digital assets, approvals such as these signify the rapid pace of such changes.

The price action is beginning to show that pressure and $PUMP MP is now at a critical do-or-die basis.

The recent move has taken the chart to a point where sentiment counts heavily and traders are keenly looking forward to what may happen next. Although the structure seems precarious, this is not one of the areas that I would go bearish. 

Price is just closing to a significant support, and the RSI is about to enter the over shot zone, and this is usually an indicator of exhaustion in the negative movement. Such conditions normally appeal to the buyers and not to the sellers.

With the chart being so squashed, this is precisely the sort of area that a bounce would not be unexpected of. It will depend upon the reaction of price in the next few candles to become a strong reversal or a temporary response.

The recent statistics demonstrate that the $USDT dominance (USDT.D) is at the second overextended level in its history according to the Fisher score. 

Such extreme positioning is a rare occurrence and is normally an indication that the market has gone too far in a given direction. The $USDT dominance is normally high when there is heavy selling within the crypto market due to the fear. Investors sit on stable coins as opposed to risking, which leads to a situation in which sentiment is unusually tight.

These signals of oversold conditions show that the larger crypto market is in a region of huge reversals. There is the likelihood of a multiplier effect on a surge comes the time the history repeats itself and confidence is restored.

The most recent U.S. economic is in and the Producer Price Index (PPI) of September is slightly higher than anticipated at 2.7 against the forecast of 2.6.

This slight increase is an indication that there is still inflationary pressure on the production side albeit in a modest form.

Nevertheless the Core PPI which does not include food and energy was at 2.6 percent year-over-year under the anticipated 2.7. 

This lighter Core reading indicates that there might be a backlot of inflation that is cooler than the headline figures showing mixed signals to the market.

All in all the report has added another twist of uncertainty because traders are thinking of what will be the next action of the Federal Reserve. 

The markets will be keen to observe how this information will impact the timing of future policy changes and the direction it will provide momentum in all the risk assets including crypto.

The Federal Reserve has made a surprisingly super dovish move which indicated a significant change in its economic perspective. 

#miran

Federal Reserve member Miran said that the economy needed a massive rate cut, and the tone is totally different to the previous months.

He also reiterated that he no longer regards inflation as a problem and that the central bank is now ready to ease the monetary policy at a rate that is much faster than anticipated. 

This is a serious turning point in the markets because the liquidity conditions may shift quickly.

As rate cuts may be imminent, liquidity will become a tsunami, giving the risk assets a very favorable environment. Crypto markets especially seem in a good place to make a big move, and the next big market move may be imminent than some might assume.

A big change is taking place in the crypto ETF market where Vanek has officially filed an S-1 amendment of its spot $BNB ETF with ticker VBNB. 

This action is an indication that the historical U.S. spot BNB ETF may not be as far away as most people think. In case it is accepted, it would be a massive step in the journey of Binance Coin and the rest of the altcoins.

The filing of VanEck also reveals that it would list the ETF on Nasdaq and $BNB would be next to other leading digital asset products listed on big exchanges in the U.S. Such mainstream integration is usually considered to be a good sign of increasing institutional demand.

The idea of spot BNB ETF has already become the focus of the attention of the traders, in particular, in the context of the recent momentum in the ETF industry. The spot products have the tendency of increasing liquidity, inflows and the visibility which can considerably impact market performance in the long term.

Although this amendment is not a certainty, the manner in which it is being approved and the time of its approval indicates that things are getting faster. This may mark a new era of $BNB in the financial markets of the U.S. to many investors.

Finally, a reminder to the market viewer the U.S. Producer Price Index (PPI) and Core PPI today will be released at 8.30 AM ET. 

These inflation signals usually contribute significantly to short term market mood particularly during the build up to the important Federal Reserve actions.

Both PPI and Core PPI are currently pegged at 2.7 & this is an indicator that analysts are seeking consistent inflationary pressure within the producer side. These predictions would be met with strong responses in equities, bonds, and crypto should there be an increase or a decrease in them.

 This is especially significant since it is the first print of PPI since September 10, and it is a new piece of data on traders who are awaiting new inflation patterns. The markets are already on the edge and with the already volatile numbers, now it can be the time to set the tone of the rest of the week.

 It is as usual volatile around the time of release and numerous traders will be keen to observe how the information will match up to the expectations and macro trends.