Crypto News: Market Rally, ETH ETF, Stablecoins, FTX & MORE!!

"as you can see if BTC gets back above this moving average then it's likely that it will hit new local highs and potentially prepare for a new all-time high if BTC gets rejected at this moving average however then it could confirm lower lows"

"if the approval of the Bitcoin Futures ETF is anything to go by it's bearish that's because it effectively marked the top for BTC during the previous bull market in 2021 of course history doesn't repeat but it does rhyme and I see a limmer on eth's price chart similarly to BTC"

"eth appears to be rallying towards the Ballinger band moving average on the weekly it's possible if not likely that it will hit this Target in the next week which would be a nice pump indeed however it's possible that it will get rejected at this level"

"GMX is still below the Ballinger band moving average on the weekly so it could rally a bit higher before being rejected which is not guaranteed"

"it therefore seems unlikely that it could go much higher from here"

"the Balling ja ban moving average on the weekly could mean that a rejection is coming or that comp is about to break through"

"Saul has broken above the Bon ja ban moving average on the weekly which means that it could see another week of gains"

"oddly enough Pepe looks like it could be reversing from its lows but it's much too soon to tell and it's more likely that this is price action is pure manipulation"

"we will get to ride this roller coaster again come the 17th of November when the current extension expires what's interesting is that this extension excluded additional funding for the war in Ukraine this is interesting because it suggests that the next negotiation will result in more cuts to fiscal spending if this is the case then a resolution to the next government shutdown may not be as bullish as the one over the weekend nor any subsequent resolution each additional negotiation would involve politicians gradually agreeing to less spending which could start to weigh on the markets and the economy"

"now the Silver Lining to this outcome is that it would likely cause inflation to come down and could cause the labor market to weaken to the point that the FED pivots I.E starts lowering interest rates again obviously this would be extremely bullish for the markets particularly the crypto Market but this is only something that would happen later this year or early next year"

"if we see a similar pattern play out then it could be a nasty October and November for the crypto Market"

"all US Banks must inform the FED about their stablecoin activities by early October in other words this week soon the FED will start issuing so-called non-objection letters to banks that are allowed to work with stable coins"

"you'll also know that USD stable coins could soon be banned in the EU the consequence of this is that Euro stable coins will likely see significant growth"

"according to macro analyst Luke groman this is exactly what's happening in case you missed the memo oil prices have been rising this means that countries which import most of their energy such as those in Europe and Japan have had to sell more of their National currencies to buy more USD to buy oil if Luke is correct then it's possible that the dxy will continue to Rally so long as oil prices continue to Rally"

"oil and Diesel shortages will be rocket fuel for the dxy and this will likely be the case even if his thesis is incorrect that's simply because higher oil prices will eventually cause inflation to rise again and this will force central banks to raise interest rates again in response"

"the possibility of a second wave of inflation is believed to be the reason why the us Bond Market has been falling apart and why long-term interest rates have been rising in Short Bond holders are demanding to be compensated for higher inflation in the future with a higher interest rate"

"some macro analysts believe that long-term interest rates will spiral out of control as foreign governments sell bonds for us USD to defend their currencies while buying energy whatever the case history suggests that the outcome will be the same the FED will eventually have to step in and start buying us bonds to bring long-term interest rates back down"

"this was the catalyst for the ensuing crypto bull market as always the only question is when when will the FED be forced to start printing money again well nobody knows for sure but one thing is for certain a lot of money was printed during the pandemic and most of it is still sloshing around"

"what could be surprising is how high long-term interest rates could go and how long they could stay around before something breaks"