Onwards and Upwards for Bitcoin as MOVE Melts Down; Dollar and Bonds Signal Caution to Risk Assets

The current BTC price is supported by a chip intensive area around 121354.5, with 97.89% of buying at this position, indicating a strong holding power. Based on membership indicators, although the 4-hour cycle has seen the emergence of a black three soldier pattern, the bottom classification structure has formed synchronously, indicating a short-term demand for stabilization and rebound. The convergence of KDJ index also indicates a weakening of downward momentum. From the observation of trading volume, the average volume has increased by 17.8% in the past 10 cycles, but the current trading volume has shrunk to an average of 36.21%, indicating that the main funds may be secretly attracting funds. The first resistance level above is 121943, and after breaking through, it will challenge the strong pressure zone of 122825. Unlock the membership function, accurately grasp the main trends, and seize the best entry opportunity! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.

The sale, if it goes through, could become the largest stablecoin acquisition to date, with Coinbase leading bids over Mastercard, sources told Fortune.

[U.S. Bureau of Labor Statistics Plans to Release September CPI Data by End of Month] According to The New York Times, despite the federal government shutdown, the U.S. Bureau of Labor Statistics is preparing to release September CPI data, though the exact timing has not yet been determined. The bureau had previously suspended operations due to funding interruptions and was unable to release the non-farm payroll report as scheduled. Currently, some employees have been recalled to complete data compilation work. This release may be related to the Social Security cost adjustment process, and delays could affect the announcement timing of cost-of-living adjustments. According to foreign media reports, the data is expected to be released by the end of the month.

[Coinbase and Mastercard Compete to Acquire Stablecoin Company BVNK] According to reports, U.S. crypto exchange Coinbase and payment giant Mastercard are in talks to acquire London-based stablecoin company BVNK, with a potential acquisition price estimated at $1.5 billion to $2.5 billion. Sources indicate that Coinbase holds an advantage in the bidding process. If the deal is finalized, it would mark the largest acquisition in the stablecoin sector, highlighting the accelerated integration of stablecoins into the mainstream financial system. BVNK, founded in 2021, specializes in cross-border payments and fund management and has received investments from several renowned institutions.

Bitget HYPE/USDT's perpetual trading volume surged 62 times within 10 minutes, with a turnover of 61.51 million US dollars in the past 24 hours, a decrease of 5.10% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally