yen

The crypto market remains choppy, with the CoinDesk 20 Index (CD20) little changed on a 24-hour basis and the bitcoin (BTC) price consolidating above $90,000. Sounds boring, right?

But this price action actually validates the oversold conditions signaled by the relative strength index (RSI) on Tuesday, when BTC first explored lows under $90,000. On the same day, CoinDesk flagged that the RSI reading needs validation from those signature doji candles — the ones with lower wicks — that tell you sellers might be losing their grip.

Guess what? Those clues showed up in the form of back-to-back daily candles with long lower wicks (Check the TA section), signaling bears' failure to keep prices below $90,000. Coupled with the oversold RSI, it looks like the downtrend might be running out of gas.

The timing of this signal couldn't be more interesting, because the much-delayed U.S. nonfarm payrolls data for September is scheduled for release later today.

To be sure, it's old news. Plus, the Labor Department has said it won't release the October report, which could deepen the divide at the Fed over interest-rate cuts. But while there is a high chance the market will disregard this figure, the crypto market right now is battered and bruised, starved for good news.

Market sentiment is crushed, fear is rampant and bitcoin’s already dropped 30% from its $126K record high. Investors are camped out on the bearish side and have scaled back expectations of a Fed rate cut to 30% from 98% a month ago.

This is precisely the set up where a piece of good news — a massively weak payroll data that boosts rate-cut bets, for example — can trigger a short squeeze and a rally. So, with all these pieces in place, don’t be surprised if we see some bullish volatility lighting up the market.

In other key news items worth noting, #Ripple executives are openly discussing the possibility of introducing native staking on the XRP Ledger to expand XRP’s role in DeFi.

#Base co-founder Jesse Pollak announced on X that his personal token, JESSE, will launch on the Base App, expanding the layer-2's ecosystem.

In traditional markets, the #yen continued weakening against the dollar even as domestic government bond yields surged, a sign of fiscal stress reflecting in FX markets. Traders are closely watching for signs the Bank of Japan might intervene to stop the currency's slide. Stay alert!

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The word "solana" in Spanish means sunshine or sunny place, and that's a perfect description for exchange-traded funds (ETFs) based on the programmable blockchain Solana's native token, sol (SOL).

Investors have been channeling funds into U.S.-listed spot SOL ETFs even as they withdraw capital from their bitcoin (BTC) and ether (ETH) counterparts. Since their late October debuts, Bitwise and Grayscale’s spot SOL ETFs have seen cumulative net inflows of $368.5 million while bitcoin and either ETFs suffered outflows exceeding $700 million each, SoSoValue data shows.

Traders don't seem to have noticed the difference, and have kept SOL under pressure alongside the two largest cryptocurrencies and the broader crypto market in the past 24 hours. The solana-ether (SOL/ETH) ratio on Binance extended its multiweek decline today, falling to the lowest level since August, while the SOL/BTC ratio remains at recent lows.

Bitcoin, for its part, has struggled to gain upward momentum despite holding above the key $100,000 support level amid mixed signs of renewed spot demand.

In the past 24 hours, BTC has remained between $101,000 and $104,000, even as smaller #altcoins like FIL, UNI, NEAR and WLFI posted gains. Ether moved mostly sideways near $3,500. Meanwhile, the CoinDesk DeFi Select Index and Metaverse Select Index lost 6% and 4.2%, respectively.

In key news, the #US House passed legislation to end a record 41-day government shutdown, releasing back pay and restarting federal spending. Timothy Misir, head of research at BRN, said the reopening will unlock nearly $40 billion in deferred liquidity over the next month. How much will flow into risk assets like crypto remains to be seen.

In traditional markets, the #yen dropped to a record low against the euro after Prime Minister Sanae Takaichi urged the central bank to "go slow" on interest-rate increases.

This dovetails with market expectations of another quarter-point #Fed rate cut next month. Yet bitcoin is failing to rally in response, a stark contrast to past bullish reactions to rate cut speculations. Is stimulus fatigue setting in? Only time will tell. Stay alert!

"Disclaimer _ Source: Binance News / Coinmarketcap / Bitdegree / #CoinDesk / Cointelegraph / Decrypt & do support by follow, like, comment, share, repost to reach maximum audience, more such informative content ahead"

$SOL $BTC $ETH

The Japanese yen surged sharply early Monday, surprising traders just hours after Prime Minister Shigeru Ishiba’s ruling party suffered a historic setback in the July 20 upper house election. Rather than triggering panic, the defeat spurred renewed demand for the yen as a global safe haven amid rising geopolitical uncertainty.
At 11:00 a.m. Tokyo time (10:00 p.m. ET on Sunday), the yen climbed 0.22% against the U.S. dollar to 148.49, rebounding after two consecutive weeks of losses. Investors had been bracing for political instability, but the market’s reaction suggests that risk aversion has now taken center stage.

Investors Seek Safety as Global Risks Rise
The yen’s rise reflects a flight to safety in a volatile global environment. With mounting trade tensions and political shocks, investors appear to be gravitating toward stable, low-risk assets—and the Japanese currency fits that profile. The Asia-Pacific region kicked off the week with choppy trading, shaped by central bank signals and geopolitical headlines.

China Holds Loan Rates Steady as Yuan Flatlines
China's central bank kept both one-year and five-year loan prime rates unchanged on Monday, offering no fresh stimulus. The offshore yuan barely moved, gaining only 0.02% to reach 7.1788 per dollar by 9:50 a.m. local time. The message from Beijing was clear: no surprises, no rate cuts—at least for now.
Despite caution, Chinese stocks opened the week in positive territory. The Hang Seng Index rose 0.55%, while the mainland’s CSI 300 index gained 0.28%. However, optimism remained muted, with external threats like U.S. trade policies still dominating market sentiment.

U.S. Trade Deadline Looms, Asia Watches Closely
U.S. Commerce Secretary Howard Lutnick reiterated on Sunday that August 1 would be a “hard deadline” for countries to start paying tariffs. While he suggested that negotiations could still occur afterward, the tone signaled that there would be costs. This stance added new stress for Asian exporters, with traders trying to assess just how far Washington will go.

Singapore Dollar Under Pressure as Stocks Extend Gains
The Singapore dollar came under additional pressure Monday as new tariff threats from the White House—particularly targeting pharmaceuticals and semiconductors—fueled fresh worries. These two industries are among Singapore’s top exports, and analysts from Barclays and Asia Decoded now predict that the Monetary Authority of Singapore could ease its currency policy as early as this month.
Despite currency stress, Singapore’s Straits Times Index recorded its 11th consecutive gain, reaching a new high of 4,225.79 before slightly retreating to 4,215.22 by 10:10 a.m. local time. The biggest gains came from utilities, finance, and real estate sectors. Top-performing stocks included Mapletree Logistics Trust (+1.69%), Yangzijiang Shipbuilding (+1.67%), and Keppel (+1.36%).

India Lags Behind, Crypto Holds Steady
In contrast, Indian markets failed to mirror the regional uptick. The Nifty 50 Sensex fell 0.26% by 9:30 a.m. IST, highlighting persistent uncertainty and uneven investor sentiment across Asia.
Cryptocurrencies also saw modest gains. Bitcoin rose 0.21% to $118,368.56 by 12:16 p.m. Singapore time. After a volatile previous week, even small upward moves are helping to retain bullish interest among digital asset traders.

#Japan , #yen , #Asia , #globaleconomy , #CryptoMarket

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Maximalists on the Attack: Why Are Bitfarms and MicroStrategy Buying During the Market "Crash"?

The movement of these two giants has been one of accumulation #BTC this indicates to us that contrary to the fear and nervousness of the market, the big players are designing a holding strategy, will there be signals? Will it be a good time to enter the market?
The truth is that these giants are filling their pockets with low-priced sales and we have already seen a recovery of #Bitcoin❗ as I mentioned earlier.