FinTech Metrics | 05.10.2021

Published in

BCISTCenter

4 min readOct 5, 2021

Social Media: LinkTree

Sorare ranked first among funding deals across the fintech industry worldwide during the week of September 20 to September 26, 2021, with a value of $680 million.

Further Reading: Europe’s FinTech Unicorns

Latest Headlines

The Hong Kong Monetary Authority (HKMA) released a technical whitepaper on retail central bank digital currency (CBDC), e-HKD.
China Mobile and Industrial and Commercial Bank of China jointly released an e-CNY wallet that allows users to transfer money, check balances, pay bills, and perform other functions through the chat window.
A group formed by seven central banks (Bank of Canada, Bank of England, Bank of Japan, European Central Bank, Federal Reserve, Sveriges Riksbank and the Swiss National Bank) and the Bank for International Settlements (BIS) has now turned to practical policy and implementation issues for retail CBDCs.
Coinbase launched Coinbase Prime with updated capabilities for institutional trading, custody, and financing.
The central bank of New Zealand (RBNZ) published an issue paper, which has outlined the major benefits of CBDC designs based on blockchain technology.

Technical Analysis

BITCOIN [BTC] — 50,020.88 USD

The price of Bitcoin, which gained about 0.35 percent in the morning hours, is at $ 49,260. According to a recent local report, Vault Digital Funds has provided New Zealand investors with a new fund called Vault International Bitcoin Fund. In this way, investors will have the opportunity to add Bitcoin to their portfolio without having to own it directly. Now, we think that we will see news flow in this sense from many new countries for Bitcoin and that the adaptation will increase without slowing down.

When we consider the BTC/USDT parity technically: BTC, which fell to the level of $ 46760, where its 50-day moving average is located, with pullbacks, made its daily closing with a return of over 2 percent with the support it found from the region close to its 50-day moving average. When we examine it in the daily period, it is seen that the MACD continues the buy signal. On the upside, the next price target is the $51,000 level.

Resistance Levels: 50.384 / 51.513 / 53.249
Support Levels: 47.519 / 45.783 / 44.654

ETHEREUM [ETH] — 3,433.40 USD

The price of Ethereum, which gained about 0.20 percent in the morning hours, is at $3391.32. When we look at the current amount of ETH burned, it is seen that 436,044 ETH has been burned as of this morning, and its approximate value is 1,474,142,498 dollars. This figure is much larger than the market value of many altcoins in circulation.

When we look at the ETH/USDT parity technically, yesterday, ETH, like Bitcoin, experienced an intraday decline and regressed towards the $ 3300 levels, where its 50-day moving average is located. Unlike Bitcoin, ETH, which could not close the day positively, held above the $ 3351 level, which corresponds to the Fibo’78.60 slice. Our initial price target for ETH, which we think the 50-day moving average will continue to work as support, is $3670.