FinTech Metrics | 09.06.2021

Published in

BCISTCenter

3 min readSep 6, 2021

Social Media: LinkTree

Among the Top 100 Fintech apps, Banking apps are leader with 31 apps, it is followed by payments apps with 16 apps, and crypto apps with 15 apps.

Further Reading: Digital Asset Opportunities

Latest Headlines

New data by the Employment website shows crypto and blockchain jobs’ share grew 118% in 10 months.
SurePay, a Dutch spin-off of multinational banking and financial service organization Rabobank, announced a €12.2 million fundraise led by Connected Capital.
PayPal is exploring the idea of launching a stock trading platform, the launch might be later this year or 2022.
Nigeria’s securities regulator establishes fintech unit to study crypto.
Prosus acquires Indian payments giant BillDesk for $4.7B.

Technical Analysis

BITCOIN [BTC] — 51,637.78 USD

The price of Bitcoin, which lost value by about 0.40 percent in the morning hours is $ 51,690. According to recent news, Japanese financial giant SBI Holdings has launched the country’s first cryptocurrency fund. Bloomberg reported that the fund will invest in Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin and possibly in other crypto assets.

When we consider the BTC/USDT parity technically, BTC, which broke the resistance level in the $ 50.400-$51.200 band, made its daily close above this resistance zone. BTC, which has reached our price target of $51,200, seems to be voluminous, with the effect of the weekend being the breakout. In the daily period, the MACD has given a buy signal in the morning as we are in the daily candle. Unless there is a 4-hour close below the resistance zone we broke up in Bitcoin, our next price target is $ 53,250.

Resistance Levels: 52.556 / 53.387 / 54.915
Support Levels: 50.197 / 48.669 / 47.838

ETHEREUM [ETH] — 3,932.55 USD

The price of Ethereum, which lost about 1.10 percent in the morning hours is $3910.76. The daily issuance of the world’s second-largest cryptocurrency turned negative for the first time since the Ethereum network upgraded EIP-1559, with the amount burned in a daily period exceeding the amount produced. For ETH, which is planned to limit supply in this way in the future, the outlook is positive in the medium and long term.

When we consider the ETH/USDT parity technically, it is seen that a volumeless and horizontal price movement dominates the weekend. When we examine ETH, which has gained value by about 20% against Bitcoin, on a daily basis, MACD and Parabolic SAR continue buy signal. As long as there is no daily close below the $3847 level, our price target of $4170 remains intact.