FinTech Metrics | 09.13.2021

Published in

BCISTCenter

4 min readSep 13, 2021

Social Media: LinkTree

Digital payment and money transfer apps in Europe surpassed 30 million downloads in Q1 2021 by a %32 increase year-over-year.

Further Reading: Europe State of Payment Apps 2021

Latest Headlines

PayPal agreed to buy Japanese “buy now, pay later” (BNPL) startup Paidy Inc. for about $2.7 billion.
Senegal-based fintech Wave has raised $200 million in a Series A funding round and became “the first unicorn in Francophone Africa”.
J.P. Morgan reached a deal with Volkswagen (VW) to buy almost 75 percent of its financial services unit ahead of VW’s upcoming launch of in-car payments technology.
Japanese financial giant SBI Holdings is launching the country’s first cryptoasset fund.
The UK Post Office is now offering clients the possibility to buy Bitcoin (BTC).

Technical Analysis

BITCOIN [BTC] — 44,065.49 USD

The price of Bitcoin, which lost value by about 2.8 percent in the morning hours is $44,700. Looking at the news, the Ukrainian Parliament passed a law to legalize cryptocurrency and Switzerland’s SIX Exchange has received regulatory approval to launch a digital exchange, the first step towards shaping the markets of the future. In the chain data, we see that the supply of Bitcoin held on exchanges has reached the lowest levels of the last 3 years.

When we consider the BTC/USDT parity technically, with the price movements rising without volume at the weekend, BTC, which has risen above the level of $ 45,887, where its 200-day moving average is located, shows sharp decreases with the daily candle opening today. The MACD maintains the sell signal in the daily period. If the daily close stays below the 50-day moving average, the decrease could continue to the blue-marked support zone of pullbacks ($42,000 — $42,600).

Resistance Levels: 45.657 / 46.812 / 47.641
Support Levels: 43.673 / 42.844 / 41.689

ETHEREUM [ETH] — 3,192.67 USD

The price of Ethereum, which lost about 4.00 percent in the morning hours is $3268.44. When we look at the latest figures in the burning transactions started with the EIP 1559 update, we see that as of this morning, approximately 282,729 pieces of ETH have been burned, and the approximate value of this is 925,530,734$.

When we consider the ETH/USDT parity technically, ETH, which has risen to the $3472 level, where its 20-day moving average is located, together with the upward movements experienced over the weekend, continues to retreat with the daily candle opening with the reaction it sees from this level. When we examine it in the daily period, the sell signal from the MACD maintains its continuity. If the intraday pullbacks continue in the ETH/USDT pair, the first important level of support is the $3140 level, where the 50-day moving average is located.