FinTech Metrics | 09.20.2021

Published in

BCISTCenter

4 min readSep 20, 2021

Social Media: LinkTree

The leading Fintech company Paypal’s total payment volume was $311 billion in Q2, growing 36% year-over-year and 9% quarter-over-quarter.

Further Reading: The Future of Payments by Digital Monetary Institute

Latest Headlines

More than three quarters of cashless transactions in Germany, Austria and Switzerland are now contactless. In June 2019, overall contactless adoption in the region was at just 40%. The average contactless rate is now 77% in Germany, 82% in Austria and 80% in Switzerland.
Almost two-thirds (61 per cent) of UK children aged between ten and 15 now manage their pocket money with an app, according to research.
Turkish President Erdogan said that they have a problem with cryptocurrencies and Turkey was at war with them.
The crypto/blockchain sector received nearly $2.1 billion in private investment across 124 funding rounds in August.
European Central Bank official says the upcoming CBDC test does not guarantee the eventual launch of digital euro.

Technical Analysis

BITCOIN [BTC] — 43,915.80 USD

The price of Bitcoin, which lost value by about 3.4 percent in the morning hours is $ 45,595. Although the situation seems to be positive for Bitcoin, which is dominated by good news flow, selling pressure continues to dominate the market due to the fact that US officials have launched an investigation into Binance about insider trading and market manipulation and because of the news from the Federal Open Market Committee (FOMC) meeting on September 21 and 22.

When we consider the BTC / USDT parity technically, BTC, which closed the last 5 days above $ 46,648, which corresponds to the Fibo’78.60 slice, could not hold on to this level and started to experience sharp decreases in the morning. BTC, which broke the price levels, including the 50 and 299-day moving averages, gives a stochastic sell signal in the daily period. For BTC, it is critical that the daily close is above the $45,860 level, which coincides with its 200-day moving average. If the gold is sustained, we expect the pullbacks to continue towards the $42,000 levels.

Resistance Levels: 47.746 / 49.692 / 51.002
Support Levels: 44.490 / 43.180 / 41.234

ETHEREUM [ETH] — 3,070.36 USD

The price of Ethereum, which has lost about 4.52 percent in the morning hours is $3184.16. ETH, which looks strong on the fundamental and on-chain data side, will be affected by the news flow from the Federal Open Market Committee (FOMC) on September 21 and 22, like the entire market. The long-term outlook of ETH is positive.

When we look at the ETH/USDT parity technically, ETH, which broke the support level at $ 3531, which coincides with the Fibo’78.60 and 20-day moving average on Friday, retreated to its 50-day moving average with this break. As of this morning, ETH has broken the $3285 level, which corresponds to the 50-day moving average, to the downside, and the sell signal from the stochastic in the daily period continues. With the pullbacks, it is important to make the daily close above the 50-day average for ETH, which found support at the level of $3140.92 and coincides with the Fibo’61.80 slice, for the continuity of the rising trend.