FinTech Metrics | 09.27.2021

BlockchainIST Center

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BCISTCenter

4 min readSep 27, 2021

Social Media: LinkTree

Banking/credit tech. sector took the first place among sectors in Fintech M&A volume with $42.7 billion.

Further Reading: No Borders Just Horizons

Latest Headlines

French fintechs have raised a total of €1.9bn so far this year, behind only the UK and Germany. That’s more than double the amount France attracted in 2020.
The U.S. Federal Reserve Bank is set to release a paper examining the costs and benefits of CBDC.
The UK’s Financial Conduct Authority and the Bank of England will deploy a blockchain network to handle regulatory reporting.
The Biden administration intends to nominate Cornell University professor Saule Omarova, a crypto critic, to be the next Comptroller of the Currency (OCC).
Leading Brazilian investment bank BTG Pactual has launched a new platform enabling customers to make direct investments in cryptocurrencies.

Technical Analysis

BITCOIN [BTC] — 42,523.48 USD

The price of Bitcoin, which gained about 2.05 percent in the morning hours is $ 44,046. According to the president of El Salvador, more than two million locals are already actively using the Bitcoin wallet Chivo. This rate is much higher than the number of users in banks and such a rapid adaptation has been achieved continues to be interpreted positively by investors following the crypto industry.

When we consider the BTC/USDT parity technically, BTC, which has had an intraday price movement up to $ 40,000–41,000 for the past 3 days, made daily closings above $ 42,235, which corresponds to the Fibo’61.80 slice. There is a recovery in MACD in the daily period, but there is no buy signal yet. We expect the rises to continue for BTC, where the $ 42,500 level is successfully protected. As long as we maintain a permanence above the Fibo’61.80 tranche as of the daily close, our first short-term price target is the $45,500 level with the 200-day moving average.

Resistance Levels: 45.380 / 46.611 / 48.916
Support Levels: 41.844 / 39.539 / 38.308

ETHEREUM [ETH] — 2,993.13 USD

The price of Ethereum, which gained about 2.95 percent in the morning hours is $ 3144.37. After the big drop in TVL, the number of ETH locked to the decentralized finance ecosystem has started to increase. According to current data, 7,830,000 Ether is locked in DeFi. This continues to reduce the circulating supply of ETH, while reducing the selling pressure for Ether. At the same time, the fact that this amount is increasing indicates a movement in the DeFi industry.

When we consider the ETH/USDT parity technically the preservation of the $2900 level is very critical for ETH. When we look at the price action of the past 3 days, although there were pullbacks below this level in intraday pricing, all daily closings were above the $2901 level, which corresponds to the Fibo’61.80 tranche. It is seen that the MACD gives a buy signal in the 4-hour period. The most important short-term resistance level for ETH is read as the $3160–3200 band. When the daily close is made above this level, the rises for ETH will continue until the levels of 3350 and 3600 dollars, respectively.