FinTech Metrics | 11.22.2021

Published in

BCISTCenter

4 min readNov 22, 2021

Social Media: LinkTree

Source: The Fintech Job Report November 2021

In October 2021, there were 40,000 open positions in the 225 Fintech companies while the finance industry was advertising for 10,000 jobs in London during the same period.

Further Reading: CBInsights Q3 Blockchain Report

Latest Headlines

El Salvador’s president announces new “bitcoin bond” plan.
New York-based cryptocurrency exchange Gemini is seeking to achieve a valuation of roughly $7 billion.
Hillary Clinton says cryptocurrencies have the potential to destabilize entire countries.
Ideas from social media influence 56 per cent of 18–34 year olds who invest, according to a new research in the UK.
The president of Peru’s central bank has indicated that Peru will be joining forces with India, Singapore, and Hong Kong to develop its own CBDC.

Technical Analysis

BITCOIN [BTC] — 57,346.20 USD

The price of Bitcoin, which lost value by about 2.16 percent in the morning hours, is at $ 57,411. Cathie Wood, CEO of ARK Invest, said that large institutional investors are hastily switching their assets to Bitcoin. In a recent interview with Barron’s, Wood says institutions are attracted to Bitcoin due to its lack of correlation with other assets.

When we examine the BTC/USDT parity technically, the price movement continues within the ascending channel that existed as of July 20. With the value gains on Friday and Saturday, BTC, which coincided with its 50-day moving average and also retested the important resistance level of $ 60,000, could not break this level upwards. With the reaction it sees, Bitcoin is retreating towards the $ 56,425 level, which corresponds to the Fibo’61.80 slice. Since the weekly candle close is not in the positive zone, the pullbacks may continue for a while.

Resistance Levels: 58.947 / 60.953 / 61.957
Support Levels: 55.937 / 54.933 / 52.927

ETHEREUM [ETH] — 4,204.32 USD

The price of Ethereum, which lost value by about 2.00 percent in the morning hours, is at $ 4171. When we examine the ETH/USDT parity technically, ETH, which rose to the level of $ 4450 at the weekend, lost the returns it achieved on Saturday with the pullback movement that dominated the market yesterday.

Starting the new week with a pullback, ETH is seen as finding support from its 50-day moving average this morning. The weekly cup-handle pattern, which coincides with the upper line of this pattern, retested the $3980 level last week. With the start of the new week, although it is possible to pull back to these levels, we expect the rise to continue towards the formation target of $ 6,000 in the coming weeks for ETH, which maintains its positive appearance in the weekly period.