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EUR/USD: Catching the 220 pip move lower and hitting the 2R target
Strategy (NASDAQ:MSTR) swung from a $10 billion unrealized loss to an $8 billion unrealized profit in just weeks, as Bitcoin (CRYPTO: BTC) hit $85,000. What Triggered the Swing Bull Theory posted on X Monday that the reversal happened fast: Bitcoin's climb off the summer lows directly repriced Strategy's massive holdings, turning paper losses into paper gains almost overnight.
Ethereum's bullish flag breakout and improving MVRV signal put $3,400 in focus if ETH decisively clears $2,800.
Ethereum has extended its recovery from the September lows and is now trading around $2.73K after slightly breaking above the $2.7K resistance area. The latest move has strengthened the short-term structure, although ETH is approaching another major resistance zone and momentum might be beginning to cool from its recent highs.
Ethereum has broken above key resistance near $2,660, with $2,775–$2,825 now in focus. Can ETH extend the rally toward $3,000?
Summary:GBP/USD trades near 1.3370, close to a six-week low, after UK government borrowing exceeded forecasts and renewed concerns over the country's public finances. UK public sector net borrowing reached £18.3 billion in August, while the deficit for the first five months of the fiscal year climbed above the Office for Budget Responsibility's forecast.
Gold price slips as December Fed hike odds reach 90%, but buyers defend the 50-day moving average after an early break.
The total crypto market cap has climbed to $3.01 trillion, up 0.9% over the past day, with $141.8 billion in trading volume. Bitcoin sits at $85,980.96, Ethereum at $2,750.36, and XRP at $1.54, and behind each of those numbers is a different technical setup.
On the morning of Tuesday, September 22, the cryptocurrency market found itself near the historic $3 trillion market capitalization level after a massive short squeeze. A powerful impulse pushed Bitcoin toward $87,400, forcing bears to close positions worth $557.79 million.
The latest movement includes funds from Wave 2, Footprint AX and other Coldcard-linked address clusters.
Galaxy Digital Head of Research Alex Thorn said on September 21 that white-hat operators moved 52.37 BTC tied to the Coldcard exploit into a newly created address linked to the Crypto Recovery Trust.
Bitcoin nearly reached $87000 before falling back to around $85000, after a rise largely amplified by the liquidation of short positions. About one billion dollars of leveraged bets were immediately closed in the crypto market.
Trueo is moving its primary deployment from Base to Ethereum, citing broader integrations, stronger product potential and a better fit for its long-term architecture. The protocol will prioritize liquidity growth and a next-generation oracle designed to improve prediction-market resolution through broader evidence inputs and stronger dispute processes.
Kamui Finance's vaults could streamline institutional access to tokenized assets, potentially accelerating broader adoption of DeFi solutions. Kamui Finance launches three institutional real-world asset vaults on Ethereum.
Vietnamese President To Lam says his nation is “very close” to a trade deal with the US, and pledges to buy more high-tech goods. “We do not accept transshipment of goods,” Lam said in an exclusive interview with Bloomberg on concerns about allegations that Chinese goods are being repackaged and rerouted through Vietnam.
