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USD/JPY Price Forecast: Recovery stalls below key moving averages
Bitcoin (CRYPTO: BTC) bull and billionaire Tim Draper urged major companies including Apple (NASDAQ:AAPL) and Meta Platforms (NASDAQ:META) to hold Bitcoin on their balance sheets. He argued that persistent government spending exposes corporate cash to inflation and higher interest rates.
Crypto market value has reclaimed $3 trillion as Bitcoin nears $87K, ETF inflows return and short liquidations accelerate the rally.
Cardano officially joined the x402 payment standard on September 21, letting applications and autonomous AI agents pay for online services directly in ADA.
A Bitcoin address that remained inactive for 14.2 years moved 600 BTC, equivalent to approximately $51.15 million at the current BTC price, according to onchain data recorded by Whale Alert.
The reasons behind the latest rebound suggest this may be more than a relief rally.
Torsten Sløk, partner and chief economist at Apollo Global Management, tells Brian Sozzi the AI payoff has not reached the rest of the market: "We gotta see higher profit margins outside the tech sector. We gotta see higher EBITDA outside the tech sector and that's just not happening yet.
The S&P 500's September 21 rally appears driven by heavy options activity, not fundamental strength. Implied volatility measures like VIX remain low, limiting the mechanical energy for further market gains.
Saudi oil giant Aramco plans to reorganise its business to create a new gas division with an eye on possible listings of business units in the future to raise capital, two sources with knowledge of the matter told Reuters.
Viking Therapeutics is developing VK2735, a GLP-1/GIP drug that could compete with Eli Lilly's Zepbound. Its stock is soaring.
ASX's $10.5 billion CapEx plan aims to expand capacity for surging AI demand, but heavy spending brings cash flow and execution risks.
XRP drew $350M (about ₩481B) of trading volume on Upbit on Sept. 21, beating bitcoin's $225.8M (₩308B), and it has out-traded bitcoin on the exchange every day for a month. The Numbers On Monday night, onchain data showed that XRP was “dominating Upbit,” with the asset's numbers showing $203.
BNB is trading above $788, after briefly surpassing the $800 mark during the current session before pulling back around 2% in the past few hours.
Meta Platforms has delivered staggering growth, but whether a $10,000 stake can actually double depends on which of three very different futures plays out over the next five years.
Kevin Mahn makes the case that the Fed's 25 bps interest rate hike won't do anything to help its inflation goals due to how heavily weighted energy is in the uptick. He poses the question: "is 2% really the goal" for inflation?
