BTChaber TV continues to shed light on the Turkish crypto and financial markets with its broadcasts. In the live broadcast, moderated by Emirhan Erdoğan, economist Tunç Şatıroğlu reviewed the latest developments in the financial markets and shared his analysis. On the program; CME group‘s Ethereum move, Mastercard Binance partnership, Samsung‘Many topics were covered, such as the company’s cryptocurrency exchange move.

BTChaber, bringing the latest cryptocurrency and blockchain news to its readers‘The YouTube channel BTCHaber TV brings together the developments in the cryptocurrency and blockchain sectors as well as the global economy with its audience. In this week’s program; CME group‘s Ethereum move, Mastercard and Binance partnership, Samsung‘Agenda items such as the company’s cryptocurrency exchange move were also discussed. In the broadcast, moderated by Emirhan Erdoğan, economist Tunç Şatıroğlu shared his analysis of the markets and evaluations of the agenda.

CME Group Offers Ethereum Futures

The world’s largest derivatives market, CME Group, has announced that it will also offer options in Ethereum futures starting September 12. With new Ethereum contracts worth 50 ETH each, CME Group will also expand existing crypto derivatives, including Micro Bitcoin and Micro Ethereum options.

MasterCard CEO‘Binance Affiliate Description of Sun

Payments giant Mastercard and cryptocurrency exchange Binance, Argentina‘had also reached agreement on crypto payments. After this agreement, Mastercard CEO‘Su Michael Miebach shared on his LinkedIn account that this agreement will not be limited to Argentina.

Samsung‘cryptocurrency exchange name of

It was said that seven traditional brokerage houses in South Korea are taking action to set up their own cryptocurrency exchanges by the first half of next year. Among these companies is Samsung. Samsung, 2023‘in South Korea‘It also plans to set up its own cryptocurrency exchange.

SEC, Twitter‘has requested the spam account detection method from

Tesla CEO‘Su Elon Musk recently wanted to buy Twitter for $44 billion and later declined to do so, saying Twitter was lying about bots and spam accounts. After that, all eyes turned to Twitter and bot accounts. Finally, the SEC (United States Securities and Exchange Commission), Twitter‘asked to explain the methodology for detecting spam and bot accounts.

United States‘parents want crypto education in schools

In the United States, a new survey was conducted among 884 parents and 210 college graduates. 64 percent of parents surveyed believe that cryptocurrencies should be included in the compulsory curriculum. The percentage of parents who think blockchain should be taught in schools is 40 percent. According to the research, parents who have invested in crypto are also more likely to contribute to crypto education.

Economist Tunç Şatıroğlu shares his analysis of markets and cryptocurrencies as follows:

Notes on Money Markets

More and more aggressive statements are coming from Fed chairmen. In the latest positions, we encountered signals that blinked a little more at 75 basis points. CME‘of the Fed‘We see that 75 basis points of probability has been emerging in the CB’s measurement of the rate hike for a while. The Fed emphasizes that it will always prioritize the fight against inflation and will continue to raise interest rates until a permanent decline is achieved. We are aware of the concerns about the recession, but our priority is inflation. Therefore, the market should expect a rate hike in September. This expectation could be 75 basis points. We will see that the market does not expect any further rate hikes after a 50 basis point rate hike in October. Here, of course, are the discussions of whether it will be 50 basis points or 75 basis points, speculation. We are also seeing profit realizations thanks to a good rally in July. However, a correction in August should be considered normal.

Dollar index analysis

The 107 level in the dollar index is a critical level. Here’s the point that worries me.‘chance to go. I would wait a week below the 107 level before this outlook turns into a double top pattern. only 107‘It seems more likely that it will support the market and then rise again.

Euro/dollar parity analysis

The expectation for the euro/dollar parity is 0.96 for a while. Looking at it, the pair has been in a downtrend since the week of May 24, 2021. Perhaps there will be an increase in response from these levels. But even if it does, it will still be around 0.96 levels.

BIST100 analysis

I like BIST100. I always thought it was cheap, I still think it’s cheap. During the time Naci Ağbal was fired, BIST100 had a serious decline from the $211 level. However, I said that the $211 levels would be seen again at that time. Currently BIST100‘My short term target is 3,300 on a TL basis. There may or may not be a correction on the way to this goal. In the long run, it is not a dream for me to expect an index of $690 in dollars.

gold analysis

Don’t expect too much from gold at this point. First of all, because the decline in US 10-year yields picked up where they left off and the Fed‘Fewer hawk messages should come out. To be able to say that the US 10-year yield is starting to fall, it has to fall below the 2.60 levels. My expectation; If there is a decline here, we will see a rise in stock markets, and with stock markets rising, we can expect a decline in US 10-year bond yields and then a rise below that.

Bitcoin (BTC) analysis

In previous publications, I said that the Luna incident had damaged confidence in the cryptocurrency market. To break that confidence effect, the US stock markets and especially the Nasdaq have‘There must be an upward trend. Today, however, we see a decline. There is a trend that is slowly emerging from the bottom in Bitcoin (BTC). We had made it all the way to the top of the Ichimoku indicator, but unfortunately couldn’t get past it. After that there was already a decline and we are now in a negative zone. However, if we push ourselves above the $22,000 levels, the market could gain a little more confidence.

Ethereum (ETH) analysis

Bitcoin on Ethereum (ETH)‘e (BTC) has had similar moves. He looked even stronger. It was in a positive position against the Ichimoku indicator. But it also fell below the moving average. Ethereum‘In order to say that the rise has clearly started, it is necessary to see the USD 1,750 levels.

Ripple (XRP) analysis

Ripple‘Also (XRP) USD 0.38 was an important resistance. We pushed that resistance, but on August 19th‘After the decline in , there was also a decline here. 0.35 so that we can say that the increase has started again.‘It has to go up. We are currently in a downtrend, but Fed‘I don’t expect it to fall too much unless there are very hawkish statements of it.

Source: (BYZHA) – Beyaz News Agency