FxWirePro- Major Crypto levels and bias summary 
Silver Sheds Gains in Gold’s Wake as Bears Probe Key $74.50 Support; Sell-on-Rallies Eyes $70 
Ether Breaks Below $2,100: Triple EMA “Sell-the-Rally” Setup Targets $1,900 
Cuba needs a long-term solution to its energy crisis 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
US Economy Fueled by AI Investment Faces Rising Risks Ahead of Fed Meeting 
ETH Cracks $2,100 in Bitcoin’s Wake as Bearish EMA Stack Deepens; Sellers Target $1,900 on Rallies 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
AI-Driven Memory Chip Prices May Be Skewing U.S. Inflation Data, Fed Minutes Suggest 
Since Indian central bank (RBI) imposed blanket ban on cryptocurrency trading in the region, the banking services is abstained from serving crypto-firms and the government would also be pondering over a bill to legally ban cryptocurrencies. Country’s finance ministry has also proposed a bill to move in line with the RBI’s stance on cryptocurrencies.
On the flip side, few elements seemed constructive on contemplating a robust regulatory framework on cryptocurrencies.
Quite a few exchange operators have confronting these regulatory obstacles, and the issue is being heard by the Indian supreme court, the Apex court has now adjourned the date of the next hearing to November 12th.
Recently, bitcoin.com reported that the State Bank of India Chairman Rajnish Kumar has reportedly argued for cryptocurrency regulation in India, despite the government considering a bill to ban all cryptocurrencies except state-issued ones. SBI, the largest bank in India and a Fortune 500 company, is a government-owned corporation headquartered in Mumbai.
Nevertheless, amid such topsy-turvy sentiments on cryptocurrencies, Indian crypto-enthusiasts continue to deal into cryptocurrencies.
The trading volumes on some exchanges in the country have considerably been mounting.
Cointelegraph, recently, reported that South Korean exchange Bithumb’s international platform Bithumb Global is intending to launch a regulated cryptocurrency exchange in India.
While Bitcoin.com has stated that Paxful has reported steady growth in bitcoin trading in INR terms on its peer-to-peer (P2P) bitcoin marketplace. For the week ending October 26th, despite bitcoin’s price plunge below $8k, 85 BTC were traded, a 13% increase from the 75 BTC traded the previous week. In yet another case, competing P2P marketplace Localbitcoins reported 146 BTC traded in the week ending October 26thand 143 BTC the previous week.
Bitcoin price (at Coinbase) has surged more than 28% from the last 3-4 days with the mounting volumes in BTC derivatives contracts as well., currently, trading at $9,377 level.
While the CME BTC Futures (BTCX2019) has created a gap up pattern which is expected to be filled-in.
