On September 23rd, the cryptos market presents a relatively volatile pattern, $Bitcoin (BTC.CC)$ briefly spiked above $64,000, now slightly retracing to $63,706; $Ethereum (ETH.CC)$ rising over 2% to above $2,600.

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• Harris breaks the silence: promises to support cryptocurrency investments.

As the US presidential election approaches, the battle between Harris and Trump is heating up, and the cryptocurrency industry has become a new target they are competing for.

At a fundraising event held last Sunday at Cipriani Wall Street in Manhattan, US Vice President Harris outlined her economic agenda to donors and publicly stated for the first time that if elected, she would support increased investment in the artificial intelligence and cryptocurrency industries. She vowed:

"I will convene the workforce, small business founders and innovators, and large corporations. We will work together to invest in America's competitiveness and invest in America's future. We will encourage innovative technologies such as artificial intelligence and digital assets while protecting our consumers and investors."

• Good news again in the crypto community! The SEC has approved BlackRock's bitcoin ETF for options trading.

The U.S. Securities and Exchange Commission (SEC) on Friday approved Nasdaq Inc.'s application to allow the exchange to list options contracts related to the iShares Bitcoin Trust ETF. Analysts believe that this marks the removal of a significant barrier before the derivative products related to this product begin trading. Analysts state that getting the SEC to change its stance is an important step towards listing options, which will help attract more and larger investors, while also bringing more liquidity to the ETF, with other similar options expected to be approved soon.

• The Crypto Fear and Greed Index has risen to 50, ranking at a 'neutral' state.

Alternative data shows that today the Crypto Fear and Greed Index has risen to 50, indicating a 'Neutral' state. Note: The Fear Index threshold ranges from 0-100, including indicators such as Volatility (25%) + Market Trading Volume (25%) + Social Media Sentiment (15%) + Market Survey (15%) + Bitcoin's Market Dominance (10%) + Google Trends (10%). A value of 0 in the Fear Index represents 'Extreme Fear', while 100 represents 'Extreme Greed'.

• Bitcoin options with a nominal value of $5.726 billion will be delivered this Friday.

According to Deribit data, this Friday (September 27th) at 4 p.m. will be the BTC September quarterly options expiration date, when a total of $5.726 billion worth of positions will expire, with a put/call ratio of 0.62.

• Senior analyst: The exchange rate between bitcoin and gold may increase by over 400% next year.

Senior chart analyst who successfully predicted the sharp drop in bitcoin in 2018, and founder of Factor Trading, Peter Brandt, suggests that by 2025, the ratio of bitcoin to gold may increase by over 400%. Brandt uses classic technical chart analysis to support his extremely bullish outlook. According to a technical pattern called the Inverse Head and Shoulders (IH&S), this form occurs when prices form three consecutive troughs, with the middle trough (referred to as the head) deeper than the other two troughs (known as the left shoulder and right shoulder).

This pattern forms below a common support line known as the neckline. When the price breaks above the neckline with increasing trading volume, the IH&S pattern disappears. At this point, the extent of the price increase is equal to the maximum distance between the neckline and the deepest point of the head. For the exchange rate of bitcoin to gold, the price of 1 BTC could potentially equal 123 ounces of gold as early as 2025, a rise of over 400% compared to 24 ounces on September 22, 2024.

• Data: Last week, the US spot bitcoin ETF purchased 6573 BTC, while miners produced only 3150.

According to data disclosed by BitcoinMagazine on the X platform, last week the American spot Bitcoin ETF purchased a total of 6573 BTC, while miners only produced 3150 BTC. This means that the amount of Bitcoin purchased by the American spot Bitcoin ETF was more than twice the amount mined by miners.

• Cardano's founder warns that Trump's DeFi venture investment may politicize the cryptocurrency landscape.

Charles Hoskinson, co-founder of Cardano and Ethereum, expresses deep concerns about former President Donald Trump's new DeFi platform venture, World Liberty Financial. Hoskinson stated in an interview that this investment may become a political flashpoint. This could exacerbate the already delicate situation of cryptocurrency regulation in the USA. Hoskinson's biggest concern is the political polarization that Trump has caused in the cryptocurrency field. According to him, 'Everything Trump does will trigger strong opposition from the left,' indicating that Trump's actions could provoke strong opposition from the Democratic Party. This could lead to investigations by regulatory agencies such as the Department of Justice or the Securities and Exchange Commission, potentially stifling innovation and growth in the industry.

• Survey: One in seven American voters hold cryptos and tend to support Trump.

According to a survey from Fortune magazine citing Fairleigh Dickinson University, currently, one-seventh of US voters hold cryptos and tend to support Donald Trump to become the next US president. According to this survey, Trump's support among crypto holders is 50%, leading Vice President Kamala Harris (38%). In contrast, 41% of non-crypto holders support Trump, lagging behind Harris (53%).

Editor/Somer