Table of contentsHow to sell Bitcoin and crypto with your Independent Reserve account; Withdrawing funds to your Standard Chartered bank account; Frequently asked questions Standard Chartered customers in Singapore can securely sell Bitcoin and crypto by using reputable exchanges such as Independent Reserve, one of Singapore’s longest-running and most trusted cryptocurrency exchanges. This guide walks […]
The Bitcoin bull market isn't over, but it’s not looking as healthy as it could be, with eight of the ten indicators on the CryptoQuant Bull Score Index flashing bearish. “Momentum is clearly cooling,” CryptoQuant analyst JA Maartun said. However, the Altcoin Season Index is at 78, with the metric climbing from 25 (Bitcoin season) in June. Expected interest rate cuts in the US could support crypto markets, with FundStrat's Tom Lee telling CNBC that monetary policy combined with the usually strong fourth quarter means Bitcoin “can easily get to US$200,000 (A$299K) before the end of the year.” Bitcoin has traded up and down in an A$15K/US$10K range this week, and it finished up 3.5% from seven days ago to trade around A$172,939 (US$115,320). Ethereum finishes the week up 5.6% to trade around A$6,799 (US$4,535), Solana gained 10.5%, and Dogecoin surged 13.5%. The Bitcoin ETFs hauled in A$3.5B/US$2.32 billion while the Ethereum ETFs took in A$955M/US$637.6 million. The Crypto Fear and Greed Index is at 53, or Neutral.
Table of contentsHow to sell Bitcoin and crypto with your Independent Reserve account; Withdrawing funds to your Citibank bank account; Frequently asked questions Citibank customers in Singapore can securely sell Bitcoin and crypto by using reputable exchanges such as Independent Reserve, one of Singapore’s longest-running and most trusted cryptocurrency exchanges. This guide walks you through […]
Table of contentsHow to sell Bitcoin and crypto with your Independent Reserve account; Withdrawing funds to your UOB bank account; Frequently asked questions UOB customers in Singapore can securely sell Bitcoin and crypto by using reputable exchanges such as Independent Reserve, one of Singapore’s longest-running and most trusted cryptocurrency exchanges. This guide walks you through […]
Table of contentsHow to sell Bitcoin and crypto with your Independent Reserve account; Withdrawing funds to your OCBC bank account; Frequently asked questions OCBC customers in Singapore can securely sell Bitcoin and crypto by using reputable exchanges such as Independent Reserve, one of Singapore’s longest-running and most trusted cryptocurrency exchanges. This guide walks you through […]
If Donald Trump thought firing the Statistics Commissioner last month would result in improved numbers, he would have been disappointed, as only 22,000 US jobs were added in August, which was well below the 75,000 expected. Unemployment ticked up and wage growth slowed; however, that increased expectations of US interest rate cuts and the Nasdaq hit a fresh all-time high overnight. New US inflation figures come out mid-week. Ethereum flipped Bitcoin for spot market trading volume for the first time in seven years, but still finished the week flat at A$6,510 (US$4,297), while Bitcoin gained 3.9% to trade around A$169,420 (US$111,645). Analyst Ted Pillows believes ETH may be following Bitcoin's 2020 price action when it pulled back 25% - 30% after it hit a new all-time high. If ETH mirrors that move, Pillows says it could bottom around US$3,500 to US$3,700 (A$5,305 to A$5,607) before a "parabolic rally in Q4". Solana surged 7.7% as Forward Industry announced a US$1.6 billion (A$2.4B) SOL treasury. Ripple gained 6.9% and Dogecoin shot up 13.9%. Bitcoin mining difficultly also climbed to a new all-time high of 134.7 trillion on Friday. Stock and crypto trading platform Robinhood surged 15% after being added to the S&P 500, but Strategy was snubbed, despite qualifying for inclusion. The Crypto Fear and Greed Index is at 51, or Neutral.
Table of contentsHow to sell Bitcoin and crypto with your Independent Reserve account; Withdrawing funds to your DBS/POSB bank account; Frequently asked questions DBS and POSB customers in Singapore can securely sell Bitcoin and crypto by using reputable exchanges such as Independent Reserve, one of Singapore’s longest-running and most trusted cryptocurrency exchanges. This guide walks […]
Before you begin trading on your Independent Reserve account, you must link your bank account(s) before you can make any deposits or withdrawals of Singapore Dollars (SGD) or US Dollars (USD) using FAST or SWIFT. This article guides you on how you can link your account on Independent Reserve. Log in to your Independent Reserve […]
Bank of Melbourne (BOM) does not provide a way to directly buy, hold, or trade cryptocurrency through its own banking platforms. BOM customers can securely buy Bitcoin and crypto by making transfers to crypto exchanges such as Independent Reserve, one of Australia’s longest-running and most trusted cryptocurrency exchanges. This guide walks you through creating an account, depositing funds, and purchasing Bitcoin, along with BOM’s policies on crypto transactions, and tax considerations.
After peaking at a new all-time high in August, Bitcoin has fallen 13% to touch its lowest level since June. It fell 0.2% this week and is currently trading around US$108,913. Over the past year, Bitcoin has suffered two one-third drawdowns, so further downsides are possible. Tech stocks are also suffering, with the Nasdaq pulling back 1.2%. Ethereum fell by 3.4% this week to trade around US$4,304, even as the Ethereum ETFs hauled in more than a billion dollars. ETH has now fully retraced the god candle it saw following Jerome Powell's Jackson Hole speech. Zooming out, the picture is rosier, however, with analyst Ted Pillows pointing out that while Bitcoin is flat in the third quarter, Ethereum is up 77%. The week’s best performer was Solana, which briefly reclaimed the US$200 mark and finished the week up 3.22% amid a sea of red, perhaps in anticipation of ETF approvals. Looking ahead, September is typically a down month, but Uptober and November usually see some of the best returns of the year. The US M2 money supply has also just hit a new all-time high, with Bitcoin typically following it upwards after a lag. Strategy is also set to join the S&P 500 later this week. The Crypto Fear and Greed Index is at 49, or Fear.
Great Southern Bank (formerly Credit Union Australia) customers can securely buy Bitcoin and crypto by making transfers to crypto exchanges such as Independent Reserve, one of Australia’s longest-running and most trusted cryptocurrency exchanges. This guide walks you through creating an account, depositing funds, and purchasing Bitcoin, along with Great Southern Bank’s policies on crypto transactions, and tax considerations.
Table of contentsHow to buy Bitcoin and crypto with your Trust Bank account Create your account Deposit funds from Bank of China Buy Bitcoin and crypto; Frequently asked questions Trust Bank customers in Singapore can securely buy Bitcoin and crypto by making transfers to reputable exchanges such as Independent Reserve, one of Singapore’s longest-running and […]
