Before you another summary of the week with Sebastian Seliga of Zondacrypto.
Improving moods
The week closed with a moderate improvement in moods and a technical “breath” after August weakness. The following came to the fore: Waiting for the FOMC decision, which will be made on September 17 (a strong discount reduction of 50 PB), a milder dollar in a weekly basis and local industry catalysts. In parallel, on the Polish side, Zondacrypto intensified activities in the area of PR, marketing and education, announcing the start of the nationwide route Zondacrypto Education Center.
Market: Price ranges and leaders’ behavior
For most of the week, Bitcoin stayed above USD 111,000 and at the end of the shopping window has repeatedly tested the zone of 113.5-115,000 USD, which in the market comments was considered a key short -term “ceiling”. In the background there were divergent, but consistent in the order of the size narrative: the script of consolidation 111–114,000 USD and a variant of a dynamic approach around USD 116,000 when they were boring. The indicators confirmed the movements in this band.
Ethereum consolidated around $ 4,300 – 4,500 USD in the area, with a moderate Spot volume and a mixed image of flows on related products. The relative force of ETH remained intact, but without an unequivocal leader among the Alts, which harmonized with an ambiguous image of influx to ETF/ECtHorts in the segment of large capitalization.
Macro and Fed policy: CPI, Weakening USD and Decision valuation
The August CPI reading in the US showed an increase to 2.9% y/y (at most since January). Despite the “hotter” CPI, the market maintained the valuation of the foot cut by the FED next week – the consensus of economists and the prices of term contracts indicate the dominant scenario – 25 PB, with a decreasing chance of traffic at the level of 50 PB. The weaker week for the dollar (DXY) corresponded with the growing certainty about loosening.
Poland: What’s new at Zondacrypto?
The stock exchange announced the start of the nationwide route of the Zondacrypto Education Center – the first meeting on September 25 in Warsaw (h.4.0.s, Marszałkowska 64) with the participation of Rafał Kiełbus, with a program focused on practical foundations without industry jargon. At the same time, the stock exchange expands recognition in sport: Mattia Perin (Juventus) joined the group of ambassadors, and in Poland a large exhibition was maintained thanks to football partnerships (including perpetual Krakow) and cycling (PZU Gran Fondo Series). These activities strengthen the brand recognition and educational accent in building adoption.
Final commentary
The image of the week is a combination of: technical consolidation of BTC near local resistance, a neutral-positive background for ETH and macro, which-despite the “warm” inflation-maintains the market narrative about the start of the fed soothing cycle. In Poland, bridges are being built between the sector and mainstream through education and sponsorship of sport.
