BTC/USD 1-hour chart. Source: TradingView

Coming in at $63,300, the September monthly close sealed BTC price gains of 7.3%, per data from monitoring resource CoinGlass — Bitcoin’s best-ever ninth month of the year.

BTC/USD monthly returns (screenshot). Source: CoinGlass

According to Keith Alan, co-founder of trading resource Material Indicators, doing so was key to avoid “opening the door to a retest” of the range lows.

Source: Keith Alan

“So far this year it has struggled to hold on to that level. Whether $BTC trades above or below is a good mid/high timeframe momentum and strength indicator.”

BTC/USD 1-day chart. Source: Daan Crypto Trades/X

“Now we look for dips to buy as it potentially establishes another higher low. Altcoins largely look the same, backtesting their own key breakout resistances as support.”

BTC/USD 1-day chart. Source: Scott Melker/X

“I think we're in a new uptrend, which means that dips are for buying. In that sense, if we get a retest at $60.5-61.3K, I'm interested before we test the ATH.”

BTC/USDT 6-hour chart with RSI, volume data. Source: Michaël van de Poppe/X

Source: Cointelegraph

Investments from the World Bank’s private investment arm hit a record $56 billion in its financial year to end-June, the lender’s managing director told Reuters.

International Finance Corporation (IFC) commitments, which cover both its own short- and long-term financing as well as mobilised funding, had risen by 28 per cent year-on-year, said managing director Makhtar Diop.

This was chiefly driven by internal reforms as part of World Bank President Ajay Banga’s push to speed up lending across the group, which includes the IFC whose investments are targeted at spurring growth and reducing poverty in developing countries.

“(We) have been in a process of kind of seeing what we can do differently,” Diop said, adding apart from streamlining processes the IFC had also decentralised decision making, allowing directors on the ground to take more responsibility over the deployment of funds in their patch.

Looking ahead to the financial year ending in June 2025, Diop expected another increase, aiming for a target of $62 billion, with the lender focusing efforts on infrastructure more widely, especially roads and transportation, and working with sub-sovereign entities, such as municipalities.

“They (municipalities) are not often the best equipped to structure deals and to do PPPs,” Diop said, referring to public private partnerships. “If you manage to work with them and develop a good pipeline of PPPs and to help them to deliver school, health services, things that are under their responsibility, to help them have much greener cities ...you can have a huge amount of investment which is needed there.”

Diop also said he wanted to increase equity investments, shifting further away from traditional loans and bonds, possibly even as a cornerstone investor that would help take companies public on their domestic stock markets. However, the IFC would have to consider what this could mean for its coveted AAA rating, with equity investments bearing more risk than debt exposure.

“One objective that I can see in the equity business is to start investing in companies, having equity there, prepare them to be listed so that we can list them and exit maybe when they are listed,” Diop said.

Source: khaleejtimes

Stagnating progress in efforts to achieve the UN’s Sustainable Development Goals is holding back African nations and the wider world, Mauritania’s president told the UN as he appealed for reforms of the international system to “give Africa a voice.”

Speaking on last Monday at the organization’s headquarters in New York City, Mohamed Ould Ghazouani said that despite setbacks, the African Union and its member states have “made tremendous efforts to achieve Agenda 2063,” a blueprint for sustainable development and economic growth on the continent.

The day before his address, UN member states voted to adopt the “Pact of the Future,” an initiative designed to bring multilateralism “back from the brink” and revive progress toward achieving the SDGs.

“The crises faced by our world recently present a challenge to our common future,” said Ghazouani, who chairs the African Union.

“If we continue to (attempt to) achieve the SDGs following the same track, using the same mechanisms, following the same pace, within the foreseeable future we will not be able either to eradicate poverty or to achieve peace and security, or to restore the environmental balance, or create the sustainable development we want.”

Authorities in Mauritania have sought to battle violence, terrorism, vulnerabilities and poverty, and have worked to ensure the economic integration of Africa, he added.

But progress in efforts to achieve the SDGs, regionally and internationally, are “not up to standard,” Ghazouani warned, as he highlighted the regression in development because of “wars, conflict, climate change and the debt burden.”

Imbalances in international governance have also played a part in the stagnation of progress, he added.

“It has been incumbent on the international community to find solutions, effective and efficient solutions, that will establish a common agenda to accelerate the implementation of the SDGs,” he said.

Reform of the international financial architecture and the UN Security Council remain a priority for his country and continent, Ghazouani continued.

This would “allow our continent to have a voice so its priorities will be given due consideration in the international agenda,” he said.

“We also call (for efforts) to address the debt issue, address environmental needs, enhance international cooperation and ensure international peace and security, so together we can take our planet away from the collapse that it is experiencing.”

Source: ARAB