Merchants' 15min Chart Indicates Bearish Trend with KDJ Death Cross and Bearish Marubozu.

The 15-minute chart for Merchants has triggered a KDJ Death Cross and a Bearish Marubozu at 10:45 on October 10, 2025. This indicates a shift in momentum towards the downside, with a potential for further price decreases. Sellers are currently in control of the market, and it is likely that bearish momentum will continue.

Square, the payments arm of Block Inc., is set to revolutionize the way U.S. merchants accept and manage Bitcoin payments. The company's Bitcoin payments rollout, scheduled for November 10, 2025, will be available to over 4 million U.S. merchants, excluding those in New York State due to regulatory constraints Square Could Enable Bitcoin Payments For Over 4 Million U.S. Merchants, Waiving Fees Through 2026^[1].

The launch includes a built-in wallet for merchant custody and instant conversion options, allowing businesses to accept, hold, or convert Bitcoin at checkout. Notably, Square is waiving transaction fees for Bitcoin payments through the end of 2026, with a 1% processing fee planned for 2027 Square Could Enable Bitcoin Payments For Over 4 Million U.S. Merchants, Waiving Fees Through 2026^[1]. This fee structure aims to reduce the technical friction for small businesses, potentially accelerating merchant acceptance of cryptocurrency.

Square's Bitcoin payments feature supports holding Bitcoin, instant conversion to fiat, or automatic split conversions of daily card sales (up to 50%). The system also demonstrated Lightning Network support for near-instant settlements at the Bitcoin Conference 2025 Square Could Enable Bitcoin Payments For Over 4 Million U.S. Merchants, Waiving Fees Through 2026^[1]. This integration enhances the speed and cost-effectiveness of Bitcoin transactions, making it more practical for everyday use.

The rollout aligns with Block's broader Bitcoin strategy, which aims to normalize the cryptocurrency in commerce. Block currently holds 8,692 Bitcoin, positioning it among the largest public holders. The company's integration seeks to remove technical barriers and offer settlement flexibility, making Bitcoin transactions as simple as card payments Square Could Enable Bitcoin Payments For Over 4 Million U.S. Merchants, Waiving Fees Through 2026^[1].

The move is expected to bolster Jack Dorsey's long-running push to make Bitcoin "everyday money" rather than just a speculative asset. While Bitcoin's role in commerce is still limited, the rollout could significantly expand its usage. eMarketer projects that the number of U.S. consumers using crypto for payments will grow by 82% between 2024 and 2026 Dorsey’s Block stock climbs to 8-month high as Square adds fee-free bitcoin payments for merchants^[2].

However, the rollout comes amidst a challenging market environment. The 15-minute chart for Merchants has triggered a KDJ Death Cross and a Bearish Marubozu at 10:45 on October 10, 2025, indicating a shift in momentum towards the downside and potential further price decreases . Sellers are currently in control of the market, and it is likely that bearish momentum will continue.

In conclusion, Square's Bitcoin payments rollout is a significant step towards mainstream crypto payments. With waived fees through 2026, Lightning support demonstrations, and integrated wallet tools, the update positions Block to expand Bitcoin use in everyday transactions. Merchants should review Square dashboard settings ahead of the November 10 launch to choose settlement options that match their risk and operational needs.