Crypto market under pressure from Bitcoin

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market under pressure from Bitcoin
FxPro | Pred 528 dňami

Market picture

Crypto market cap on Monday stands at $2.2 trillion, down 5.2% over seven days, although it showed some growth over the weekend. Local market capitalisation peaked on March 14th, but the active decline began about a month ago, with a sequence of lower lows and lower highs.

During the previous week, the crypto market held near the upper boundary of the descending channel. Cryptocurrencies are being helped by increased risk traction in stock markets. Still, there is also internal pressure, likely related to asset sell-offs by miners and fears of tighter regulation of cryptocurrencies.

Bitcoin is largely negatively impacting the overall performance of the crypto market right now. However, it has been finding plenty of buyer interest over the past two months, on a decline towards $60K. A failure below it could trigger something of a panic sell-off. The positive scenario, in our opinion, will become the main one with a rise above $65K, fixing the price at the 50-day moving average and the reversal area in early May.

News background

US venture capital fund Pantera Capital said it has invested a record amount in TON, which has not yet been disclosed. Pantera attributed the decision to invest in TON to the project's potential to become one of the largest crypto networks. Toncoin (TON) rose nearly 20 per cent over the week, showing the best growth in the top 100 cryptocurrencies.

Ethereum co-founder Joseph Lubin said the US SEC is deliberately hindering innovation, threatening the future of the country's financial system. According to him, "It looks like the SEC has reclassified Ethereum into a security without telling anyone."

ARK Invest and 21Shares have excluded staking from the application to launch a spot Ethereum-ETF. This situation may indicate an attempt to "tidy up the paperwork" based on SEC comments despite the lack of official statements, according to Bloomberg.

Factor's CEO Peter Brandt suggested that cryptocurrency staking could soon be recognised as an illegal activity.

According to a report for the SEC, Susquehanna, a trading and technology behemoth with $481bn in assets under management, has invested $1.2bn in various spot bitcoin ETFs.

By the FxPro Analyst Team

FxPro
Typ: NDD
Regulácia: FCA (UK), SCB (The Bahamas)
read more
Defensive Demand Lifts Metals as Oil Surges on US Sanctions | 23rd October 2025

Defensive Demand Lifts Metals as Oil Surges on US Sanctions | 23rd October 2025

Global markets traded cautiously as geopolitical tensions resurfaced. Gold eased below $4,250 but held support on risk-off sentiment, while silver climbed above $48.50 on mixed industrial and defensive demand. Oil surged past $60 after US sanctions on Russian energy firms sparked supply concerns. The Dollar steadied near 99.00 amid optimism on a US–China trade deal.
Moneta Markets | Pred 4 h 36 min
Renewed tensions keep risk appetite under wraps

Renewed tensions keep risk appetite under wraps

Sanctions and tariffs are back in the spotlight; Risk markets retreat as sentiment softens; Gold struggles to recover; oil jumps, flirts with $61 level; Dollar remains bid; yen suffering might have legs;
XM Group | Pred 5 h 24 min
The British Pound Extends Its Losses

The British Pound Extends Its Losses

The pound remains on the back foot against the US dollar, pressured by growing market conviction that the Bank of England (BoE) will sustain its accommodative monetary policy stance for longer than the US Federal Reserve.
RoboForex | Pred 6 h 33 min
Inflation in Focus as Traders Eye BoE’s Next Move | 22nd October 2025

Inflation in Focus as Traders Eye BoE’s Next Move | 22nd October 2025

Markets traded cautiously as investors awaited UK inflation data, a key driver for the Bank of England’s next move. The Pound held firm ahead of CPI, oil extended gains on improving demand, and the US Dollar stayed soft. Broader sentiment was steady as easing US–China trade tensions balanced inflation-driven uncertainty.
Moneta Markets | Pred 1 dňom