Crypto on a mountain plateau

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto on a mountain plateau
FxPro | 165 days ago

Crypto on a mountain plateau

Market picture

The cryptocurrency market rose 3.5% in the last 24 hours, recovering to $3.63 trillion, having peaked in the last five days. The market’s rapid recovery is indicative of continued interest in risk assets. Despite the day’s rise in altcoins, they remain well below their recent highs, accentuating the performance of Bitcoin, which is close to its all-time highs.

The Cryptocurrency Market Sentiment Index increased by 8 to 84 (extreme greed), the highest in the last five weeks. In mid-December, a similar level of sentiment led to a five-day sell-off.

Bitcoin traded near the $105K mark. It was quickly bought back on Tuesday when it fell to $101K, but when it reached the $107K level early Wednesday afternoon, the market shifted to sellers. Clearly, optimism is high in the market, but an additional factor is needed for new momentum.

News background

The Block recorded an increase in the number of enquiries on the topic of Bitcoin, interpreting this as a leading indicator of stronger retail investment inflows. The number of mentions of Bitcoin in X last week doubled from the previous week to 495 thousand. On Google Trends, the number of ‘how to buy cryptocurrency’ queries reached an all-time high.

Dogecoin showed significant growth after the US government’s Department of Government Efficiency (DOGE) published the Dogecoin meme cryptocurrency logo on its official website.

Last week, MicroStrategy acquired an additional 11,000 BTC through the sale of ~$1.1bn worth of shares at an average price of around $101,191 per coin. The company holds 461,000 BTC on its balance sheet, acquired for a combined $29.3bn at an average price of $63,610.

On 21 January, Telegram and the TON Foundation announced an exclusive agreement requiring embedded Web3 applications to use the TON network exclusively. Existing wallet protocols for third-party networks will be prohibited, except for applications with cross-chain functionality.

By the FxPro Analyst Team

Regulation: FCA (UK), SCB (The Bahamas)
read more
Gold Struggles for Direction as Risk Mood Sours | 7th July, 2025

Gold Struggles for Direction as Risk Mood Sours | 7th July, 2025

On July 7, gold slips below $3,350 as the USD strengthens and traders take profit amid tariff-related jitters. Silver lingers under $37. EUR/USD and NZD/USD retreat on weak sentiment, while USD/CAD rises above 1.3900 as oil weakens. Markets brace for key data including US CPI and Eurozone retail sales, with Fed speeches also in focus.
Moneta Markets | 2h 43min ago
ATFX Economic Calendar- 2025.07.07~2025.07.11

ATFX Economic Calendar- 2025.07.07~2025.07.11

The ATFX Weekly Economic Calendar is a comprehensive resource designed to help traders and investors stay ahead of market-moving events. It outlines key economic data releases, central bank meetings, speeches, and geopolitical events for the week. This calendar provides a strategic tool for navigating global markets, offering insights into potential volatility triggers across multiple asset.
ATFX | 3h 58min ago
ATFX Market Outlook 7th July 2025

ATFX Market Outlook 7th July 2025

U.S. dollar weakened against major currencies after President Trump’s landmark tax cut bill was passed, amid mounting pressure on countries to strike trade deals with Washington. As markets brace for the July 9 tariff deadline—targeting countries like Japan that have yet to reach agreements—the dollar index slipped 0.1% to 96.92.
ATFX | 5h 21min ago
Why Silver could be the precious metal of 2025

Why Silver could be the precious metal of 2025

The gold bar is metallic yellow and slightly behind the silver bar, which is metallic white and positioned in front. Gold may still be the headline act, but silver’s no longer content playing second fiddle. In 2025, silver isn’t just glittering - it’s surging forward as one of the most exciting metals on the market.
Deriv | 2 days ago
Risk-on sentiment fades as tariffs return to the spotlight 

Risk-on sentiment fades as tariffs return to the spotlight 

Dollar surrenders gains posted after robust labour market report; Trump celebrates US budget bill approval; scheduled to sign it today; Most Fed members feel more comfortable as July rate cut is priced out; Oil steadies near $66, gold rally retains momentum;
XM Group | 2 days ago