Bitcoin set to break through

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin set to break through

FxPro | hace 1259

Market Picture

Bitcoin continues its attempts to break through resistance at $25K. Volatility was muted on Monday as the primary driver of it - US equity markets – was closed yesterday. Cryptocurrency market capitalisation rose 1.2%.

According to CoinShares, investments in cryptocurrencies fell by $32 million last week, the second consecutive week of declines and the highest in seven weeks. Investments in Bitcoin fell by $25 million and Ethereum by $7 million. Investment in funds that allow to short bitcoin increased by $4 million.

Despite bitcoin's unsuccessful attempts to consolidate above $25K, intraday pullbacks from this resistance are becoming smaller, indicating a continued buying-the-dip pattern. A break above $25K is only a matter of time, potentially opening the door to $28K.

News Background

Galois Capital, one of the world's largest cryptocurrency-focused hedge funds, announced its closure. The fund lost around half of its capital after the FTX collapse.

The next cryptocurrency bull market will start in the East. The US will only have two options: embrace cryptocurrencies or be left behind, said Gemini exchange co-founder Cameron Winklevoss. Such comments came amid moves by US regulators against cryptocurrency companies.

The G20's Financial Stability Board (FSB) intends to draw up standards for cryptocurrency regulation by July.

Hong Kong will allow retail investors to trade cryptocurrencies on exchanges. Trading venues will be subject to mandatory licensing.

Meanwhile, Binance's introduction of a zero fee for bitcoin trading and the collapse of the FTX exchange allowed it to capture 98% of the BTC spot trading market.

The FxPro Expert Analyst Team

FxPro

4.5

453 reseñas

Tipo: NDD

Reglamento: FCA (UK), SCB (The Bahamas)

Tags: Análisis

Oil slumps on Iran deal hopes, yen surges, chips wobble again

Trump cancels Iran attacks, raises hope of deal to open Hormuz; oil plunges. Yen extends intervention gains as joint US-Japan action raises the stakes. US futures edge up on lower yields but Korean chip stocks drag Asia down. Gold shrugs off yen volatility as dollar steadies.

XM Group | hace 26 minutos

EBC Markets Briefing | Bullion edges up after Trump backed Iran talks again

Gold rose as oil fell after Trump signaled a deal on Hormuz and Iran. EBC highlights bullish signals, Fed risks and ETF flows amid market shifts.

EBC Financial Group | hace 30 minutos

EUR/USD: Busy Week Ahead

EUR/USD begins the week around 1.1540. Following a volatile week, market attention has shifted from the Federal Reserve meeting to US economic data. Investors will assess whether incoming figures reinforce the case for a September rate hike or, conversely, point to a cooling of the US economy.

RoboForex | hace 1h 8min

Gold Survived the Fed. Can It Survive Payrolls?

This week, gold traders should focus on the full sequence of U.S. economic data rather than Friday's Payrolls alone. Learn how ISM, JOLTs, and NFP shape market expectations and how to combine macro analysis with Auction Market Theory to interpret gold price action.

IUX | hace 1h 58min

Improving Risk Sentiment Lifts Currencies as Iran Peace Hopes Ease Market Fears | 3rd August, 2026

Risk appetite improved as renewed US-Iran peace talks and stronger Chinese manufacturing data weakened the US Dollar and boosted risk-sensitive assets. Silver, the Euro, and Australian Dollar advanced, while the Canadian Dollar lagged due to lower oil prices. Investors now focus on US-Iran negotiations, Chinese data, and central bank guidance for the next market moves.

Moneta Markets | hace 2h 8min

Brent - Trump Calls Off the Strike, and Oil Drops 5%

Oil fell more than 5% to around $82 after President Trump said he cancelled a planned attack on Iran and that talks would resume Monday. Only days ago, the market was preparing for a new wave of strikes and prices were climbing. This is the third sharp reversal in a month, and it shows how much of today's oil price depends on headlines rather than actual supply.

Born2trade | hace 3h 36min

USDJPY Weakens as Japan Confirms Currency Intervention

Japan's coordinated intervention with the US strengthened the Yen as traders assessed Fed expectations and Friday's US jobs report.

VT Markets | hace 4h 55min

Gold Climbs as US-Iran Talks Ease Risks and Fed Focus Builds

US-Iran talks eased immediate geopolitical concerns, while Fed expectations and Friday’s US jobs report kept gold supported near key technical levels.

VT Markets | hace 5h 7min

Review Score

Plataforma

Tarifas

Atención al cliente

Funciones

EURUSD	1.15209	GBPUSD	1.3459	AUDUSD	0.6999
USDJPY	156.957	USDCAD	1.40446	USDCHF	0.80916