Bitcoin set to break through

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

FxPro | 1224 दिनों पहले

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

440 समीक्षाएँ

प्रकार: NDD

विनियम: FCA (UK), SCB (The Bahamas)

टैग: विश्लेषण

The S&P 500: Is the Next Leg Higher Already Taking Shape? 🚀

Despite a historically weak seasonal backdrop during the US midterm election years, the S&P 500 continues to display the characteristics of a long-term bull market. Short-term seasonality is turning supportive, while investors now await key economic data and the Fed's July decision, both of which could determine whether the next major move is higher.

Headway | 6घंटे 46 मिनट पहले

NAS100 Rebounds as Tech Futures Boost Risk Appetite

Investor sentiment improves as tech futures rally and US-Iran de-escalation news lifts confidence, driving NAS100 higher.

VT Markets | 7घंटे 57 मिनट पहले

Today Technical Analysis: Gold falls more than 1% since the market open after falling to break $4,100

Gold has transitioned from a strong recovery into a consolidation phase after rebounding sharply from the $3,959 low.

STARTRADER | 8घंटे 36 मिनट पहले

Today Fundamental Analysis: Oil resumes its downward trend despite temporary escalations at the weekend

Oil prices remain in a clear downtrend despite moving higher after renewed tension between the U.S. and Iran over the weekend raised concerns about potential supply disruptions in the Middle East.

STARTRADER | 8घंटे 40 मिनट पहले

Silver Slips Back Into Downtrend as Fed Narrative Tightens Grip

Silver’s renewed weakness reflects a convergence of technical and macro pressures. Sticky inflation, a more hawkish Fed outlook, and a firm dollar are outweighing safe-haven demand. The $55.23 level now stands as a key inflection point. A break below would expose deeper downside toward $51.38 and $47.21.

Errante | 10घंटे 15 मिनट पहले

BTCUSD (4H) searches for a lifeline

Despite last week’s flash drop to a 21-month low of 58,093, BTCUSD managed to hold above June’s floor at 59,100, just as it is about to complete a devastating month with losses of nearly 20%.

XM Group | 12घंटे 24 मिनट पहले

EUR/USD: The Advantage Remains with the Dollar

EUR/USD began the week trading around 1.1381. The US dollar has maintained its strong position following the hawkish outcome of the Federal Reserve’s June meeting. The updated projections from FOMC members confirmed the central bank’s willingness to continue tightening monetary policy, prompting markets to reassess the interest rate outlook.

RoboForex | 12घंटे 27 मिनट पहले

GBPUSD Stabilises as Traders Brace for Burnham Economic Update

Sterling steadies near seven-month lows as investors assess upcoming Burnham speech, UK fiscal plans, and US dollar strength, weighing potential market impact.

VT Markets | 13घंटे 13 मिनट पहले

Review Score

प्लेटफॉर्म

मूल्य

ग्राहक सेवा

विशेषताएं

EURUSD	1.14241	GBPUSD	1.32603	AUDUSD	0.68887
USDJPY	161.936	USDCAD	1.42075	USDCHF	0.80745