Bitcoin testing the buyers’ interest

Daily Cryptocurrency expert market comment from FxPro Analyst Alex Kuptsikevich: Bitcoin testing the buyers’ interest
FxPro | 1042 दिनों पहले

Bitcoin testing the buyers’ interest

 

Market picture

Bitcoin rose 2.9% in the past 24 hours, surpassing the psychologically significant round level, now trading at $20.2K. Ethereum rose to $1350, adding 2%, which is in line with the entire crypto market valuation growth.

The Bitcoin price is testing its 50-day moving average on Wednesday morning. Decisive buying from the level of this curve could signal the market is moving into the next phase with more active buying. Right now, however, we draw attention to the increased caution of investors in the sector, as the equity market looks much more buoyant.

Glassnode estimates that 78,400 BTC belonging to miners could be at risk of liquidation if bitcoin falls below $18.3K. Volatility could intensify after an extended period of consolidation of around $20K.

News background

Cryptocurrencies are losing popularity as an investment vehicle amid a bear market. According to a Bankrate survey, trust in digital assets has fallen the most among millennials, to 29% from 49% in 2021. The figure fell from 21% to 11% among the older generation.

Analyst firm Bolide Finance said investors prefer trading to stable returns in the DeFi sector, showing positive returns despite the crypto crisis and declining volumes.

International payments company Mastercard has unveiled Crypto Secure, a solution allowing banks to detect and prevent fraud on trading platforms that support cryptocurrencies.

The developers of Telegram’s Wallet bot launched a P2P service for direct buying and selling of bitcoin and Toncoin (TON) between users.

 

By the FxPro Analyst Team 

read more
Markets Brace for US CPI Data as Dollar Steadies | 12th August 2025

Markets Brace for US CPI Data as Dollar Steadies | 12th August 2025

Markets tread cautiously ahead of US CPI, with gold near $3,355 and oil rebounding above $63.00. AUD/USD holds near 0.6500 on trade truce optimism but RBA cut bets persist, while EUR/USD hovers above 1.1600 on geopolitical hopes. DXY steadies at 98.50 as traders weigh inflation’s impact on Fed policy. CPI results seen as key catalyst for near-term volatility.
Moneta Markets | 22 मिनटों पहले
Oil in a bear hug, despite the rebound

Oil in a bear hug, despite the rebound

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Oil in a bear hug, despite the rebound
FxPro | 17घंटे 13 मिनट पहले
China is still exporting deflation

China is still exporting deflation

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: China is still exporting deflation
FxPro | 20घंटे 13 मिनट पहले
Dollar safe-haven pedigree to be tested if risk appetite turns sour

Dollar safe-haven pedigree to be tested if risk appetite turns sour

Risk-on sentiment potentially under threat after Nvidia revenue-sharing story; Cryptos surge; ether climbed to highest level since 2021; Gold declines as August 15 Trump-Putin meeting on the radar; RBA set to cut; aussie reaction dependent on overall tone;
XM Group | 21घंटे 40 मिनट पहले
Gold Weakens Amid Improved Risk Appetite

Gold Weakens Amid Improved Risk Appetite

Gold opened the week lower, slipping below 3,380 USD per troy ounce on Monday, as easing geopolitical tensions reduced demand for the metal as a safe-haven asset.
RoboForex | 21घंटे 43 मिनट पहले