Crypto market: a bullish calm

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market: a bullish calm
FxPro | 841 दिनों पहले

Market picture

Bitcoin closed last week at zero, failing to move meaningfully away from the $30K level on good news about spot ETF bids or terrible news about SEC claims against it. As a result, the exchange rate is stomping around $30.6K on Monday. Ethereum has added 4.3% in seven days, to $1960. Other leading altcoins from the top 10 are adding between 0.5% (XRP) and 25% (Solana).

The total capitalisation of the crypto market, according to CoinMarketCap, rose 2.5% to $1.207 trillion for the week.

On the tech analysis side, Bitcoin has been consolidating in a sideways range for the past ten days, cooling off after jumping 5k up from local lows in June. Only a consolidation outside the $30-31K range would signal that the market has decided on a medium-term direction for a breakout. The long-term trend has been bullish since last November, within which severe drawdowns sometimes occur.

In terms of seasonality, July is considered quite successful for BTC. Over the past 12 years, bitcoin has ended the month up eight times and down four times. The average rise was 22.3%, and the average decline was 8.8%.

News background

Bitcoin rises predominantly during the US session thanks to institutional investors, K33 Research noted. It also expects growth to continue as BTC attracts major investors such as BlackRock, Fidelity, and Citadel. In addition, BTC has had little correlation with the stock market of late. The correlation has turned negative for the first time since January 2021.

Fred Thiel, CEO of mining company Marathon Digital, also noted the declining correlation between bitcoin and gold, which investors see as financial risk hedges.

Bids for spot bitcoin-ETFs from BlackRock, Fidelity and others have not been "clear and comprehensive" and have not included sufficient information regarding the so-called joint monitoring agreement or details of the mechanism; the SEC told the Nasdaq and CBOE exchanges, the Wall Street Journal reported citing sources. The CBOE plans to update and resubmit the documents.

By the FxPro Analyst Team

FxPro
प्रकार: NDD
विनियम: FCA (UK), SCB (The Bahamas)
read more
Gold Undergoes Correction Amid Divergent Forces

Gold Undergoes Correction Amid Divergent Forces

Gold prices face continued pressure from a resilient US dollar and expectations that the Federal Reserve will maintain its restrictive monetary policy stance. These headwinds have triggered a technical correction in the precious metal.
RoboForex | 36 मिनटों पहले
EUR/USD Under Downward Pressure

EUR/USD Under Downward Pressure

The euro is facing sustained selling pressure, primarily driven by a robust US dollar. The greenback is being bolstered by rising Treasury yields and fading market expectations for an early start to the Federal Reserve’s easing cycle.
RoboForex | 21घंटे 44 मिनट पहले
Japanese bulls went to recharge

Japanese bulls went to recharge

For the first time in Japan, a woman has become prime minister. Takaichi’s position (stimulating the economy and lowering interest rates) has led to speculative buying in Japanese stocks
FxPro | 22घंटे 10 मिनट पहले
ATFX Market Outlook 21st October 2025

ATFX Market Outlook 21st October 2025

US equities surged on Monday, with financial and technology shares providing most of the upside. Optimistic quarterly earnings revived risk appetite, while concerns about regional banks’ credit quality eased. The Dow gained 1.12%, the S&P 500 rose 1.07%, and the Nasdaq advanced 1.37%. The US Dollar Index edged higher alongside Treasury yields.
ATFX | 22घंटे 53 मिनट पहले
Dollar advances as markets remain cautious

Dollar advances as markets remain cautious

Dollar extends gains as US equity futures turn slightly lower; Trump’s tariff rhetoric fails to dent investor confidence; Gold retreats after fresh all-time high; oil weakness persists; Yen resumes its underperformance after Takaichi is elected as PM;
XM Group | 23घंटे 30 मिनट पहले