Cryptocurrencies need a driver

Daily Cryptocurrency expert market comment from FxPro Analyst Alex Kuptsikevich: Cryptocurrencies need a driver

FxPro | 1396 दिनों पहले

Cryptocurrencies need a driver

Market picture

Bitcoin has gained 2.8% over the past 24 hours to $19750 but remains broadly zen. Against the backdrop of falling equity markets, the first cryptocurrency's balanced moves looked like a sign of domestic strength. But yesterday, the equity market marked a sharper rise than cryptocurrencies.

Bitcoin is one move away from the top end of its trading range ($20300). But only a solid consolidation above this boundary should be considered a meaningful bullish signal.

Ethereum is lying at its 200-week moving average for the third week. Perhaps the entire crypto market lacks an important external driver to switch to growth, although no meaningful decline exists.

News background

According to CoinShares, investments in cryptocurrencies increased by $10 million last week. The figure rose for the third week in a row, but the scale of investment indicates continued indecision. Bitcoin investments rose by $8m, Ethereum by $6m, and investments to short bitcoin rose by $2m.

According to CryptoQuant, bitcoin outflows from cryptocurrency exchanges have recently intensified, which could be seen as a bullish signal.

US Senator Cynthia Lummis has expressed concerns about the national debt and rising inflation in the US. In her view, citizens should invest in bitcoin to preserve their funds.

According to Nomics, some 12,100 cryptocurrencies have effectively stopped trading this year, turning into "zombies". Technically, the coins exist but have not shown trading volumes for at least a month.

FxPro Analyst Team

FxPro

4.5

452 समीक्षाएँ

प्रकार: NDD

विनियम: FCA (UK), SCB (The Bahamas)

टैग: विश्लेषण

July 31, 2026: Intervention, Bank of Japan, and Eurozone Inflation

Japan's suspected FX intervention pulled USD/JPY back from 40-year lows before the BOJ's steady-rate decision let yen gains slip. Nikkei jumped 3.6% on tech rebound, while EUR/USD sits near a one-month high ahead of Eurozone flash inflation. Key levels for USD/JPY, Nikkei 225, and EUR/USD, plus what could trigger the next move.

Born2trade | 46 मिनटों पहले

Trade Gold Anytime With XAUUSD247

Trade gold beyond traditional market hours with XAUUSD247, starting from just 1 oz with flexible sizing, competitive conditions and access across VT Markets platforms.

VT Markets | 2घंटे 17 मिनट पहले

July Market Review: Oil Volatility, AI Correction and August Outlook

Global markets faced renewed volatility in July as oil prices surged, AI stocks corrected and investors monitored Fed policy, inflation and geopolitical risks heading into August.

VT Markets | 6घंटे 5 मिनट पहले

The Fed Held Rates, but the Voting Split Signals a More Hawkish Autumn

The Federal Reserve left interest rates unchanged, but the 9–3 voting split exposed growing divisions within the FOMC. Rising Treasury yields, persistent inflation and increasingly hawkish rhetoric suggest that further tightening remains firmly on the table. Markets are now shifting their focus towards the Fed's autumn meeting, which could prove decisive for the policy outlook.

Headway | 18घंटे 41 मिनट पहले