Bitcoin set to break through

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin set to break through
FxPro | 1213天前

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
類型: NDD
規則: FCA (UK), SCB (The Bahamas)
read more
The Fed Has Changed the Rules of the Game

The Fed Has Changed the Rules of the Game

The Fed kept rates unchanged, but everything else turned decidedly more hawkish. Higher inflation forecasts, higher expected rates and the end of forward guidance mean markets are now on their own. Every inflation print and every job report will matter more than ever—expect volatility to become the new normal.
Headway | 1小時33分鐘前
Today Fundamental Analysis: US stocks close lower as Fed keeps interest rates unchanged, but hints at a rate hike this year

Today Fundamental Analysis: US stocks close lower as Fed keeps interest rates unchanged, but hints at a rate hike this year

At the first FOMC meeting chaired by Kevin Warsh, the committee kept interest rates unchanged at 3.5%–3.75%. However, the Fed’s updated dot plot turned more hawkish, with policymakers now expecting higher rates in 2026. The median year-end rate forecast rose to 3.8% from 3.4% in March, signaling the possibility of at least one rate hike next year.
STARTRADER | 5小時0分鐘前
US500 – The Fed Just Turned Hawkish, and Stocks Felt It

US500 – The Fed Just Turned Hawkish, and Stocks Felt It

The Fed just shifted gears. Instead of rate cuts, nine officials now expect a hike this year. New chair Kevin Warsh's message: beating inflation comes first. Markets reacted fast—S&P 500 dropped over 1%, the dollar surged, and yields hit a one-year high. Warsh also dropped forward guidance, so traders now watch data over Fed promises. The next move hinges on jobs and inflation numbers.
Born2trade | 5小時14分鐘前
GBPUSD Awaits Bank of England Meeting Near April Lows

GBPUSD Awaits Bank of England Meeting Near April Lows

GBPUSD is attempting to stabilise near 1.3317 on Thursday morning. The pound sterling barely reacted on Wednesday to weaker-than-expected UK inflation data. Investors preferred to take a wait-and-see approach ahead of today’s labour market statistics and the Bank of England meeting.
RoboForex | 7小時48分鐘前
Fed’s Hawkish Lifts the Dollar, Pressures Gold and Equities

Fed’s Hawkish Lifts the Dollar, Pressures Gold and Equities

🦅 Warsh's Fed erases all 2026 rate cut expectations — DXY surges to 11-week high at 100.57, 2Y yields spike 16bps. Gold and tech stocks slide. Dot plot pushes easing to 2027-28. WTI drops as US-Iran sign preliminary ceasefire. IEA warns of 8M bpd oversupply in 2027. Jobless claims up next.
CPT Markets | 7小時52分鐘前