Bitcoin’s intense shake-up

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin’s intense shake-up
FxPro | 1176 일 전

Market picture

Bitcoin has been experiencing intense ups and downs this week but remains close to $28,000. This dynamic is looks like a quarterly portfolio shakeout, and predicting the next local move is difficult.

At the same time, we note the slight downward slope of local highs and lows. The Q1 successes have created a demand for profit-taking. In the coming days, it is worth keeping an eye on the trading range boundaries. 

According to CryptoQuant, the number of BTCs in exchange wallets is rising. Since the end of March, traders have sent coins to exchanges to sell later.

An accelerated decline at $27.5K would raise the prospect of a deeper correction to $25K, where the price could go quickly. A consolidation above $28.5K would indicate that the sideways trend of the last two weeks is over and that the price is ready to move higher.

According to CoinShares, investments in crypto funds increased by a modest $2.5 million last week, following a $160 million increase the week before. Bitcoin investments rose by $9 million, while Ethereum fell by $3 million.

News background

BTC miners reported their best results since May last year. Bitcoin mining companies collectively generated $755 million in revenue in March.

Two law firms are suing Binance for $1 billion for promoting unregistered securities. This is the second lawsuit against the exchange, on top of one from the CFTC last week.

According to Kaiko, Binance’s spot market share has dropped significantly in the past week. The CFTC’s investigation could last for years, so the outflow of funds will continue.

By the FxPro analyst team

FxPro
종류: NDD
규제: FCA (UK), SCB (The Bahamas)
read more
The Era of Easy Money May Be Over Again

The Era of Easy Money May Be Over Again

The global rate-cutting cycle appears to have reached its limits. With the Fed, ECB and BoJ all leaning towards tighter policy, a new era of higher rates may be emerging. Yet with debt levels across developed economies already towering, this is a dangerous balancing act. The greatest risk may lie within the old existing economic order weakening without a clear successor ready to take its place.
Headway | 5 시간 6 분 전
Gold – hit from both sides at once

Gold – hit from both sides at once

Gold is back near this month's lows around $4,118, and two forces are pulling it down at once. Iran peace talks remove the safe-haven bid while Fed rate signals undercut the inflation hedge. Central bank buying still puts a floor under the price, but Thursday's PCE report may decide whether the slide continues or gold finally finds a reason to bounce.
Born2trade | 11 시간 19 분 전
US Approves 60 Day Iran Oil Export; Dollar Holds Firm Ahead of PCE

US Approves 60 Day Iran Oil Export; Dollar Holds Firm Ahead of PCE

🛢️ US grants 60-day Iran oil export license after Vance claims "significant progress" in Switzerland — Brent drops 3.3% to $77.90, WTI falls to $74.82. DXY holds firm above 101.00. Tech stocks hammered — Alphabet -5%, SpaceX -16%. Fed hike probability at 89%. PCE and PMI data in focus today.
CPT Markets | 12 시간 34 분 전
Hawkish Fed Supports Dollar as Oil Weakness and Political Risks Pressure Major Currencies | 23rd June, 2026

Hawkish Fed Supports Dollar as Oil Weakness and Political Risks Pressure Major Currencies | 23rd June, 2026

The US Dollar remained dominant as expectations of a hawkish Federal Reserve supported demand for the Greenback. Improving US-Iran relations and the lifting of sanctions on Iranian oil exports increased global supply expectations, pressuring crude oil prices. Meanwhile, political uncertainty in the UK and weaker commodity markets weighed on the Pound, Canadian Dollar, and Australian Dollar.
Moneta Markets | 14 시간 30 분 전
A £2 Trillion SpaceX: Extraordinary Vision… or Excessive Faith?

A £2 Trillion SpaceX: Extraordinary Vision… or Excessive Faith?

SpaceX may be worth over $2 trillion, but today's revenues hardly justify such a valuation. Investors aren't paying for the current business—they're paying for Starlink, AI, Starship and industries that don't yet exist. The real question isn't whether SpaceX is a great company, but whether reality can keep pace with expectations. At these levels, markets are pricing beliefs as much as fundamentals
Headway | 1 일 전