Crypto market cools down: Where BTC & ETH could go

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market cools down: Where BTC & ETH could go
FxPro | 709 일 전

Market picture

The crypto market corrected 1.35% over the last 24 hours to 1.4 trillion. Participants are taking profits from the growth of the past few weeks, both in Bitcoin and the major altcoins. The financial market is awaiting US inflation news, which has always been a strong driver, so it makes sense that position traders are looking to profit.

Bitcoin trades near $36.5K and remains in overbought territory (>70) on the daily and weekly RSI timeframes. It will take another day or week of BTC declines to establish a transition to a correction on the respective timeframes. A full-blown correction could take the coin's price as low as $33.6K without breaking the upward trend.

Ethereum has been gaining support on dips towards $2030 for the past three days. The bulls are protecting the major altcoin from falling back below the milestone. Increased pressure could see a correction to $1900.

News Background

According to CoinShares, investments in crypto funds rose significantly for the third consecutive week, increasing by $293 million; inflows continued for the seventh week, totalling over $1 billion. Investments in Bitcoin rose by $240 million, Ethereum by $49 million and Solana by $12 million.

Total assets under management (AuM), now at $44.3bn, is the largest since the bankruptcy of significant crypto funds in May 2022, CoinShares said.

Ethereum has seen its largest inflows since August 2022, with the past two weeks marking a real turnaround in sentiment. 

Increased institutional interest and a decline in the number of sellers confirm that the cryptocurrency market is entering a new phase. The current rally could be the start of a new bullish trend in the digital asset market, according to FalxonX.

The volume of available bitcoin supply has fallen to historic lows, and the "speed" of transferring coins into long-term storage is 2.5 times the rate of their issuance, according to Glassnode.

According to WhaleAlert, Tether has issued over $4 billion USDT of stablecoins in the last 30 days. For 2023, Tether has issued around $22bn USDT - of which $13bn (57%) is on the Tron blockchain.

By the FxPro Analyst team

FxPro
종류: NDD
규제: FCA (UK), SCB (The Bahamas)
read more
Defensive Demand Lifts Metals as Oil Surges on US Sanctions | 23rd October 2025

Defensive Demand Lifts Metals as Oil Surges on US Sanctions | 23rd October 2025

Global markets traded cautiously as geopolitical tensions resurfaced. Gold eased below $4,250 but held support on risk-off sentiment, while silver climbed above $48.50 on mixed industrial and defensive demand. Oil surged past $60 after US sanctions on Russian energy firms sparked supply concerns. The Dollar steadied near 99.00 amid optimism on a US–China trade deal.
Moneta Markets | 6 시간 58 분 전
Renewed tensions keep risk appetite under wraps

Renewed tensions keep risk appetite under wraps

Sanctions and tariffs are back in the spotlight; Risk markets retreat as sentiment softens; Gold struggles to recover; oil jumps, flirts with $61 level; Dollar remains bid; yen suffering might have legs;
XM Group | 7 시간 46 분 전
The British Pound Extends Its Losses

The British Pound Extends Its Losses

The pound remains on the back foot against the US dollar, pressured by growing market conviction that the Bank of England (BoE) will sustain its accommodative monetary policy stance for longer than the US Federal Reserve.
RoboForex | 8 시간 55 분 전
Inflation in Focus as Traders Eye BoE’s Next Move | 22nd October 2025

Inflation in Focus as Traders Eye BoE’s Next Move | 22nd October 2025

Markets traded cautiously as investors awaited UK inflation data, a key driver for the Bank of England’s next move. The Pound held firm ahead of CPI, oil extended gains on improving demand, and the US Dollar stayed soft. Broader sentiment was steady as easing US–China trade tensions balanced inflation-driven uncertainty.
Moneta Markets | 1 일 전