Crypto needs a breather

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto needs a breather

FxPro | 1134 hari yang lalu

Market picture

The crypto market has gained another 3.9% in the past 24 hours, reaching a capitalisation of $1.18 trillion. It has diverged from the stock indices, which have fallen sharply in the previous days due to expectations of a rate hike.

Bitcoin has surged more than 15% in two days, revisiting the area of April highs just above 30k. However, this is where the recovery has paused. Bitcoin needs to consolidate a bit before it can resume its ascent. Moreover, there are doubts that the cryptocurrency rally will continue soon, as the stock indices create a challenging environment for risk-sensitive assets across the board. The technical targets for the BTCUSD correction are the 29.3 and 28.5 levels, 76.4% and 61.8% of the latest rally, respectively. If the decline is halted at either of these levels, we could expect new multi-month highs soon.

News background

The official launch of the new crypto exchange EDX Markets boosted Bitcoin’s rise. The project is backed by financial giants Citadel Securities, Fidelity Investments and Charles Schwab. The market also reacted positively to BlackRock’s application to the SEC for a spot bitcoin ETF, filed last week.

Grayscale Investments’ GBTC bitcoin fund saw its trading volume increase five-fold to $80 million after BlackRock’s filing with the SEC. Following BlackRock, three other major investment firms - WisdomTree, Invesco and Bitwise - also applied for a spot bitcoin ETF.

Fed chief Jerome Powell said the regulator considers payment stablecoins as money and therefore has to regulate their issuance. He said it would be a “grave error” to allow large amounts of private funds to be created without oversight.

Stablecoins and DeFi projects could be the following targets of the SEC’s crackdown, according to investment bank Berenberg. After suing major exchanges, the SEC may now go after the issuers of the two largest stablecoins, Tether (USDT) and USD Coin (USDC).

By the FxPro Analyst Team

FxPro

4.5

451 ulasan

Jenis: NDD

Peraturan: FCA (UK), SCB (The Bahamas)

Teg: Analisis

The crypto market holds its ground despite the stock market slump

The crypto market is stable at $2.19 trillion: BTC is holding steady around $64K, while Ethereum maintains its uptrend, but low trading volumes and institutional inactivity are holding back growth.

FxPro | 15 minit yang lalu

July 30, 2026: Oil, US GDP, and the Bank of England Decision

Oil surged 7.9% on Middle East escalation, reviving inflation fears ahead of Fed's rate hold. Markets await US Q2 GDP, Core PCE, and BoE's rate decision. Brent eyes $92-94 resistance, gold tests $4,115-4,150, GBP/USD approaches 1.3400. Volatility expected in oil, gold, and the pound as inflation risk and central bank signals collide on July 30.

Born2trade | 1j 4min yang lalu

NAS100 Slides as Investors Reassess AI Growth Outlook

NAS100 enters correction territory as investors reassess AI valuations, technology earnings, semiconductor demand and the outlook for future growth.

VT Markets | 1j 36min yang lalu

US Dollar Strengthens as Middle East Tensions and Hawkish Fed Drive Markets | 30th July, 2026

Markets turned risk-averse as renewed Middle East tensions and the Federal Reserve’s hawkish stance boosted the US Dollar. Gold struggled under Dollar strength, while crude oil fell despite geopolitical risks as demand concerns prevailed. The British Pound weakened, and the Australian Dollar traded mixed as investors focused on US economic data, Fed guidance, and geopolitical developments.

Moneta Markets | 2j 48min yang lalu

Why Is the Japanese Yen Weakening? Could Japan Intervene Again?

The Japanese yen remains under pressure as interest rate differentials, energy prices, and carry trade activity continue to shape market sentiment. Could Japan intervene again to support its currency? Explore the key drivers behind the yen's weakness, the Bank of Japan's policy dilemma, and what it could mean for USD/JPY and the global financial markets.

IUX | 5j 44min yang lalu

The Fed Faces a Delicate Balancing Act

As the US government debt approaches the $40 trillion mark, today's Fed Reserve decision carries significance well beyond interest rates. Although markets price in the risk of a rate hike, a policy hold remains the base case. Investors will focus on whether the Fed prioritizes containing inflation or acknowledges the growing economic and fiscal constraints of keeping borrowing costs elevated.

Headway | 18j 46min yang lalu

Bitcoin Price Prediction: All Eyes on the Fed as BTC Reclaims $64K

BTC rises 1.5%, recovering above 64.5k; The Fed is expected to leave interest rates unchanged at 3.5%-3.75%; Market pricing is very mixed, so the decision could spark volatility; The vote split could be a key signal amid limited forward guidance; Bitcoin technical analysis.

PrimeXBT | 18j 53min yang lalu

Today Technical Analysis: Dow Jones gains nearly 1% while tech heavy Nasdaq faces selling pressure

The Dow Jones continues to trade within a constructive short-term uptrend after recovering from the 51,575 low and pushing back toward the recent high at 52,969.

STARTRADER | 19j 12min yang lalu

Review Score

Platform

Harga

Perkhidmatan pelanggan

Ciri-ciri

EURUSD	1.14497	GBPUSD	1.33493	AUDUSD	0.69595
USDJPY	163.646	USDCAD	1.40594	USDCHF	0.81583