Bitcoin’s intense shake-up

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin’s intense shake-up
FxPro | 1169 dni temu

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
Wprowadzić: NDD
Regulacja: FCA (UK), SCB (The Bahamas)
read more
SpaceX: Investors Aren't Buying Rockets—They're Buying the Future

SpaceX: Investors Aren't Buying Rockets—They're Buying the Future

With a valuation exceeding $2 trillion, SpaceX is no longer being judged by today's earnings or revenue multiples. Investors are backing a vision where satellite connectivity, artificial intelligence and space infrastructure converge into entirely new industries. The market isn't pricing what SpaceX is—it is pricing what the world could become.
Headway | 6g 50 minut temu
Brent: The key to the mystery lies in TACO

Brent: The key to the mystery lies in TACO

The US dollar quickly recouped some of its losses as markets began to doubt the effectiveness of the US-Iran deal. Each side is presenting the agreement as a victory for itself, and the disagreements remain.
FxPro | 10g 16 minut temu
Crypto: growth without the euphoria

Crypto: growth without the euphoria

The crypto market is rising cautiously with no signs of euphoria; Bitcoin is holding within a 10-day channel, while selling pressure is easing.
FxPro | 10g 17 minut temu
Middle East deal optimism lingers as attention shifts to the Fed

Middle East deal optimism lingers as attention shifts to the Fed

US and Iran sign MoU but risk of last-minute drama remains elevated as Israel remains unhappy; Oil prices pause drop, while the dollar recovers most of Monday’s losses; BoJ hikes as widely expected, but dollar/yen still trades above 160; RBA pauses, aussie suffers; Attention shifts to Wednesday’s crucial Fed meeting;
XM Group | 12g 18 minut temu
BoJ Rate Hike Strengthens Yen While Weak China Data Pressures Australasian Currencies | 16th June, 2026

BoJ Rate Hike Strengthens Yen While Weak China Data Pressures Australasian Currencies | 16th June, 2026

Asian markets were driven by the Bank of Japan’s 25-basis-point rate hike to 1.00%, its highest rate since 1995, boosting the Japanese Yen. Meanwhile, weak Chinese retail sales data pressured the Australian and New Zealand Dollars, raising concerns about regional growth. Investors are now focused on BoJ guidance, Chinese data, and Federal Reserve policy signals.
Moneta Markets | 12g 25 minut temu