Bitcoin stuck at $28K

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin stuck at $28K

FxPro | 1191 дней спустя

Market picture

Bitcoin is down 1.3% over the past week, finishing around $27,800. Ethereum lost 2.7% to $1760. Other leading altcoins from the top 10 showed mixed dynamics: from a decline of 8.2% (Polkadot) to a growth of 13.6% (XRP).

Total crypto market capitalisation, according to CoinMarketCap, fell 1.4% to $1.16 trillion over the week.

Bitcoin had updated 9-month highs to around $28,900 but corrected in the second half of the week.

As a result of another recalculation, bitcoin's mining difficulty rose by 7.56%. The figure renewed its all-time high at 46.84 T. The average hash rate was 335.23 EH/s. Correlated metrics have increased by more than 30% since the beginning of the year.

News background

Tether technical director Paolo Ardoino said the company has about $1.6 billion in excess reserves to support its stablecoin USDT. In his view, amid the banking crisis and global economic uncertainty, bitcoin may well surpass its previous record high of $68,000.

The Fed's board of directors has once again rejected Custodia Bank's application for membership, indicating that the bank's business model does not meet the goals set out in the Federal Reserve Act.

JPMorgan bank said the US banking crisis has opened up opportunities to increase market share for some crypto exchanges by offering banking services to cryptocurrency firms and investors.

German securities processing giant Deutsche Wertpapier Service Bank AG (dwpbank), which manages 5.3 million customer accounts for various banks, has launched wpNex, a bitcoin trading platform.

Nasdaq, the operator of the stock exchange of the same name, has announced plans to launch cryptocurrency storage services by the end of the second quarter of 2023.

By the FxPro analyst team

FxPro

4.5

440 отзывов

Тип: NDD

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

Тэгов: Анализ

Why Gold's 28% Drop Isn't the Bearish Signal It Appears

Gold may be down 28% from its record high, but it still trades at more than twice the level seen three years ago. While Western investors have been selling, central banks continue accumulating bullion at scale. The message is becoming increasingly clear: gold is no longer just an inflation hedge—it is steadily evolving into an alternative to confidence in the US dollar.

Headway | 8ч 20мин назад

Stronger Dollar Pressures Commodities and Major Currencies as Fed Bets and Iran Risks Persist | 30th June, 2026

Markets remained defensive as persistent Federal Reserve rate hike expectations and US-Iran uncertainty strengthened the US Dollar. Gold, silver, the New Zealand Dollar, and the Canadian Dollar stayed under pressure, while WTI crude remained volatile ahead of the US JOLTS Job Openings report, which could provide fresh clues on the Fed’s next policy move.

Moneta Markets | 8ч 32мин назад

Oil finds no silver lining

Brent has returned to pre-crisis levels, whilst rising supplies and weak demand reinforce bearish sentiment. Barring a new escalation, the decline is likely to continue.

FxPro | 9ч 32мин назад

Gold: heading for $3,600?

Gold is retreating under pressure from a strengthening dollar and expectations of high Fed interest rates; bears are anticipating a fall to $3,600 before demand returns.

FxPro | 11ч 21мин назад

Is Bitcoin set to move lower?

The crypto market is stable at $2.06T, but Bitcoin is stuck below key levels. The risk of a decline to $40K is growing against the backdrop of Strategy’s weakness.

FxPro | 11ч 27мин назад

USD/JPY – The yen just hit a 40-year low, and Japan may step in

The yen just hit its weakest level against the dollar since 1986 — a 40-year low driven by a near-3% rate gap. Japan has already spent $72 billion on intervention this year, but the effects didn't last. With a huge number of traders betting on further yen weakness, the real risk now is a violent unwind. Thursday's US jobs report is the next trigger. Will strong data keep the pressure on?

Born2trade | 12ч 29мин назад

Risk appetite holds firm as key data take centre stage

Improved risk appetite ahead of a fresh US-Iran meeting in Qatar; oil stabilizes; Month-end rebalancing flows and the first batch of US data in focus; Euro and yen underperform, partly on negative football results; pivotal German CPI print today; Dollar/yen climbs above 162, with investors questioning when Japan will intervene;

XM Group | 12ч 53мин назад

GBPUSD (4H) still has room to climb

GBPUSD is knocking on the door near the 1.3271 resistance for a second time after staging a steady rebound from a seven-month low of 1.3139.

XM Group | 13ч 16мин назад

Review Score

Платформа

Ценообразование

Служба поддержки

Функции

EURUSD	1.14204	GBPUSD	1.32565	AUDUSD	0.69172
USDJPY	162.553	USDCAD	1.41934	USDCHF	0.8075