Bitcoin set to break through

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin set to break through

FxPro | 1210 dagar sedan

Market Picture

Bitcoin continues its attempts to break through resistance at $25K. Volatility was muted on Monday as the primary driver of it - US equity markets – was closed yesterday. Cryptocurrency market capitalisation rose 1.2%.

According to CoinShares, investments in cryptocurrencies fell by $32 million last week, the second consecutive week of declines and the highest in seven weeks. Investments in Bitcoin fell by $25 million and Ethereum by $7 million. Investment in funds that allow to short bitcoin increased by $4 million.

Despite bitcoin's unsuccessful attempts to consolidate above $25K, intraday pullbacks from this resistance are becoming smaller, indicating a continued buying-the-dip pattern. A break above $25K is only a matter of time, potentially opening the door to $28K.

News Background

Galois Capital, one of the world's largest cryptocurrency-focused hedge funds, announced its closure. The fund lost around half of its capital after the FTX collapse.

The next cryptocurrency bull market will start in the East. The US will only have two options: embrace cryptocurrencies or be left behind, said Gemini exchange co-founder Cameron Winklevoss. Such comments came amid moves by US regulators against cryptocurrency companies.

The G20's Financial Stability Board (FSB) intends to draw up standards for cryptocurrency regulation by July.

Hong Kong will allow retail investors to trade cryptocurrencies on exchanges. Trading venues will be subject to mandatory licensing.

Meanwhile, Binance's introduction of a zero fee for bitcoin trading and the collapse of the FTX exchange allowed it to capture 98% of the BTC spot trading market.

The FxPro Expert Analyst Team

FxPro

4.5

437 recensioner

Typ: NDD

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

Taggar: Analys

Gold – The war ended, so why is gold going up?

The Iran peace deal should have sent gold lower—fear fading usually does. Instead, gold climbed for a third straight day to $4,319. Three new forces stepped in: a falling dollar, cheaper oil calming inflation worries, and institutional money flowing back. Wednesday's Fed decision under new chair Kevin Warsh will reveal whether this bounce has legs or if gold gives it all back just as fast.

Born2trade | 38 minuter sedan

EBC Markets Briefing | Swiss franc steadies ahead of population cap referendum

Swiss franc stays muted after US-Iran ceasefire deal, with SNB expected to hold rates. EBC highlights FX trends, Micron gains, Truist changes, and UBS' cautious gold outlook.

EBC Financial Group | 1h 18minuter sedan

AUDUSD Slips After RBA Holds Rates Amid Inflation Concerns

The Australian dollar dips as the RBA maintains rates at 4.35%, with traders weighing inflation risks, housing, and global risk sentiment.

VT Markets | 1h 34minuter sedan

Nikkei225 Retreats Ahead of BOJ Rate Decision From Record Highs

Japan’s Nikkei225 softens from record highs as investors weigh the upcoming BOJ rate decision, yen strength, and rotation across key sectors, creating a cautious near-term outlook.

VT Markets | 2h 42minuter sedan

The Next Wave of Technology Investing: AI, DeFi, and Space Infrastructure

Traders are looking beyond traditional AI stocks as crypto, DeFi, and space infrastructure join the rotation, highlighting the importance of cross-market signals.

VT Markets | 3h 5minuter sedan

Market Digests US-Iran Agreement; Eyes on Two Central Banks' Decisions

US stock markets soared on Monday, with the Dow up 0.9% to a record, the S&P 500 up 1.66%, and the Nasdaq up 3.07%. Treasury yields fell to a one-month low, and the US dollar dropped against the Euro and Pound. The US-Iran deal eased rate-hike concerns, pushing gold to a one-week high and causing crude oil to drop by over 4%.

ATFX | 4h 7minuter sedan

Technical Outlook on GOLD, GBP/USD, USD/JPY

GOLD rebounds as traders welcome temporary US-Iran peace deal ahead of the FOMC decision. USD/JPY bulls appear to be running out of steam as focus shifts to the BoJ rate decision. GBP/USD extends recovery but remains cautious as the BoE meeting, economic data and UK politics weigh on sentiment.

XM Group | 17h 4minuter sedan

The Wall Street Climbs a Wall of Worry

Despite equities trading close to record highs, 48% of AAII investors remain bearish, whilst only 30% are bullish. History suggests that the strongest bull markets are often driven by skepticism rather than euphoria, with cautious investors providing fresh buying power on every dip.

Headway | 17h 22minuter sedan

Review Score

Plattform

Prissättning

Kundtjänst

Funktioner

EURUSD	1.15994	GBPUSD	1.34185	AUDUSD	0.7062
USDJPY	160.274	USDCAD	1.40083	USDCHF	0.79498