Things go wild in crypto

The cryptocurrency market lost another 7.7% to $900B over the past 24 hours, returning capitalisation to the area of September-October lows; at the peak of the decline, it was approaching the current market cycle lows set in June. Leading altcoins in the top 10 fell from 5.5% (BNB) to 22.9% (Dogecoin).

FxPro | 1321 dagar sedan

Market picture

At its worst moment of market capitulation on Tuesday night, Bitcoin was down to $17.1K, renewing 2-year lows. Many potential long-term investors in cryptocurrencies are now trying to assess whether we saw a final surrender yesterday, followed by a reversal. So far, we have doubts that the most worrisome part is behind us.

BTC's sharp decline earlier in the day came amid an abrupt collapse in one of the largest crypto exchanges FTX's own FTT token, which now trades at $4.6, having lost over 80% from $25.6 on Saturday. And all this on high trading volumes.

Another victim of the latest crypto chaos was Solana coin, which had lost 55% since Saturday before the crypto market went wild.

News background

On Tuesday evening, it was reported that Binance had agreed to acquire cryptocurrency exchange FTX amid investor panic and a liquidity crisis at what was once the third-largest cryptocurrency exchange. The news failed to stem capital outflows, and the cryptocurrency sell-off continued, albeit calmer.

Despite some resolution, the news did not trigger a market recovery. Some experts say what has happened threatens the crypto market with significant disruption.

Other observers point out that the collapse of the crypto market occurred on the day of the US congressional elections, which could have triggered selling in an environment of uncertainty, which is always bad for risky assets such as cryptocurrencies.

FxPro

4.5

439 recensioner

Typ: NDD

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

Taggar: Analys

Hawkish Fed Supports Dollar as Oil Weakness and Political Risks Pressure Major Currencies | 23rd June, 2026

The US Dollar remained dominant as expectations of a hawkish Federal Reserve supported demand for the Greenback. Improving US-Iran relations and the lifting of sanctions on Iranian oil exports increased global supply expectations, pressuring crude oil prices. Meanwhile, political uncertainty in the UK and weaker commodity markets weighed on the Pound, Canadian Dollar, and Australian Dollar.

Moneta Markets | 47 minuter sedan

A £2 Trillion SpaceX: Extraordinary Vision… or Excessive Faith?

SpaceX may be worth over $2 trillion, but today's revenues hardly justify such a valuation. Investors aren't paying for the current business—they're paying for Starlink, AI, Starship and industries that don't yet exist. The real question isn't whether SpaceX is a great company, but whether reality can keep pace with expectations. At these levels, markets are pricing beliefs as much as fundamentals

Headway | 16h 43minuter sedan

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

Gold falls after hawkish Fed; US Core PCE could dictate the next move. Dollar dominance drags EUR/USD to three-month lows; Flash PMIs to gauge economic momentum. GBP/USD steadies as leadership transition boosts stability expectations.

XM Group | 16h 58minuter sedan

Brent – Iran Says It Will Close Hormuz, So Why Is Oil Still Near $78?

Iran threatens to close the Strait of Hormuz — the route for 20% of global oil — yet Brent barely moves, trading near $78. The market already priced out the war premium last week when peace hopes emerged. But if tankers truly stop, a fifth of the world's supply vanishes, and prices can surge within hours. Is the market underestimating Iran's threat?

Born2trade | 20h 33minuter sedan

Hormuz Blockade Returns; Markets Await Key US PCE Inflation Data

🚨 Iran reinstates Hormuz blockade after Switzerland talks collapse — WTI jumps 1% to $78, DXY hits 3-month high at 101.11. 9 of 19 Fed officials now project a rate hike this year, September on the table. Gold stabilizes on safe-haven flows. PCE inflation data the key catalyst this week.

CPT Markets | 22h 5minuter sedan

S&P 500: the higher it climbs, the greater the fear

Corporate earnings are rising, the economy is on a solid footing, and interest in AI shows no sign of waning. What else is needed to convince investors of a bright future for the S&P 500?

FxPro | 22h 14minuter sedan

The dollar outperforms its rivals

The US dollar opened the week with a gap up against the backdrop of escalating geopolitical tensions in the Middle East, expectations of accelerating inflation in the US and weakness in rival currencies.

FxPro | 22h 16minuter sedan

Dollar strength persists as attention shifts to UK politics

US, Iran agree on a 60-day roadmap; will the Strait of Hormuz reopening last? US dollar is well supported despite light Fedspeak; could euro/dollar’s bearish breakout persist? Dollar/yen climbs as investors question Japanese Finance Ministry’s intervention strategy; Light data calendar; all eyes on the pound as UK PM Starmer steps down

XM Group | 22h 42minuter sedan

Review Score

Plattform

Prissättning

Kundtjänst

Funktioner

EURUSD	1.14258	GBPUSD	1.32369	AUDUSD	0.69529
USDJPY	161.515	USDCAD	1.41745	USDCHF	0.80828