Bitcoin tops $71K

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin tops $71K, about to retest highs

FxPro | 804 วันที่ผ่านมา

Market picture

Crypto market capitalisation regained another 5% in 24 hours, peaking earlier in the day at $2.7 trillion against a recent peak of 2.7 in mid-March and around $3 trillion at the end of 2021. The recovery is faster than before the decline, promising prospects for further growth.

Bitcoin has once again surpassed the psychologically important 71K. The main intrigue of the next few days is the ability to overcome the previous highs at $73.7K. Strengthening above $75K will make the growth scenario up to 95.5 workable. But until then, one should be prepared for a re-intensification of selling in the first cryptocurrency.

News background

According to CoinShares, investments in crypto funds fell by a record $942 million last week after two weeks of updating all-time highs in inflows. Investments in Bitcoin were down $904 million; Ethereum was down $34 million, and Solana was down $5.6 million. Investments in funds that allow for bitcoin shorts were down $4 million.

Goldman Sachs said there is growing client interest in cryptocurrencies, fuelled by the approval of spot bitcoin ETFs in the US. Demand is mainly coming from traditional hedge funds. However, the institution intends to reach a "broader paradigm of clients", including asset managers and banks and select cryptocurrency-focused companies.

Skybridge Capital founder Anthony Scaramucci advised bitcoin investors not to sell the cryptocurrency even if they are spooked by market volatility.

CommEX unexpectedly announced a complete shutdown on 10 May. Binance said the exchange "failed to fulfil its obligations" as part of a deal to sell the exchange's Russian business to it.

By the FxPro Analyst Team

FxPro

4.5

431 รีวิว

ประเภท: NDD

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

แท็ก : การวิเคราะห์

Display Industry Finds New Growth Through AI and Packaging

Panel makers are moving into semiconductor packaging as AI-driven device demand reshapes factories and fuels growth opportunities.

VT Markets | 1 ชม. 28 นาทีที่ผ่านมา

Silver Tests Its 200-Day Moving Average for the First Time in a Year

The coming sessions may therefore define silver's medium-term direction. Holding above the 200-day moving average would reinforce the longer-term bullish structure, whilst a sustained move below it would signal that sellers have regained control and could open the door to a deeper correction.

Headway | 12 ชม. 39 นาทีที่ผ่านมา

ECB vs BoC: Central Bank Divergence Takes Centre Stage

Two major central banks are heading in opposite directions. The ECB is poised to hike rates as eurozone inflation accelerates to 3.2% and second-round effects emerge, while the Bank of Canada holds at 2.25% as Canada navigates a technical recession and fragile recovery. This policy divergence is set to remain a key driver for EUR/CAD throughout the second half of 2026, with traders closely watchin

ActivTrades | 15 ชม. 16 นาทีที่ผ่านมา

Oil Surges, Dollar Holds Firm as Middle East Tensions Escalate | 8th June, 2026

Global markets turned defensive as escalating Middle East tensions boosted safe-haven demand for the US Dollar and lifted oil prices. The Canadian Dollar weakened despite stronger crude, Silver came under pressure from Fed hike expectations, and the Euro found support from ECB tightening bets as investors monitored geopolitical risks.

Moneta Markets | 17 ชม. 4 นาทีที่ผ่านมา

NFP Surprise Boosts the Dollar

NFP smashes estimates at 172K vs 85K expected — DXY breaks above 100, gold drops 2% to $4,350, USD/JPY clears 160.00. Fed hike probability jumps to 52% on Kalshi. WTI recovers losses after Iran fires missiles at Israel. OPEC+ raises July quota by 188K bpd. US CPI and PPI the next key catalysts this week.

CPT Markets | 17 ชม. 33 นาทีที่ผ่านมา