Bitcoin testing the buyers’ interest

Daily Cryptocurrency expert market comment from FxPro Analyst Alex Kuptsikevich: Bitcoin testing the buyers’ interest
FxPro | 938 days ago
Stocktwits

Bitcoin testing the buyers’ interest

 

Market picture

Bitcoin rose 2.9% in the past 24 hours, surpassing the psychologically significant round level, now trading at $20.2K. Ethereum rose to $1350, adding 2%, which is in line with the entire crypto market valuation growth.

The Bitcoin price is testing its 50-day moving average on Wednesday morning. Decisive buying from the level of this curve could signal the market is moving into the next phase with more active buying. Right now, however, we draw attention to the increased caution of investors in the sector, as the equity market looks much more buoyant.

Glassnode estimates that 78,400 BTC belonging to miners could be at risk of liquidation if bitcoin falls below $18.3K. Volatility could intensify after an extended period of consolidation of around $20K.

News background

Cryptocurrencies are losing popularity as an investment vehicle amid a bear market. According to a Bankrate survey, trust in digital assets has fallen the most among millennials, to 29% from 49% in 2021. The figure fell from 21% to 11% among the older generation.

Analyst firm Bolide Finance said investors prefer trading to stable returns in the DeFi sector, showing positive returns despite the crypto crisis and declining volumes.

International payments company Mastercard has unveiled Crypto Secure, a solution allowing banks to detect and prevent fraud on trading platforms that support cryptocurrencies.

The developers of Telegram’s Wallet bot launched a P2P service for direct buying and selling of bitcoin and Toncoin (TON) between users.

 

By the FxPro Analyst Team 

Regulation: FCA (UK), SCB (The Bahamas)
Tags: Analysis
Stocktwits
read more
ATFX Market Outlook 30th April 2025

ATFX Market Outlook 30th April 2025

On Tuesday, President Trump signed an executive order combining tariff credits and duty exemptions for specific auto parts to mitigate the impact of auto tariffs. U.S. stocks rose sharply, with the Dow Jones up 0.75%, the S&P 500 gaining 0.58%, and the Nasdaq climbing 0.55%. The benchmark 10-year U.S.
ATFX | 4h 6min ago
ATFX Market Outlook 29th April 2025

ATFX Market Outlook 29th April 2025

The S&P 500 index closed nearly flat on Monday after a choppy session, weighed down by losses in mega-cap stocks. Investors focused on several key drivers, including upcoming significant U.S. corporate earnings and critical economic data. Among the three major U.S. stock indexes, the Dow Jones Industrial Average rose 0.28%, the S&P 500 gained 0.06%, and the Nasdaq Composite slipped 0.1%.  
ATFX | 1 day ago
Technical Outlook on USDJPY, EURUSD, BTCUSD

Technical Outlook on USDJPY, EURUSD, BTCUSD

USDJPY finds solid footing near familiar support zone; BoJ expected to hold rates steady. EURUSD shifts to the sidelines ahead of Eurozone CPI inflation. BTCUSD returns to bullish path as traders await US GDP, core PCE inflation, and Nonfarm Payrolls.
XM Group | 1 day ago
Tools
Economic Calendar
Market Hours
Interest Rates
Holidays Calendar
Forex Market
Forex Volatility
Forex Correlation
Forex News
forex analysis
COT Data
Liquidity
Forex Calculators
Forex Heat Map
Indicators Heatmap
Community
Community
Systems
Most Popular Systems
Strategies
Contests
Forex Charts
Forex Sentiment
Sentiment Indicator
Reviews
Brokers
Prop Trading Firms
VPS Services
Signal Providers
EA Programming Services
Affiliate Programs
PAMM Broker Services
Rebate Program Services
Trading Platforms
Expert Advisors
Crypto Exchanges
Trading Courses
Brokers
Forex Spreads
Forex Broker Quotes
Forex Broker Swaps
Forex Broker Volume
Forex Broker Promotions Press Release
Platform
Widgets
Features
API
RSS
Stock Portfolio
Affiliate Software
Advanced Charts
Support
FAQ
Help
Contact Us
Report a Bug!
About
Blog
© 2025 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.