empty
07.05.2025 02:14 PM
Crypto market opens with buoyant growth

US stock index futures surged sharply at the opening of today's trading session on news that representatives from the US and China have resumed consultations on trade matters. Media reports revealed an upcoming meeting between US Treasury Secretary Scott Bessent and Trade Representative Jamison Greer with Chinese officials on May 10–11 in Switzerland. This could mark the first step toward de-escalating the tariff war, giving market participants hope that the world's two largest economies may reach an agreement to ease tensions.

As risk assets, cryptocurrencies also opened the day with strong gains. Bitcoin rose 2.4%, trading near 96,800.00 in the BTC/USD pair at the time of writing.

This image is no longer relevant

Altcoins in the top 10 by market capitalization posted similar price changes, averaging around 2.5%. Cardano (ADA) was the strongest performer, up +2.4%. The total cryptocurrency market capitalization rose 1.7% over the past 24 hours to $2.99 trillion, according to CoinMarketCap.

This image is no longer relevant

The Fear & Greed Index remains in the "greed" zone for the second day in a row, indicating increasing investor appetite for risk assets, including both stocks and cryptocurrencies.

However, economists caution against giving in to euphoria, recommending that traders stay calm and stick to their strategies.

Today marks the conclusion of the Fed's two-day meeting, which is unlikely to significantly impact the markets. The interest rate is widely expected to remain unchanged at 4.50%. At the same time, the Fed continues to resist pressure from the US President, who advocates for rate cuts.

If the Fed officials surprise the market with hawkish statements referencing inflation risks, the U.S. dollar may break resistance at the psychological level of 100.00 and continue its upward correction — a scenario we discussed in yesterday's report, "Dollar-Gold: PMI, Fed, Trump." In such a case, stock and crypto markets could face renewed selling pressure.

It's also worth noting that Matt Hougan, Chief Investment Officer at Bitwise, recently warned that the crypto industry may face a "rough summer" if the US Congress fails to pass at least one piece of cryptocurrency regulation. In his view, delayed legislation could undermine the momentum gained by crypto assets following Donald Trump's election as US President.

However, Hougan also believes that Bitcoin could reach $200,000 in 2025, provided legislative progress is made, particularly around the USD-backed stablecoin market, which Trump has been actively promoting since January, following his inauguration and the signing of his first executive order, "Strengthening US Leadership in Digital Finance."

This image is no longer relevant

From a technical perspective, 2 out of the 4 pairs we monitor — BTC/USD and XRP/USD — remain in medium- and long-term bull markets, holding above key support levels of 86,600.00 (200-day EMA on the BTC/USD daily chart) and 2.0170 (200-day EMA on the XRP/USD daily chart).

This image is no longer relevant

In contrast, Ethereum and ETH/USD are still trapped in a downtrend and "depression." The instrument is trading in a medium-term bear market, below 2,426.00 (200-day EMA), and has entered a long-term bear market after breaking below 2,250.00 (200-week EMA). A significant factor behind the negative sentiment around Ethereum was the Bybit hack in February and the theft of ETH assets.

Jurij Tolin,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Bitcoin and Ethereum maintain bullish momentum

Despite a short pause, Bitcoin and Ethereum don't appear to be finished with their upward moves. While Bitcoin slightly pulled back during today's Asian trading session, Ethereum has already broken

Jakub Novak 11:03 2025-05-27 UTC+2

BTC/USD Analysis on May 27, 2025

The wave pattern on the 4-hour BTC/USD chart has become more complex. A corrective downward structure completed its formation around the $75,000 level. After that, a fairly strong upward move

Chin Zhao 10:53 2025-05-27 UTC+2

Trading Recommendations for the Cryptocurrency Market on May 27

Demand for bitcoin and ether has continued early this week. Bitcoin remains above the $109,000 mark, while Ethereum is trying to consolidate above $2,600. Yesterday's news that Strategy once again

Miroslaw Bawulski 08:53 2025-05-27 UTC+2

Bitcoin Holds Above $107,000

Bitcoin has resumed its upward movement and already surpassed the $109,900 level after a solid correction to the $106,000 level over the past weekend. The fact that price held above

Jakub Novak 11:35 2025-05-26 UTC+2

Trading Recommendations for the Cryptocurrency Market on May 26

Demand for Bitcoin and Ethereum returned at the beginning of this week. Bitcoin has broken above the $109,000 level, while Ethereum is attempting to consolidate above the $2,550 mark. Yesterday

Miroslaw Bawulski 09:39 2025-05-26 UTC+2

Bitcoin. May 23rd. Smart Money System Analysis

Bitcoin continues to form a bullish trend structure. One could argue whether there are real reasons for a new bullish trend at the moment, but the chart suggests only that—unambiguously

Samir Klishi 20:04 2025-05-23 UTC+2

TRUMP official: crypto community, protests, and politics

On the evening of May 22, 2025, a unique event took place at the Trump National Golf Club in Virginia — a dinner hosted by Donald Trump with the largest

Jurij Tolin 16:49 2025-05-23 UTC+2

Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday May 23, 2025.

It appears that the price movement of the Doge Cryptocurrency on the 4-hour chart is moving above the WMA (21) which has a slope that is going upwards

Arief Makmur 09:04 2025-05-23 UTC+2

Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday May 23, 2025.

If we look at the 4-hour chart of the Ripple cryptocurrency, it appears to be moving above the WMA (21) which has a steep slope and has successfully broken

Arief Makmur 09:04 2025-05-23 UTC+2

Bitcoin Forecast for May 23, 2025

On Thursday, Bitcoin's price reached the target level of 111,770. The Marlin oscillator appears to be lagging behind the price, giving the impression of a potential divergence — though unconventional

Laurie Bailey 04:45 2025-05-23 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.