The BTC is balancing near 26,741 USD on Tuesday.
Yesterday, the leading cryptocurrency was feeling good and rising in value. However, the mood has changed today. But if we step back, we can see that strategically nothing is changing. The market is waiting and saving power until important news about the US national debt comes out.
Another round of debt limit negotiations between Democrats and Republicans is over. There are no results and time is running out. By 1 June, the US federal government will be left without the ability to fund its spending.
Strong support for BTC remains at 26,500 USD. If it is broken, the bears will rush towards 25,200 USD.
The cryptocurrency market capitalisation has fallen to 1.118 trillion USD. BTC’s share fell to 46.3%, while ETH’s share rose to 19.5%.
Free Reports:
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
China launches its own metaverse
A state-owned metaverse has been launched in China. It is a platform for blockchain technology and applications. The metaverse aims to develop new digital technologies.
CoinDesk registers interest in CFX token
CoinDesk has recorded growing user interest in the Conflux Network token, CFX, also referred to as China’s Ethereum. CFX became popular when Hong Kong authorities allowed retail investors to conduct transactions in cryptocurrency.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- EUR/USD: The Advantage Remains with the Dollar Jun 29, 2026
- Escalation of the US–Iran conflict is once again supporting the rise in oil prices Jun 29, 2026
- Oil prices fall back to pre‑war levels. Silver drops to a 7‑month low Jun 25, 2026
- Gold Falls to an Eight-Month Low: This May Not Be the Bottom Jun 25, 2026
- Stock indices came under heavy selling pressure amid growing skepticism about AI investments Jun 24, 2026
- The Pound Is Pressured Not by Politics, but by a Strong US Dollar Jun 24, 2026
- Global crude oil prices continued to decline. The AUD/USD exchange rate hit an 11‑week low Jun 23, 2026
- EUR/USD Remains Under Sellers’ Control as the Dollar Stays Strong Jun 23, 2026
- Gold Falls for the Third Consecutive Week: Is There Still Upside Potential? Jun 22, 2026
- Bank Indonesia raised its interest rate. Norges Bank and the SNB left rates unchanged Jun 19, 2026
