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:
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.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
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.
- Optimism surrounding the US-China summit in Beijing supported the markets May 15, 2026
- Gold Falls on US Inflation Concerns as Week Ends in Losses May 15, 2026
- The oil market may remain in a state of severe supply shortage until autumn May 14, 2026
- GBP/USD Under Policy Pressure: What Lies Ahead for the Prime Minister? May 14, 2026
- European stock markets declined amid rising concerns about an energy crisis May 13, 2026
- USD/JPY Continues to Climb Amid External and Domestic Pressures May 13, 2026
- You can change your emotions – but it’s a 2‑step process that takes some effort May 12, 2026
- The United States rejected Iran’s proposal for resolving the conflict. Oil prices surged again May 12, 2026
- EUR/USD on Edge: Middle East and China in Focus May 12, 2026
- The US stock indices continue to set new records. China’s exports showed a sharp increase May 11, 2026
