The BTC on Wednesday rose to 28,872 USD.
The correlation between the BTC and the Nasdaq and S&P 500 indices remains disrupted. This is due to a significant influx of internal news within the cryptocurrency sector.
An important resistance level of 28,300 USD was broken overnight, which is a positive signal. The market reacted positively to the launch of the new cryptocurrency exchange EDX Market, and the news about Deutsche Bank’s application for a license with the German finance regulator.
Furthermore, earlier news about Binance.US reaching an agreement with the SEC also enhances local optimism.
The capitalisation of the cryptocurrency market increased to 1.135 trillion USD. BTC’s share has risen to 49.4%, while the share of ETH has dropped to 19.2%.
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.
Cryptocurrency exchanges saw a surge in market activity
Following the collapse of the FTX exchange in November last year, some cryptocurrency exchanges saw a decline in user interest. Kraken and Bybit are currently seeing a resurgence in trader activity. On average, trading volume on the exchanges is up 5% over the past six months.
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
