Forex Market Overview All market | Anton Bykov 3 May 2025

30.04.2025 10:04

Crypto Week: Inspiring April, Massive Crypto Inflows, BTC at $120,000 in June

Bitcoin (BTC) is up 0.7% this week to $94,990, extending its April gains to 15.1%—well above its historical monthly average of 13%. With prices decisively breaking above the $90,000–92,000 resistance range and successfully retesting that level, the path is now clear for a potential rally toward the much-anticipated $150,000–200,000 target zone. Market sentiment remains highly bullish, bolstered by substantial institutional inflows. Spot BTC-ETFs—IBIT (BlackRock), FBTC (Fidelity), and GBTC (Grayscale)—reported a combined $1.

28.04.2025 11:04

Weekly Focus: U.S. GDP, PCE, Big Tech Reporting and Nonfarm Payrolls

Anton Bykov

Futures for the broad S&P 500 market index are declining by 0.2% to 5,516 points. Following a 4.3% rally last week, such a pullback appears logical. Most importantly, the benchmark should hold above the 5,310–5,410 point range. There are several important macroeconomic releases this week, beginning on Wednesday. The United States will release a first estimate for Q1 2025 GDP, with expectations of a slowdown to 0.4% quarter-on-quarter from the previous 2.4% quarter-on-quarter.

23.04.2025 10:04

Crypto Week: BTC-ETFs Record Inflows, Trump Eases on Powell, “Buy America”

Anton Bykov

Bitcoin (BTC) is up 10.3% to $93,555 this week, with most gains recorded on 22 April. The cryptocurrency has successfully lifted off above the key resistance range at $90,000–92,000. If prices remain above this level, a rally towards the $150,000–200,000 range becomes increasingly likely. Investor sentiment has turned decisively positive. Spot Bitcoin ETFs—IBIT from BlackRock, FBTC from Fidelity, and GBTC from Grayscale—reported net inflows of $43.5 million last week, a significant reversal from $503.3 million in net outflows the week prior.

18.04.2025 10:04

Weekly Summary: China Signals Trade Talks, Netflix Adds Positive Tunes

Anton Bykov

S&P 500 futures fell 1.2% to 5,296 points this week, though the decline may not reflect a significant shift given the heightened volatility currently gripping the markets. The index failed to breach resistance between 5,310 and 5,410 points, effectively stalling its path to more ambitious upside targets in the 5,750–5,850 range. President Donald Trump’s announcement of a 90-day tariff truce—excluding China—was met with a tepid response from Beijing.

16.04.2025 10:04

Crypto Week: Trump Threatens China with 245% Tariffs, NVIDIA Distress, Fed is ready to Cut Interest Rates

Anton Bykov

Bitcoin (BTC) is down slightly by 0.3% to $83,205 this week, retreating from a high of $86,439 on Tuesday. The pullback follows another escalation in the ongoing U.S.–China trade standoff, which continues to generate volatility across global markets. Despite U.S. President Donald Trump slashing tariffs on Chinese electronics from 145% to 20%, China has not signalled a willingness to compromise. Instead, Beijing has ordered domestic airlines to halt purchases of Boeing aircraft—an economic blow that Washington has yet to adequately counter. The U.S.

14.04.2025 10:04

Weekly Focus: Trump Retreats, Powell Speaks, U.S. Retail Sales and Netflix

Anton Bykov

S&P 500 broad market index futures are rising by 1.5% to 5,436 points this week amid ongoing market volatility. However, this upward move is happening at a crucial juncture, as the benchmark has broken above the key support level at 5,410 points. If it manages to hold above this threshold, an accelerated rally towards the 5,750–5,850 point range could unfold rapidly. Several factors are fuelling this optimism. Most notably, U.S. President Donald Trump has unexpectedly reduced tariffs on Chinese electronics to 20.0%.

09.04.2025 10:04

Crypto Week: Stubborn Bitcoin, 104% Tariff on China and Hope for the Fed

Anton Bykov

Bitcoin (BTC) is down by 1.3% to $77,570 this week, rebounding from a steep 5.5% drop on Monday that saw prices plunge to $74,464. Despite extreme turbulence in global markets, the flagship cryptocurrency has shown surprising resilience, losing 8.5% since April 2’s “Liberation Day” declaration by U.S. President Donald Trump. In contrast, the S&P 500 index has dropped by 11.4% over the same period. Crypto enthusiasts have taken Bitcoin’s performance as a sign of its evolving role as a safe haven asset amid rising global risks. However, historical data paints a more nuanced picture.

04.04.2025 11:04

Weekly Summary: China Tariffs on U.S., NFP and Powell. Markets Are Bleeding

Anton Bykov

S&P 500 broad market index futures plunged 5.9% to 5,247 points this week, reaching their lowest level since August 2024, as escalating trade tensions between the U.S. and China sent markets into turmoil. In response to U.S. President Donald Trump's reciprocal tariffs, China retaliated with a 34% levy on all U.S. imports, effective April 10, the day after the U.S. tariffs on Chinese goods take effect. This escalation has thrown the stock market into chaos, with the S&P 500 now targeting extreme downside levels at 4,900–5,000 points.

02.04.2025 10:04

Crypto Week: Trump Paused BTC Rally, “Liberation Day” Is Today

Anton Bykov

Bitcoin (BTC) is up 2.0% this week to $84,081, slightly retreating from a 4.0% rise on April 1, when it briefly hit $85,466 on speculation of a softer-than-expected tariff introduction. April 2, dubbed "Liberation Day," marks U.S. President Donald Trump's planned imposition of reciprocal tariffs on all nations that levy duties on U.S. exports. The worst-case scenario suggests a blanket 20% tariff on all U.S. imports, while a more optimistic outlook involves a framework of individual tariffs. These possibilities emerged as BTC traded at $82,500, momentarily easing market pressure.

31.03.2025 10:03

Weekly Focus: Trump’s Worldwide Tariffs, Nonfarm Payrolls and Powell

Anton Bykov

The S&P 500 broad market index futures are down 0.45% to 5,531 points this Monday, following a sharp 2.40% drop on Friday, signalling a critical situation. The benchmark has shifted to a downside formation, targeting 5,360–5,460 points, but the real downside driver—U.S. trade policy—has yet to be fully priced in. President Donald Trump has reaffirmed plans to introduce reciprocal tariffs on every nation imposing tariffs on U.S. goods, with no exceptions.