The crypto market is nervous, despite record highs in equities

The crypto market capitalisation fell by 1.6% to $2.54 trillion, coming under pressure despite new record highs in US stock indices. This continues the range-bound trading that has persisted for over a month, but the market is now at its lower end. Over the past 24 hours, the top performers were the relatively small-cap Internet Computer (+14.6%), Filecoin (+5.9%) and Cosmos (+4.4%), which were catching up with the latest wave of growth. The biggest declines in our list of the most liquid coins were seen in Near Protocol (-7.8%), Zcash (-6.8%) and VeChain (-4.3%).

The sentiment index has returned to extreme fear territory, falling to 25. As with cryptocurrency market capitalisation, current levels are at the lower end of the range seen since mid-April. If cryptocurrencies are once again acting as a barometer of sentiment in global financial markets, this looks like an early signal of a reversal towards profit-taking. Perhaps investors prefer to take their money off the table ahead of the start of summer, beginning with the riskiest segment.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

The euro is rising on interest rate expectations

The ECB intends to raise interest rates in June.

The US dollar is holding steady against other G10 currencies.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

EURAUD Wave Analysis – 27 May 2026

EURAUD reversed from multi-month support level 1.6130

Likely to rise to resistance level 1.6385

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

EUR50 index Wave Analysis – 27 May 2026

- EUR50 reversed from pivotal support level 6060.00

- Likely to rise to resistance level 6180.00

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

US2000 index Wave Analysis – 27 May 2026

- US2000 broke resistance level 2900.00

- Likely to rise to resistance level 3000.00

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

EURGBP Wave Analysis – 27 May 2026

- EURGBP reversed from key support level 0.8620

- Likely to rise to resistance level 0.8730

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

🇺🇸 US Pre-Market: Mixed 📊

Trading in the US stock market pre-market is mixed, with a slight upward bias.

In the Information Technology sector, NVIDIA (NVDA) is up 0.36%, Broadcom (AVGO) is up 2.67%, while Microsoft (MSFT) is down 0.65%.

In the Communication Services sector, Alphabet (GOOGL) is down 0.48%.

In the Consumer Discretionary sector, Tesla (TSLA) is up 2.08%, while in the Industrials sector, Uber (UBER) is down 0.06%.

This configuration points to a prevailing risk-on sentiment: gains among a number of mega-caps in the technology and consumer sectors are supporting risk appetite and limiting demand for the dollar as a safe-haven asset. At the same time, no clear momentum for dollar strengthening or weakening is emerging, with short-term USD dynamics likely to remain subdued.

🗓 Economic Calendar at 2026/05/28 (GMT)

02:00 🇳🇿 Annual Budget Release

07:20 🇪🇺 ECB President Christine Lagarde Speaks

11:00 🇨🇭 SNB Chairman Martin Schlegel Speaks

11:30 🇪🇺 ECB Monetary Policy Meeting Accounts

12:30 🇺🇸 Unemployment Claims — Exp: 211K Actual: 215K

12:30 🇺🇸 ⚡️ Gross Domestic Product — Exp: 2.0% Actual: 1.6%

12:30 🇺🇸 Core Personal Consumption Expenditure — Exp: 4.3% Actual: 4.4%

12:30 🇺🇸 GDP Price Index — Exp: 3.6% Actual: 3.5%

12:30 🇺🇸 Durable Goods Orders — Exp: 4.0% | 0.5% Actual: 7.9% | 1.1%

12:30 🇺🇸 ⚡️ Core PCE Price Index — Exp: 0.3% | 3.3% Actual: 0.2% | 3.3%

12:30 🇺🇸 Personal Spending — Exp: 0.5% Actual: 0.5%

14:00 🇺🇸 New Home Sales — Exp: 661K Actual: 622K | -6.2%

15:00 🇨🇦 BOC Press Conference

16:00 🇺🇸 Crude Oil Inventories — Exp: -3800K Actual: -3327K

18:00 🇺🇸 Treasury Sec Bessent Speaks


[Updated in real time]

The crypto market has broken through a key support level

The crypto market has lost around 3.5%, falling to a market capitalisation of $2.44 trillion and sharply breaking through the local support level seen in recent weeks. Technically, this is a worrying sign, as the market has fallen below the 50-day moving average, which could herald further sell-offs. The nearest potential stop is not before $2.30T. In a falling market, Stellar (+14.6%) and Basic Attention Token (+1.5%) stand out, but the third-ranked altcoin, BNB, has lost 3% over the past 24 hours. The worst performers among the most popular were Internet Computer (-9.6%), Zcash (-8.7%) and Dash (-8.7%).

Bitcoin has plummeted to $73K, a level not seen since mid-April. The bearish signal from the previous day, with the price falling below the 50-day moving average, is confirmed by market dynamics, which show that selling pressure on the leading cryptocurrency is intensifying. We have witnessed a classic victory of the long-term bearish trend, represented by the falling 200-day MA, over the short-term upward trend, represented by the 50-day MA. The outcome was not a foregone conclusion, but it seems the time for a long-term bull market has not yet come.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

⚠️ USA — Gross Domestic Product at 03:00 GMT

✔️ Prev: 2.0%

🕒 Exp: 2.0%

🎯 Fact.: 1.6% 📉

———

⚠️ USA — Core PCE Price Index at 03:00 GMT

✔️ Prev: 0.3% | 3.2%

🕒 Exp: 0.3% | 3.3%

🎯 Fact.: 0.2% 📉 | 3.3%

🇺🇸 US Pre-Market: Mixed 📊

The US stock market is showing mixed trends in pre-market trading, with a slight upward bias.

In the Information Technology sector, NVIDIA (NVDA) is down 0.55%, Broadcom (AVGO) is down 1.05%, while Microsoft (MSFT) is up 0.57%.

In the Communication Services sector, Alphabet (GOOGL) is down 0.29%.

In the Energy sector, Exxon Mobil (XOM) is up 1.08%, while Chevron (CVX) is up 0.88%.

From a foreign exchange perspective, this points to a moderate risk-on environment: investors remain interested in US equities — particularly in the energy sector and select tech names — which supports demand for the dollar as an equity market currency while limiting its role as a purely safe-haven asset. As a result, the short-term dollar trend appears largely neutral and stable.

Stock markets keep rising, but momentum slows

The dollar regained ground as the fragile truce between the US and Iran appeared increasingly unstable. The dollar index moved back towards its April highs, recovering losses seen after the first signs of compromise between the two sides.

However, investors still seem to be betting on de-escalation whenever tensions begin to ease. That is an important signal for those who believe the market often prices in the most likely outcome.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

▶️ Pro News Weekly: Markets Surge as Crypto Slides

Welcome to Pro News Weekly!

💵 The U.S. dollar regains strength as renewed uncertainty surrounding the fragile US–Iran truce pushes investors back toward safe-haven assets. However, despite rising Treasury yields and continued pressure in bond markets, demand for the dollar remains relatively cautious.

📊 Stock indices continue climbing to fresh all-time highs, with the S&P 500 now approaching a ninth consecutive week of gains. While the rally remains historically strong, some investors are beginning to question whether profit-taking and stretched positioning could trigger a short-term pullback ahead of the holiday season.

🪙 Gold slips below key support levels as easing tensions around the Strait of Hormuz and rising bond yields weaken demand for non-yielding assets. Traders are now watching closely to see whether the metal can hold its critical 200-day moving average or face a deeper correction toward the $4,000 region.

₿ Bitcoin remains under heavy pressure after failing to hold above $82,000, with the latest sell-off increasing fears that the crypto market may be entering a broader bearish phase. Ethereum has also fallen below major long-term support, raising concerns that confidence across the digital asset market is starting to weaken.

Will record-high equity markets continue defying macro risks, or could rising yields, slowing momentum and renewed geopolitical uncertainty finally trigger a larger correction across global assets?

🔔 Like, share, and subscribe for more weekly updates from FxPro!

👉 Register at https://www.fxpro.com and start trading like a pro!

76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing money. Past performance is not a reliable indicator of future results.

#FxPro #Tradelikeapro #Pronewsweekly #Dollar #Stocks #Gold #Bitcoin

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

🗓 Economic Calendar at 2026/05/29 (GMT)

07:55 🇩🇪 Unemployment Change — Exp: 11K Actual: -12K

07:55 🇩🇪 Unemployment Rate — Exp: 6.4% Actual: 6.3%

08:20 🇬🇧 ⚡️ BOE Governor Andrew Bailey Speaks

12:00 🇩🇪 Consumer Price Index — Exp: 0.1% | 2.8% Actual: -0.2% | 2.6%

12:00 🇩🇪 Consumer Price Index - EU Harmonised — Exp: 0.2% | 2.8% Actual: -0.1% | 2.7%

12:30 🇺🇸 Goods Trade Balance — Exp: -86.7B Actual: -82.4B

12:30 🇨🇦 ⚡️ Gross Domestic Product — Exp: 0.1% | 0.9% Actual: -0.1 | 0.4%


[Updated in real time]

MGM Wave Analysis – 28 May 2026

- MGM broke resistance zone

- Likely to rise to resistance level 44.00

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

Coca Cola Wave Analysis – 28 May 2026

Coca Cola: ⬇️ Sell

- Coca Cola reversed from resistance area

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

⚠️ UK — BOE Governor Andrew Bailey Speaks at 08:20 GMT

Crypto: just enough optimism to halt the decline

The crypto market capitalisation rose by 1% over the past 24 hours, rebounding from the local lows reached the previous day, thanks to a shift towards riskier assets. However, the cryptocurrency market remains 10% below its local peak in early May and 43% below its global peak in October last year. By comparison, over the same period, the Nasdaq 100 gained 4% and 21% respectively, challenging the notion of a direct correlation between these indices. This by no means indicates widespread negativity, as over the past 24 hours Stellar has gained 23%, IOTA 13% and Algorand 10%, whilst the worst-performing coins among those actively traded were Bitcoin Cash (-6.3%), Tron (-3.3%) and Filecoin (-2%).

Bitcoin dipped below $73K on Thursday and is trading just above that level at the start of Friday. Weak performance against a backdrop of record highs in equities points to underlying demand weakness, entirely consistent with reports of outflows from institutional investors. Technicals are also on the sellers’ side, who are continuing to recoup the failure below the 50-day moving average following the failed attempt to breach the 200-day moving average earlier in May. Such buyer apathy keeps the possibility of a decline to the $65-67K range as the main scenario.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

Zcash Wave Analysis – 29 May 2026

- Zcash reversed from resistance area

- Likely to fall to support level 500.00

——————
FxPro. Trade Like a Pro. | Subscribe | Boost