Dogecoin is leading the growth of top coins for the third day in a row. Current prices near $0.105 are more than 20% above that level. Economic and political factors are having a key influence on market dynamics. Net inflows of Bitcoin to trading platforms have risen to 30-day highs. Spot trading volumes for Bitcoin have fallen to their lowest levels since September–October 2023. Google searches for cryptocurrencies have reached a three-year low.
Inflation concerns and tech corporate earnings remain the biggest drivers for Bitcoin traders’ sentiment. The Bitcoin perpetual futures funding rate turned negative on Wednesday. The long-to-short ratio for professional traders on Binance was 0.80, showing a minor improvement from the 0.75 level recorded on Tuesday.
Global M2 printed at nearly $22.7 trillion in March 2026, up 4.6% year over year, but Bitcoin underperformed. In the post-2008 QE era, the Federal Reserve bought assets directly, flooding the system with bank reserves. Today, Treasury issuance, reserve management, cash balance swings, and bank credit creation have replaced the central bank's balance-sheet firehose. The US public debt closed the fourth quarter of 2025 at over $38.5 trillion, up 6.3% year on year. The Treasury General Account held roughly $1 trillion in the latest H4.1 data. Central banks bought 244 tonnes of gold in the
The FTSE 100 index has climbed 110 points, or 1.1%, to 10,323. Germany’s Dax added 0.3%, while the French CAC index fell 0.6%. Italy's FTSe MiB dipped slightly. The eurozone grew by 0.1% in the first quarter, while inflation jumped to 3% in April.
Meta's full-year cap-ex guidance was raised to as much as US$145 billion. Amazon's and Microsoft's results were mixed. ECB and BoE are expected to leave the deposit rate at 2.0% and the Bank Rate at 3.75%. Markets are pricing in 87 bps of ECB tightening by year-end (three rate hikes) and 79 bps for BoE.
Bitcoin (BTC) rallied above $77,900 on Wednesday, but the long wick on the candlestick shows selling on rallies. Buyers are trying to sustain Ether (ETH) above the 20-day EMA ($2,291), but the bears continue to exert pressure. XRP (XRP) fell below the moving averages on Tuesday, indicating that the bears are taking charge.
Bitcoin fell 2% on Thursday as oil prices rose to their highest levels in nearly four years. The US-Iran war and the Federal Reserve's "most hawkish" interest-rate decision kept risk-asset optimism low. Bitcoin's 21-day trend line hangs in the balance.
Trading volumes on Kalshi and Polymarket surpassed $50bn last year. Most of the bets concern sports, but punters also place wagers on everything from actual weather to the political climate and economic conditions. Bets on things like official GDP growth, payrolls and inflation account for just 1-2% of trading on the two platforms.
HSBC, Standard Chartered and Bank of China (Hong Kong) will keep their prime and savings rates unchanged. The city's base rate was kept at 4%. The Fed kept its target rate in the range of 3.5 to 3.75%. The inflationary impact of the US-Israel war with Iran reduced the chances of a rate cut this year.