Equities once again buoy the crypto market, but Ethereum is a cause for concern

The crypto market capitalisation rose by 1.29% over the past 24 hours to $2.57 trillion, supported by the Nasdaq-100 and S&P 500 indices hitting impressive new all-time highs. Furthermore, the strengthening of the Japanese yen caused the dollar index to fall, lowering the benchmark. The top performers were Zcash (+5%), Dash (+4.8%) and Aptos (+3.4%). The underperformers among the top coins were Theta (−1%), Cosmos (−1.4%) and NEAR (−1.4%).

Bitcoin is once again attempting to climb above $77K, having found support from buyers during the dip to $75K. The shakeout of buyer positions proved to be quicker than might have been expected. However, it is too early to speak of bullish dominance until the leading cryptocurrency has confidently broken through the final resistance at $80K, which would open the way to $84K–$85K.

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Central banks have flexed their muscles

The ECB and the BoE are signalling rate rises.

Japan has resumed currency intervention.

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Gold remains in a downtrend, albeit near the upper boundary

At the end of the week, gold is down around 3%, having fallen by more than 4.3% at its low, but found strong support around the $4,540 level. Gold is thus continuing the downward trend that began in the second half of April after testing the 50-day moving average.

The fundamental drivers remain the reassessment of monetary policy prospects towards a tighter stance, which boosts the appeal of government bonds. It is also interesting to note that gold is struggling to capitalise on the US dollar’s weakening momentum, which has had a significant cumulative effect over the month: from its highs on the last day of March, the dollar index has lost 2.5%, whilst gold has lost over 4%, and from its peak in mid-April to the lows of the past week – around 8%. Usually, these instruments move in opposite directions, and the current dynamics look like a warning sign for the precious metal’s medium-term prospects. We see this as a continuation of significant profit-taking following years of growth and are prepared for lower levels in the foreseeable future.

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🇺🇸 US Pre-Market: Mixed 📊

The US stock market is showing mixed trends in pre-market trading, with a slight upward bias driven by major technology companies.

In the Information Technology sector, Apple (AAPL) is up 3.61%, while NVIDIA (NVDA) is up 0.64%.

In the Financials sector, JPMorgan Chase (JPM) is up 0.39%, while Visa (V) is up 0.50%.

In the Consumer Discretionary sector, McDonald's (MCD) is up 0.36%, while Starbucks (SBUX) is down 0.12%.

The strengthening of mega-cap stocks in the technology and financial sectors is creating a moderate risk-on environment: interest in risk assets within the US remains buoyant, while demand for the dollar as a safe-haven asset stays subdued. In the absence of signs of large-scale capital outflow from the US, this creates conditions for a predominantly neutral or moderately soft short-term dollar trend against a basket of major currencies.

⚠️ USA — ISM Manufacturing PMI at 03:00 GMT

✔️ Prev: 52.7

🕒 Exp: 53.1

🎯 Fact.: 52.7 📉

▶️ Pro News Weekly: Markets Rally While Bitcoin Hits a Wall

Welcome to Pro News Weekly!

💵 U.S. dollar strengthens on hawkish Fed expectations, rising oil prices and resilient economic data, as rate hike bets for 2026 gain traction amid inflation concerns.

📊 Stock indices push toward record highs despite geopolitical tensions, fueled by strong earnings optimism and AI-driven momentum, while underlying fears about overvaluation quietly resurface.

🪙 Gold faces renewed pressure from rising Treasury yields and a stronger dollar, even as central bank demand provides partial support in an increasingly uncertain macro environment.

₿ Bitcoin stalls near key resistance, with derivatives positioning and macro headwinds limiting upside, as traders weigh tight monetary policy against long-term bullish narratives.

Will rising inflation and energy prices force central banks to stay hawkish and strengthen the dollar further, or could geopolitical risks and economic data trigger the next major shift in global markets?

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Amazon Wave Analysis – 1 May 2026

- Amazon reversed from support level 258.00

- Likely to rise to resistance level 280.00

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Cisco Wave Analysis – 1 May 2026

- Cisco broke round resistance level 90.00

- Likely to rise to resistance level 94.00

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Bitcoin Wave Analysis – 1 May 2026

- Bitcoin reversed from support level 75000.00

- Likely to rise to resistance level 80000.00

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Apple Wave Analysis – 1 May 2026

- Apple broke key resistance level 280.00

- Likely to rise to resistance level 300.00

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🗓 Economic Calendar at 2026/05/04 (GMT)

07:50 🇫🇷 Manufacturing PMI — Exp: 52.8 Actual: 52.8

07:55 🇩🇪 Manufacturing PMI — Exp: 51.2 Actual: 51.4

08:00 🇪🇺 Manufacturing PMI — Exp: 52.2 Actual: 52.2

19:30 🇨🇦 BOC Governor Tiff Macklem Speaks


[Updated in real time]

Bitcoin hits $80K

The crypto market capitalisation has risen by 1.4% over the past 24 hours and by roughly the same amount over the past 7 days, reaching $2.64T. At its peak at the start of the day, the market reached $2.67T, a level last seen in early February. A slow but steady recovery has been observed since early April, recouping half of the losses incurred during the just over one-week slump that began in late January. Over the past 24 hours, the leaders have been Dash (+30%), Basic Attention Token (+10.2%) and Zcash (+7.8%). Even the laggards are showing gains: TRUMP (+0.1%), Algorand (+0.6%) and Near (+0.5%).

Bitcoin slipped to $80.6K at the start of trading on Monday. We last saw such levels at the end of January. The rising price and the downward-sloping 200-day moving average are actively converging with an important long-term trend line at $83.6K. Consolidation above this level could further encourage traders, but we would prefer to see consolidation above $85K first, the former support zone from November to January.

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The yen is recovering

Japan has spent $34 billion on market interventions.

The futures market has revised its outlook on Fed interest rates.

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WTI Wave Analysis – 4 May 2026

- WTI reversed from key support level 96.60

- Likely to rise to resistance level 107.30

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CADJPY Wave Analysis – 4 May 2026

- CADJPY reversed from strong support level 114.00

- Likely to rise to resistance level 117.00

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EURCHF Wave Analysis – 4 May 2026

- EURCHF reversed from support zone

- Likely to rise to resistance level 0.9250

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EURGBP Wave Analysis – 4 May 2026

- EURGBP reversed from support zone

- Likely to rise to resistance level 0.8685

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🇺🇸 US Pre-Market: Mostly Negative 📉

Negative sentiment is prevailing in the US stock market pre-market, with declines outnumbering gains among the largest companies by market cap, indicating a cautious investor mood and a flight from risk within the US.

In the Financials sector, Berkshire Hathaway (BRK.B) is up 0.50%, while JPMorgan Chase (JPM) is down 0.31%.

In the Information Technology sector, NVIDIA (NVDA) is up 0.33%, while Advanced Micro Devices (AMD) is down 0.50% and Microsoft (MSFT) is down 0.29%.

In the Communication Services sector, Alphabet (GOOGL) is up 0.08%.

With selling dominating in major highly liquid stocks, market sentiment is shifting toward risk-off: investors are increasing demand for safe-haven dollar assets, including Treasuries. This creates potential for moderate dollar strengthening and is dampening interest in riskier currencies.

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

04:30 🇦🇺 ⚡️ RBA Interest Rate Decision — Exp: 4.35% Actual: 4.35%

04:30 🇦🇺 ⚡️ RBA Rate Statement

04:30 🇦🇺 ⚡️ RBA Monetary Policy Statement

05:30 🇦🇺 ⚡️ RBA Media Conference

06:30 🇨🇭 Consumer Price Index — Exp: 0.3% Actual: 0.3% | 0.6%

12:30 🇺🇸 Trade Balance — Exp: -61.0B Actual: -60.3B

12:30 🇨🇦 Trade Balance — Exp: -2.4B Actual: -1.8B

12:30 🇪🇺 ECB President Christine Lagarde Speaks

13:45 🇺🇸 Services PMI — Exp: 51.3 Actual: 51.0

13:45 🇺🇸 PMI Composite — Exp: 52.0 Actual: 51.7

14:00 🇺🇸 ⚡️ ISM Services PMI — Exp: 53.7 Actual: 53.6

14:00 🇺🇸 ⚡️ JOLTs Job Openings — Exp: 6860K Actual: 6870K

14:00 🇺🇸 New Home Sales — Exp: 652K Actual: 682K | 7.4%

21:00 🇳🇿 RBNZ Financial Stability Report

22:45 🇳🇿 ⚡️ Employment Change — Exp: 0.2%

22:45 🇳🇿 ⚡️ Unemployment Rate — Exp: 5.4%


[Updated in real time]