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29 May 2026, 12:49

Bitcoin, Altcoin Prices Slide on ETF Outflows and Macro Risk: The Weekly Crypto Recap

Crypto markets traded lower over the past seven days, with Bitcoin leading the decline as investors shifted away from risk assets. BTC started the week near the $77,000-$78,000 range but steadily lost momentum, falling toward roughly $ 73,000 by Friday. This move undoubtedly reflected a combination of macro pressure, renewed ETF outflows, and weaker liquidity rather than a single industry-specific event. It goes without saying that the biggest theme was the fading institutional demand. US spot Bitcoin ETFs saw notable redemptions, with over a billion dollars leaving in a single day. At the same time, large-holder activity picked up, with whale outflows reaching their highest level since February, which added to concerns that some investors are preparing to offload into weakness. Macro headlines also played their part. Geopolitical tensions between the US and Iran have reduced hopes for near-term rate cuts, weighing on speculative assets. Moreover, analysts reported that central banks are adding to their gold reserves at an unprecedented rate, signaling broader risk-off market sentiment. Altcoins followed Bitcoin lower – at least most of them. Ethereum is hovering near $2,000, and risk appetite remains cautious, to say the least. Overall, the week showed that crypto remains highly sensitive to ETF flows and macro risk. Bitcoin’s failure to hold its price around the mid-$70s level leaves the market looking rather defensive heading into next week. Market Data Market Cap: $2.54T | 24H Vol: $83B | BTC Dominance: 57.7% BTC: $73,158 (-5.4%) | ETH: $1,995 (-5.9%) | XRP: $1.33 (-3.4%) Source: Quantify Crypto This Week’s Crypto Headlines You Can’t Miss SpaceX Pre-IPO Market Flash-Crashes 45% on Hyperliquid. The pre-IPO market for SpaceX on Hyperliquid, powered by Ventuals, went through a sudden flash crash. Its price tanked by 45% in moments before recovering, causing mass liquidations. Ventuals has said that affected traders will be compensated. Google Engineer Accused of Turning Secret Search Data Into a $1.2M Polymarket Profit. US prosecutors have charged a software engineer from Google with allegedly using confidential information to profit from betting on Polymarket. He allegedly made $1.2 million by using proprietary search data. Hyperliquid Adds Macro Prediction Markets, HYPE Explodes Above $64. Hyperliquid has expanded the suite of available outcome markets on its platform. Initially, only fixed bets on Bitcoin’s daily price were available, but now users can trade on macro events such as monthly CPI prints and more. Coinbase CEO Reveals What Still Needs to Change Before Finance Truly Evolves. Brian Armstrong said that the financial system still requires major upgrades. He emphasized that significant technological innovation and policy work will be needed to achieve them. Galaxy Digital and BitGo Clash in Court Over Failed $1.2 Billion Crypto Merger. BitGo and Galaxy Digital continue their courtroom clash over the collapse of a $1.2 billion acquisition agreement that was once expected to become the largest merger in the industry. Sui Network Hit by Fresh Outage Months After Previous Six-Hour Downtime Incident. Sui Network has once again experienced considerable downtime. The blockchain went offline for nearly six hours on Thursday. It’s far from the first time this has happened as well. Charts This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis . The post Bitcoin, Altcoin Prices Slide on ETF Outflows and Macro Risk: The Weekly Crypto Recap appeared first on CryptoPotato .

29 May 2026, 12:00

BlackRock and JPMorgan File Tokenised Treasury Funds for Stablecoin

J.P. Morgan Asset Management launched a tokenised Treasury fund on Ethereum on 13 May 2026, investing $100 million at launch. BlackRock separately filed to add blockchain-based records to its $7 billion Treasury fund using BNY Mellon infrastructure.

29 May 2026, 09:27

Bitcoin Below $73K as Iran Peace Draft Eyed, PCE Hits 3.8%, Sequans Exits BTC Treasury

Bitcoin News Bitcoin slipped below the $73,000 mark on Wednesday despite headlines pointing to a potential breakthrough between Washington and Tehran. A draft 60-day memorandum of understanding cir...

29 May 2026, 06:49

Ethereum Slips Under $2,000 as Bit Digital Adds 8,568 ETH and Standard Chartered Reaffirms $4,000 Target

Ethereum News Bit Digital has lifted its corporate treasury to roughly 158,462 ETH after deploying $20 million into the market earlier this month, acquiring 8,568 tokens on May 11 at an average pri...

29 May 2026, 06:30

Bit Digital Grows Treasury to 158,462 ETH With New $20M Purchase

Bit Digital purchased 8,568 ETH for $20 million, expanding its ethereum treasury to 158,462 ETH. The company said the move supports its broader strategy across ethereum, AI infrastructure, and strategic acquisitions. Bit Digital Buys $20M in ETH as CEO Backs Ethereum Digital Economy Thesis Bit Digital has added another $20 million worth of ethereum to

29 May 2026, 05:55

XLM surged 28% on DTCC news: can the rally continue?

Stellar's XLM token has rallied more than 28% over the past 24 hours, reaching its highest level in five months as traders respond to a major tokenization initiative involving Wall Street infrastructure provider DTCC. According to CoinGecko data, XLM climbed from around $0.1657 to an intraday high of $0.2136 before easing slightly to trade near the $0.20 level. The move came at a time when Bitcoin and Ethereum remained under pressure from ETF outflows and risk-off sentiment tied to geopolitical tensions in the Middle East. Price strength in XLM has stood out against the rest of the crypto market, where total capitalisation has declined amid concerns over Federal Reserve policy and escalating regional conflicts. Despite those headwinds, Stellar recorded one of the strongest gains among major cryptocurrencies during the period. Why is XLM price up? The primary catalyst is a recent announcement from the Depository Trust & Clearing Corporation, one of the largest financial market infrastructure providers in the United States. DTCC revealed plans on May 27 to connect its digital asset tokenization platform with the Stellar blockchain. The initiative is expected to be rolled out during the first half of 2027 and could allow a range of traditional financial products, including large-cap equities, index ETFs, and US Treasuries, to interact with infrastructure built on Stellar's network. Because XLM serves as the native asset used for network fees and account operations, traders quickly responded to the news by increasing exposure to the token. The announcement sparked heavy buying activity, pushing XLM through several resistance levels that had capped price advances for months. Market participants also viewed the development as another sign of growing institutional interest in real-world asset tokenization. With DTCC playing a central role in US securities clearing and settlement, the proposed integration immediately drew attention from investors looking for blockchain projects connected to traditional finance adoption. At the same XLM broke above the $0.18 area, a level that had repeatedly rejected buyers since February. Once this resistance gave way, momentum accelerated as breakout traders entered positions and short sellers were forced to cover. Will the XLM rally continue? Whether the rally extends further remains uncertain and depends on how traders assess the gap between the announcement and its eventual implementation. Bullish analysts argue that the DTCC partnership introduces a long-term institutional use case for Stellar. Under that scenario, maintaining support above the former resistance zone near $0.18 could open the door for another advance toward the next major resistance area around $0.25. Some technical projections cited by market commentators suggest that a sustained cycle of institutional and retail demand could eventually support a move toward much higher levels, including the $0.68 region. Those targets, however, rely on continued momentum and stronger adoption signals over time. However, DTCC's rollout is not expected until 2027, meaning any increase in network activity linked to the initiative remains a future prospect rather than an immediate catalyst. As of now, once the excitement surrounding the announcement fades, traders may begin reassessing the token based on current market conditions rather than long-term expectations. Continued weakness in Bitcoin or further deterioration in macroeconomic sentiment could also weigh on speculative assets, including XLM. Under that scenario, the token may spend time consolidating before attempting another breakout. XLM price analysis The daily chart shows a notable improvement in XLM's market structure following the latest rally. XLM/USDT 1-day price chart. Source: TradingView. After months of trading below long-term trend indicators, XLM has moved above its 20-day, 50-day, 100-day, and 200-day exponential moving averages. The breakout also pushed the token above the 200-day EMA near $0.196, a level often watched by traders as a gauge of long-term trend direction. Trading volume expanded sharply during the move, producing one of the largest volume spikes seen on the chart in recent months. Meanwhile, the Chaikin Money Flow indicator has risen to around 0.18 after spending much of May in negative territory, a sign that capital has been flowing into the asset alongside the price advance. On the 4-hour timeframe, momentum remains firmly positive. XLM continues to trade near the upper Bollinger Band after a sharp volatility expansion, while the MACD indicator maintains a bullish crossover with rising positive histogram bars. XLM/USDT 4-hour price chart. Source: TradingView. Even so, the pace of the rally has left the price considerably above the Bollinger Band midpoint near $0.168. Such conditions often accompany strong trends but can also precede periods of consolidation as traders lock in profits. For now, immediate support sits around the $0.196 region near the 200-day EMA, followed by the former breakout area around $0.18. On the upside, resistance remains concentrated around the recent high near $0.213 and the next major chart zone near $0.25. As long as XLM remains above the former resistance range, buyers are likely to retain control of the trend. A loss of those levels, however, could signal that the post-announcement rally is entering a cooling phase rather than beginning a new leg higher. The post XLM surged 28% on DTCC news: can the rally continue? appeared first on Invezz