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26 May 2026, 06:10

Gold Extends Intraday Losses as Firmer USD, Fed Rate Hike Bets Weigh

BitcoinWorld Gold Extends Intraday Losses as Firmer USD, Fed Rate Hike Bets Weigh Gold prices extended their intraday losses on Tuesday, struggling to find support as a stronger US dollar and renewed expectations of further interest rate hikes by the Federal Reserve dampened investor appetite for the non-yielding precious metal. The yellow metal, which had been attempting to stabilize after recent volatility, remains under pressure in a macro environment increasingly tilted against it. Stronger Dollar and Hawkish Fed Bets Pressure Gold The primary catalyst behind gold’s decline is the resurgence of the US dollar, which has strengthened against a basket of major currencies. A firmer dollar makes gold, which is priced in USD, more expensive for holders of other currencies, thereby reducing demand. Simultaneously, market participants have recalibrated their expectations for Federal Reserve policy, pricing in a higher probability of additional rate hikes in the coming months following a series of resilient economic data points, including stronger-than-expected jobs and inflation figures. Rising interest rates increase the opportunity cost of holding gold, which offers no yield. As bond yields climb, investors are incentivized to move capital into interest-bearing assets, further undermining gold’s appeal. The combination of a robust dollar and hawkish Fed rhetoric has historically been a significant headwind for gold prices. Technical and Market Context From a technical perspective, gold has breached several short-term support levels, suggesting the potential for further downside. The intraday losses extend a broader trend observed over the past week, during which the metal has failed to hold gains above key psychological levels. Traders are now watching for the next major support zone, which could determine whether the current correction deepens or attracts bargain buyers. The broader market context is one of recalibration. While expectations of a Fed pause had earlier driven a rally in gold, the persistence of inflationary pressures and a tight labor market have forced a reassessment. The CME FedWatch Tool now indicates a significant probability of a rate hike at the next policy meeting, a stark shift from just weeks ago when a hold was widely anticipated. What This Means for Investors For investors holding gold as a portfolio hedge, the current environment demands vigilance. The metal’s traditional role as a safe haven is being tested by a macro backdrop that favors the dollar and yield-bearing assets. However, some analysts caution that the sell-off may be overdone, pointing to ongoing geopolitical uncertainties and central bank buying as potential floor supports. The immediate outlook for gold remains tied to incoming US economic data and any shifts in Fed communication. A softer-than-expected inflation report or a dovish turn from Fed officials could reverse the current trajectory, while continued economic resilience would likely exert further pressure. Conclusion Gold’s intraday losses reflect the powerful headwinds of a stronger US dollar and rising expectations for Federal Reserve rate hikes. While the precious metal faces near-term vulnerability, its longer-term trajectory will depend on the evolution of monetary policy, inflation trends, and broader risk sentiment. Investors should monitor upcoming economic releases and Fed commentary closely for signals on the next directional move. FAQs Q1: Why does a stronger US dollar hurt gold prices? Gold is priced in US dollars. When the dollar strengthens, it takes fewer dollars to buy the same amount of gold, making it more expensive for buyers using other currencies. This typically reduces global demand and pushes prices lower. Q2: How do Fed rate hike expectations affect gold? Higher interest rates increase the opportunity cost of holding gold, which does not pay interest or dividends. As bond yields rise, investors often sell gold to move into yield-bearing assets, putting downward pressure on the metal’s price. Q3: Can gold still be a safe haven in this environment? Gold’s safe-haven status remains intact, but its performance is currently being overshadowed by the strong dollar and rising yields. In times of severe geopolitical or financial crisis, gold can still attract safe-haven flows, but its short-term price is heavily influenced by monetary policy and currency dynamics. This post Gold Extends Intraday Losses as Firmer USD, Fed Rate Hike Bets Weigh first appeared on BitcoinWorld .

26 May 2026, 06:00

Bitcoin At A Crossroads: Two Key Levels Will Define BTC’s Next Major Move, Analyst Says

As Bitcoin (BTC) recovers from its recent drop below the $75,000 support, some market observers outline the key levels that will define the direction of the flagship crypto’s next major move. Related Reading: Dogecoin Millionaires Are On The Move Again, Here’s What They’re Doing Now Bitcoin Between Two Crucial Levels Over the weekend, Bitcoin fell roughly 4.5% amid geopolitical tensions, reaching a one-month low of $74,289 before recovering. On Monday, the leading cryptocurrency surged another 1.6%, jumping back above $77,000. Amid this performance, Ali Martinez outlined two crucial price levels that will determine whether BTC “launches into its next major expansion phase, or if it extends its current value reset to offer a premier buying opportunity.” The analyst explained that Bitcoin has been in a consolidation phase since the February crash, moving within a channel throughout this structural reset, allowing the market to build liquidity “before its next definitive move.” Notably, BTC is near the upper boundary of its channel following a recent rejection at the crucial $82,500 resistance. Martinez noted that buyer conviction has been aggressively scaling up as the price tests this level, with derivatives traders heavily positioning for a breakout, and funding rates recently hitting 0.4%, the highest level in over two months. He previously explained that when funding rates climb this high, it signals that the derivatives market is “completely dominated by aggressive buyers,” and “traders are willing to pay a hefty premium just to maintain their long positions” as the predominant market bias remains significantly tilted toward an upcoming expansion. Meanwhile, on-chain data shows that some of the largest whales have been using this tight range to “rebalance their portfolios,” redistributing over 18,447 Bitcoin, worth roughly $1.42 billion. “This supply consolidation has placed BTC between resistance at $78,258 and support at $75,733,” he stated. Therefore, reclaiming this resistance could trigger a rally to $84,569, while losing the key support could send Bitcoin to $66,898. More Pain To Come? Other market observers also highlighted the $75,000 and $78,000 as the crucial levels in the short and mid-term. Daan Crypto trades emphasized that the Bitcoin bull market support band is currently between these levels. As BTC has failed to hold the upper boundary of this band as support for two consecutive weeks, Daan affirmed that bulls “need to keep holding (…) to keep this short/mid timeframe momentum in their favor.” He previously warned that falling below the $75,000-$76,000 area and weekly closes below it would suggest that the April-May recovery rally was “just a big deviation/dead cat bounce.” Meanwhile, Merlijn The Trader noted that Bitcoin has been rejected from the 200-Day Moving Average (MA). According to the post, this is the same level that capped the 2022 bull trap, which led to a 40% correction from that area. Like the other analysts, he affirmed that losing the $75,000–76,000 zone would accelerate the move to new lows, with an initial target of $67,000, where a CME Gap is located. He also pointed out that BTC’s tops tend to end the same way: three bumps on the 21-week SMA followed by the market lows Related Reading: HYPE Rally Accelerates Above $60 As High-Profile Whale Quietly Builds His Position The trader observed that after reaching its $69,000 cycle peak in 2021, Bitcoin retested the 21-week SMA on three occasions during its correction before reaching its bear market bottom. This time, BTC has retested this key indicator twice, suggesting that another drop to the “real bottom,” near $50,000, could follow in the coming months, if history repeats. Featured Image from Unsplash.com, Chart from TradingView.com

26 May 2026, 06:00

XRP volume drops 57 percent as price falls below $1.35

🚨 XRP volume plunged 57 percent as it lost support above $1.35. The shift reflects both major investor caution and weaker trading momentum in $XRP. Continue Reading: XRP volume drops 57 percent as price falls below $1.35 The post XRP volume drops 57 percent as price falls below $1.35 appeared first on COINTURK NEWS .

26 May 2026, 05:58

Solana (SOL) Trims Recent Gains, Market Sentiment Turns Fragile Again

Solana failed to stay above $86 and corrected some gains. SOL price is now consolidating and might aim for another increase if it stays above $82.50. SOL price started a downside correction below $85 against the US Dollar. The price is now trading below $85 and the 100-hourly simple moving average. There is a declining channel forming with support at $82.50 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $82.50 zone. Solana Price Dips Again Solana price failed to stay above $86 and started a downside correction, like Bitcoin and Ethereum . SOL dipped below $85 and $84 to enter a short-term bearish zone. There was a move below the 50% Fib retracement level of the upward wave from the $81.37 swing low to the $87.39 high. The price even tested the $83.65 support. Besides, there is a declining channel forming with support at $82.50 on the hourly chart of the SOL/USD pair. Solana is now trading below $85 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $85.50 level. The next major resistance is near the $86 level. The main resistance could be $87.40. A successful close above the $87.40 resistance zone could set the pace for another steady increase. The next key resistance is $92. Any more gains might send the price toward the $95 level. Downside Break In SOL? If SOL fails to rise above the $86 resistance, it could start another decline. Initial support on the downside is near the $83.50 zone and the 61.8% Fib retracement level of the upward wave from the $81.37 swing low to the $87.39 high. The first major support is near the $82.50 level. A break below the $82.50 level might send the price toward the $80 support zone. If there is a close below the $80 support, the price could decline toward the $75 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $83.50 and $82.50. Major Resistance Levels – $85.50 and $87.40.

26 May 2026, 05:52

ONDO drops 7% after Ondo Finance confirms founder Nathan Allman’s death

ONDO has fallen more than 7% after Ondo Finance confirmed the unexpected death of founder and CEO Nathan Allman, triggering a wave of risk-off selling. According to Ondo Finance’s statement posted on X, Allman died unexpectedly, though the company did not disclose the cause of death. https://twitter.com/OndoFinance/status/2059054473775894797 The announcement pushed ONDO from around $0.444 to nearly $0.409 before buyers stepped back in, with the token later recovering part of the losses during volatile trading. Ondo described Allman as the figure who shaped “every part” of the company, pointing to his role in building the firm into one of crypto’s largest tokenized asset platforms. A Brown University graduate, Allman founded Ondo in 2021 after working on Goldman Sachs’ digital assets team, where he focused on blockchain and institutional finance initiatives. For traders, the reaction quickly turned into a “key person risk” event, especially because Ondo’s business is closely tied to institutional partnerships and regulated financial products rather than speculative DeFi activity alone. Products such as USDY and OUSG helped position the company as a major player in tokenized US Treasuries and yield-bearing blockchain assets. Market participants also appeared concerned about whether the leadership transition could affect Ondo’s relationships with financial firms and distribution partners. The project has expanded in recent years through integrations with MetaMask, Hyperliquid’s HyperEVM, and tokenized ETF initiatives involving Franklin Templeton. At the same time, Ondo moved quickly to contain uncertainty by naming company president Ian De Bode as the new CEO. In its statement, the firm said De Bode had already been overseeing strategy, product development, and daily operations for more than two years. De Bode later said on X that Ondo’s direction would remain unchanged and added that the company would continue executing Allman’s vision. The company also stated it remained committed to building “a more open, accessible financial system.” The leadership change arrives during a period of rapid growth for the tokenized real-world asset market. According to DefiLlama, Ondo Finance’s total value locked briefly rose above $4 billion this month, while Ondo Global Markets reportedly crossed $1 billion in TVL. Ondo Finance TVL. Source: DefiLlama. ONDO price analysis On the 4-hour chart, ONDO has started pulling back after failing to hold recent highs near the $0.44 region. ONDO/USD 4-hour price chart. Source: TradingView. At the time of publication, the token was hovering around $0.422, with price slipping below the 20-period EMA near $0.424 while still remaining above the 50-period EMA around $0.409. The move suggested that short-term momentum had weakened following the news-driven selloff, though buyers were still defending higher support levels created during May’s rally. Volume also picked up sharply during the decline, indicating aggressive repositioning after the announcement. Meanwhile, the Relative Strength Index on the 4-hour timeframe dropped toward the neutral 50 zone after recently touching overbought territory above 70. The RSI cooling from elevated levels is often a sign that bullish momentum may be fading, though it does not yet confirm a full trend reversal. As long as ONDO stays above the 50 EMA and the 100 EMA near $0.389, the structure from the recent breakout remains intact on the higher timeframe. A recovery back above the 20 EMA could reopen the path toward the $0.44 to $0.45 resistance range, where sellers previously emerged. On the downside, failure to hold the $0.409 support area may expose the token to another retest of the $0.389 region. Beneath that level, the 200 EMA near $0.358 could become the next major support that traders watch if sentiment around the leadership transition deteriorates further. The post ONDO drops 7% after Ondo Finance confirms founder Nathan Allman’s death appeared first on Invezz

26 May 2026, 05:49

Bitcoin Dips on Renewed US Strikes on Iran: Is the Peace Deal Off?

Bitcoin prices slid back below $76,500 on Tuesday morning, down 1.5% from its intraday high of $77,700 on Monday. The move followed reports that the United States had resumed strikes on Southern Iran, targeting missile sites and boats attempting to place mines. The strikes were carried out “to protect our troops from threats posed by Iranian forces,” but the military was “using restraint during the ongoing ceasefire,” said US Central Command in a statement. Deal or No Deal? Just hours before, President Trump posted on Truth Social that negotiations with Iran are “proceeding nicely.” “It will only be a Great Deal for all or no Deal at all — Back to the Battlefront and shooting, but bigger and stronger than ever before — And nobody wants that!” Over the weekend, Trump claimed that a deal was “largely negotiated,” leading to hopes that it would be finalized this week. Crude oil prices, which dipped below $90 for the first time this month on Monday, were back up around 2% as the conflict resumed. Jeff Mei, chief operations officer at the BTSE exchange, remained optimistic. “We believe that if US attacks on Iran are limited, it’s unlikely that Bitcoin will fall lower than the $70k mark,” he said. “However, if the conflict looks like it may be sustained over a longer period of time, Bitcoin could very well drop back to the $60k floor reached at the beginning of the conflict.” Jeff Ko, chief analyst at CoinEx, agreed, telling CryptoPotato on Tuesday that technically, $70,000 remains the “next defended floor for Bitcoin,” while $65,000 would be the “next key stress level” if the macro or geopolitical backdrop deteriorates further. “That said, I think Bitcoin’s ability to absorb recent macro shocks has actually been quite constructive,” he added. “The asset has not broken down despite the geopolitical uncertainty, which suggests the market is consolidating rather than entering a full risk-off phase.” Is BTC About to Fall Further? Macro trader Jason Pizzino remained bearish, opining on X that Bitcoin looks to be getting ready to test the lows again, like it does every bear market. “Falling volume, lack of social interest (search volume), and a structure reminiscent of further weakness,” he said. Bitcoin looks to be getting ready to test the lows again like it does every bear market (or 4-year cycle). Falling volume, lack of social interest (search volume), and a structure reminiscent of further weakness. The perma bears will be calling lower and lower prices, while the… pic.twitter.com/KwowfhSWzb — Jason Pizzino (@jasonpizzino) May 26, 2026 BTC was trading at $76,480 at the time of writing, with further losses looking imminent. The post Bitcoin Dips on Renewed US Strikes on Iran: Is the Peace Deal Off? appeared first on CryptoPotato .