Bitcoin plunged to a multiweek low of $72,395 before sharply rebounding past 
$74,000, ultimately stabilizing slightly under $74,000. The reversal was 
seemingly triggered by news of a tentative U.S.-Iran agreement to reopen the 
Strait of Hormuz. Bitcoin Reclaims $74,000 Following Intraday Dip On Friday, 
May 29, bitcoin reclaimed $74,000 just a few hours after it […]

Bitcoin plunged to a multiweek low of $72,395 before sharply rebounding past $74,000, ultimately stabilizing slightly under $74,000. The reversal was seemingly triggered by news of a tentative U.S.-Iran agreement to reopen the Strait of Hormuz. Bitcoin Reclaims $74,000 Following Intraday Dip On Friday, May 29, bitcoin reclaimed $74,000 just a few hours after it &#8230;

Bitcoin Climbs Above $74,000 After Trump Signals Strait of Hormuz Shipping Restart

The clash highlights the growing tension between traditional banks and crypto 
platforms, potentially reshaping financial regulations.
The post Dimon slams Coinbase chief as banks unite against CLARITY Act 
appeared first on Crypto Briefing.

The clash highlights the growing tension between traditional banks and crypto platforms, potentially reshaping financial regulations. The post Dimon slams Coinbase chief as banks unite against CLARITY Act appeared first on Crypto Briefing.

Dimon slams Coinbase chief as banks unite against CLARITY Act

Global energy markets face volatility, with poorer nations at risk due to 
heightened geopolitical tensions and potential supply disruptions.
The post Middle East conflict strains energy supplies, impacting crude oil 
prices appeared first on Crypto Briefing.

Global energy markets face volatility, with poorer nations at risk due to heightened geopolitical tensions and potential supply disruptions. The post Middle East conflict strains energy supplies, impacting crude oil prices appeared first on Crypto Briefing.

Middle East conflict strains energy supplies, impacting crude oil prices

The nearing US-Iran MOU could stabilize regional tensions, fostering 
diplomatic progress and impacting global markets and geopolitical dynamics.
The post US and Iran nearing memorandum of understanding to extend ceasefire 
appeared first on Crypto Briefing.

The nearing US-Iran MOU could stabilize regional tensions, fostering diplomatic progress and impacting global markets and geopolitical dynamics. The post US and Iran nearing memorandum of understanding to extend ceasefire appeared first on Crypto Briefing.

US and Iran nearing memorandum of understanding to extend ceasefire

Bitcoin has bounced back from the $70,000 zone multiple times in 2026, but 
analysts are warning that the next test of that level could end differently. A 
Line That Has Held Since 2017 The lower boundary of a rising wedge pattern — a 
trendline that first appeared as support in mid-2017 — has absorbed several 
sharp drops over the years. Bitcoin touched it during the FTX-driven crash of 
November 2022, when prices fell to $15,400, and the line held. It held again 
three times in the opening months of 2026, at $60,000 in February, then at 
$64,900 and $65,000 in March and April. Related Reading: Bitcoin’s 4-Year 
Rhythm Is Still Playing Out, Says Crypto CEO Crypto market commentator 
MichaelXBT brought renewed attention to the pattern after Bitcoin dropped 
below $74,000 for the first time in over a month. Based on his chart analysis, 
the support trendline now sits around the $70,000 mark, and a confirmed break 
below it would be historically significant. Bitcoin 10-Year Wedge Support: 
$70k If that level breaks, bears will be handsomely rewarded. It will ignite 
the largest red weekly candle Bitcoin has seen in years. History will be made. 
pic.twitter.com/0HqImRTD4s — Crypto Michael (@MichaelXBT) May 27, 2026 &#8220;If 
that level breaks, bears will be handsomely rewarded,&#8221; he said. What A Break 
Could Mean MichaelXBT says a breakdown would trigger the largest weekly red 
candle Bitcoin has seen in years. He stopped short of naming a price target or 
estimating how far a drop might extend, but his view is that the event would 
be a notable moment in the asset&#8217;s history. The wedge pattern at the center of 
his analysis is formed by two converging trendlines moving upward, with the 
lower one rising faster than the upper. When prices break below the lower 
line, the pattern is generally read as a sign that bullish momentum has run 
out. Not Everyone Sees Collapse Coming Michaël van de Poppe, a veteran crypto 
market analyst, pushed back on the more bearish readings. He described what 
markets are going through as a standard end-of-month correction, driven 
largely by asset managers rebalancing their portfolios. Related Reading: 
Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking Burn Bitcoin faced 
rejection at $77,000, he said, and the pullback that followed fits a familiar 
pattern rather than a breakdown signal. Van de Poppe acknowledged that if 
Bitcoin fails to hold his key support area, prices could slide toward the 
lower range of the $60,000s. But he was direct in saying current weakness 
alone is not enough to call a new low. Featured image from Pexels, chart from 
TradingView

Bitcoin has bounced back from the $70,000 zone multiple times in 2026, but analysts are warning that the next test of that level could end differently. A Line That Has Held Since 2017 The lower boundary of a rising wedge pattern — a trendline that first appeared as support in mid-2017 — has absorbed several &#8230;

Bitcoin Could Enter Freefall If This Level Cracks: Analyst

As lawmakers advance the crypto bill closer to completion, JPMorgan CEO Jamie 
Dimon attacked Coinbase CEO Brian Armstrong and criticized the CLARITY Act on 
Friday. Dimon Predicts Clash Over CLARITY Act Speaking at the Reagan National 
Economic Forum, Dimon said banks “will not accept” the CLARITY Act in its 
current form. He also suggested that efforts by crypto proponents are unlikely 
to produce a broad consensus with traditional financial institutions. “It will 
be fought. No one’s gonna bow down to this guy, or that company,” Dimon said, 
referring to the act and Armstrong. Dimon continued: “He’s the only one, and 
he’s spending hundreds of millions of dollars in Washington on this thing… 
He’s full of shit.” Related Reading: Treasury Secretary Urges CLARITY Act 
Passage, Saying The US Should Be Home For Crypto As reported by NewsBTC on 
Thursday, the bill advanced in the Senate earlier this month. The Senate 
Banking Committee approved its portion, building on earlier progress from 
January, when the Agriculture Committee successfully voted on its version of 
the legislation. After a full Senate vote, lawmakers would need to complete 
the reconciliation steps required to finalize the measure and then secure 
agreement between the House and the Senate. Only after those steps would the 
final text move to the president for consideration. Yield And Compliance 
Provisions Concerns Dimon argued that the bill contains fundamental problems. 
He said the legislation would allow banks to earn interest on deposits, 
stablecoins, or related instruments “without the protection they should have,” 
and he also contended that it fails to address anti-money laundering (AML) and 
Bank Secrecy Act requirements sufficiently. “It allows them to effectively pay 
interest on deposits, stablecoins, or something like that, without the 
protection they should have. And it does not do anything for AML/BSA,” Dimon 
said. Related Reading: Ethereum (ETH) Drops Below $2,000—Why Standard 
Chartered Still Expects $40,000 By 2030 The executive further emphasized that 
the pushback would not be limited to a single type of institution or one 
segment of the industry. He said banks of different sizes would oppose the 
CLARITY Act as currently written, arguing that unity spans both large and 
smaller players. “The banks will not accept it that way,” Dimon said. “The ABA 
[American Bankers Association], the small banks, the credit unions. It’s not 
just the big guys.” Featured image from CNBC; chart from TradingView.com

As lawmakers advance the crypto bill closer to completion, JPMorgan CEO Jamie Dimon attacked Coinbase CEO Brian Armstrong and criticized the CLARITY Act on Friday. Dimon Predicts Clash Over CLARITY Act Speaking at the Reagan National Economic Forum, Dimon said banks “will not accept” the CLARITY Act in its current form. He also suggested that &#8230;

Cryptocurrency price in TWD

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