Bitcoin climbed above $81,000 on Tuesday for the first time since January, 
powered by $2.44 billion in April ETF inflows, geopolitical relief following 
the U.S.-Iran de-escalation, and a short squeeze that sent leveraged bears 
scrambling for the exits. Key Takeaways: Bitcoin hit $81,000 on May 5, 2026, 
its highest price since January, as multiple catalysts […]

Bitcoin Breaks $81,000 Behind ETF Inflows, Iran De-escalation and a Short Squeeze

The explosion exacerbates regional tensions, potentially disrupting global oil 
supply and complicating diplomatic efforts in the Strait of Hormuz.
The post South Korean vessel explosion adds to Strait of Hormuz instability 
appeared first on Crypto Briefing.

South Korean vessel explosion adds to Strait of Hormuz instability

US Senator Thom Tillis said the current text of the CLARITY Act offers a 
compromise for the crypto industry and banks and provides a bipartisan path 
for the bill’s passage.

Stablecoin proposal still ‘falls short’ of protecting bank deposits: US banks

Geopolitical tensions may lead to sustained inflation, influencing the ECB to 
maintain or increase rates rather than cut them in April 2026.
The post Geopolitical tensions in Hormuz impact ECB rate cut expectations for 
April 2026 appeared first on Crypto Briefing.

Geopolitical tensions in Hormuz impact ECB rate cut expectations for April 2026

U.S. banking groups have pushed back against the latest CLARITY Act language 
on stablecoin rewards, arguing it does not sufficiently prevent risks to bank 
deposits. According to a joint statement from the American Bankers 
Association, Bank Policy Institute, Consumer Bankers…

Bank groups challenge Senator Thom Tillis over stablecoin proposal

On-chain data shows the Dogecoin whale supply has noted an uptick recently, a 
sign that big-money accumulation interest in the memecoin has gone up. 
Dogecoin Whales Have Bought 160 Million DOGE In Just 96 Hours As highlighted 
by analyst Ali Martinez in an X post, the Dogecoin whales have participated in 
net buying recently. &#8220;Whales&#8221; here refer to the large investors of the 
cryptocurrency holding a significant number of tokens in their wallet balance. 
Related Reading: Bitcoin DATs Capitulate—Could This Rare Signal Mark A Bottom? 
Thanks to their large holdings, this cohort can carry some degree of influence 
in the market. As such, its behavior can often be worth keeping an eye on. 
Even if it may not directly impact the asset&#8217;s price, it can still contain 
hints about the sentiment among these humongous entities. Now, here is the 
chart shared by Martinez that shows the recent trend in the supply of the 
Dogecoin whales: As displayed in the above graph, the Dogecoin whale supply 
has observed a jump recently. In total, the whales loaded up on 160 million 
DOGE (worth about $17.7 million) inside a 96-hour window during this 
accumulation spree. The buying from the whales has interestingly come after a 
significant price surge. While the amount involved hasn&#8217;t been too large, the 
fact that the group&#8217;s supply has trended up on the net can still naturally be 
a positive sign for the memecoin as it means that these large investors 
haven&#8217;t taken to profit-taking yet. Though, the indicator could still be to 
monitor for shifts in whale behavior in the coming days as it doesn&#8217;t tend to 
take much for Dogecoin market sentiment to flip. In some other news, Dogecoin 
has been making its way up a possible Parallel Channel, as pointed out by 
Martinez in another X post. A Parallel Channel is a technical analysis (TA) 
pattern that forms whenever an asset trades between two parallel trendlines. 
Parallel Channels can be classified into a few different types based on the 
orientation of the channel with respect to the graph axes, but in the context 
of the current discussion, the simplest Parallel Channel is of interest: one 
with trendlines parallel to the time-axis. From the chart, it&#8217;s visible that 
the 12-hour price of Dogecoin may have been following such a pattern during 
the last couple of months. Earlier, the memecoin had been stuck in the lower 
half of the channel, with the midline at $0.1018 proving to be a resistance 
barrier. The recent price surge has meant, however, that the asset has broken 
out into the upper half. Related Reading: Bitcoin Rejected At Key Cost Basis 
Zone—Is $68,000 The Next Support? The analyst has noted that the next target 
for DOGE could be $0.1172, corresponding to the top level of the channel. DOGE 
Price Dogecoin surged to $0.113 on Sunday night, but the asset has retraced to 
$0.110 to kick off Monday. Featured image from Dall-E, chart from 
TradingView.com

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