XRP price moved toward the $1.40 resistance on Tuesday as the broader crypto 
market recovered alongside easing oil prices. According to data from 
crypto.news, XRP (XRP) price traded near $1.39 at press time, after briefly 
touching highs around $1.41 earlier…

Can XRP price symmetrical triangle breakout drive move to $2?

Increased scrutiny on Nobitex may hinder US-Iran diplomatic progress, 
complicating nuclear deal prospects amid ongoing regional tensions.
The post Nobitex linked to sanctions evasion amid US-Iran tensions appeared 
first on Crypto Briefing.

Nobitex linked to sanctions evasion amid US-Iran tensions

The scrutiny over war powers may lead to increased emphasis on diplomatic 
solutions and legislative oversight in U.S. military actions.
The post Pete Hegseth scrutinized over war powers in Iran hearing appeared 
first on Crypto Briefing.

Pete Hegseth scrutinized over war powers in Iran hearing

If Bitcoin closes above $80,000 on a daily candle, a short squeeze could send 
prices racing toward $82,230 — a level that hasn&#8217;t been tested in seven 
months. Related Reading: XRP Bulls Eye Breakout As Ripple Unveils 13,000 Bank 
Connections Worldwide That&#8217;s the scenario analysts are watching after a 
massive wave of selling halted Bitcoin&#8217;s climb at a key resistance zone over 
the weekend. Short Sellers Dominate The Derivatives Market Data from Binance 
futures shows nearly 63% of open positions are currently short, meaning a 
large share of traders are betting on lower prices. According to analyst 
Frigg, that setup cuts both ways. If buyers manage to push Bitcoin through 
$80,000 and hold it, those short positions would be forced to close, adding 
buying pressure and potentially accelerating a move to the 200-day moving 
average at $82,230. $BTC touched $80,526 this morning. it&#8217;s at $79,900 on rn. 
a wick is not a close. here&#8217;s what actually moved it. Trump announced Project 
Freedom Sunday night U.S. escorting stranded vessels through the Strait of 
Hormuz starting today. 15,000 troops, destroyers, 100+ aircraft.… 
pic.twitter.com/p1SP4Ktilc — Frigg 🌸 (@0xfrigg) May 4, 2026 That threshold 
hasn&#8217;t been tested since last October. The derivatives picture sits on top of 
a broader accumulation trend. Reports indicate whale wallets added 270,000 BTC 
through April, while Bitcoin held on exchanges fell to its lowest level in 
seven years. Less Bitcoin on exchanges typically signals that holders are 
moving coins into cold storage — not preparing to sell. Bitcoin: Taker Sell 
Volume hits $1.67B in a single hour, highest value in 2 weeks🤯 
pic.twitter.com/2Otd8PIRg8 — Maartunn (@JA_Maartun) May 4, 2026 $1.67 Billion 
In One Hour The selling spike itself came fast. CryptoQuant analyst Maartunn 
flagged that taker sell volume hit $1.67 billion in a single hour — the 
highest reading in two weeks — right as Bitcoin crossed $80,000 for the first 
time since January 2026. Taker sell volume tracks market orders placed 
immediately at the best available price. When that number spikes, it points to 
urgent selling rather than patient, limit-order activity. Based on the data, 
analysts said $80,000 acted more like a distribution zone than a true breakout 
point, with sellers absorbing demand faster than buyers could sustain 
momentum. Bitcoin pulled back after the rejection, retreating from a high of 
$80,500 reached just hours earlier. Macro Events Helped Fuel The Run-Up The 
rally itself had a geopolitical trigger. US President Donald Trump announced 
what his administration called Project Freedom on Sunday, with the US military 
beginning to escort vessels through the Strait of Hormuz using 15,000 troops, 
destroyers, and more than 100 aircraft. Related Reading: Long-Dormant Bitcoin 
Whale Transfers 11,300 BTC, Sparking Market Speculation The operation pushed 
oil prices lower and lifted sentiment across risk assets, Bitcoin included. 
Frigg noted the situation remains unstable. A tanker was struck near Fujairah 
the same morning, and Iran described the US operation as a ceasefire 
violation. The brief improvement in market mood, she said, has not resolved 
the underlying tension. Featured image from Vecteezy, chart from TradingView

Bitcoin Market Rocked By $1.6 Billion Wave Of Aggressive Selling

The United Arab Emirates Innovation City has rolled out a blockchain-based 
system that assigns every registered company a sovereign, verifiable digital 
identity on-chain. According to an official announcement from Innovation City, 
businesses incorporated in the Ras Al Khaimah free zone…

UAE Innovation City launches blockchain IDs for companies

Ethereum&#8217;s rise as a wartime store of value highlights its potential to 
reshape investment strategies amid geopolitical instability.
The post Ethereum outperforms S&amp;P 500, seen as top wartime store of value 
appeared first on Crypto Briefing.

Can XRP price symmetrical triangle breakout drive move to $2?

Comments