The rise of Stretch highlights the growing intersection of cryptocurrency and 
traditional finance, posing new risks and opportunities for investors.
The post Stretch becomes world&#8217;s largest preferred stock with $8.5B AUM 
appeared first on Crypto Briefing.

Stretch becomes world’s largest preferred stock with $8.5B AUM

Iran&#8217;s Strait of Hormuz plan may escalate regional tensions, impacting global 
oil markets and reducing prospects for Israel-Iran peace.
The post Iran to reveal Strait of Hormuz plan amid Israel&#8217;s Lebanon, Gaza 
attacks appeared first on Crypto Briefing.

Iran to reveal Strait of Hormuz plan amid Israel’s Lebanon, Gaza attacks

Qualcomm&#8217;s data center expansion could diversify its revenue streams, 
challenging established players and reshaping the AI inference market.
The post Qualcomm signs major data center customer, expands market reach 
beyond mobile chips appeared first on Crypto Briefing.

Qualcomm signs major data center customer, expands market reach beyond mobile chips

Bitcoin continues to face strong resistance as bulls struggle to reclaim 
higher price levels and restore upward momentum. With the market failing to 
break key resistance zones, attention is now shifting toward major Fibonacci 
support areas, where buyers could attempt to stabilize the current decline and 
prevent a deeper correction. Recovery Hopes Fade Unless Resistance Levels 
Break After failing to break above the $82,885 resistance peak, Bitcoin is 
experiencing selling pressure. According to crypto analyst Kamile Uray, the 
4-hour chart still points to ongoing downside risk, with price action likely 
to remain weak as long as Bitcoin trades below the critical $78,203 level. 
Related Reading: Why Bitcoin Still Needs Massive Capital Inflows To Ignite 
True Bull Run Uray explained that if BTC remains under $78,203, the decline 
could continue toward the $74,929 region, where buyers may attempt to step in 
and slow the downward momentum. However, failure to generate a meaningful 
recovery from that zone could trigger a much deeper correction across the 
broader market. The analyst also highlighted the $71,000–$68,000 range as a 
major Fibonacci support area where stronger buying interest could emerge. On 
the upside, key resistance levels to monitor remain around $98,000 and the 
$107,000–$109,000 region, which could act as a major barrier if Bitcoin 
attempts another recovery rally. Meanwhile, on the downside, the analyst 
pointed to the $60,000 level as a critical support zone, noting that a daily 
close below it would significantly strengthen bearish control and turn any 
future rallies into corrective bounces rather than signs of a sustained 
recovery. Bitcoin Stays Range-Bound As Market Awaits Breakout Signal Crypto 
analyst Ultimae noted that Bitcoin has remained stuck in a range-bound 
structure for the past 10 days, with price action showing little momentum in 
either direction. According to the analyst, the market is currently 
stabilizing around the $78,700 level, which had previously been identified as 
a key support zone. Related Reading: Why The $65,000 Region Is Important As 
Bitcoin Gears Up To Face Massive Resistance At These Levels Currently, holding 
above this support remains important for maintaining short-term stability. 
However, if Bitcoin breaks decisively below it, the next downside target could 
be around $77,000 as bearish pressure intensifies. On the upside, the analyst 
pointed out that the $80,000 area is no longer acting as a major resistance 
barrier, while the more significant resistance level remains near $83,000. A 
successful breakout above that region could strengthen bullish momentum and 
potentially open the door for a move toward the $87,000 target zone. For now, 
Ultimae believes Bitcoin is likely to remain trapped within its current range 
unless the market produces a clear directional breakout. As long as neither 
support nor resistance is decisively broken, the broader outlook continues to 
favor sideways consolidation rather than the start of a strong trending move. 
Featured image from Getty Images, chart from Tradingview.com

Bitcoin Struggles Below Resistance While Fibonacci Support Comes Into Focus

Grayscale says the CLARITY Act faces several remaining hurdles after a 15-9 
Senate committee vote gave the crypto market bill bipartisan momentum. The 
measure must now be merged with another Senate bill and reconciled with the 
House version. CLARITY Act’s Next Phase Hinges on Consolidation Crypto asset 
manager Grayscale Investments shared on May 15 what […]

What Comes Next for the CLARITY Act? Grayscale Flags Key Hurdles

Increased military tensions could undermine diplomatic efforts, heightening 
regional instability and reducing prospects for lasting peace agreements.
The post Trump considers Iran strikes as Israel readies for potential war 
escalation appeared first on Crypto Briefing.

Stretch becomes world’s largest preferred stock with $8.5B AUM

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