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

More than 172,000 traders were liquidated in a single day as Bitcoin&#8217;s losses 
piled up, pushing the cryptocurrency out of the world&#8217;s top 10 largest assets 
by market cap. Bitcoin now sits at 13th place, trailing gold, NVIDIA, Apple, 
Microsoft, and silver, among others. Related Reading: Unknown Wallet Destroys 
$8.5 Million In Bitcoin In Shocking Burn Longs Take The Brunt Total crypto 
liquidations reached $921 million within 24 hours, with Bitcoin alone 
accounting for $352 million. Ethereum followed at $241 million, while XRP, 
ZEC, HYPE, SUI, DOGE, and NEAR recorded the remaining losses. Long positions 
made up more than 90% of all liquidations, a sign that traders had bet on a 
price recovery that never came — resulting in forced selling rather than new 
bearish bets. Four-hour liquidations hit $95 million, with longs at $55 
million and shorts at $39 million. Across exchanges, Hyperliquid and Bybit saw 
heavy long liquidations, OKX leaned toward short liquidations, and Binance 
recorded equal long-short positions. Bitcoin was trading around $73,125 at the 
time of writing, down 1.70% in 24 hours and 5% over the past week. Its 
intraday range ran from $72,485 to a high of $75,280. A Wider Market Slide The 
broader crypto market moved in the same direction. Ethereum dropped 5.60% over 
the week, BNB fell 2.50%, and XRP declined 3.15%, according to Coingecko data. 
Tether slipped just 0.005%. Meanwhile, gold held the top spot globally with a 
market cap exceeding $31 trillion, based on CompaniesMarketCap data. NVIDIA, 
Google, Apple, and Microsoft followed. AI-driven demand has kept NVIDIA and 
Broadcom among the stronger performers in recent months, while gold and silver 
have attracted buyers looking for stability. Bitcoin&#8217;s total market cap stands 
at roughly $1.47 trillion — significant by most standards, but no longer 
enough to place it in the top 10 alongside the world&#8217;s biggest companies and 
commodities. Related Reading: Bitcoin’s 4-Year Rhythm Is Still Playing Out, 
Says Crypto CEO Bearish Signals Across The Board Technical indicators paint a 
gloomy picture. On the 1-day chart, moving averages from 10 to 200 periods all 
point to negative momentum, according to TradingView data. The oscillator 
group is mixed — the RSI sits at 3 6, which is considered neutral, but two 
other oscillators are flashing sell signals. Whether Bitcoin can climb back 
into the top 10 will depend heavily on price action in the weeks ahead. 
Reports indicate a sustained move above $75,000 could help restore market 
confidence, while a break below key support levels may extend the current 
slide. Featured image from Bitpanda Blog, chart from TradingView

More than 172,000 traders were liquidated in a single day as Bitcoin&#8217;s losses piled up, pushing the cryptocurrency out of the world&#8217;s top 10 largest assets by market cap. Bitcoin now sits at 13th place, trailing gold, NVIDIA, Apple, Microsoft, and silver, among others. Related Reading: Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking &#8230;

Crypto Giant Dethroned: Bitcoin Drops Out Of Top 10 Amid Market Shift

According to the Sui network’s official status page, the blockchain is facing 
a “major outage” as it has stopped processing user transactions. The Sui team 
explained that the latest stall is related to the fix of the first stall, and 
a problem that surged at the epoch change. Sui Falls For The Third Time Sui, 
[…]

According to the Sui network’s official status page, the blockchain is facing a “major outage” as it has stopped processing user transactions. The Sui team explained that the latest stall is related to the fix of the first stall, and a problem that surged at the epoch change. Sui Falls For The Third Time Sui, &#8230;

Sui Network Hits Third Transaction Halt in 48-Hour Outage Wave

Robinhood (HOOD) and Coinbase (COIN) ended the week’s final session in the 
green, with Robinhood’s stock leading the move as US regulators took steps 
that could expand the local market for crypto derivatives. Shares of Robinhood 
rose sharply, jumping about 11% on the day to close around $94 per share, 
which also marked the highest level the stock has reached since February. 
Coinbase (COIN) was not far behind, gaining close to 7% as the exchange’s 
shares finished the session near $189. That level sits in the middle of the 
stock’s broader consolidation range of roughly $160 to $215, a band it has 
been trading within since late March. CFTC Sparks HOOD And COIN Rally The 
rally for both companies was widely attributed to action from the Commodity 
Futures Trading Commission (CFTC). Earlier on Friday, the agency announced it 
would allow US firms to offer perpetual (perps) futures trading, a potential 
catalyst for new product launches and expanded trading activity within the 
United States. In addition to that policy shift, the CFTC also moved that same 
day to issue a no-action letter to Coinbase. Under the regulator’s guidance, 
the letter permits Coinbase’s US customers to access the options and 
perpetuals the company already offers. Related Reading: JPMorgan CEO Goes 
Nuclear On CLARITY Act, Calling Coinbase’s Armstrong ‘Full Of S-t’ The impact 
of the regulator’s steps was not limited to Coinbase. Other US-based firms 
have signaled they are exploring perpetuals, including trading platform Gemini 
and Robinhood, which already offers the product in Europe. Mizuho analyst Dan 
Dolev summarized the opportunity by saying the main message from the day was 
that it represented a “massive market opportunity.” He added that there is 
potential for Coinbase and other firms to win a share of trading activity 
that, so far, has mostly been happening on offshore venues. Robinhood Price 
Targets Rise Mizuho also lifted its price target for Robinhood from $110 to 
$115. Separately, Citizens reiterated its “market outperform” rating and 
maintained a $155 price target. One item cited in the positive sentiment was 
Robinhood’s plan to give users the ability to connect artificial intelligence 
(AI) agents to their accounts for trading, as well as for credit card 
purchases. Related Reading: Can Ripple’s Fed Master Account Approval Trigger A 
New XRP Bull Run? AI Model Says $80 Is Possible Robinhood also said customers 
will soon be able to direct AI agents to trade equities in a separate account, 
with limits set by the user. Support for options, event contracts, futures, 
and additional products is expected to arrive later, according to the company. 
Featured image created with OpenArt; chart from TradingView.com

Robinhood (HOOD) and Coinbase (COIN) ended the week’s final session in the green, with Robinhood’s stock leading the move as US regulators took steps that could expand the local market for crypto derivatives. Shares of Robinhood rose sharply, jumping about 11% on the day to close around $94 per share, which also marked the highest &#8230;

Perps Lift Crypto Stocks—Robinhood, Coinbase End Week In The Green After CFTC Move

Meta&#8217;s acquisition of Limitless signals a strategic expansion in AI wearables, 
potentially reshaping consumer tech and personal intelligence.
The post Meta acquires Limitless AI pendant maker as part of ambitious 
wearables push appeared first on Crypto Briefing.

Meta&#8217;s acquisition of Limitless signals a strategic expansion in AI wearables, potentially reshaping consumer tech and personal intelligence. The post Meta acquires Limitless AI pendant maker as part of ambitious wearables push appeared first on Crypto Briefing.

Meta acquires Limitless AI pendant maker as part of ambitious wearables push

Anchorage Digital has taken a strategic investment position in SLX, the native 
token of Solana-based protocol Solstice. The move adds another regulated 
institutional player to Solstice’s network as demand grows for auditable 
onchain yield products. Solstice Attracts Anchorage Digital Investment After 
$400M TVL Milestone Anchorage Digital has taken a strategic investment 
position in SLX, the […]

Anchorage Digital has taken a strategic investment position in SLX, the native token of Solana-based protocol Solstice. The move adds another regulated institutional player to Solstice’s network as demand grows for auditable onchain yield products. Solstice Attracts Anchorage Digital Investment After $400M TVL Milestone Anchorage Digital has taken a strategic investment position in SLX, the &#8230;

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

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