Pro-crypto Senator Cynthia Lummis believes the Fed&#8217;s recent warming to crypto is just &#8220;lip service,&#8221; and calls out anti-crypto bias.

Senator Lummis blasts the Fed: Anti crypto bias persists, despite ‘lip service’

XRP price action on lower timeframes, specifically under the 4-hour mark, 
remains notably uncertain, with erratic fluctuations and a lack of clear 
directional bias. However, a deeper analysis reveals that the broader 
structure on the 4-hour chart is offering more constructive insights. Despite 
the choppy short-term moves, the 4-hour timeframe maintains a bullish 
formation, suggesting that underlying momentum may be building. The Bigger 
Picture For XRP A key insight shared by market analyst Andrew Griffiths 
suggests that a decisive move toward the bullish order block between 2.3907 
and 2.3277, coupled with strong bearish momentum, could indicate the early 
signs of a structural breakdown. Related Reading: XRP Price Eyes Breakout: Can 
It Shatter Resistance and Reignite the Rally? In his recent post on X, 
Griffiths emphasized that this price zone has historically acted as a 
significant area of demand, where buyers typically step in to defend support. 
However, if sellers dominate this region and the price fails to hold, it could 
signal a shift in market dynamics, potentially invalidating the current 
bullish setup. Despite this technical vulnerability, the overall crypto market 
sentiment continues to lean bullish. Bitcoin’s dominance remains firm, while 
the TOTAL2 chart, which reflects the performance of altcoins excluding 
Bitcoin, maintains a bullish market structure. These broader trends support 
the idea that current weakness may be a temporary shakeout rather than the 
start of a deeper reversal. As such, price action around the order block is 
key, as it could serve as a turning point in the days ahead. Trade Setup: 
Waiting for Confirmation at Key Levels Andrew Griffiths outlined a strategic 
trading approach centered around the 4-hour bullish order block between 2.3907 
and 2.3277. According to Griffiths, a price test of this zone, if accompanied 
by weak bearish momentum, could present a favorable buying opportunity. 
Related Reading: Analyst Says These Factors Will Drive XRP Price To $1,000, 
But What Does Market Cap Say? This aligns with his personal trading 
methodology, which focuses on identifying high-probability entries where price 
reacts to key levels with signs of exhaustion from the opposing side. For 
traders looking to capitalize on potential long setups, this zone may serve as 
an ideal area for entry, provided certain conditions align. Signs such as 
decreasing sell volume, long lower wicks (indicating rejection), or bullish 
candlestick formations within or just above the zone may act as confirmation 
of weakening bearish pressure. Griffiths also emphasizes the importance of 
waiting for a clear reaction, rather than preemptively entering a position, to 
reduce the risk of a deeper breakdown. A well-placed stop-loss just below the 
lower boundary of the order block (2.3277) could offer a favorable risk-reward 
ratio, especially if the broader trend resumes to the upside. Featured image 
from Getty Images, chart from Tradingview.com

XRP Short-Term Movements Remain Uncertain, But 4-Hour Chart Shows Strength

The Binance Coin is on the cusp of a major bullish breakout after forming a 
giant cup and handle pattern and continuing to outperform top competitors on 
key network metrics. Binance Coin (BNB) climbed to a high of $690 on…

BNB price nears breakout as it beats top rivals on key metrics

**Key points:**
 * Bitcoin fails to capitalize on lower-than-expected US CPI data, seeing a Wall Street sell-off for a second day.
 * Traders see BTC/USD buying time before its next move, and a trip below $100,000 is on the cards.
 * Bitcoin is showing &#8220;undeniable&#8221; momentum against gold and stocks, Binance&#8217;s Richard Teng says.
Bitcoin (BTC) saw a repeat sell-off at the May 13 Wall Street open as bears 
ignored positive US inflation data.
_BTC/USD 1-hour chart. Source: Cointelegraph/TradingView_
## 
BTC price stagnates after CPI inflation cools
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD again 
heading lower after failing to reclaim $104,000 as support.
The downside came despite the April print of the US Consumer Price Index (CPI) 
coming in below expectations in what should be good news for risk assets.
&#8220;The all items index rose 2.3 percent for the 12 months ending April, after 
rising 2.4 percent over the 12 months ending March,&#8221; an official release from 
the US Bureau of Labor Statistics (BLS) confirmed.
&gt; &#8220;The April change was the smallest 12-month increase in the all items index 
&gt; since February 2021.&#8221;
_US CPI 12-month % change. Source: BLS_
US stocks opened higher, with the S&amp;P 500 and Nasdaq Composite Index up 0.7% 
and 1.4%, respectively, at the time of writing.
Reacting, trading resource The Kobeissi Letter noted that the S&amp;P 500 had now 
delivered net upside year-to-date.
&#8220;The S&amp;P 500 has technically entered a new bull market, up 20% since April. We 
are seeing historic moves to both directions in both stocks and commodities,&#8221; 
it wrote in part of a thread on X.
_S &amp;P 500 1-day chart. Source: Cointelegraph/TradingView_
BTC/USD meanwhile surfed nearby order book liquidity around spot price. For 
popular trader Daan Crypto Trades, the stage was now being set for fresh 
volatility.
&#8220;That&#8217;s all the big clusters above and below taken out now. Good liquidity 
grab on both sides,&#8221; he summarized alongside data from monitoring resource 
CoinGlass.
&gt; &#8220;From here on out we&#8217;ll just have to wait and see as the market ranges a bit 
&gt; and figures out what it wants to do. No massive liquidity levels nearby so 
&gt; spot will have to be leading.&#8221;
_BTC liquidation heatmap (screenshot). Source: CoinGlass_
The day prior, Daan Crypto Trades had forecast a retest of $102,000 based on 
liquidity clusters, a move which subsequently played out.
&#8220;Bitcoin is stalling here for a little bit, which is completely fine,&#8221; crypto 
analyst and entrepreneur Michael van de Poppe continued.
&gt; &#8220;Even if it goes back to $97.5-98K, we&#8217;ll still be in an uptrend and 
&gt; building up for new ATHs.&#8221;
_BTC/USDT 6-hour chart with RSI data. Source: Micha el van de Poppe/X_
## Teng: Bitcoin momentum &#8220;undeniable&#8221;
Assessing the ongoing macro implications for BTC price action, trading firm 
QCP Capital considered the chances of the market trending sideways in the 
short term.
_**Related:**__**Bitcoin illiquid supply hits 14M BTC as hodlers set bull 
market record**_
&#8220;BTC remains caught in a tug-of-war between its identity as &#8216;digital gold&#8217; and 
its function as a risk-on proxy. This tension continues to obscure its 
directional conviction,&#8221; it wrote in its latest bulletin to Telegram channel 
subscribers on the day.
&gt; &#8220;As the macro narrative moves from protectionism toward renewed trade 
&gt; optimism, BTC could remain range-bound.&#8221;
Others remained strong in their conviction over the general market trajectory, 
including Richard Teng, CEO of crypto exchange Binance.
&#8220;While traditional markets recover, Bitcoin&#8217;s already leading the pack,&#8221; he 
told X followers while comparing returns since the April 2 &#8220;Liberation Day&#8221; 
enacted by US President Donald Trump as he unveiled reciprocal trade tariffs.
&gt; &#8220;With double-digit gains following key global events, BTC is reinforcing its 
&gt; position as a resilient alternative asset&#8211;outperforming gold, the S&amp;P 500, 
&gt; and the Nasdaq year-to-date. The momentum is undeniable.&#8221;
_Macro asset comparison. Source: Richard Teng/X_
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Bitcoin shrugs off US CPI win as Binance CEO says BTC 'leading pack'

Tel Aviv-based crypto security firm inabit has partnered with Google Cloud for 
better crypto protection using Google’s Confidential Computing technology. The 
collaboration aims to prevent private key breaches and ensure secure 
cryptocurrency transactions, addressing rising threats from insider access 
and…

Exclusive: inabit and Google Cloud team up to strengthen crypto transaction security

Bonk is among the altcoins that saw a significant price dip early Tuesday as 
profit taking dented bulls’ momentum. The Bonk (BONK) crypto had jumped to 
highs of $0.0000256 as Bitcoin (BTC) broke to above $105k amid a U.S.-China 
trade…