Bitcoin surged past $74,000 on May 29 after briefly dropping to a multiweek low of $72,395. The rebound followed reports of a tentative U.S.-Iran agreement to reopen the Strait of Hormuz, a key shipping route for 20% of the world's crude oil. This news also triggered a drop in crude prices and a rally in U.S. stocks. However, the deal still requires formal approval from both sides, and analysts are watching closely to see if Iran confirms the agreement in the next 48 hours. The development could ease global economic pressures by lowering energy costs if it holds.
Bitcoin's price stabilized around $74,000 following positive regulatory developments in the US, including the Commodity Futures Trading Commission allowing crypto perpetual futures trading. Despite significant liquidations and outflows from Bitcoin a...
Bitcoin price rose to near $74,000 after President Trump announced the US Navy would lift its blockade of the Strait of Hormuz, reducing shipping concerns in this key energy route. This easing of geopolitical tensions triggered a short squeeze in cry...
Bitcoin ETFs have seen over $4 billion in outflows since early May 2026, reflecting growing investor caution amid market uncertainty. Despite heavy selling by institutions and retail traders, data shows increasing Bitcoin accumulation by both retail ...
Bitcoin whale wallets holding 1,000 to 10,000 BTC are shrinking at the fastest rate this year, mirroring the 2022 bear market conditions when accumulation stalled and turned negative. Dolphin wallets, mainly ETFs and corporate treasuries, continue to...
Bitcoin recovered to around $74,000 after President Donald Trump announced the end of the US naval blockade of the Strait of Hormuz, which had caused significant geopolitical tension and market volatility since early April. The blockade's end eased f...
