Bitcoin Price Prediction: Bitcoin Nears Key $73K Level as Shorts Close

Bitcoin  Bitcoin Price Prediction: Bitcoin Nears Key $73K Level as Shorts Close  Bitcoin is trading near $73,000 as charts from Man of Bitcoin and CW show BTC at a short-term decision point. One setup warns that bullish momentum is weakening, while the other shows shorts closing as selling pressure starts to fade.  Bitcoin Price Tests $73K as BTC Bearish Roadmap Puts Support in Focus  Bitcoin is trading near $73,280 on the four-hour chart as analyst Man of Bitcoin says a short-term five-wave decline may show weakening bullish momentum.  The chart shared on X shows BTC moving lower after failing to hold its recent upward channel. The analyst said a bounce from the current support area still looks likely, but the new bearish roadmap puts lower levels back in focus.  Bitcoin Four-Hour Chart. Source:  The chart shows Bitcoin falling from the upper part of its May structure after price rejected near the $82,750 resistance zone. BTC then moved lower toward the marked support area between roughly $69,900 and $72,900.  Man of Bitcoin labeled the current move as a five-wave decline. In Elliott Wave analysis, that structure can signal that buyers are losing short-term control, especially after a strong move higher.  The nearest support area sits around the Fibonacci levels shown

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Grayscale IPO delayed as crypto firms reassess public market plans

Asset management giant Grayscale is the latest crypto firm to delay its plans to go public due to market conditions, according to a person with knowledge of the matter.  The Stamford-based investment firm has paused its IPO preparations, and is unlikely to restart the process until the fourth quarter at the earliest, the person said, who spoke on condition of anonymity as the matter is private.  DCG subsidiary Grayscale, one of the worlds largest crypto asset managers and the firm behind the Bitcoin Trust ETF (GBTC), filed confidentially for a U.S. IPO in November last year.  “Due to the SEC-mandated quiet period, we are unable to comment at this time,” a Grayscale spokesperson said in emailed comments.  Grayscale is a leading digital asset investment platform that provides investors with secure and regulated exposure to the cryptocurrency market. Through its suite of single-asset, diversified, and thematic investment products, the firm enables institutional and retail investors to access digital assets without the operational complexities of directly buying, storing, or managing crypto. Since its founding in 2013, the firm has played a central role in bridging traditional finance and the evolving digital asset ecosystem.  Crypto firms entered 2026 anticipating a breakout year for IPOs after successful public listings

05-29

$7.5 Billion in Bitcoin and Ethereum Options Expire Today

Bitcoin Ethereum  $7.5 Billion in Bitcoin and Ethereum Options Expire Today  Max Pain levels stand above current prices in a week marked by significant drops across both leading digital assets globally.  What Todays Monthly Options Expiry Means for Bitcoin  The monthly options expiry is the most important date of the month, when derivative contracts with the largest accumulated volume settle. Todays session concentrates a significant liquidation in the middle of a market correction.  Bitcoin holds 84,112 open contracts with a notional value close to $6.2 billion. The Put/Call Ratio stands at 0.84 in total open interest, with 45,790 calls against 38,322 active puts at closing.  That imbalance reflects a slightly bullish bias among active market participants. The strike distribution shows relevant concentration at higher levels, particularly between $80,000-$85,000 dollars during the cycle.  Bitcoin Expiring Options. Source: Deribit  Bitcoin‘s Max Pain sits at $75,000, clearly above the asset’s current price, which trades around $73,350 after falling 5% throughout the week, according to data from BeInCrypto.  The context explains the pressure. Institutional ETF selling has been worth $2 billion since May 14, pulling the price away from the monthly Max Pain level during the hours leading to the close.  Ethereum and the Weight of the Monthly Expiry  Ethereum shows an equally pressured outlook.

05-29

Japan’s Chief Cabinet Secretary Kihara: Government remains concerned over speculative Fx moves

Finance  Japans Chief Cabinet Secretary Kihara: Government remains concerned over speculative Fx moves  Japans Chief Cabinet Secretary Minoru Kihara said during the European trading session on Friday that the government is extremely concerned about speculative Forex (FX) moves and will be ready for appropriate action if needed.  Additional remarks  Governments stance is always to take appropriate action on forex.  Wont comment on forex levels, intervention.  The statement from Japan‘s Chief Cabinet Secretary Kihara increases hopes of an intervention against excessive forex moves. Earlier in the day, Japan’s Finance Minister (FM) Satsuki Katayama warned that authorities could intervene in the foreign exchange (Forex) market to counter excessive volatility against the Japanese Yen (JPY).  Market reaction  No immediate response was seen in the JPY after Japan Kiharas comments. As of writing, USD/JPY trades almost flat at around 159.30.

05-29

ICE CEO questions unequal treatment of onchain perpetuals market

Jeffrey Sprecher, chief executive officer of Intercontinental Exchange (ICE), has said the company wants equal regulatory treatment as it evaluates opportunities in the fast-growing market for onchain perpetual futures.ICE CEO Jeffrey Sprecher said regulators should clarify whether traditional exchanges can offer onchain perpetual futures under the same rules applied to existing platforms.CE has held multiple discussions with Hyperliquid as the exchange operator explores opportunities in blockchain-based derivatives markets.Growing interest in 24-hour trading of oil and other assets has pushed regulators to consider how perpetual futures should be supervised, according to Sprecher.  Speaking at a Bernstein conference on May 27, Intercontinental Exchange CEO Jeffrey Sprecher said the company has been discussing blockchain-based perpetual futures with regulators while also holding multiple meetings with the Hyperliquid team to better understand the fast-growing sector.  Sprecher‘s comments come weeks after Bloomberg reported that ICE and CME Group had spoken with Capitol Hill officials about potential risks tied to Hyperliquid’s markets, particularly those connected to global oil trading.  According to Sprecher, those discussions were not an effort to target Hyperliquid but part of ICEs effort to determine whether existing regulations would permit similar products.  “What we are saying to the regulators is, ‘Can we do that?’ Why are you prohibiting

05-29

Canon Expands Its Next Phase Of Growth Through Continuous Transformation

Canon Inc.  As Canon Inc. approaches its 90th anniversary in 2027, its trajectory stands as a clear case study in sustained reinvention. Under the leadership of Chairman and CEO Fujio Mitarai, the company has continued to evolve in response to technological disruption, geopolitical instability and shifting global demand while maintaining strong financial performance.  Mitarai attributes Canon‘s longevity to disciplined commitment to continuous evolution. From its origins in precision optical technology, the group has expanded into fields such as medical systems, semiconductor manufacturing equipment and space. Throughout these changes, Mitarai says, Canon’s strategy has followed a consistent principle: “evolve in step with society.”  What follows is a structured account of Canon‘s past, present and near future, based directly on the company’s own strategic framework and Mitarais observations.  Evolving With Technology  Canons history began with the ambition of developing a globally competitive camera using its own technology. “At the time, most cameras used in Japan were imported,” Mitarai says. By refining and advancing its optical technologies, Canon established a strong position in the global camera market. As its technological capabilities advanced, the company expanded into office equipment, growing its global share in that field and broadening its presence beyond its original focus on optical technologies.  To further expand

05-29

Ripple (XRP) ETFs Attract $118M as Bitcoin and Ethereum Funds See Major Outflows

Bitcoin Ethereum  Ripple (XRP) ETFs Attract $118M as Bitcoin and Ethereum Funds See Major OutflowsXRP tested critical support at $1.2710 on May 28, marking its lowest level since February this year.Technical indicators show a triple-bottom formation alongside a hammer candlestick pattern, both suggesting potential bullish reversal.Spot XRP ETFs recorded $118 million in inflows throughout May, significantly outpacing Bitcoin and Ethereum fund performance.Technical analyst ChartNerd cautioned that failure to hold the $1.28–$1.24 range could trigger a decline toward $1.00.Ripples RLUSD stablecoin now commands a $1.8 billion market cap, with monthly volume jumping 61%.  Ripples native token experienced a significant downturn this week, reaching a crucial support zone that has proven resilient throughout 2025. On May 28, XRP bottomed at $1.2710, a level that previously served as support during February and on two separate occasions in April.  XRP Price  The digital asset declined approximately 18% over a two-week period from its May 14 peak of $1.5480. This downturn coincided with a widespread cryptocurrency market correction that impacted Bitcoin and numerous alternative coins.  Recovery efforts began shortly after. On May 29, XRP regained ground above $1.29 but encountered selling pressure around $1.32. The asset is presently positioned beneath the 100-hourly simple moving average.  Technical Chart Analysis  Market participants are closely

05-29

UK targets Russian sanctions evasion in digital asset sector

Tech  UK targets Russian sanctions evasion in digital asset sector  The United Kingdom‘s Foreign Secretary, Yvette Cooper, has announced new sanctions targeting digital currency in a bid to shut off “financial lifelines that sustain Putin’s war machine,” including adding digital asset exchange HTX to the countrys list of sanctioned entities over its support of Russia.  On May 26, the U.K. Foreign Office revealed it would be ramping up measures against digital asset networks used to bypass Britains sanctions, in an effort to prevent Russia from exploiting the sector to circumvent the heavy economic sanctions placed on the country since its illegal invasion of Ukraine in February 2022.  “If the Kremlin thinks it can evade our sanctions by hiding behind crypto networks and shadow financial systems, it is gravely mistaken,” Foreign Secretary Cooper said in a May 26 press release. “The UK is adapting and strengthening our approach to target the evolving tactics Russia is using to evade restrictions.”  She added that “we are tracking down and shutting off the financial lifelines that sustain Putin‘s war machine. There will be no safe havens for those enabling Russia’s aggression.”  The package of 18 designations announced by the Foreign Office was designed to directly target Russias illicit financial infrastructure

05-29

XRP Traders Hit 47% Losses as Santiment Flags Historic Dip-Buy Setup

MVRV helps traders compare current market value with realized value, making it useful for spotting whether holders are sitting on heavy losses or profits. The measure can highlight capitulation risk, trader exhaustion, and potential rebound conditions after heavy selling. Santiment said “weak MVRV readings alone do not guarantee a reversal,” though they can show that “the majority of panic selling has already occurred.” Those conditions can leave more responsive to catalysts tied to exchange-traded funds (ETFs), regulatory clarity, and Ripples adoption narrative.  ETF Inflows and Weak Sentiment Shape s Setup  Recent market data shows institutional and treasury-related interest continuing while retail sentiment remains weak. fell nearly 6% over the past week during broader rotation, yet XRP-focused investment products still recorded $1.55 million in inflows while spot saw $333.71 million in outflows. Evernorth described s longer-term value proposition around regulated payment infrastructure and cross-border settlement efficiency. Ripple also expanded integration into enterprise treasury platforms, allowing corporate clients to access digital-asset and payment functionality directly through treasury management systems. Those developments keep tied to institutional utility narratives even as short-term price momentum remains under pressure.  Crowd sentiment has weakened alongside trader returns. Santiment said ‘s ratio of to commentary dropped to 1.1-to-1, pushing the asset

05-29

BREAKING: Michael Saylors Strategy Moves Bitcoin to Coinbase Crypto Exchange

In the Q1 earnings call earlier this month, Michael Saylor announced the company may sell some of its Bitcoin holdings to fund dividends. Markets saw a shift from the strict “never sell” narrative to “probably sell some Bitcoin.” The company plans to maximize BTC per share.  As CoinGape reported earlier, Strategy used cash reserves to repurchase $1.5 billion of its 0% convertible senior notes due in 2029. While it has reduced total convertible debt from $8.2 billion to $6.7 billion, cash reserves dropped to $871 million.  In addition, Strategy CEO Phong Le confirmed in a Thursday interview that the company will increase Bitcoin per share. He also claimed the company will continue to acquire BTC.  Strategy CEO @PhongLe discusses $BTC, $STRC, $MSTR, and our capital markets strategy to acquire Bitcoin and increase Bitcoin Per Share with @LizClaman. pic.twitter.com/scu8d4ER1N  — Michael Saylor (@saylor) May 28, 2026  MSTR Stock Falls amid BTC Selling Pressure  MSTR stock closed 1.66% lower at $151.64 on Thursday. The intraday low and high were $144.30 and $153.64, respectively. Trading volume was also below the average of 18 million, which has dropped in the last few weeks.  MSTR stock is down more than 8% in a week and almost 22% since May 11, erasing most

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