Bitcoin bounces as Trump prepares to announce ‘negotiated’ Iran deal

Cryptocurrency markets have recovered around $75 billion in total capitalization following an announcement from US President Donald Trump on progress on a peace agreement with Iran.  A deal has been “largely negotiated” among the United States, Iran, and several Middle Eastern countries, Trump announced on Truth Social on Saturday.  The countries included in the negotiations were Saudi Arabia, the United Arab Emirates, Qatar, Pakistan, Turkey, Egypt, Jordan and Bahrain.  “An agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other countries, as listed,” he said.  The deal also includes reopening the Strait of Hormuz. The closure of the key waterway has impacted global energy prices and weighed on the cost of living in many nations. It has also impacted investments in high-risk assets such as crypto, which have retreated recently.  “Final aspects and details of the deal are currently being discussed and will be announced shortly. In addition to many other elements of the agreement, the Strait of Hormuz will be opened.”Three months of war takes its toll  Trumps announcement comes amid a fragile ceasefire that began in early April with several failed attempts at reaching an agreement between the US and Iran.  US

05-24

BlackRock, Visa, and JPMorgan Build Directly on Solanas Infrastructure Despite Market Slump

Wall Street‘s biggest names are quietly embedding themselves into Solana’s rails — even as $SOL trades near a 12-month low. What do they know that the charts havent shown yet?  There is something almost theatrical about the disconnect playing out in real time. Solanas native token, $SOL, is nursing a bruising decline — down nearly 72% from its late-2024 peak above $295.  Simultaneously, three of the most powerful financial institutions on earth are quietly embedding their operations directly into Solanas infrastructure.  Something does not add up. Or rather, something adds up very well — just not yet in the price.  The Institutional Bet Nobody Is Talking About  BlackRock, which manages over $10 trillion in assets, has expanded its tokenized fund activities onto Solana, drawn by the networks sub-second finality and fees that cost fractions of a cent.  Visa has been piloting USDC settlement flows over Solanas mainnet since 2023, and recent disclosures indicate those pilots have graduated into production-grade infrastructure.  JPMorgan‘s blockchain division has been stress-testing Solana’s throughput for cross-border payment corridors, citing settlement efficiency gains that its own proprietary Onyx network cannot yet match.  The pattern is consistent: adoption is accelerating at the infrastructure layer precisely when token prices are most discouraging to retail participants.  It is a

05-24

Hyperliquid ETFs record $36 mln inflows in 5 days: Arthur Hayes adds to the HYPE

Tech  Hyperliquid ETFs record $36 mln inflows in 5 days: Arthur Hayes adds to the HYPE  Bitcoin Ethereum News  Institutional interest around Hyperliquid [HYPE] increasingly strengthened after crypto-linked investment products began attracting stronger trading participation and fresh capital inflows.  Broader market attention had already accelerated once regulated exposure vehicles started expanding across derivatives-focused infrastructure platforms.  However, Bitwises Hyperliquid ETF later recorded more than roughly $40 million in trading volume alongside nearly $11 million in inflows.  Earlier launch figures had also pushed Assets Under Management (AUM) toward roughly $30.5 million beneath steadily rising investor participation.  Source: X  That expansion increasingly suggested institutions were beginning to view Hyperliquid as a maturing derivatives infrastructure layer rather than purely speculative trading exposure.  The ETFs staking structure and wallet transparency also reinforced broader confidence around operational maturity and ecosystem credibility.  That progression increasingly positioned Hyperliquid closer toward sustained institutional relevance beneath expanding crypto-market infrastructure adoption.  Arthur Hayes HYPE profit-taking intensifies market attention  Hyperliquids momentum recently strengthened after rising ETF participation and expanding derivatives activity pushed HYPE toward the broader $55 region.  Earlier optimism also intensified because institutional attention steadily accelerated beneath growing ecosystem adoption and speculative demand.  However, Arkham-linked flows later revealed a wallet tied to Arthur Hayes deposited roughly 115,453 HYPE worth nearly $6.33 million into Bybit.  That transfer

05-24

Dogecoin traders panic sell - DOGE dips below $0.1, liquidations reach $16 mln

Tech  Dogecoin traders panic sell – DOGE dips below $0.1, liquidations reach $16 mln  Bitcoin Ethereum News  Dogecoin liquidation hit $16 millionSource: CoinGlass  Source: CoinGlass  Source: CoinGlassCan DOGE defend the $0.1 level, or is a bigger drop ahead?  Dogecoin lost its $0.1 support as Futures traders panicked and exited. With sentiment turning risk-off and appetite reduced, the market structure weakened significantly.  As a result, the memecoin‘s Connors RSI dropped further into the bearish zone, reaching 19, indicating heavy selling pressure. Likewise, the memecoin’s True Strength Index (TSI) dropped into the negative zone, further confirming the trends strength.  Source: TradingView  These two indicators suggest that bears are extremely dominant and that the downtrend is strong, leaving DOGE exposed to further losses. If bearish pressure persists, Dogecoin is likely to see further losses, dropping to $0.096.  To see a trend reversal, DOGE bulls need to push for a daily close above $0.106.

05-24

Pudgy Penguins down 14% after 712 mln token unlock: Can PENGU rebound?

Tech  Pudgy Penguins down 14% after 712 mln token unlock: Can PENGU rebound?  Bitcoin Ethereum News  Pudgy Penguins [PENGU] is down 14% in the past 24 hours. PENGU had the biggest loss among CoinMarketCaps top 100 crypto tokens during this period.  A couple of factors influenced this sudden crash, which occurred after a week of positive gains across the crypto sector.  Monthly unlocks fuel selling pressure  The number of transactions was growing, but sellers dominated them more. According to Dune Analytics, sell transactions were 19,865, while those of buyers were 19,648. However, the difference was not that big.  Additionally, the number of daily sellers was 959, while the number of buyers was 804.  Source: Dune Analytics  This sale came as a result of monthly unlocks of 712.4 million PENGU worth $6.25 million.  Of this amount, 279.3 million PENGU worth $2.45 million was meant for the company, while 433.1 million tokens valued at $3.80 million went to the current and future teams.  Network data from Arkham showed the teams distributed their tokens this week, valued at $3.40 million. Hence, this development potentially sparked sell pressure from on-chain traders.  Source: Arkham  Furthermore, capital was leaving the broader altcoin market, and trending tokens like PENGU were taking the hardest hit. An increase in daily trading volume

05-24

BCH Price Prediction: $320 Retest Before $450 Breakout - 65% Probability Within 30 Days

Market Context: Why BCH is Moving Now  Bitcoin Cash is caught in no man‘s land, trading at $380.70 after grinding through a brutal selloff that’s left it 26% below its 20-day average. The silence from major analysts tells you everything – BCH has become the forgotten stepchild while everyone chases AI tokens and memecoins. This neglect creates opportunity for contrarian plays, but only if you time the capitulation correctly.  The derivatives market is painting a clear picture with that -0.0121% funding rate. Shorts are so confident theyre willing to pay longs every 8 hours. When leverage gets this one-sided, reversals tend to be violent. Blockchain.news has been tracking similar setups across altcoins, and the pattern is becoming predictable – maximum pessimism precedes the strongest bounces.  Indicator Alignment  Every single moving average is acting as resistance, from the 7-day SMA at $386 all the way up to the 200-day at $511. This isn‘t just bearish – it’s a technical nightmare that suggests months of overhead supply. The MACD histogram sitting at perfect zero with the signal line at -19.20 shows momentum has completely stalled in oversold territory.  Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.  Full BCH

05-24

MYX jumps by 12% in its first major move since February - Whats next?

Tech  MYX jumps by 12% in its first major move since February – Whats next?  Bitcoin Ethereum News  MYX Finances [MYX] price action has recorded a noticeable surge after weeks of bleeding.  The token has not recorded any significant push since it crashed below $1 in late February. However, buyers are taking back their market share. In just 24 hours, MYX rose by 12%.  Consequently, the tokens on-chain metrics also registered massive gains. Specifically, interest in MYX appeared to be increasing, as buyers dominated the market at the press time trading price.  Source: TradingViewMomentum builds on fresh market participation  AMBCrypto‘s close analysis of the recent on-chain data revealed an impressive rise in the market’s Open Interest.  MYX Finances Open Interest stood at $11.2 million at press time after a 28% daily surge. This clearly showed that institutional investors and traders were investing in the dip.  The investor takes the first step, and the traders and retail investors follow. For MYX, the path seems to have been set, and retail players could soon join the party.  Source: Coinalyze  At the same time, buy positions now account for 82% of total daily market exposure. That level of dominance shows clear intent.  Buyers are not just present; they are in total control. Currently, they are

05-24

XLM Price Prediction: $0.12 Breakdown Risk as Support Crumbles

Market Context: Why XLM is Moving Now  Stellar finds itself caught in cryptos broader consolidation phase, with the token grinding sideways while Bitcoin analysts maintain bullish targets between $73,000-$84,000. This divergence tells the story – while major coins prepare for potential breakouts, XLM is bleeding momentum against both USD and BTC pairs. The 0.89% daily gain masks deeper structural weakness, as the token trades well below most major moving averages.  The lack of recent KOL attention speaks volumes. When influencers go quiet on an asset, it typically signals either accumulation by smart money or complete abandonment. Given XLMs position near multi-month lows relative to moving averages, this silence feels ominous rather than constructive.  Technical Momentum Deteriorates  Technical momentum has turned decisively bearish across multiple timeframes. The MACD histogram sits at essentially zero with both MACD lines converging below the signal, showing exhausted buying pressure. More concerning is the Bollinger Band position at just 0.20 – XLM is hugging the lower band at $0.14 like a desperate swimmer clinging to a life preserver.  The RSI at 37.72 provides the only glimmer of hope, suggesting oversold conditions that could spark a relief bounce. However, RSI can remain oversold for extended periods during strong downtrends. The stochastic oscillator

05-24

NEAR Price Prediction: $3.50 Target in 10 Days Before Overbought Correction to $1.80

Market Context: Why NEAR is Moving Now  NEAR Protocol has detonated upward with a blistering 27.36% daily gain, catapulting from $1.72 to $2.26 in a single session. This isn‘t random noise—it’s a breakout above all major moving averages that had been strangling price action for months. Trading volume exploded to $131.9 million on Binance alone, signaling institutional participation rather than retail FOMO.  The catalyst appears to be NEAR finally breaking free from the $1.44-$1.57 range that had become its prison. When assets compressed this long suddenly explode, they typically don‘t stop at the first resistance level—they overshoot dramatically before reality sets in. The strength of this move suggests underlying fundamentals have shifted, making Blockchain.news crypto market participants take notice of NEAR’s potential.  Technical Warning Signs Align  RSI has rocketed to 84.56, deep into overbought territory that historically precedes 15-25% corrections. The Stochastic readings at 96.34/%K and 77.07/%D are screaming extreme conditions while MACD histogram sits at zero with bearish momentum already forming, suggesting the rocket fuel is running out.  But heres the twist: NEAR sits 30% above its upper Bollinger Band at a 1.30 position, indicating parabolic behavior. When momentum this strong develops, assets frequently push another 20-30% higher before gravity reasserts itself. The daily

05-24

ARB Price Prediction: Relief Rally to $0.125 Before $0.095 Breakdown

The Immediate Setup  Arbitrum sits trapped at $0.11, displaying the telltale signs of a market caught between exhausted sellers and reluctant buyers. The modest 0.63% daily gain lacks conviction, backed by anemic volume of just $5.96 million on Binance spot. This isn‘t institutional accumulation – it’s dead money waiting for direction.  The technical picture reveals a market in limbo. MACD momentum has flatlined at zero while price action hugs the lower Bollinger Band at $0.10. When momentum indicators stall after extended selling pressure, markets typically prepare for their next significant move. Given ARBs position well below key moving averages, the setup favors continued weakness despite short-term oversold conditions.  Key Levels Exposed  Price remains pinned below a wall of resistance between $0.12-$0.13, with the 20-period SMA acting as dynamic overhead pressure. Multiple failed attempts to reclaim $0.12 over the past week demonstrate seller commitment at these levels. The Bollinger Band positioning at 0.21 confirms bearish control remains intact, with price heavily skewed toward the lower boundary.  What makes this setup particularly fragile is the distance between current price and the 200-day SMA at $0.16. That gap represents serious technical damage that wont heal quickly. Each bounce attempt faces increasing resistance as moving averages converge above, creating

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