Bitcoin was trading around $77,000 on May 24, 2026 after failing again near the 200-day moving average at $82,000-$83,000, keeping traders focused on whether $60,000 could be revisited. Over the prior two weeks, spot Bitcoin ETFs saw $2.26 billion of net outflows while perpetual swap funding stayed negative for 81 straight days, two signals pointing to cautious positioning. Analysts highlighted $81,000-$85,000 as resistance and $75,000-$76,000 as a key support zone to hold.

Bitcoin rebounded above $77,000 on May 24, 2026 after sliding to $74,500 on Saturday and then recovering within hours. The move followed Donald Trump's remarks about a near-finalized U.S.-Iran peace understanding that referenced reopening the Strait of Hormuz. Data also showed $328.97M in liquidations for the day, including $190M in longs and $138.97M in shorts.

On 22 May 2026, Intercontinental Exchange (ICE) and OKX said they launched perpetual oil futures tied to ICE Brent and West Texas Intermediate (WTI) benchmarks. The products have no expiry date and are set to be offered to OKX's 120 million retail users in jurisdictions where the exchange holds the required licenses. The rollout follows ICE's March 2026 strategic equity investment in OKX at a $25 billion valuation.

Bitcoin was trading around $76,700 on May 19, 2026, down 4.63% over the past seven days, as liquidity across major crypto assets continued to thin. Weekly spot volume for the top 10 digital assets is averaging $80B in 2026 versus $178B in 2025, a shift that analysts say is consistent with fading momentum and weaker rallies.

Ethereum traded around $2,171 on May 16, down 2.3% on the day and about 6% over the week, while holding a $2,100–$2,150 support area near the 100-day SMA. Spot Ethereum ETFs logged $65.7M of net outflows on May 15, extending the streak to five straight negative sessions. RSI near 38 suggests weakening momentum, but the setup remains unconfirmed without a daily close above the Fibonacci 0.382 level.

Bitcoin was turned back at the 200-day SMA and slid toward the $77,500 support area after trading above $81,000 earlier in the week. U.S. spot Bitcoin ETFs posted broad net outflows totaling about 3,670 BTC, while macro data including a 1.4% monthly PPI and 3.8% annual CPI weighed on rate-cut expectations.

Bitcoin’s global hashrate slipped nearly 6% from 1,066 EH/s at the end of Q1 2026 to 1,004 EH/s by Q2, alongside mining revenues hitting a 14-month low. The US, Russia, and China still represent about 65% of network computing power, while Paraguay and Ethiopia increased share by leveraging low-cost hydropower. The report also notes older rigs becoming unprofitable above $0.06/kWh and a policy push in the US tied to hardware supply risks.

Development data tracked over the past 30 days highlights widening gaps among leading DeFi protocols, with Chainlink (LINK) ranked first and DeepBook (DEEP) second. Key milestones include Swift and major banks completing Chainlink CCIP tokenized-transfer trials on April 5, 2026, Aave V4 launching on Ethereum mainnet on March 30, 2026, and Euler reporting more than $100 million in new deposits across Base, Swell, and Sonic.

Sen. Bill Hagerty said the CLARITY Act could enter the Senate Banking Committee work period starting April 14 and clear the panel by late April 2026. Separately, Sen. Cynthia Lummis said the stablecoin portion is "99% resolved," with leaders aiming for a full Senate vote before May. The FDIC is also set to finalize federal stablecoin issuance rules on April 7 following the GENIUS Act signed in July 2025.