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Bitcoin’s strong rally toward the $78,000 level lost momentum quickly after the asset faced a sharp rejection that erased roughly $3,000 from its value within hours.

While most major altcoins posted weak performances, RAIN emerged as the market’s biggest winner after an explosive rally pushed the token to a new all time high.

Bitcoin Rally Reversed at $78K

After climbing above $82,000 earlier this month, Bitcoin entered a prolonged correction phase that intensified in recent days.

The leading cryptocurrency first slipped below the $80,000 mark on May 16 before sellers increased pressure, eventually dragging BTC below $74,500 on May 23. That level marked Bitcoin’s lowest price point in more than a month.

The market rebounded shortly afterward following comments from Donald Trump suggesting that the United States and Iran were moving closer to a lasting peace agreement. Bitcoin reacted positively and surged to around $77,500 before briefly retracing.

Momentum continued yesterday as BTC climbed back to the $78,000 level for the first time in several days.

However, sentiment shifted again after reports indicated that tensions and strikes involving the US and Iran had resumed rather than eased. Bitcoin quickly dropped to $76,000 before sliding further to nearly $75,200 earlier today.

The decline also came amid reports of a massive sale linked to BlackRock’s IBIT ETF, which analysts believe may have contributed to the sudden market weakness.

Despite the volatility, Bitcoin has managed a modest recovery and is currently trading close to $76,000 again. Its market capitalization has fallen to approximately $1.52 trillion, while its dominance over the altcoin market remains around 58%.

RAIN Leads Altcoin Market With Massive Rally

RAIN delivered the strongest performance among the top 100 cryptocurrencies by market capitalization, surging more than 44% and reaching a fresh all time high near $0.012.

Other notable gainers included ICP and UB, which posted gains of around 15% and 10% respectively, although both lagged far behind RAIN’s explosive move.

On the downside, NEAR recorded one of the steepest losses among major altcoins after dropping more than 8%. ZEC also declined by roughly 6%, while CC, ONDO, and WLFI remained deep in negative territory for the day.

Ethereum fell below the $2,100 level, while XRP continued to struggle beneath $1.35.

Meanwhile, HYPE moved closer to its own all time high after gaining around 4% over the past 24 hours.

The total cryptocurrency market capitalization has managed to hold above the $2.6 trillion level and currently sits roughly $20 billion higher.#crypto#cryptonewshttps://coinsignals.net https://t.me/coinsignalpublic

Bitcoin experienced a sharp decline earlier, briefly falling to nearly $75,000 as the asset lost around 2% within the day. The sudden selloff caught many traders off guard and sparked speculation across the crypto market.

Several analysts now believe the drop may be linked to activity surrounding BlackRock and its spot Bitcoin ETF, IBIT.

Massive IBIT Block Trade Raises Questions

Market observers pointed to an enormous IBIT block sale worth approximately $1.289 billion that was reportedly executed through a dark pool by an unidentified party at around 10:30 AM yesterday.

Well known ETF analyst Eric Balchunas stated that the transaction involved nearly 29 million shares, making it one of the largest trades seen for the ETF and potentially one of the biggest ever recorded.

Rumors have since emerged suggesting that the move could result in the largest single day Bitcoin ETF outflow on record.

Many traders also noted that the timing of the massive block trade closely matched Bitcoin’s rapid downward movement on market charts.

Concerns Over Market Liquidity Grow

The incident has reignited concerns about concentrated liquidity within the crypto market, especially as institutional participation continues to expand.

Large investment firms and corporate treasuries holding substantial amounts of Bitcoin have increased the market’s exposure to sudden liquidity shocks, making sharp price swings more likely when major positions are moved.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

A newly submitted proposal could significantly enhance the XRP Ledger’s automated market maker system by introducing flexible pricing curve options designed to better handle the fast moving nature of crypto markets.

The draft proposal, titled “AMM Swappable Curves,” was submitted to the XRPL Standards repository on May 26 by Roman Thpt and Denis Angell. It is currently listed as a draft amendment and seeks to expand upon XLS 30, the existing AMM framework on the XRP Ledger.

New Flexibility for XRPL Liquidity Pools

The proposal aims to move XRPL’s automated market maker beyond its current single constant product model by introducing a modular curve architecture.

If approved, users launching AMM pools would be able to choose from multiple pricing curve models at the time of creation.

The initial curve options outlined in the proposal include:

• The existing constant product model currently used on XRPL

• A concentrated liquidity model similar to Uniswap v3

• A StableSwap inspired model optimized for correlated assets such as stablecoins

The proposal also mentions future support for a weighted Balancer style curve as well as a fully programmable smart AMM framework.

Why the Proposal Matters

The main objective behind the amendment is to improve capital efficiency and increase market flexibility across the XRP Ledger ecosystem.

Under the current XLS 30 system, liquidity is distributed across the entire price range, which can reduce efficiency for assets that usually trade within tighter price bands.

By introducing concentrated liquidity, liquidity providers would gain the ability to focus their capital within selected price ranges, potentially improving returns and reducing inefficiencies.

The StableSwap style model would also offer smoother and more efficient trading for assets that maintain closely linked values, such as stablecoins.

Backward Compatibility Remains Intact

The proposal is designed to remain fully compatible with existing AMM pools already operating on XRPL.

Current pools would continue using the standard constant product curve, while newer curve models would operate under separate ledger keys. This structure would allow several AMM pools for the same trading pair to exist simultaneously, each using different pricing mechanisms.

If implemented, the upgrade could make XRPL’s native AMM system far more competitive with modern decentralized exchange architectures while giving developers more advanced tools to adapt to varying market conditions across the crypto sector.#crypto#cryptonewshttps://coinsignals.net https://t.me/coinsignalpublic

Analysts remain optimistic about Ethereum’s long term outlook, although they believe the market could experience further downside before a major rally begins.

Crypto investor known as “DeFi Dad” stated on Tuesday that once Ether breaks above the $5,000 mark, the asset could enter a powerful upward trend similar to Bitcoin’s explosive growth nearly a decade ago.

He argued that the previous market cycle failed to properly reflect Ethereum’s expanding ecosystem despite major developments involving institutional adoption, stablecoins, and exchange traded funds.

According to him, Ethereum’s fundamentals simply needed more time to align with market prices, adding that crypto markets often experience sharp overcorrections before recovering strongly.

Ethereum Could Reach $20K or Drop to $1,500

DeFi Dad projected that ETH could climb nearly tenfold to around $20,000 during the next bull cycle by following price patterns similar to Bitcoin’s 2017 rally. He expects major gains between 2027 and 2028 once the current bearish phase ends.

To support the prediction, he compared Ethereum’s potential recovery to Bitcoin’s historic rise from $2,000 to $20,000 in 2017, using that 12 month fractal pattern as a possible roadmap for ETH after the market bottoms out.

However, some analysts believe Ethereum may still face another steep decline before any sustained rally begins.

Market analyst “Chain Mind” warned that ETH could fall back toward the $1,500 level if current support zones fail to hold.

According to the analyst, Ethereum is approaching a decisive moment where maintaining support could trigger a recovery, while losing it could result in a sharp selloff toward lower levels.

A breakdown would effectively reset the trend back to price levels last seen in October 2023 and April 2025, periods when Ether previously crashed to long term support around $1,500.

“This is the crucial moment for ETH,” the analyst emphasized.

Analyst Alex Marzell also noted that Ethereum remains supported above $2,050 for now, but warned that a clear breakdown below that area could accelerate losses toward the $1,800 support zone.

Negative Sentiment Weighs on Ethereum

Bearish sentiment surrounding Ethereum has intensified recently following growing criticism of the network and departures from prominent community figures.

Among them was David Hoffman, who reportedly exited his Ethereum holdings entirely.

The negative market mood has continued to pressure prices, with ETH struggling to remain above the $2,100 level.

Ethereum dropped to an intraday low of $2,060 during Wednesday morning trading and has declined nearly 10% over the past two weeks.

The asset has spent the last four months moving within a consolidation range, but current price action suggests it may be drifting toward the lower end of the channel and potentially below the key psychological support level at $2,000.#crypto#cryptonewshttps://coinsignals.net https://t.me/coinsignalpublic

Uniswap accounted for 41% of malicious websites connected to crypto phishing campaigns uncovered by SEAL researchers in March.

A fraudulent website posing as Uniswap is stealing funds from several crypto wallets. Prominent on chain analyst known as “b block” warned that the scammers currently hold at least $400,000 in stolen assets.

Users have been advised to use only official links and verify protocols through DefiLlama.

Uniswap Becomes the Most Targeted Platform

The latest development comes a month after security group SEAL revealed a sharp increase in malicious Google Ads aimed at crypto users. The group discovered that attackers were impersonating leading DeFi platforms, wallets, and trading apps to steal digital assets.

SEAL disclosed that it blocked more than 356 malicious Google ad URLs linked to crypto scams targeting users of platforms such as Uniswap, Morpho Finance, PancakeSwap, Hyperliquid, CoW Swap, and 1inch.

According to the report, attackers relied on hacked or fraudulently acquired Google advertiser accounts while using cloaking, fingerprinting, and nested frame delivery systems to evade Google’s automated review process. Many fake ads also exploited trusted Google services such as sites.google.com and docs.google.com to appear credible in search results.

SEAL identified crypto drainer families including Inferno Drainer and Vanilla Drainer as the malware most frequently used in these campaigns. These tools trick users into signing malicious wallet transactions or submitting recovery seed phrases on cloned websites, giving attackers complete access to wallet assets.

The security group further explained that the sophisticated infrastructure behind the attacks used Cloudflare Workers, Arweave hosted payloads, traffic redirection systems, and proxy layers capable of intercepting Ethereum RPC requests and monitoring user activity in real time.

Uniswap emerged as the most impersonated platform and represented 41% of all tracked malicious websites.

Between March 13 and March 30, confirmed and unattributed losses connected to these campaigns exceeded $1.27 million, although SEAL believes the true figure is much higher.

Phishing Campaigns Continue to Spread

While the recent Uniswap related scams centered on fake websites and malicious Google Ads, another phishing campaign earlier this year targeted users of Ledger through fraudulent emails.

The attack followed a data breach involving Ledger’s third party e commerce partner, Global-e, which exposed customer contact details and order information.

Scammers falsely claimed in emails that Ledger and Trezor had merged and instructed users to migrate their wallets through fake websites requesting 24 word recovery phrases. The phishing pages closely imitated the official branding and communication style of both companies.

More recently, David Schwartz warned about another phishing campaign involving fake security alerts disguised as emails from Robinhood. The emails passed authentication checks because attackers exploited Robinhood’s account creation process, making the messages appear authentic.

The phishing email claimed there was a new login from a “Phone 17 Pro” and urged users to review suspicious activity through a “Review Activity Now” button. Victims who clicked the button were redirected to credential theft pages.

Robinhood later acknowledged the issue but confirmed that no systems were breached and no user funds were compromised.#crypto#cryptonewshttps://coinsignals.net https://t.me/coinsignalpublic

Growing short positions across US equity markets are beginning to reshape discussions around Bitcoin’s evolving role within the global financial system.

According to CryptoQuant contributor WIN Japan, the current market environment, driven by aggressive hedging strategies, concentrated artificial intelligence related trades, and elevated leverage, could eventually direct more institutional capital toward Bitcoin if liquidity conditions improve later this year.

Wall Street Hedging May Be Changing Bitcoin’s Market Behavior

In a recent market analysis, WIN Japan argued that rising short interest across US stocks should not automatically be interpreted as outright bearish sentiment.

Instead, hedge funds appear to be increasing defensive positioning while still maintaining long exposure to the broader market.

The analyst noted that hedge fund gross leverage has climbed to approximately 293%, while short exposure against the S&P 500 has reached record levels alongside elevated Days to Cover metrics.

Much of the pressure appears concentrated around heavily crowded AI focused mega cap stocks, while weaker sectors and smaller companies continue attracting significant short positions.

According to WIN Japan, this broader setup matters for Bitcoin because the cryptocurrency has historically traded closely alongside equities during periods of financial panic.

During the 2020 COVID market collapse, for example, Bitcoin fell sharply together with stocks rather than behaving like a traditional safe haven asset.

However, the analyst believes that relationship began changing during 2025.

While the S&P 500 has remained relatively stable within a tighter trading range, Bitcoin has experienced much larger swings influenced by ETF demand, leverage driven activity, and crypto specific liquidity flows.

As a result, WIN Japan suggested that Bitcoin may increasingly evolve into a hybrid asset class that still reacts to broader macroeconomic liquidity conditions while also becoming more capable of moving independently from traditional equities.

The analyst added that a combination of Federal Reserve easing, a weaker US dollar, and renewed ETF inflows could position Bitcoin as a secondary destination for global liquidity rather than simply another tech correlated risk asset.

Bitcoin Remains Volatile Amid Geopolitical Tensions

Bitcoin briefly dropped toward the $74,000 level over the weekend before rebounding above $77,000 following reports of potential progress toward a ceasefire agreement involving the United States and Iran.

However, at the time of writing, BTC had once again slipped slightly below the $77,000 mark and remains nearly 30% lower over the past year.

On Chain Activity Slows as Traders Watch Key Price Levels

At the same time, Bitcoin’s ongoing consolidation phase has been accompanied by a notable decline in network activity.

Crypto analyst Ali Martinez revealed that active Bitcoin addresses dropped almost 40% within two weeks, falling from approximately 821,000 to 494,000.

According to Martinez, weaker network activity during sideways price action often indicates that short term traders are leaving the market while long term holders continue retaining supply.

He also noted that derivatives traders appear increasingly positioned for a major breakout, with funding rates recently climbing to 0.4%, their highest level in more than two months.

Additional on chain data showed that large Bitcoin holders redistributed more than 18,000 BTC during the recent consolidation period.

Martinez identified the $78,000 region as a major resistance zone and highlighted $76,000 as an important support level.

In his view, a breakout above resistance could open the door for a move toward $85,000, while losing support may push Bitcoin back toward the mid $60,000 range.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Michael Saylor’s company, Strategy, surprised parts of the crypto market this week after announcing that it would repurchase its own convertible bonds instead of increasing its Bitcoin holdings.

While the decision initially raised questions among investors, crypto analyst Darkfost argued that the move reflects broader financial market conditions rather than any loss of confidence in Bitcoin.

According to the analyst, the choice highlights growing concerns within equity markets as the difference between stock returns and bond yields has narrowed to levels not seen since the dot com bubble.

Shrinking Equity Risk Premium Raises Market Concerns

Darkfost pointed to the declining equity risk premium as a major factor behind the decision.

The equity risk premium measures the additional return investors expect from stocks compared to safer fixed income assets such as bonds. When that premium shrinks, equities become less attractive relative to bonds.

According to the analyst, the current premium has fallen to its lowest level since the year 2000.

He explained that the situation is being driven by a combination of elevated bond yields and continued strength in the S&P 500, which remains near record territory. As a result, the traditional advantage of holding equities has become increasingly compressed.

Darkfost believes this environment could eventually trigger a major rotation of capital across financial markets.

Although he did not predict exactly when such a shift could occur, he warned that current conditions are increasing risks within the equity market.

Strategy’s Bond Buyback Seen as a Financially Strategic Move

The analyst argued that Strategy’s decision to repurchase its own debt reflects financial discipline rather than hesitation toward Bitcoin.

The company is buying back its 0% convertible senior notes due in 2029 at a discount, reportedly spending around $1.38 billion to retire approximately $1.5 billion in face value debt.

By doing so, Strategy reduces the risk of future share dilution while strengthening its balance sheet.

The company had previously disclosed plans to repurchase roughly $1.5 billion worth of these notes and stated that Bitcoin sales could potentially be used as part of the funding process.

During a May 21 interview with Natalie Brunell, Saylor himself did not rule out the possibility of selling some Bitcoin before the end of the year.

Bitcoin Accumulation Slows After Massive Purchase

The bond repurchase announcement arrived shortly after one of Strategy’s largest Bitcoin acquisitions of the year.

On May 18, the company purchased 24,869 BTC for approximately $2.01 billion.

That acquisition increased Strategy’s total Bitcoin holdings to 843,738 BTC, acquired at an average price near $75,700 per coin.

At the time of writing, Bitcoin was trading around $77,000, down roughly 0.8% over the past 24 hours and nearly 39% below its all time high above $126,000 reached in October 2025.

Darkfost noted that if investors begin rotating capital away from equities, assets such as Bitcoin could eventually benefit. However, he also acknowledged that high bond yields could attract a significant share of those flows as well.

Despite market concerns, the analyst emphasized that Strategy’s actions do not suggest that Saylor has lost confidence in Bitcoin. Instead, he described the discounted bond buyback as a calculated financial decision made in response to changing market conditions.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Hyperliquid has expanded its prediction market offerings by introducing macroeconomic event based trading, deepening the platform’s push into the growing prediction market sector.

The new additions come only weeks after the protocol launched its first outcome based trading products.

At present, the platform supports prediction markets tied to two major economic events:

May Consumer Price Index year over year data

June Federal Reserve interest rate decision

Although these newly launched markets currently show relatively low open interest, Hyperliquid’s original Bitcoin daily prediction market has already gained traction. The “above or below” Bitcoin market generated approximately $140,000 in trading volume over the past 24 hours.

HYPE Reaches New All Time High

The expansion into macro prediction markets comes as HYPE continues its impressive rally.

The token surged roughly 8% within just a few hours and climbed above $64.30, setting a new all time high.

HYPE has emerged as one of the strongest performing cryptocurrencies in recent weeks. Earlier this month, the token traded below $40 before rapidly climbing to its current levels.

The rally has largely been fueled by rising institutional demand and growing excitement surrounding the Hyperliquid ecosystem.

Unlike much of the broader crypto industry, which experienced more than $1.5 billion in cumulative ETF outflows last week, HYPE related ETF products reportedly continued attracting positive inflows.

Prediction Market Volume Continues Growing

According to data from hl.eco, cumulative trading volume across Hyperliquid’s outcome based markets has already surpassed $52 million.

While those figures remain significantly smaller than established prediction market platforms such as Polymarket and Kalshi, the rapid growth is notable given that Hyperliquid’s prediction products were introduced only a few weeks ago.

The expansion suggests that the platform is increasingly positioning itself as both a trading hub and a broader prediction market ecosystem within the crypto sector.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Nathan Allman, the founder and CEO of Ondo Finance, has died unexpectedly at the age of 32, according to an official statement released by the company. No details regarding the cause of death have been made public.

Ondo described Allman as a major driving force behind the company’s growth and credited him for his leadership, vision, and commitment to building a more open and accessible financial system through blockchain technology.

Ondo Announces Leadership Transition

The company stated that Allman’s impact on both Ondo Finance and the broader cryptocurrency industry was profound and difficult to measure.

Before launching Ondo Finance in 2021, Allman worked on digital asset initiatives at Goldman Sachs. A graduate of Brown University, he went on to establish Ondo as one of the leading firms within the tokenized real world asset sector.

Under his leadership, the company introduced several major blockchain based financial products, including USDY, a yield generating stablecoin, OUSG, a tokenized US Treasury fund, and tokenized equities through Ondo Global Markets.

Following Allman’s passing, Ondo announced that company President Ian De Bode will assume the role of chief executive officer.

According to the firm, De Bode has overseen Ondo’s strategy, products, and day to day operations for more than two years and has the full backing of the leadership team.

The company stated that continuing to build the vision Allman created would be the most meaningful way to honor his legacy.

Crypto Industry Pays Tribute to Allman

Following the announcement, tributes quickly emerged from across the cryptocurrency industry.

Former Binance CEO Changpeng Zhao described Allman as a pioneer within the tokenized real world asset space.

Former Commodity Futures Trading Commission Chairman Chris Giancarlo referred to him as “extraordinarily gifted,” while Crucible founder Meltem Demirors remembered him as a kind, thoughtful, and caring individual.

Allman was widely recognized as one of the strongest advocates for bringing traditional financial assets onto blockchain networks and played a significant role in advancing the real world asset sector within crypto.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin has failed to regain strong upward momentum, with the market appearing to stall around the $77,000 level even as traditional stock markets continue pushing toward fresh record highs.

While BTC remains relatively quiet, several artificial intelligence related cryptocurrencies have posted major gains, led by Worldcoin, the Sam Altman linked project, which surged roughly 25% over the past day.

Bitcoin Rally Loses Momentum Despite Strong Stock Market Performance

At the time of writing, Bitcoin was trading slightly below $77,000, down around 0.6% over the last 24 hours and showing little movement on a weekly basis.

The cryptocurrency experienced a relatively calm trading session, fluctuating between approximately $76,500 and $77,000.

Bitcoin continues to remain in a broader correction phase, with price action staying below the descending 200 day moving average near $80,000. The market has also struggled to rebuild bullish momentum after facing rejection near the $82,000 level earlier this month.

BTC has since returned to the important support region between $74,000 and $75,000, where prior buying demand, previous local lows, and the 100 day moving average are all converging.

The subdued Bitcoin performance comes even as US stock markets continue rising and oil prices retreat sharply. Crude oil recently returned to around $90 per barrel, a level not seen in roughly three weeks.

Traders are now closely monitoring how Bitcoin performs amid ongoing geopolitical uncertainty tied to tensions involving the United States, Israel, and Iran.

Worldcoin Leads AI Crypto Rally With Massive Daily Gains

While most large capitalization altcoins remained relatively unchanged, AI related tokens experienced strong bullish momentum throughout the past 24 hours.

Ethereum, BNB, XRP, Solana, and TRX all traded within a narrow range between minor losses and modest gains.

In contrast, Worldcoin recorded one of the strongest performances in the market, climbing nearly 28% in a single day. The rally pushed its total weekly gains to roughly 60%.

Other AI focused projects also saw substantial increases. Render jumped around 16%, while Artificial Superintelligence Alliance posted gains of a similar size.

Some analysts believe the rally may reflect growing investor interest in AI infrastructure related assets, particularly following the explosive rise of the DRAM ETF, which recently became the fastest growing exchange traded fund in history.

The strong performance of AI linked cryptocurrencies could represent a broader market rotation toward AI themed investment opportunities across both traditional finance and digital assets.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic