28 May 2026 - Daily crypto wrap: A challenging 24 hours for crypto markets as macro headwinds weighed on sentiment. Bitcoin dipped toward US$74,260 amid renewed US-Iran tensions and uncertainty around the Strait of Hormuz, which handles roughly 20-25% of global oil shipments. Risk assets broadly felt the pressure, though BTC showed relative resilience compared to traditional markets.
@ethereum continued to face selling pressure, trading around US$2,016 as spot ETFs extended their outflow streak to 11 consecutive days. That said, Bitmine's US$238M purchase of 111,942 ETH is a notable countersignal, institutional conviction at scale doesn't disappear quietly.
The standout mover was HYPE, reaching a new all-time high above US$64, up 25% on the week. Spot ETF inflows absorbed over 1% of market cap in just 10 trading days, a debut outpacing BTC, ETH, and
@solana ETF launches on a relative basis.
On the regulatory front, the Digital Asset Market Clarity Act cleared Senate Banking Committee, a meaningful step toward a federal framework for digital assets.
Key level to watch: BTC US$75,800, the Head and Shoulders neckline. How price responds here will shape near-term direction.
@BTCMarkets