In today’s crypto news (May 29), the market appears to have stabilized overnight, with the price of Bitcoin climbing a modest +0.4% over the past 24 hours, to around $73,500. However, ETH USD remains in a precarious position: despite being up +0.8% on the day, it is trading at $2,010, barely holding above the key $2,000 support zone.
The daily price action for BTC and ETH comes as both assets saw ETF outflows of -$233 million and -$122 million yesterday, and while these flows are lower than yesterday, they continue a worrying trend of institutions offloading huge amounts of crypto.
The total cryptocurrency market cap also saw a period of respite, up +0.8% overnight, and is now back above $2.56 trillion as it attempts to reach $2.8 trillion before the monthly close.
Daily trading volume stood at $82.7 billion, up from $75 billion yesterday, indicating a slight increase in interest in the market heading into the weekend. However, an extension of the ceasefire between the United States and Iran could trigger a major breakthrough as June approaches.
Crypto News Today: US, Iran Reach Ceasefire Agreement and Bitcoin Barely Reacts – Delay Coming?
It was reported that US and Iranian negotiators reached an agreement in principle on Thursday (May 28) to extend the ceasefire and begin a new round of negotiations on Iran’s nuclear program, with Bitcoin barely flinching at the news.
Trump was informed of the conditions but did not approve them. The conditions include Iran opening the Strait of Hormuz and the United States withdrawing its naval blockade in stages over 60 days until the strait returns to its pre-war status.
Vice President Vance said “a few linguistic points” were still being discussed, while Treasury Secretary Scott Bessent said at the White House briefing yesterday: “It all depends on what the president wants to do. President Trump is not going to make a bad deal for the American people.”
So far, the crypto market has barely reacted to the news of a possible ceasefire; However, the lack of further downside could portend a period of consolidation before a weekend recovery and monthly close.
Iran and the United States set to extend ceasefire
The United States and Iran have reportedly reached a preliminary agreement to extend their ceasefire for another 60 days, according to Reuters.
The proposed deal would also reopen access to shipping through the Strait of Hormuz while nuclear… pic.twitter.com/KPTKLBAfXa
– BSCN (@BSCNews) May 29, 2026
On-Chain Detective Spot Strategy Moving Bitcoin to Coinbase Prime – Is Saylor About to Ditch BTC?
In other crypto news today, on-chain analytics firm @lookonchain spotted a strategic wallet moving 411.48 BTC, worth approximately $30.3 million, on Coinbase Prime. While there has been no statement from Saylor or Strategy regarding this deposit, many are speculating that the Bitcoin Treasury company is preparing to dump BTC before the monthly close.
This sentiment is supported by prediction markets, with Polymarket’s odds that Strategy will sell BTC by December 31, 2026 reaching 91%, and 74% that it will make a sale by June 30, 2026.
If Saylor does indeed start selling Bitcoin, it could lead to a serious downturn in the market, with regular purchases of Strategy BTC often seen as the only thing keeping the crypto from a more brutal crash.
(SOURCE: Polymarché)
The biggest losers and winners as crypto shows signs of stabilizing
(SOURCE: CoinGecko)
As Bitcoin holds above $73,000 (for now), it has given a few select tokens room for big moves, even though there are still plenty of red candles in the market.
While Sealcoin (QAIT), Xphere (XP), and Constellation (DAG) are all down -19% to -92% and feeling the full effect of recent price action, a few assets are up today.
Allora (ALLO) stands out as the AI crypto token is up over 200% in the past 24 hours, with Binance accounting for almost $200 million of its $477 million daily trading volume. Octra (OCT) and MetaDAO (META) are a few other strong performers, up +28% and +32%, respectively.
If the ceasefire between Iran and the United States is officially announced, it may be worth watching these strong results, as they could pave the way for any bull rally as June approaches.
XRP Ripple Reclaims $1.30 With +3% Daily Pump: What Next?
XRP Ripple is trading between $1.30 and $1.32 after a modest 24-hour gain of around +2.16%, ending a streak of lows that had weighed on traders for most of May. The recovery looks encouraging on the surface, but the levels that actually matter are still far from high. What happens during the next resistance cluster could decide whether this rebound will have legs or whether it will gently fade like the ones that came before it.
The trigger was a strong burst of volume during the session on May 28 at 2:00 p.m. UTC, when 107.9 million XRP changed hands and the price broke through resistance near $1.29. Whale wallets accumulated over 230 million XRP, worth around $335 million, during the same period, while first-transaction addresses reportedly jumped 515%.
Read the full story here.
Hyperliquid is the new darling of institutions: HYPE at $70 next?
The HYPE token is trading around $62, up +9% in 24 hours, even as broader crypto markets face pressure. And the reason for this resilience is more interesting than the price movement itself. The parent company of the New York Stock Exchange has just revealed that it has held private meetings with the Hyperliquide team.
Jeffrey Sprecher, CEO of Intercontinental Exchange (ICE), said during a conference at Bernstein on Wednesday that ICE has met with the Hyperliquid team “multiple times” to explore overlapping areas of business in on-chain perpetual futures. His now-viral quote: “How come they don’t get the same nasty letters you send us?” ”, transforms what looked like regulatory hostility into something closer to competitive envy.
Read the full story here.
Bitcoin ETF News: BlackRock IBIT Dark Pool Sells $1.3 Billion – Why Didn’t BTC Crash?
In today’s Bitcoin ETF news, Tuesday, May 26, someone sold 29 million shares of BlackRock’s iShares Bitcoin Trust in a single transaction worth approximately $1.29 billion, the largest block transaction in IBIT’s fifteen-month history. Since then, Bitcoin has fallen almost -5% before stabilizing between $73,000 and $74,000.
Here’s the central tension this article uncovers: If a $1.3 billion sale of a Bitcoin ETF can’t crash Bitcoin, what does that tell you about the current market situation?
Read the full story here.
The article Crypto News Today (May 29): BTC Holds Over $73,000 As Monthly Closing Volatility Approaches appeared first on 99Bitcoins.
