#Bitcoin is holding steady — but the real story is what it isn’t doing.
Since May 22, $BTC has been stuck in a tight 5% range (~$106.6K–$111.7K), even with a wave of bullish news: Trump Media plans to raise $2.5B to build a Bitcoin treasury. That’s not nothing.
And yet? Crickets.
Meanwhile, U.S. stocks are ripping. The S&P 500 is up 22% from April’s lows. But here’s the kicker: Bitcoin led that move, rallying early and now cooling off while equities play catch-up.
$BTC dominance is now over 64%. It’s towering above altcoins like $ETH and $SOL, both still wrestling with their 200-day moving averages. Market indecision is thick — we’re stuck between “blast-off” and “burnout.”
💡 Bitcoin’s current price is ~$14K above its 200DMA. Strong, but… drifting.
Options markets suggest traders are betting on more sideways action — with eyes on a breakout by July. $110K remains the key battleground.
Zoom out, though, and the crypto space is far from quiet:
🔸 Circle ($USDC) just updated its IPO plans to raise $600M at a $5.4B valuation.
🔸 Sui Foundation is stepping in to fully repay users hit by a $223M DeFi exploit.
🔸 $SUI and $CETUS prices are rebounding fast.
And we’ve got a packed macro week ahead:
📅 Fed minutes (May 28)
📅 U.S. GDP revision (May 29)
📅 NVIDIA earnings (May 28)
📅 FTX Round 2 repayments (May 30)
TL;DR:
The market’s taking a breath — but the pieces are moving. Watch for signs of life. The next leg could belong to the alts… if Bitcoin gives the green light.
