Leading cryptocurrencies fell sharply on Wednesday, while stocks rallied to record highs with no breakthrough in sight for a U.S.-Iran deal.

Crypto Market Slides

Bitcoin tumbled, coming close to sinking below $74,000, while Ethereum battled bears to defend the key $2,000 support. Selling pressure intensified for XRP and Dogecoin as well.

Over $450 million was liquidated from the cryptocurrency market in the past 24 hours, with $400 million in long position erased, according to Coinglass data.

Bitcoin’s open interest fell 0.89% over the last 24 hours. Meanwhile, both retail and whale derivatives traders turned bullish, aggressively building long positions in the leading cryptocurrency

“Extreme…

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This past week saw global sovereign debt markets absolutely dump. Here’s how it might get a lot worse.

Friday saw global sovereign debt markets in free fall. Yields spiked across the board- not because of some sudden inflation panic, but because of a much deeper, more structural force at work.

The trigger?

The Strait of Hormuz is effectively shut down.That narrow waterway carries about 20% of the global oil supply(and a third of global seaborne oil). With it throttled, oil prices have shot higher, slamming net oil importers in EU, Asia, and the UK with a brutal terms-of-trade shock.

For countries like the UK and France, their trade deficit is the primary driver of their current account…

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Crypto’s “rising tide lifts all boats” mantra has broken, according to a prominent analyst, who argues that liquidity has become too scarce in the industry.

Major Shifts Reshaping Market

Analyst Crypto Cred explained on May 26 that the crypto market has fundamentally changed, pointing to four major shifts reshaping the market:

The explosion of new coins and near-zero barriers to launching tokens.

Competition from AI, semiconductors, tech stocks, commodities and 0DTE options for speculative capital.

Greater institutional and TradFi participation through ETFs and professional trading firms.

Retail liquidity spreading across countless exchanges, meme coins and niche ecosystems… Read more on Benzinga

Dogecoin (CRYPTO: DOGE) is down about 3% over the past week, with traders watching whether the meme coin can hold a key support level near $0.10.

Deeper Correction Ahead?

Crypto chart analyst Ali Martinez said Dogecoin may be setting up for a deeper correction after trading inside a parallel channel for the past three months.

The latest rejection from the channel’s upper boundary pushed DOGE back toward the midrange, which also lines up with its 50-day SMA. Martinez said this is now the most important support zone for the token.

A break below that level could open the door for a move toward the channel’s lower boundary near $0.088.

Another trader, CryptosBatman, said Dogecoin has been cooling…

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Fast Money Fled Into Tech Stocks, Leaving Bitcoin Behind

Stansberry explained on Anthony Pompliano’s podcast that Bitcoin’s gap to fair value exists because risk capital rotated aggressively into Nvidia Corporation and memory stocks, pulling money out of crypto in the process. 

Hedge fund allocations confirm the shift, with fast money concentrated in tech while Bitcoin sits largely ignored.

His Bitcoin pricing model ties fair value directly to banking system liquidity and monetary aggregates like M2, which he distinguishes from gold, which tracks global credit growth instead. 

As the Federal Reserve resumed bond purchases in December and monetary aggregates begin expanding again,…

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Crypto Bull Market Underway

In an interview with The Rollup, Hayes said the next crypto bull market is already underway, driven by a liquidity boom tied to AI capex and renewed demand for financial privacy.

Hayes argues governments in the U.S., China and Europe will keep printing money to fund AI infrastructure and national defense, with that liquidity leaking into Bitcoin and select crypto assets.

His strongest crypto themes are:

Crypto Moving Back To Fundamentals

NEAR co-founder Illia Polosukhin said crypto is moving back toward fundamentals: revenue, users, real products and token economics.

He said blockspace has become a commodity, while privacy and AI-powered agents could drive the next…

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