Bitcoin edged back above $77,000 on Monday after dipping to roughly $74,000 over the weekend. The reversal followed a statement from US President Donald Trump on the state of affairs with Iran and the potential for a permanent peace. Analysts now hint the ceasefire could be extended another 60 days.
Trump's Iran statement
Trump's remarks came Saturday as the market was sliding. The price bottomed near $74,000 before snapping back. The move wasn't huge — roughly 4% roundtrip — but it snapped a short-lived downtrend. Traders are now watching whether the ceasefire extension actually materializes. If it holds, it removes one source of geopolitical uncertainty that's been hanging over risk assets.
ETF outflows mount
Spot Bitcoin ETFs just logged one of their worst weeks on record. From May 18 to May 22, the funds bled more than $1.2 billion in outflows. That's the kind of number that gets people's attention. Ethereum ETFs also suffered, though flows into products tracking SOL, XRP, and HYPE rose. The shift suggests some institutional money is rotating out of the two biggest crypto assets into smaller names.
Altcoin action: HYPE cools, DEXE surges
HYPE, last week's breakout star, is still up more than 40% over seven days but the momentum is fading. It's now the 11th-largest project by market cap. Over the past 24 hours most altcoins traded flat: ETH unchanged, BNB up 0.5%, TRX up 0.3%, while XRP, SOL, DOGE, and ADA each slipped about 0.3%. The real action was in smaller tokens — DEXE jumped 20%, STABLE gained 15%, and XDC Network climbed 9.6%. On the flip side, UNI dropped 2.7%, followed by Kaspa and Sui.
What's ahead this week
Economic data will keep traders busy. Tuesday brings May consumer confidence numbers. Thursday is a double-header: April's PCE inflation data and US Q1 2026 GDP. If PCE comes in hot, the rate-cut narrative takes another hit. If GDP disappoints, the old stagflation fears could resurface. Either way, it's a lot of potential volatility for an already jittery market. The big question: can Bitcoin hold $77,000 through the data dump, or will the ETF outflows drag it lower?
