Bitcoin pulled back from the $77,800 area after failing to hold above $77,000, keeping price action below $76,800 and the 100-hour simple moving average. The BTC/USD pair also broke under a declining channel support at $76,250 on the hourly chart, with downside risk discussed below $75,500 and supports highlighted at $75,550 and $75,000.

President Donald Trump wrote in a Tuesday Truth Social post that the CFTC should retain exclusive federal authority over prediction markets, while urging states to stop restricting the sector. He also argued the U.S. needs to safeguard its position as a leading crypto hub, linking prediction markets’ growth and enforcement debates to broader Bitcoin and crypto policy.

Grayscale said on May 26 that Elon Musk’s SpaceX could become the most valuable public company holding bitcoin if it completes an expected IPO in June. SpaceX’s S-1 lists 18,712 BTC under digital assets, while Grayscale expects Strategy to remain the largest public-company holder by BTC amount. The post also points to prediction-market ranges suggesting a $2 trillion–$2.5 trillion debut valuation as key to that ranking shift.

Bhutan has moved 90 Bitcoin valued at $7 million to a SegWit address, in a transfer that may reflect either a potential sale setup or internal custody reorganization. Since the start of 2026, it has sent $237.39 million worth of BTC from its wallets to SegWit addresses, leaving total Bitcoin holdings at $234.03 million. The country is still ranked among the top 10 sovereign Bitcoin holders, with its position cited as seventh.

Bitcoin remained rangebound for a fourth week, with support near $74,000 and resistance between $78,000 and $80,000. An intraday push to $78,164 was met by positioning dynamics in which underwater longs and profitable shorts likely exited around breakeven. Market commentary also pointed to liquidity building fastest around $75,675 to $75,700, while sell pressure appeared concentrated from $77,700 upward.

Bitcoin has remained under selling pressure and failed to regain momentum above $80,000 earlier this month, while buyers have continued defending the $75,000 area. Spot trading activity has weakened sharply, with data showing an 81% drop in Binance’s spot volume since October 10 and similarly steep declines on other major exchanges. BTC is consolidating near $76,800 after rejecting around $82,000, leaving traders focused on whether support holds or breaks.

On Tuesday morning, bitcoin fell about $2,000 in roughly three hours, slipping under the $76,000 support area after topping $78,000 earlier in the session. The move followed reports of military exchanges involving U.S. and Iranian forces in the Strait of Hormuz and was accompanied by nearly $350 million in crypto-market liquidations, including $73 million in BTC long liquidations.

Roswell, New Mexico has accumulated 0.173 BTC in an official Strategic Bitcoin Reserve funded solely by anonymous donations since April 2025. The city’s ordinance requires all donated Bitcoin to be held for at least 10 years, and after the reserve exceeds $1 million, it limits spending to 21% at five-year intervals. The wallet has shown no outflows, with the reserve’s value changes tied to BTC price moves rather than municipal purchases.