Bitcoin fell back below $70,000, trading at $69,570.36 after a 4.24% drop over the past 24 hours, while gold rose 1.26% to 4,533.95. One BTC is currently worth about 15.9 ounces of gold versus a long-term average near 63 ounces, a level described as the most "oversold" reading for 2026. The BTC/gold ratio has slid from over 30 ounces per BTC in 2025 to roughly 15–16 now, highlighting notable underperformance against the metal.

Bitcoin (BTC) traded near $72,648.22 at press time, down 1.46% over 24 hours and more than 16% year-to-date, while the S&P 500 sat around $7,580.06 with a YTD gain of over 10%. CryptoQuant metrics for January–May 2026 showed shifting BTC–S&P 500 correlations, as on-chain signals like SOPR at 0.99 and NRPL near -$27.9 million on June 1 pointed to persistent selling pressure.

On May 30, blockchain security firm Blockaid reported an exploit affecting Ethereum's Alephium TokenBridge, where forged approvals were used to move funds. The incident drained $815,000 in seven minutes and unlocked USDT, USDC, WBTC, and WETH, while attackers also minted 13.76 million wrapped ALPH without depositing ALPH.

Gravity Bridge, a cross-chain bridge linking Ethereum and the Cosmos ecosystem, was attacked on May 30, with about $5.4 million drained across USDT, ETH, USDC, and PAYG. The protocol said validators should halt validators and orchestrators while an investigation continues, and reported the bridge was halted after validator action. The incident coincided with TVL sliding from $11.82 million to $6.24 million in a day.

DEX activity has cooled sharply, with DEX volume down to $6.047 billion by 28 May after standing near $22 billion in late January 2026. Despite the broader slowdown, Uniswap ($1.428 billion), PancakeSwap ($805.97 million), and Aerodrome ($798.11 million) remained the top venues at press time. The pullback has coincided with week-on-week drops since the October 2025 crash and a crypto market-cap decline of more than 3% over the last 24 hours.

The U.S. government transferred about $1.9 million in Alameda-linked tokens—RNDR, UNI, SAND, MASK, and AXS—to Coinbase Prime, prompting debate over whether the move signals a sale or routine custody management. At publication, RNDR traded at $1.99 after a 9.5% daily drop, while SAND fell 4.47% to $0.06682, MASK slipped 4.45% to $0.4231, and AXS declined 6.05% to $1.09 amid a broader market pullback.

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.

Prediction-market pricing shifted on May 23 as Kalshi put the CLARITY Act's chance of passing before 2027 at 50%, down from nearly 75% the prior week. The same tracker showed 14% odds for approval before July 2026 and 37% before August, while Senator Cynthia Lummis argued the bill aims to "scale" Wyoming's digital-asset framework at the federal level.

The global crypto market cap stood at $2.56 trillion at publication, with altcoins at $1.097 trillion, even as Bitcoin moved back above $75,000. Despite several majors posting sharp gains, CoinMarketCap's altcoin season index was 38, implying the market is still in a Bitcoin-led phase rather than a broad altcoin season. On-chain indicators cited in the report also suggest most altcoins remain highly tethered to Bitcoin and many are still trading near their all-time lows.