Bitcoin has been trading in a tight $76,000–$78,500 consolidation zone, around 38% below its all-time high. A CryptoQuant report says miners still appear cautious, with Binance Pool Miner Reserve trending down while the Miners' Position Index stays negative, suggesting selling is ongoing but not panic-like. Bitcoin was last noted at $77,763, down almost 5% after failing to hold above $83,000 during last week's rally.

Aletheia said in a report released Wednesday that it reviewed the first six trading days of Hyperliquid spot ETFs launched by 21Shares and Bitwise. On a market-cap-adjusted basis, the products beat Bitcoin flows on three of six days and exceeded Ethereum inflows on five of six days. The report also noted HYPE near prior highs, with CoinGecko data showing $51.88 at the time of writing and a weekly gain of 33%.

XRP exchange-traded funds have attracted more cumulative capital than Solana ETFs, despite SOL showing stronger price performance for much of the year. Since launching in November 2025, XRP ETFs have taken in $1.39 billion versus $1.12 billion for Solana ETFs launched in October. The analysis argues the gap is tied more to regulatory and institutional factors than to network upgrades or price action.

Bitcoin failed to break above the $83,000 area and was trading around $76,750 as of Tuesday evening, down nearly 5% over the past week. Ali Martinez said BTC could rebound toward $94,850 if it stays above $72,960, but warned a break below that level could drag price toward the realized price near $54,270.

Goldman Sachs changed its crypto-linked ETF positioning in an SEC filing, fully removing XRP- and Solana (SOL)-related products while reducing its Ethereum (ETH) ETF exposure by about 70%. The disclosure also shows the firm still held roughly $700 million in Bitcoin ETFs and initiated a new Hyperliquid-related position valued at about $3.3 million.

Bitcoin falling below $80,000 has eroded some of the optimism that followed the Senate Banking Committee's CLARITY Act markup on Thursday. May 12 CPI data showed headline inflation at 3.8% YoY and core CPI at 2.8%, which analysts argue could weigh on risk sentiment across BTC, Ethereum, and Solana. The Fed's benchmark rate remains 3.5% to 3.75% after three straight meetings, with markets pricing about a 30% chance of a hike by year-end.

Crypto prices rose Thursday after the Senate Banking Committee advanced the CLARITY Act. Bitcoin climbed to $81,899 (about +2.7%) while XRP jumped above $1.50 with gains of more than 6%, a level it had not reached since March. Despite the move, the legislation still faces additional votes and procedural steps before it can become law.

The 309-page draft text of the US CLARITY Act was released Monday night ahead of a Senate markup scheduled for Thursday, drawing renewed focus on XRP’s regulatory positioning. Market commentator Bull Winkle argues the draft’s “network token” category and specific provisions could support XRP’s structure and prior court-related interpretations, while noting the bill remains a negotiable draft.

Bitcoin's recent rally is showing signs of fading, with analysts outlining scenarios that could extend the pullback toward $40,000 after a move above $82,000. One view frames the rebound as a "dead cat bounce," while another argues the broader bear phase may be about 55% complete at 216 days into the cycle. Separately, a market watcher said this week could represent a cycle top, citing past crash patterns and a potential liquidation risk tied to a rapid open-interest spike.