Bitcoin

$74,000

▲ +1.97% (24h)

S&P 500

7,580

▲ +0.22% Fri close

Crude Oil

$87.36

▼ -1.1% Fri

Gold

$4,540

▲ +1.0%

Must Know Today

BTC ~$74K, +2% on the day but down from $80K on May 8 — 6 straight days of ETF outflows ($1.55B shed since May 14)

Risk divergence: equities at records (S&P 7,580, Nasdaq ~27K, 9th weekly gain) while crypto lags hard

US-Iran ceasefire + Hormuz easing crushed oil — WTI ended May -16.2%; deal NOT yet finalized (Trump unsigned)

Fannie Mae to accept crypto as mortgage collateral; CFTC approves crypto perpetual futures — structural wins

Watch this week

US-Iran ceasefire is unconfirmed (Trump unsigned, Iran says not final) — any collapse snaps oil back. 6 straight days of BTC ETF outflows even as stocks print records: that crypto-equity divergence is the warning.