NordFX | CRYPTO WEEKLY | May 20–27, 2026

₿ Bitcoin: Holding, But Under Pressure BTC touched a two-month low of $74,500 mid-week before recovering to the $76,600–$77,300 range. The culprit: rising US Treasury yields crushed expectations for Fed rate cuts, pushing institutional investors toward a risk-off posture. Crypto ETPs recorded $1.47B in outflows, the second consecutive week of redemptions and the third-largest weekly outflow of 2026. Bitcoin funds led, shedding $1.32B in their largest weekly outflow of the year.

🏛 Politics: New Bitcoin Reserve Bill Lands in Congress On May 21, bipartisan lawmakers introduced the American Reserve Modernization Act (ARMA), a revised Strategic Bitcoin Reserve bill that would lock federally held BTC for at least 20 years and authorize the Treasury to acquire up to 1 million BTC over five years. The bill was introduced with 16 co-sponsors. Washington is getting serious about Bitcoin as a national reserve asset. 🇺🇸

🚀 SpaceX Reveals Secret Bitcoin Stash SpaceX disclosed in its IPO filing on May 20 that the company holds 18,712 BTC worth approximately $1.4B, more than twice what blockchain trackers had previously estimated. If the IPO proceeds as expected in June, SpaceX could become the most valuable publicly listed company holding Bitcoin. Blockchain.com also confidentially filed for a US IPO on May 21. 📋

⟠ Ethereum: Someone Is Buying the Dip Hard Treasury firm BitMine added 111,942 ETH last week and now holds nearly 4.5% of Ethereum’s total supply, including 10,000 ETH purchased directly from the Ethereum Foundation in an OTC deal. Chairman Tom Lee declared “Crypto Spring has commenced.” BitMine is also set to join the Russell 1000 index, potentially unlocking forced institutional buying.

✦ XRP: Major Network Upgrade Goes Live Today The XRP Ledger v3.1.3 upgrade activated on May 27, introducing fixes for NFTs, Permissioned Domains, Vaults and the Lending Protocol. Nodes that missed the update risk being cut off from the network entirely. High stakes for a maintenance patch. ⚙️

😄 Fun Fact of the Week A Solana meme coin called USELESS, which raised funds by promising investors absolutely nothing, still holds a market cap of around $32M in 2026. It was listed on major exchanges and never collapsed or rug-pulled its investors, making it one of the most honest projects in crypto history. Sometimes total transparency about being useless is the winning strategy. 🤷

⚠️ Trading involves risk. This is not investment advice. www.nordfx.com

🌐 NordFX | CRYPTO WEEKLY | May 20–27, 2026 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.