*BTC short update – Sat, May 2, 2026*
- *Price now*: ∼$78,400 - $78,800, up ∼3% today
- *Today's range*: $77,752 low to $78,735 high
- *Why it moved*: Jumped above $78K after Iran submitted a new peace proposal through Pakistan, easing Middle East tensions. Oil dropped to ∼$106, helping risk assets
*Key levels to watch*
- *Support*: $75,000 held this week as buyers defended it. Next floor $73,500
- *Resistance*: $79,000 then $80,000. A clean break above $79K opens $86K-$89K
*Macro drivers*
- *Inflation*: March PCE came in at 3.5%, highest since Aug 2023. Fed likely to hold rates
- *Oil*: Brent spiked to $126 earlier this week on Iran war fears, dragging BTC to $75.6K. Analysts say BTC needs Brent < $100 to break $80K
- *Flows*: Bitcoin ETFs had $1.97B inflows in April, biggest month of 2026
*Bigger picture*: BTC is up ∼15% in April but still ∼19% below this time last year. ATH was $126,080 in Oct 2025
#FedRatesUnchanged #AftermathFinanceBreach #U.S.SenatorsBarredfromTradingonPredictionMarkets #MuskandAltmanClashOverOpenAILawsuit #MetaandStripeReenterStablecoinPayments