Crypto Gaining Area

On May 24, 2026, 09:26 AM(UTC). According to Binance Market Data, BNB has crossed the 660 USDT benchmark and is now trading at 660 USDT, with a narrowed 3.11% increase in 24 hours.

Markets head into the week of May 26 with three interconnected themes dominating the outlook: the potential for an interim US-Iran peace agreement that could restore risk appetite across equities and crypto, a series of Federal Reserve and Bank of Japan speeches that may clarify the next stage of rate policy on both sides of the Pacific, and a heavy slate of US economic data headlined by the core PCE inflation index — the Fed's preferred inflation gauge — that will either reinforce or challenge the current 68% rate hike odds priced into year-end.
US markets are closed Monday May 26 for Memorial Day. CME precious metals and US crude oil futures trading is suspended at 02:30 Beijing time on May 26, US stock and Treasury futures at 01:00 Beijing time, and ICE Brent crude oil futures end earlier at 01:30 Beijing time.
The dominant theme: US-Iran interim agreement
Iran, the United States, Pakistan, and several foreign media outlets have all signaled progress in negotiations over the nearly three-month conflict, with Al Arabiya TV reporting the next round of talks is tentatively scheduled for June 5. If preliminary agreement outcomes are confirmed and implemented next week, capital markets could see a meaningful return of risk appetite — with US stocks and cryptocurrencies among the primary beneficiaries.
The stakes are significant. Oil's 55% surge since the conflict began in February has been the primary driver of inflation re-acceleration, Federal Reserve rate hike expectations, and the macro risk-off conditions that have pushed Bitcoin from $83,000 to near $74,000 over the past two weeks. A credible path to Strait of Hormuz reopening and conflict resolution would simultaneously reduce oil prices, ease inflation pressure, compress rate hike odds, and restore the risk-on backdrop that drove crypto's April recovery.
The macro calendar: key events day by day
Monday May 26 — US markets closed for Memorial Day. Reduced liquidity across futures markets. Any Iran deal developments over the weekend will be the primary price driver in early Asian and European trading.
Tuesday May 26 at 22:00 — US Conference Board Consumer Confidence Index for May. Following the University of Michigan Consumer Sentiment Index's record low reading of 44.8 last Friday, the Conference Board measure will provide a second read on household confidence. A second consecutive historically weak reading would reinforce the stagflationary narrative. Any surprise to the upside would be read as constructive for risk assets.
Wednesday May 28 at 08:00 — Bank of Japan Governor Kazuo Ueda speaks at a monetary policy conference hosted by the Bank of Japan. With Japan's 30-year bond yields having hit a record 4% last week — their highest level in history — Ueda's remarks will be closely watched for signals about the BOJ's intentions around its own rate path. Any hawkish surprise from Tokyo would add to global bond yield pressure and tighten financial conditions further for risk assets including crypto.
Wednesday May 28 at 20:15 — ADP Employment Change for the period ending May 9. An early read on private sector hiring that will set expectations ahead of the following week's official payrolls report.
Thursday May 29 at 20:30 — The week's most data-intensive session. Five releases land simultaneously: US initial jobless claims for the week ending May 23; US April core PCE price index year-on-year and month-on-month — the Federal Reserve's preferred inflation measure and the single most important data point of the week for rate expectations; US April personal spending month-on-month; revised US Q1 annualized real GDP quarter-on-quarter; and US April durable goods orders month-on-month.
The core PCE reading deserves particular attention. Unlike CPI, which has surprised to the upside for two consecutive months, core PCE strips out more volatile components and is the measure the Fed explicitly targets at 2%. If core PCE comes in above expectations — consistent with the recent CPI and PPI trend — it would add significant weight to the rate hike case and pressure risk assets. A softer reading could provide meaningful relief by creating room for the Fed to pause rather than hike.
Thursday May 29 at 20:55 — New York Fed President John Williams, a permanent FOMC voting member, delivers a keynote at a conference co-organized by the Central Bank of Iceland. Williams is among the most influential voices on the Fed's rate-setting committee. Any commentary on the current inflation outlook or rate path will move markets.
Thursday May 29 at 22:15 — St. Louis Fed President Musaleem, a 2028 FOMC voting member, speaks. Watch for any commentary on the balance between inflation risks and growth concerns.
Friday May 30 at 07:30 — Japan April unemployment rate.
Friday May 30 at 18:50 — Kansas City Fed President Schmid, a 2028 FOMC voting member, speaks.
Friday May 30 at 21:10 — Federal Reserve Governor Bowman speaks. Bowman is a permanent FOMC voting member whose views carry direct policy weight. Her commentary following the core PCE data will provide the clearest end-of-week signal of how the Fed's internal consensus is developing under Warsh's leadership.

Bloomberg reports that President Donald Trump said a peace deal with Iran has been "largely negotiated" and he plans to announce an agreement shortly that would reopen the strategic Strait of Hormuz, a crucial passageway for global energy supplies that has remained largely shuttered since the conflict began on Feb. 28. Trump wrote in a Saturday social media post that the agreement is "subject to finalization" between the US, Iran, and other countries, after meeting with advisers and speaking with leaders from Saudi Arabia, the UAE, Qatar, Pakistan, Turkey, and Israel. Secretary of State Marco Rubio said "there's been some progress" and an announcement could come in coming days, though key sticking points including Iran's nuclear program, sanctions relief, and administration of the strait remain unresolved. Oil prices have remained elevated above $100 a barrel, and Trump faces growing domestic political pressure ahead of November's midterm elections.