May wrapped up amidst the back-and-forth between the U.S. and Iran. Although bitcoin:native didn’t drop below $70,000 as many friends had expected, the ongoing geopolitical conflicts show no signs of full resolution. This has left cryptocurrencies, which lack independent narratives, struggling. Meanwhile, the U.S. stock market is still riding the AI wave for now. Just as frustrating as Bitcoin is the situation with oil prices. Even though oil prices have fallen from above $100 to below $90, it’s still considered high globally. Especially for U.S. inflation, a $10 drop is just a drop in the bucket. What’s really needed is for WTI prices to fall below $70 to curb inflation growth. But even now, there’s still no clear resolution regarding the Strait of Hormuz. I’m not too worried about oil prices eventually dropping, but I am concerned that if June doesn’t bring a significant decline, Walsh’s debut might be awkward. On one hand, he needs to follow Trump’s rate-cut strategy, but on the other hand, facing high inflation, he can’t opt for rate cuts. Especially with the dot plot coming in June, the market might become even more conflicted. Let’s hope the U.S.-Iran issue gets resolved before the World Cup. That would help ease inflation. If it’s still unresolved by then, the trouble could drag on for a longer time. Back to Bitcoin’s data: the weekend didn’t see much volatility, and trading volume remained low. Most investors are still enjoying a laid-back time. After all, bitcoin:native’s price is closely tied to U.S. macroeconomics, politics, and the economy. As long as the U.S. doesn’t face any real issues, Bitcoin won’t take a major hit. Bitget is here, and it’s VIP treatment all the way! Crypto, U.S. stocks, CFDs—get ahead globally with one-stop planning.