Daily Market Update: Stocks Hit Record Highs, Oil Climbs, and Bitcoin Falls — Here’s What’s Moving Markets

TLDR

• U.S. spot Bitcoin ETFs saw a record 10-session outflow streak, losing $2.97 billion between May 15–29
• Bitcoin fell 4.6% over seven days to $73,397; Ethereum, Solana, and Tron also declined
• Wall Street hit record highs driven by Nvidia’s laptop market entry and SoftBank’s AI holdings
• Oil climbed above $93 a barrel as U.S.-Iran talks stalled and Strait of Hormuz concerns grew
• Hyperliquid’s HYPE token was the standout, gaining 18.7% with its new ETF logging inflows every session since launch

Bitcoin and the broader crypto market came under pressure last week as U.S. spot Bitcoin ETFs recorded their longest outflow streak on record. Meanwhile, stock markets pushed to new all-time highs, driven by excitement around artificial intelligence.

The Nasdaq Composite surged more than 8% in May. The S&P 500 gained roughly 5% for the month, and the Dow Jones Industrial Average rose nearly 3%. Futures continued climbing into Sunday night, with Nasdaq 100 futures up 0.4%.

Nvidia announced it would enter the Windows laptop market, going head-to-head with Intel and AMD. The news helped push Nasdaq futures higher. SoftBank jumped as much as 11% on its OpenAI and Arm holdings, putting it on track to become Japan’s most valuable listed company.

The MSCI All Country World Index gained 0.2% on Monday. Asian equities rose 1.1% to an all-time high, with tech indexes in South Korea, Taiwan, and Japan all setting records.

Bitcoin ETFs See Record Outflows

U.S. spot Bitcoin ETFs logged a tenth straight day of outflows on Friday, May 29. A total of $2.97 billion left these funds between May 15 and May 29, breaking the previous record of eight consecutive outflow sessions set in early 2025.

The single largest exit came on May 27, when $733 million was pulled in one day. That was the biggest single-day outflow since January.

Total net assets across U.S. spot Bitcoin ETFs dropped from $104.29 billion on May 15 to $94.17 billion by Friday. Ether ETFs are running an even longer 14-session outflow streak, with around $2.6 billion drained over the same period.

Bitcoin fell 4.6% over seven days to $73,397. Ethereum dropped the same 4.6% to $1,996. Solana fell 3.7% to $81.89, and Tron also lost 3.7%. Dogecoin slipped 1.6%.

Oil Adds Pressure as Iran Talks Stall

Oil prices climbed as efforts to reopen the Strait of Hormuz showed little progress. Brent crude rose above $93 a barrel. West Texas Intermediate gained 1.8% to just below $89 a barrel on Sunday.

President Trump said he would meet advisers to make a “final determination” on next steps with Iran, while calling for the immediate reopening of the Strait of Hormuz. Despite the weekend bounce, WTI posted its biggest monthly decline since April 2025, falling nearly 17% in May.

The stalled Iran deal and rising oil prices removed a potential macro catalyst that crypto markets had been waiting on.

The one bright spot in crypto was Hyperliquid’s HYPE token. It gained 18.7% over seven days to $73.17. The U.S. spot HYPE ETF, which launched on May 12, has seen inflows every single trading session since launch, pushing cumulative net assets above $122 million by Friday.

Investors will now turn attention to Friday’s nonfarm payrolls report, which could shape expectations for Federal Reserve interest rate decisions in the months ahead.

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