1218 GMT - Bitcoin falls as weaker short-term institutional flows and ongoing Middle East tensions offset stronger digital assets policy legitimacy, Zaye Capital Markets analyst Naeem Aslam says in a note. President Trump's move directing federal regulators to review payment-system access for fintech and crypto firms is constructive for bitcoin, he says. The creation of a strategic bitcoin reserve also strengthens long-term market positioning, he says. "However, short-term price action remains capped by [bitcoin] exchange traded fund outflows, macro caution and resistance around the upper $70,000 zone." Bitcoin falls 0.5% to $77,255, LSEG data show. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
May 21, 2026 08:18 ET (12:18 GMT)
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