Close Menu
Computing.net
    Facebook X (Twitter) Instagram
    Computing.netComputing.net
    • News
      1. AI
      2. Crypto
      3. Gaming
      4. Hardware
      5. Security
      6. Software
      7. View All

      Anthropic’s COBOL Automation Tool Triggers IBM Stock Plunge and Crypto Market Decline

      February 24, 2026

      AI Trading Bot Loses $441K in Crypto After Decimal Point Mistake

      February 23, 2026

      Tesla (TSLA) Stock: Goodbye Sedans, Hello Robots in Dramatic Production Shift

      January 29, 2026

      Palantir Technologies (PLTR) Stock: Why Bears May Be Wrong About Valuation Concerns

      January 29, 2026

      SUI Token Rallies 40% Following Major Staking Event and CME Futures Announcement

      May 12, 2026

      Chainlink (LINK) Surges to $10.40 as Network Activity Hits Eight-Month Peak

      May 12, 2026

      Dogecoin Whales Ramp Up Accumulation as DOGE Eyes Critical Breakout Levels

      May 12, 2026

      Bitcoin Holds $81K While Burry Flags Nasdaq Bubble and Oil Surges Past $105

      May 12, 2026

      Hamster Kombat: Unraveling TON’s Gaming Phenomenon

      August 7, 2024

      W-Coin: Exploring the Latest Telegram Tap-to-Earn Phenomenon

      August 7, 2024

      Hamster Kombat: 300 Million Players & Counting, HMSTR Token Airdrop Soon!

      July 31, 2024

      Hamster Kombat Developers Work with TON Team on Airdrop Solution

      July 30, 2024

      Nothing Expands Product Line with New AI Feature & Phone Update

      July 31, 2024

      Security Audit Reveals Concerns in Atari’s Blockchain Game on Base

      August 6, 2024

      SideWinder Group Targets Maritime Facilities in New Cyber Espionage Campaign

      July 30, 2024

      OAuth Implementation Flaw Exposes Millions of Websites to XSS Attacks

      July 30, 2024

      Hamster Kombat Players Face Growing Cybersecurity Threats

      July 25, 2024

      Anthropic’s COBOL Automation Tool Triggers IBM Stock Plunge and Crypto Market Decline

      February 24, 2026

      Cookie Crumble: Google Halts Plans to Eliminate Third-Party Cookies in Chrome

      July 23, 2024

      Big Brother is Watching: Apple’s Creepy New Ad Urges iPhone Users to Ditch Chrome

      July 23, 2024

      Nvidia Stock Soars to New Record at $219.44 Ahead of May 20 Earnings

      May 12, 2026

      Rocket Lab Shares Surge Past $120 Following Wave of Analyst Upgrades

      May 12, 2026

      GM Shares Decline Following 600 IT Layoffs Amid Strategic AI Workforce Transformation

      May 12, 2026

      SES Delivers €847M Q1 Performance as Intelsat Integration and Aviation Deals Fuel Expansion

      May 12, 2026
    • How To

      Batch Files: Tokens and Delimiters (FOR Loops)

      July 31, 2024

      Types of Ethernet Cabling & Electrical Low Voltage Wiring

      July 9, 2024

      What You Should Know About .JSON File Extension

      January 10, 2023

      Bkup File Extension

      November 19, 2022

      HEIC File Extension

      November 19, 2022
    • Office
      1. Excel
      2. Google Sheets
      3. View All

      How to Convert Column List to Comma Separated List in Excel

      July 24, 2024

      How to Find the Last Monday of the Month in Excel

      July 24, 2024

      Convert Bytes to MB or GB in Excel: 3 Methods!

      July 24, 2024

      How to Remove Characters from Right in Excel

      July 30, 2023

      How to Subtract in Google Sheets: Complete Guide

      July 31, 2024

      Bullet Points in Google Sheets

      January 20, 2022

      Sort by Date in Google Sheets

      January 18, 2022

      Google Sheets Timestamp

      January 17, 2022

      How to Subtract in Google Sheets: Complete Guide

      July 31, 2024

      How to Convert Column List to Comma Separated List in Excel

      July 24, 2024

      How to Find the Last Monday of the Month in Excel

      July 24, 2024

      Convert Bytes to MB or GB in Excel: 3 Methods!

      July 24, 2024
    • Answers
    • About
    • Contact
    Facebook X (Twitter)
    Computing.net
    Crypto

    Market Rally: Bitcoin Surges Above $80K as Trump Launches Project Freedom Initiative

    Oliver DaleBy Oliver DaleMay 4, 2026
    Twitter LinkedIn Email Telegram
    Twitter LinkedIn Email Telegram

    Contents:

    Toggle
    • Key Highlights
    • Daily Market Update: Bitcoin and Zcash Lead Crypto Gains
    • Daily Market Update: Ethereum Validator Queue Flags Stress

    Key Highlights

    • Total cryptocurrency market capitalization reached $2.63 trillion following Trump’s announcement of the Strait of Hormuz civilian vessel escort initiative
    • Bitcoin crossed the $80,000 threshold during this trading session, registering a 2.29% daily increase
    • Zcash surged 10% across 24 hours, penetrating a critical resistance barrier that held for multiple months
    • Stock index futures for S&P 500, Nasdaq, and Dow all registered gains during Sunday evening trading hours
    • Iranian officials acknowledged receipt of a United States peace proposal, increasing optimism for tension reduction

    On May 3, Trump unveiled “Project Freedom” — a United States military initiative designed to provide safe passage for commercial shipping vessels navigating the Strait of Hormuz, with operations commencing May 4.

    ⚡️JUST IN: U.S. TO ESCORT SHIPS OUT OF STRAIT OF HORMUZ

    Trump says the U.S. will launch “Project Freedom” to guide neutral ships stranded in the Strait of Hormuz to safety starting Monday.

    He called it a humanitarian effort, warning any interference would be met with force. pic.twitter.com/pdl89U126x

    — Coin Bureau (@coinbureau) May 3, 2026

    Market participants interpreted this action as a signal toward reduced conflict. Trump characterized the ongoing diplomatic exchanges with Iran as “very positive,” while Iranian authorities acknowledged receiving a formal United States communication regarding their most recent peace initiative, delivered through Pakistani diplomatic channels.

    Crude oil markets responded with declining prices. West Texas Intermediate and Brent crude both retreated as geopolitical risk premiums associated with the strategic waterway diminished, redirecting investment flows toward equity and cryptocurrency markets.

    United States equity index futures advanced during Sunday evening hours. Contracts for the S&P 500 increased 0.2%, Nasdaq 100 futures climbed 0.1%, and Dow futures appreciated 0.2%. These movements extended Friday’s powerful session that saw both the S&P 500 and Nasdaq close at all-time peaks.

    E-Mini S&P 500 Jun 26 (ES=F)
    E-Mini S&P 500 Jun 26 (ES=F)

    Cryptocurrency markets demonstrated stronger momentum. Aggregate market capitalization advanced 1.88% to reach $2.63 trillion, accumulating $47.96 billion since Sunday’s closing figures. The sector has maintained trading activity within an upward-sloping channel structure since February 24 and currently approaches the upper channel boundary positioned at $2.65 trillion.

    Daily Market Update: Bitcoin and Zcash Lead Crypto Gains

    Bitcoin surpassed the $80,000 level with a 2.29% session advance. Market analysts Tom Lee and Raoul Pal both highlighted short interest positions reaching historically depressed levels. Lee characterized the recent price softness as a “hidden bear phase” fueled by liquidity contraction. Pal identified the movement as a mid-cycle pullback.

    Bitcoin (BTC) Price
    Bitcoin (BTC) Price

    Zcash emerged as the top performer among the leading 100 cryptocurrencies, advancing 10% during the 24-hour period after breaking through a resistance threshold that remained intact for several consecutive months.

    From a technical analysis perspective, the 50-day moving average crossed upward through the 100-day moving average during early May. A daily settlement above $2.65 trillion would establish a trajectory toward the 200-day moving average located at $2.81 trillion. Should momentum weaken, support zones exist at $2.56 trillion and $2.49 trillion.

    Daily Market Update: Ethereum Validator Queue Flags Stress

    Ethereum experienced a dramatic 72,000% increase in its validator exit queue, reaching 433,158 ETH. This spike occurred following $625 million worth of DeFi security breaches throughout April, with the most significant incident being a $292 million compromise of KelpDAO’s bridge infrastructure, traced to North Korea’s Lazarus Group.

    The entry queue maintains substantially larger proportions at 3.6 million ETH, representing seven times the volume of pending exits, indicating the network faces no widespread validator abandonment.

    CENTCOM has mobilized 15,000 military personnel, guided-missile destroyers, more than 100 aircraft, and unmanned operational platforms as components of the Project Freedom operation that launched May 4.

    Share. Twitter LinkedIn Email Telegram
    Oliver Dale
    • Website
    • X (Twitter)
    • LinkedIn

    Editor-in-Chief of Computing.net and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact Oliver@blockonomi.com

    Related Posts

    Nvidia Stock Soars to New Record at $219.44 Ahead of May 20 Earnings

    May 12, 2026

    Rocket Lab Shares Surge Past $120 Following Wave of Analyst Upgrades

    May 12, 2026

    GM Shares Decline Following 600 IT Layoffs Amid Strategic AI Workforce Transformation

    May 12, 2026

    SES Delivers €847M Q1 Performance as Intelsat Integration and Aviation Deals Fuel Expansion

    May 12, 2026

    Trump Dismisses Iran Peace Proposal — Oil Markets React as Hormuz Remains Restricted

    May 12, 2026

    Roaring Kitty’s Deleted Posts Trigger Wild GameStop Stock Swings

    May 12, 2026
    Add A Comment

    Comments are closed.

    Latest

    Nvidia Stock Soars to New Record at $219.44 Ahead of May 20 Earnings

    May 12, 2026

    Rocket Lab Shares Surge Past $120 Following Wave of Analyst Upgrades

    May 12, 2026

    GM Shares Decline Following 600 IT Layoffs Amid Strategic AI Workforce Transformation

    May 12, 2026

    SES Delivers €847M Q1 Performance as Intelsat Integration and Aviation Deals Fuel Expansion

    May 12, 2026

    Trump Dismisses Iran Peace Proposal — Oil Markets React as Hormuz Remains Restricted

    May 12, 2026
    • Facebook
    • Twitter

    Latest Reviews

    Meta Platforms Shares Tumble 8% Despite Strong Q1 Performance Amid AI Investment Surge

    April 30, 2026

    Flush.com Review: Casino & Sportsbook With 275% Welcome Bonus

    March 7, 2026

    Katsubet Review: Crypto Casino With 300% Welcome Bonus & Free Spins

    March 7, 2026

    7Bit Review: Crypto Casino With 325% Bonus & 250 FS

    March 7, 2026

    Mega Dice Review: Crypto Casino With 200% Bonus & 50 Free Spins, Legit?

    March 7, 2026


    Home / Privacy Policy / Terms & Conditions

    Computing.net © 1996 - 2026 Kooc Media Ltd. All rights reserved. Registered Company No.05695741

    Type above and press Enter to search. Press Esc to cancel.