Global stock markets hit record highs, oil prices fell to multi-month lows, and the US and Iran may extend the ceasefire agreement; these positive factors converged but failed to boost Bitcoin prices. On Friday (May 29), Bitcoin continued to consolidate at low levels after three consecutive days of sharp declines, currently trading around $73.5k, with an overall weak trend. As of now, the world's largest cryptocurrency Bitcoin remains hovering near $73,000, down nearly 6% this week. Market participants pointed out that institutional buyers are currently more focused on clear signals from US regulators rather than short-term macro news.