Stellar shines in a scary week for cryptocurrencies with bitcoin below $70k

  • The price of stellar (XLM) is up more than 50% over the last 7 days.

  • In general, the market fears generalized falls in the midst of an adverse context.

The stellar cryptocurrency (XLM) shows great strength while bitcoin (BTC) trades below $70,000 and the market faces one of the most adverse contexts of the year.

Between May 27 and June 2, 2026, XLM went from 0.1499 to 0.2283 dollars, representing a rise of 52.3%.

Chart showing the price of stellar in the last 7 days. Chart showing the price of stellar in the last 7 days.
Stellar is trading above $0.22. Fountain: CoinMarketCap.

This move draws attention because it occurs amid a combination of negative factors, such as the escalation of the conflict between the United States and Iran, the blockade of the Strait of Hormuz (a key route for the global oil trade), and a new escalation of the war between Russia and Ukraine.

What happens is that these tensions They raise inflation expectations, generate economic uncertainty and reduce appetite for assets considered risky.including bitcoin (BTC) and cryptocurrencies.

That deterioration in sentiment can be seen in the CoinMarketCap Fear and Greed Index.

Chart showing the CoinMarketCap Fear and Greed Index over the last 12 months. Chart showing the CoinMarketCap Fear and Greed Index over the last 12 months.
The Fear and Greed Index stands at 29 points. Fountain: CoinMarketCap.

In the image above, the yellow line represents the market sentiment index, while The blue line shows the evolution of the BTC price. Currently, the indicator is located at 29 points out of 100, an area classified as “fear.”

This index seeks to measure the predominant emotional state among investors. High readings are usually associated with optimism and risk appetite, while low values ​​reflect caution, uncertainty and selling pressure. That is to say, The market is going through a period in which concerns about further declines predominate.

However, Stellar has followed a different path due to developments in its ecosystem.

DTCC and MoneyGram boost stellar price

The main catalyst behind the XLM rally was the announcement made on May 27 by the Depository Trust & Clearing Corporation (DTCC) and the Stellar Development Foundation.

As reported by CriptoNoticias, DTCC plans to enable the tokenization of US financial assets on the Stellar network during the first half of 2027.

The news carries weight because DTCC is considered a core infrastructure of Wall Street. The entity participates in the clearing, settlement and registration processes of financial operations in the United States, and supervises more than 114 trillion dollars in capital markets.

In this framework, Stellar’s participation in an initiative linked to DTCC was interpreted by the market as a sign of greater institutional adoption. Denelle Dixon herself, executive director of the Stellar Development Foundation, highlighted the relevance of the agreement and presented it as a step towards the use of this network in traditional financial infrastructure.

Added to this was the launch of MGUSD, the stablecoin of MoneyGram, the world’s second largest provider of money transfers after Western Union.

As CriptoNoticias reported today, MGUSD will work on Stellar’s infrastructure and will be integrated into the company’s payment and remittance services.

The relationship between both companies is not new. MoneyGram and Stellar have been collaborating for five years on international transfer solutions supported by decentralized network technology.

It remains to be seen if this momentum in the price of XLM can be sustained once the initial impact of these developments subsides.

Source link

Leave a Comment