Chun Wang, the co-founder of F2Pool and a prominent figure in Bitcoin mining, has been selected to command SpaceX's inaugural human spaceflight mission to Mars—a groundbreaking two-year expedition into deep space scheduled for 2026.
Bitcoin's drop below $75,000 may trigger broader market volatility, affecting investor sentiment and price stability across cryptocurrencies. Bitcoin falls below $75,000, triggers $100M in liquidations.
Bitcoin (BTC) slipped beneath the $76,000 price level on Friday, May 22, continuing a downward trajectory that has pushed the leading digital asset into its second straight week of declining values. The cryptocurrency was changing hands at $75,933, representing a 2.3% daily decline and approximately 3% weekly loss.
Brazil's crackdown on illegal Bitcoin mining highlights increased regulatory enforcement, impacting energy theft and crypto market dynamics. Brazil busts illegal Bitcoin mining operation, seizes 1,400 rigs.
Bitcoin price crash fears are back in focus after BTC suffered another sharp rejection, wiping billions from the broader crypto market and reigniting concerns over whether the latest rally has already run out of steam.
Crypto bulls saw more than half a billion dollars wiped out in liquidations after the crypto market printed red indexes all around. The cumulative digital assets market cap dipped by more than 2% over the last 24 hours to hover around $2.53 trillion.
Bitcoin's price behavior in recent hours reflects the typical characteristics of an early-stage bull market. This was stated by Jurrien Timmer, Director of Global Macro at Fidelity Investments, after analyzing the cryptocurrency's technical structure. According to the executive, buyers refuse to cede ground despite facing an extremely solid macroeconomic resistance.
Brazil's crackdown on illegal Bitcoin mining highlights increased regulatory enforcement, impacting energy theft and crypto market dynamics. Brazil busts illegal Bitcoin mining operation, seizes 1,400 rigs in São Paulo.
California's crackdown on Hermes Bitcoin ATMs underscores the critical need for stringent compliance in the burgeoning digital asset industry. California regulators shut down Hermes Bitcoin ATMs over 14,000 violations.
Bitcoin is facing a critical test above $75,000 as selling pressure builds and the market searches for the structural support that would prevent the correction from extending further.
Bitcoin's drop back below $78,000 after a rejection near recent local range highs has left options traders positioned cautiously, according to new data shared by Glassnode. The firm said the options market continues to show compressed volatility expectations, elevated downside hedging demand, and a gamma structure that could amplify weakness if BTC moves toward the mid-$75,000 area.
The cryptocurrency market traded broadly lower on Friday ET, with selling pressure extending across major tokens as spot and derivatives activity cooled—signs of a more defensive, risk-off tone among traders. According to TokenPostMarket data, Bitcoin (BTC) was down 2.40% over the past 24 hours at $75,778.64, while Ethereum (ETH) fell 3.62% to $2,063.86.