If Bitcoin drops below $73,786, more than $1.29 billion in leveraged long positions could be liquidated across major centralized exchanges, according to derivatives analytics platform Coinglass.
Trump Media Technology Group (NASDAQ: DJT), the parent company of Truth Social, has transferred another 2,650 bitcoin to Crypto.com, fueling renewed concerns over the companys cryptocurrency investment strategy. Based on current bitcoin prices, the transaction is valued at approximately $205 million, according to blockchain tracking data shared by Lookonchain.
Can the U.S establish a BTC reserve before 2027 as November midterms draws closer?
Bitcoin (BTC) and Ethereum (ETH) entered the weekend with limited price movement as the broader crypto market traded sideways. BTC remained stuck between $76,100 and $78,000 over the past four days, while ETH also struggled to break out, signaling reduced volatility across major digital assets.
Bitcoin trades near $77,200 on May 22 as investors continued navigating a fragile consolidation phase shaped by cautious miner behavior, weakening momentum signals and growing discussions surrounding long-term quantum computing risks.
Bitcoin Pizza Day returns on May 22, marking sixteen years since Laszlo Hanyecz traded 10,000 BTC for two Papa John's pizzas. What once felt like a quirky anecdote now reads like a defining moment in digital finance.
Crypto analyst Phila has predicted that the Bitcoin price could see a massive decline to $55,000 after breaking a 14-year support level. This comes amid BTC's fall below the psychological $80,000 level, with the leading crypto now at risk of dropping to new lows.
Germany's Finance Committee has rejected a proposal from the Green Party to scrap the country's tax exemption for cryptocurrencies held longer than one year.
DJT's bitcoin strategy remains under pressure as the company sits on hundreds of millions in unrealized crypto losses and widening quarterly deficits.
The billionaire cited underperformance vs gold and broader disappointment with crypto's breakout apps (or lack thereof) as drivers.
While crypto Twitter argues about Bitcoin versus Ethereum, two superpowers are quietly running a different race. The United States is using dollar-backed stablecoins to extend the dollar's reach into every corner of the digital economy.
On May 22, 2010, Laszlo Hanyecz completed one of the first BTC commercial transactions ever, exchanging 10,000 BTC for two Papa John's pizzas, a milestone that still keeps being celebrated even in an age of institutional dominance over the cryptocurrency ecosystem.