Diverging signals between institutions and miners deepen uncertainty around Bitcoin's cycle bottom.
Bitcoin has fallen back toward the $77,000 region after losing a key ascending trendline support that had guided its recovery from April lows. According to data from crypto.
Binance Open Interest Climbs Above 180-Day Average as Speculative Activity Picks Up in May
Michael Saylor is calling $60,000 Bitcoin's floor. The Strategy co-founder made the claim during a Thursday appearance on CNBC's Squawk Box, saying the asset is now entering what he described as a “spring phase” — backed by solid support levels and a favorable broader market environment.
Trump Media & Technology Group has transferred another 2,650 Bitcoin worth about $205 million to Crypto.com, adding fresh scrutiny to the company's crypto treasury strategy as its holdings remain deeply underwater.
Equity and cryptocurrency markets diverged Friday as diplomatic efforts between the United States and Iran continued to influence trader sentiment. Index futures pushed higher while digital assets faced selling pressure.
BTC's implied volatility is a picture of calm even as financial headlines warn of macro risks.
Heading into the weekend, attention turns to the key technical levels for Bitcoin and Ethereum. Traders are watching support and resistance zones closely while the 200-day moving average narrative continues to influence sentiment.
The US government is reportedly investing in Quantum Computing, the technology that could end up acting as a possible threat to Bitcoin. US Commerce Department To Give $2 Billion To Quantum Computing Firms As reported by CNBC, the US government is set to award grants to nine companies operating in the Quantum Computing sector.
Mark Cuban revealed that he sold roughly 80% of his Bitcoin holdings after losing confidence in Bitcoin's ability to act as a hedge against economic instability and geopolitical tensions.
Binance pool miner reserves slipped from 41,987 to 41,915 in May, a small but telling sign that selling pressure from miners has not fully stopped. Crypto analysts said that because Binance Pool controls a major share of global hash rate, its behavior tends to reflect how Bitcoin miners feel before the broader market catches on.
Representative Nick Begich unveiled the American Reserve Modernization Act on Thursday, presenting the bill as a way for the United States to create a strategic Bitcoin (BTC) reserve and update how the federal government handles digital assets kept on the public balance sheet.