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.
While volatility maintains short-term hesitations, historical holders continue to massively accumulate BTC. This on-chain dynamic leads several analysts to estimate that the probability of a return to new lows is now very low.
Billionaire entrepreneur Mark Cuban, known for owning the Dallas Mavericks, has divested approximately 80% of his Bitcoin portfolio. In an interview on the Front Office Sports podcast “Portfolio Players,” Cuban revealed that Bitcoin's performance during recent geopolitical instability contradicted his investment hypothesis.
Approximately 30% of the entire Bitcoin supply currently in circulation faces potential theft risk once quantum computers achieve sufficient processing power to break existing cryptographic protections, new data from Glassnode indicates.
Bitcoin options expiry saw $1.6B in BTC contracts settle, as Greeks.live data showed lower IV, weak demand, and defensive whale positioning.
Bitcoin's Coinbase premium has fallen to its lowest level this month, adding to signs that institutional investors in the U.S. have continued selling the flagship crypto while spot demand weakens.
Bitcoin price reached $82,400 on May 20 and ran into a line on a chart. Up 37% from its April lows, BTC stalled at the 200-day moving average, pulled back to as low as $76,000, and left the market wondering what the rejection showed about the market's underlying structure.
Bitcoin has experienced a sharp 4.5% decline over the last seven days, retreating from levels above $80,000 to touch a monthly floor near $76,000. Currently, BTC is changing hands around $77,621, representing a 38% pullback from its October all-time peak.