Bitcoin remains stuck below $77,000 as weakening ETF inflows shift market focus to Nvidia's earnings report.
Bitcoin miners didn't plan to be AI infrastructure companies. But here they are.
Bitcoin price remained under pressure on Wednesday, but crypto analyst Ali Martinez believes the recent correction may actually be setting the stage for another rally toward $95,000 as key on-chain MVRV indicators begin flashing long-term accumulation signals.
Bitcoin ETF outflows are turning rising Treasury yields into a direct test for BTC price after Bank of America's May Global Fund Manager Survey showed professional investors cut bond allocation to a net 44% underweight, the deepest positioning since June 2022, down from 33% underweight in April.
Wintermute said Bitcoin's latest rally has failed its first major macro test, arguing that the move was driven more by leverage and short covering than by durable spot demand. In its May 18 market update, the trading firm pointed to hot inflation, rising Treasury yields, ETF outflows and renewed rate-hike pricing as the backdrop behind a sharp reversal across digital assets.
Research firm K33 Research says the bitcoin bear market of 2026 is structurally different from previous cycles, with the February low near $60,000 likely representing the deepest pullback this downturn will produce.
Bitcoin is going through its first real moment of doubt since the massive return of institutional capital to the crypto market. While spot ETFs record spectacular outflows and short-term traders sell at a loss, several analysts now fear a more brutal correction of BTC.
Strive, Inc., backed by Vivek Ramaswamy, has expanded its Bitcoin treasury with an additional 382 coins, deploying approximately $30.3 million over a six-day period from May 13 through May 18. The acquisition came at an average price point of $79,348 per Bitcoin, as disclosed in an SEC 8-K filing dated May 19.
BitGo Holdings added 776 BTC to its treasury during the first quarter of 2026, bringing its total Bitcoin holdings to 2,449 BTC, according to the company's latest quarterly financial disclosure.
Trump Media-linked Truth Social Bitcoin ETF, B.T. has asked the US Securities and Exchange Commission to withdraw its spot Bitcoin ETF registration, ending, at least for now, one of the more politically visible attempts to enter the already crowded US Bitcoin fund market.
Trump Media & Technology Group, the parent entity operating the Truth Social platform, has rescinded its filings for two cryptocurrency exchange-traded funds with the U.S. Securities and Exchange Commission.
Bitcoin is currently changing hands around $77,175 as of Wednesday's early trading session, posting a modest 0.4% advance. This uptick follows a mid-week decline that brought prices dangerously close to the $76,000 threshold, representing a significant pullback from last week's peak above $82,000.