Michael Saylor's firm Strategy just completed of its largest Bitcoin buys ever, acquiring 24,869 BTC for approximately $2.01 billion. The company now owns 843,738 BTC acquired for $63.87 billion at a price of $75,700 per Bitcoin.
Bitcoin (BTC) sits at a technical crossroads after losing a crucial support level, leading some market observers to suggest that this week's price will be decisive for whether the flagship crypto can reclaim upside momentum or extend its recent losses. Related Reading: Trillion-Dollar Italian Bank Moves To XRP, But How Much Have They Bought?
Bitcoin (BTC) continues trading just beneath the $77,000 threshold this Tuesday, May 19, extending its losing streak to four sessions. At press time, the leading cryptocurrency was priced at $76,818, representing a modest 0.1% daily decline.
Bitcoin has fallen about 6% from $82,000 to $76,800, but underlying data point to more than routine pullback.
Bitcoin has witnessed a drop back below the $77,000 level, and with it, the cryptocurrency has lost its recovery above the short-term holder cost basis. Bitcoin Has Fallen Under The STH Realized Price In a new post on X, analyst Maartunn has talked about how BTC's move above the short-term holder Realized Price ended in rejection.
The crypto market traded mixed on Tuesday, with Bitcoin (BTC) slipping modestly while Ethereum (ETH) edged higher—an uneven tone that coincided with surging activity in stablecoins and derivatives, signaling both caution and active short-term positioning. As of 03:05 UTC on May 19 (based on TokenPostMarket data), Bitcoin was down 0.30% over the past day at $76,555.78.
A White House official said the U.S. government is nearing an announcement on a potential ‘strategic Bitcoin reserve', a development that market participants view as a fresh signal of Bitcoin's (BTC) deepening integration into official policy frameworks. According to Bitcoin Magazine, the official indicated that an update will come “soon,” adding that the administration has made “meaningful progress” in putting legal processes in place and building the infrastructure needed to safeguard digital assets.
Larger players are keeping faith, despite the token's current slide.
On-chain data shows the retail-sized Bitcoin inflows to Binance have declined to historically low levels, a sign that small traders have left the market.
Bitcoin price started a fresh decline below the $77,500 zone. BTC is consolidating and might struggle to stay above the $76,000 support.
Bitcoin (BTC) volatility is back at the center of market attention, with Crypto.com saying the sharp, sometimes intraday, price swings reflect more than speculative noise—they are the product of structural forces that amplify moves in both directions. In a recent research note released Tuesday UTC, Crypto.com framed BTC volatility as the combined outcome of five interlocking drivers: Bitcoin's fixed supply design, uneven global regulation, fast-moving investor sentiment, the outsized influence of large holders ('whales'), and shifting technology and infrastructure risks.
Nearly 20% of the world's oil supply moves through the Strait of Hormuz. Iran now wants a cut of it — not by force, but through Bitcoin.