Bitcoin treasury firm Strive has accelerated its BTC accumulation, and it is now on track to rival none other than Michael Saylor's Strategy.
Treasury yields hit 12-month highs on May 15, pushing Bitcoin back toward $80,500 a day after the Clarity Act committee vote. US Treasury yields surged to fresh 12-month highs on May 15, with the 10-year note hitting 4.
Kraken raised the maximum leverage available on its Bitcoin and Ethereum perpetual contracts within Kraken Pro, moving from the previous cap of 50× to a new ceiling of 100×. The change applies exclusively to two contracts: PF_XBTUSD and PF_ETHUSD, both cash-settled in dollars and available to trade 24 hours a day, seven days a week.
Bitcoin's latest retreat below $80,000 shows how quickly the bond market has reclaimed control of crypto trading, even after lawmakers advanced one of the industry's most closely watched regulatory bills.
Bitcoin could rally toward $89.5K if bulls break the key $82.7K resistance.
Bitcoin's drop below $79,000 was driven by a sharp swing in global risk sentiment after the U.S.–China summit ended without progress and fresh Middle East tensions rattled markets.
Bitcoin's supply on exchanges dropped to 5.6%, its lowest level since 2018, while net flows show a balance between deposits and withdrawals. Ethereum raised its exchange supply from 4.2% to 4.6% in ten days, driven by the inflow of approximately 240,000 ETH.
Bitcoin faces resistance above $82,000 again, though analyst Michaël van de Poppe projects a move toward $90,000 in the coming days. The 21-day moving average has acted as key support since early April; a break below it would confirm a medium-term correction.
Sellers have pulled Bitcoin back below the $79,000 level, but buying may emerge as the price nears the $76,000 support.
Strategy bonds worth $1.5 billion are being repurchased as Michael Saylor's firm lists Bitcoin sales as a potential funding source. Strategy filed a Form 8-K on Friday announcing it has agreed to repurchase approximately $1.
MARA inclusion within $220 million-$750 million trade flow raises questions over indirect Bitcoin exposure via crypto-linked equities.
Bitcoin's (CRYPTO: BTC) recent rally toward the $74,000-$87,000 region fits a classic counter trend bounce rather than the start of a new bull market, according to a prominent analyst. Why Is A Summer Weakness Predicted Crypto analyst Kevin who earlier called Bitcoin's rejection near $120,000-$125,000 says the market may still face another major leg lower before the next true bull cycle begins.