BlackRock transferred $287 million in Bitcoin to Coinbase in what analysts interpret as a new round of asset selling. Bitcoin ETFs recorded net outflows of $635 million in a single session, the largest daily withdrawal of the week, reducing cumulative flow to around $58.5 billion.
$80K support flip is a “psychological” non-event — Bitcoin price prediction remains bullish even if $80,000 is lost, provided the structural floor at $77,000 holds firm.
Bitcoin may be holding strong above major psychological levels, but the market still lacks the scale of capital inflows needed to trigger a true full-scale bull run. While short-term moves can be driven by leverage and speculative positioning, a true bull run historically requires deep, consistent liquidity from institutions, funds, and new retail participants entering the market.
Crypto ETF markets faced another sharp wave of selling on Wednesday, with bitcoin funds posting their second straight day of heavy outflows and ether ETFs extending their losing streak to three sessions. Solana stood out as the lone area of strength, while XRP products remained inactive.
After struggling to break $80,000, bitcoin surged more than $2,000 in four hours, peaking above $81,800 and eyeing the $82,000 mark. Bitcoin Reclaims Ground After Volatile Session On May 14, bitcoin reversed course, wiping out losses incurred 48 hours earlier after jumping by approximately $2,000 during a frenzied four-hour window.
Crypto exchange Kraken is the latest firm to shift away from LayerZero tech following last month's $292 million Kelp DAO exploit.
Crypto analyst Xanrox has advised market participants against buying Bitcoin, warning that a crash is looming for the leading crypto. Instead, the analyst advised buying altcoins, which are likely to offer greater gains.
China does not fight a technological war against Bitcoin. China protects control over the financial system, supervision of capital flows, and state monetary authority. That logic defines Beijing's entire regulatory strategy toward cryptocurrencies, stablecoins, and asset tokenization. For years, part of the market interpreted Chinese restrictions as temporary cycles of regulatory pressure.
BlackRock shakes the crypto market with a $287 million Bitcoin deposit on Coinbase. Massive sale or tactical move?
Trump's historic visit to Beijing had nothing to do with crypto. However Bitcoin was up 2.3% to $96,800 while the meeting was being happening.
Bitcoin (CRYPTO: BTC) may have already bottomed for this cycle, according to Morgan Creek Capital founder Mark Yusko. He argues global money printing, weakening fiat purchasing power and excessive leverage in traditional markets continue strengthening the long-term bullish case for crypto.
Bitcoin price reclaimed $81,000 after Trump's China visit, with traders watching $79,000 support and $82,400 resistance.