The firm slashed IBIT and FBTC positions while doubling down on Ether ETFs and crypto equities.
SkyBridge Capital founder Anthony Scaramucci suggested on Wednesday that Bitcoin (CRYPTO: BTC) is tracing an adoption path akin to that of Amazon.com Inc. (NASDAQ:AMZN) and Microsoft Corp. (NASDAQ:MSFT). Scaramucci Says Bitcoin Can't Be ‘Devalued' During an interview with RiskReversal Media, Scaramucci said that traditional fiat money is essentially “worthless,” but it gains value because people trust it.
Capital rotated out of Bitcoin (BTC) and Ethereum (ETH) over the past several hours, with a notable share parking in stablecoins—especially Tether (USDT)—in a sign traders may be shifting into a more defensive, ‘wait-and-see' stance. According to Cryptometer data tracked as of 3:00 p.m.
Bitcoin's dominance over the wider crypto market has grown noticeably stronger in 2026, and new data suggests the reason comes down to where institutional money is — and isn't — going. Related Reading: Crypto Firm Exodus Drains 63% Of Its Bitcoin Reserves As Q1 Loss Doubled Year Over Year Altcoin Season Loses Steam Analysts tracking market behavior say the expected rotation from Bitcoin into smaller altcoins has not materialized the way it did in previous bull cycles.
Bitcoins recent rally above the $80,000 level appears to be losing strength as major outflows from U.S. spot Bitcoin ETFs raise concerns about weakening investor sentiment. After strong institutional demand helped push BTC prices higher in March and April, the market is now facing renewed pressure from both macroeconomic uncertainty and slowing capital inflows.
A viral X post claiming Anthropics Claude AI cracked a forgotten Bitcoin wallet and recovered 5 BTC has sparked major attention online, but the reality is far less dramatic. The incident was not a breakthrough in Bitcoin cryptography or AI hacking.
An anonymous cryptocurrency holder going by the username Cprkrn on X has shared how he successfully regained access to five Bitcoin—currently valued at around $320,000—by leveraging Anthropic's artificial intelligence assistant Claude to unlock a wallet that had remained inaccessible for over ten years.
The single-largest outflow since late January comes as bitcoin turns lower from the 200-day moving average.
Michael Terpin, a pioneering Bitcoin proponent whom CNBC has called “the Godfather of Crypto,” believes Bitcoin faces further downside before embarking on its next major uptrend. He outlined his perspective during a recent appearance on the David Lin podcast.
Bitcoin experienced a significant downturn on Thursday as traders reacted to elevated inflation figures and mounting geopolitical uncertainties affecting risk-sensitive assets. During Asian trading sessions, BTC was changing hands at $79,200, representing a 2.3% decline across the previous 24-hour period.
Japanese investment firm Metaplanet posted a net loss of 114.5 billion ($725 million) for the first quarter of fiscal 2026 after a sharp decline in Bitcoin prices triggered major accounting valuation losses. The company said the losses were largely tied to mark-to-market adjustments on its growing Bitcoin treasury holdings during one of the cryptocurrencys weakest quarterly performances in recent years.
The owner had been trying for eight weeks to brute-force the password on their current Blockchain.com wallet, testing roughly 3.5 trillion combinations using the btcrecover service on a rented computing chip.