Saylor's Bitcoin strategy could reshape corporate treasury management, potentially increasing institutional adoption and altering investment norms. Strategy's Michael Saylor expects Bitcoin to appreciate 30% annually for the next two decades.
Schwab starts phased Bitcoin and Ethereum trading for select U.S. retail clients, with Paxos execution and a 75 bps fee.
Ray Dalio has reopened one of crypto's longest-running macro debates, arguing that Bitcoin still has not behaved like the safe-haven asset many investors expected it to become. The Bridgewater Associates founder said gold remains structurally superior as a reserve and crisis asset, drawing immediate pushback from Michael Saylor and several Bitcoin advocates.
Shares of MARA Holdings (MARA) experienced a 5% decline on Tuesday, May 12, dropping to approximately $12.65 after the cryptocurrency mining company disclosed substantial first-quarter losses alongside news of significant Bitcoin asset liquidation.
Arthur Hayes, who co-founded BitMEX and currently serves as chief investment officer at cryptocurrency hedge fund Maelstrom, released a comprehensive analysis on May 12 declaring that Bitcoin's bullish cycle has commenced.
A closely monitored Bitcoin market indicator has switched to bullish mode for the first time in over two years. CryptoQuant's Bull-Bear Market Cycle Indicator transitioned into positive territory on May 12, coinciding with Bitcoin trading above the $80,000 mark following an approximately 35% recovery from its February bottom near $60,000.
Charles Schwab has officially entered the spot cryptocurrency market, rolling out direct trading for Bitcoin and Ethereum through its new Schwab Crypto platform in a major step toward mainstream retail adoption of digital assets.
Bitcoin staged a recovery above the $81,000 threshold after experiencing a temporary decline triggered by Tuesday's inflation figures. Concurrently, US equity index futures demonstrated upward momentum as investors shifted attention from economic data toward international diplomatic engagements.
Bitcoin maintained its position near the $80,000 mark on Tuesday following the release of April's US Consumer Price Index, which registered 3.8% on a year-over-year basis. This represents the most elevated inflation reading since May 2023.
Traders appear to be using MSTR more and more as a leveraged Bitcoin proxy.
Bitcoin is holding above $80,000 after weeks of bullish price action that has carried it significantly above the lows that defined the worst of the February and March correction.
The count of daily transactions on the network reached 831,000 operations on May 12. Bitcoin's price recorded significant technical resistance in the $82,200 zone. The Consumer Price Index (CPI) in the United States stood at 3.8%.