Jacob Smagula previously worked on the government affairs team at bitcoin mining company MARA and is currently on the policy team at the DeFi Education Fund.
Bitcoin (CRYPTO: BTC) climbed above $81,000, prompting speculation if there a sharp breakout could be on the cards. ‘Green Candle Therapy' Crypto analyst Taiki Maeda said in his podcast on May 4 that Bitcoin may already have formed a market bottom and could be entering a phase of strong upward momentum driven by what he described as "green candle therapy," a rapid price surge that shifts market sentiment decisively bullish.
The company has been pivoting from a pure-play mining model and toward leasing power and infrastructure to AI and cloud providers.
While the Bitcoin market is teasing a breakout toward the critical $85,000-$88,000 range, from which many market participants expect a reversal, trading veteran Bob Loukas points to abnormal behavior. Instead of the typical quick bounce seen in bear markets, BTC is showing unusual resilience, he highlights in a recent outlook update.
Sequans sold 1,025 bitcoin, cutting its treasury reserves to 1,114 BTC, as Q1 revenue fell 24.8% to $6.1 million.
First GPU-powered AI mining servers now operational – bridging the gap between Bitcoin mining and artificial intelligence workloads
Bitcoin has finally surged past the $80,000 mark after months spent below this psychological threshold. However, the current rally does not appear to be sustainable or based on any sound fundamental catalysts.
Bitcoin (BTC) traded flat on Tuesday as elevated market liquidity kept price action largely contained.
Bitcoin's move above $80,000 is testing whether its latest break from the S&P 500 reflects a real macro regime shift or the market's most liquid risk switch reacting to two different clocks.
Michael Saylor says his Bitcoin vehicle Strategy has realized 63,410 BTC of “Bitcoin Gain” in 2026, lifting its stash to over 815,000 BTC, or about 3.9% of total supply.
The Nasdaq-listed firm raised $500 million to invest in bitcoin. Less than a year later, it is chasing the market's current hot sector of AI.
Net realized profits hit a one-month high of $207.56 million Sunday as bitcoin crossed $80,000 for the first time since January, with the price holding above the breakout level into Tuesday despite the heavy sell-side flow.