Bitcoin pushed back above $80,000 for the first time since late January, as traders reacted to a mix of geopolitical relief, steady ETF demand and a moderate short squeeze across crypto derivatives markets. BTC traded near $80,000 after touching an intraday high of $80,529, reaching its highest level since January 31.
Bitcoin price surged to a four-month high of $80,529 on Monday shortly after United States President Donald Trump revealed “Project Freedom” to help stranded cargo ships affected by the closure of the Strait of Hormuz. According to data from crypto.
Over $150 million in crypto short positions were wiped out in a single hour on May 4, 2026, as bitcoin's breach of $80,000 triggered one of the sharpest short squeezes seen in recent months. Key Takeaways: $150 million in crypto shorts were liquidated in 60 minutes as bitcoin crossed $80,039. Binance futures showed a 62.
The leading cryptocurrency shattered the $80,000 barrier during Sunday's late trading session, finally breaking through a ceiling that had contained upward movement throughout the weekend. The rally unfolded as market participants monitored developing diplomatic discussions between the United States and Iran alongside consistent institutional accumulation via exchange-traded funds.
Crypto markets traded higher on Sunday, with Bitcoin (BTC) and Ethereum (ETH) extending gains as trading activity rose across spot, stablecoins, and derivatives—signals of improving risk appetite and a more liquid backdrop. According to TokenPostMarket data, Bitcoin was changing hands at $80,160.16 as of May 4, 03:05 UTC, up 2.57% from the prior day.
Michael Saylor announces a pause in Bitcoin purchases. A breakdown of a decision shaking crypto investors.
Bitcoin is consolidating around the $80,000 level after briefly breaking above a key psychological barrier, as rising liquidations and mixed momentum signals point to a fragile short-term structure.
Bitcoin crossed $80,000 on May 4, 2026, snapping weeks of range-bound trading as institutional buying and a mass short liquidation combined to push the leading cryptocurrency past its most-watched resistance level. Key Takeaways: Bitcoin hit $80,039, breaking above key resistance for the first time in weeks.
Michael Saylor announced that Strategy will pause Bitcoin purchases this week ahead of its quarterly earnings report.
Strategy has halted Bitcoin purchases for the week ahead of its first-quarter earnings release and rising scrutiny around its preferred stock dividend.
In the fast-growing web3 and cryptocurrency space, new projects frequently emerge amid waves of excitement and online buzz. Kaspa is the latest example, drawing significant attention across platforms like X and other social channels.
Michael Saylor says the company will resume purchases next week, but the pause lands as analysts focus on losses and the growing complexity of Strategy's preferred-stock funding machine.