The cryptocurrency market experienced a notable pullback on May 8, 2026, with Bitcoin ($BTC) slipping below the psychologically significant $80,000 level. This move comes after a period of consolidation following April’s rally. The sudden downturn has wiped out millions in leveraged positions, bringing the total market capitalization down to approximately $2.66 trillion. Why Is Crypto
Bitcoin and altcoins have been on an upward trend in recent days. While $BTC rose above $82,000 during the week, cryptocurrency analysis company Santiment recently revealed the most popular altcoins in the cryptocurrency world. According to Santiment, investors are showing strong interest in altcoins such as Bitcoin ($BTC), Cardano ($ADA), Avalanche ($AVAX), 1inch ($1INCH), Monero
Some Revolut users saw bitcoin briefly display far below market prices on Friday, with app charts showing a sudden plunge before snapping back near prevailing levels, in what appeared to be either a pricing display issue or a liquidity-related dislocation. Revolut’s official bitcoin page shows BTC briefly marked around £29,414 on Revolut’s one-day chart before
Bitcoin slipped back below $80,000 on Wednesday after a brief breakout attempt, as onchain data suggested the rally was already running into profit-taking pressure. CryptoQuant said bitcoin’s 37% rebound from April lows still looks more like a bear-market rally than a confirmed trend reversal, with realized profits hitting their highest level since December and short-term
A crypto analyst has identified a multi-year Cup and Handle pattern on the Bitcoin ($BTC) chart that he says has gone largely unnoticed by the broader market, despite its significance. The analyst believes this single formation signals a major bull trend ahead for Bitcoin, projecting a minimum price target of $220,000 once the cryptocurrency begins
Bitcoin is taking market share from gold as investors hedge against fiat currency debasement, JPMorgan analysts said in a research note this week. Bitcoin exchange-traded funds have recorded inflows for three consecutive months through May, while gold ETFs are still struggling to recover the outflows that followed the March Iran conflict, according to The Block.
An analysis shared by Cryptoquant indicates bitcoin must reclaim and hold $88,880 before traders can confirm a $BTC bottom. UTXO age bands identified several realized price levels where trapped buyers could add resistance during recovery attempts. Key Takeaways: $88.88K was identified as the first major resistance level above the current bitcoin price. Underwater holder cohorts
Binance, OKX, and Gemini have lost 100,000 Bitcoin from their reserves since February 2026. These coins were moved to private wallets, cold storage, and ETF custody, pushing exchange reserves to their lowest levels since late 2023. According to CryptoQuant analyst Amr Taha, the situation is dire because the reserves of multiple large exchanges fell simultaneously.
JPMorgan analysts have stated that Strategy, led by Michael Saylor, could make Bitcoin purchases totaling approximately $30 billion by 2026 if the current pace continues. The analysts noted that the company particularly accelerated its purchases in April. According to a report published by JPMorgan’s analyst team led by Nikolaos Panigirtzoglou, Strategy has purchased a total
A crypto analyst has projected explosive price targets for both the Bitcoin price and the Solana price. According to the forecast, if Bitcoin surpasses $400,000, Solana could be trading around $1,500 at the same time. The basis of this projection rests on the assumption that altcoins could mirror $BTC’s explosive rally to reach their respective