A hotter-than-expected April inflation report has put Bitcoin back at the center of the Federal Reserve trade, reviving the higher-for-longer rates problem that has capped crypto markets for much of the year. The Bureau of Labor Statistics (BLS) reported on May 12 that headline CPI rose 3.8% year over year in April, above the 3.7%
BlackRock Inc. (NYSE: BLK) accelerated its Bitcoin ($BTC) and Ethereum ($ETH) sell-off on May 13 amid rising risk of crypto capitulation. BlackRock deposited 861 $BTC, worth approximately $69.59 million, to Coinbase Prime on Wednesday, according to on-chain data from Arkham Intelligence. Additionally, the management firm sent 44,691 $ETH, valued at around $103.15 million, to Coinbase
Bitcoin just fell below $80,000 as a hotter-than-expected US inflation print pushed crypto and equities lower. $BTC price slipped from the low $81,000 area into $79,706, with the session low marked near $79,557. The break turned $80,000 from a round-number reference into the first tactical line for intraday structure. Bitcoin price decline alongside rising US
After several failed attempts to rally above $82,200 over the past seven days, Bitcoin ($BTC) price fell below its psychological support level around $80,000 on May 13, amid low demand in the United States. Bitcoin price has dropped nearly 3% over the past 7 days, trading at about $79,340 at press time. The flagship coin
Metaplanet (3350), Japan’s largest corporate bitcoin holder and the world’s third-largest bitcoin treasury company holding 40,177 BTC on its balance sheet, has confirmed a delay in its planned preferred share listing. CEO Simon Gerovich discussed the complexity of navigating Japan’s underdeveloped preferred equity market as the primary reason for the hold-up. The company’s planned instrument
Welcome to our institutional newsletter, Crypto Long & Short. This week: Dovile Silenskyte provides an alternative to the “bitcoin as a risk asset” narrative. Joshua de Vos shares insights and analysis on global exchanges. Top headlines institutions should pay attention to by Francisco Rodrigues. CoinDesk 80 Leads as Crypto Outperforms Across Asset Classesin Chart of
The leading cryptocurrency, Bitcoin ($BTC), fell to levels around $79,800 yesterday following the release of better-than-expected US Consumer Price Index (CPI) data. However, buying pressure quickly increased, and it regained the $80,000 level. This indicates that it is maintaining and consolidating its position above $80,000. Although this situation created a brief period of panic, analysts
Eric Trump, the son of President Donald Trump and founder of the Bitcoin ($BTC) mining and treasury management company American Bitcoin (NASDAQ: ABTC), announced new plans that will help his company (and the U.S.) dominate the global cryptocurrency market. Speaking in an interview with David Lin published on May 12, Trump said there are effectively
Bitcoin is holding above key short-term support while it consolidates below resistance, keeping the bullish roadmap active for now. The setup puts $BTC at an important level, as a breakout could open higher targets, while a drop below support could weaken the current structure. Bitcoin Bulls Hold Control as $BTC Consolidates Below Resistance Bitcoin is
Bitcoin price held firmly above the key $80,000 psychological support on Tuesday after hotter-than-expected U.S. CPI data briefly triggered volatility across risk assets, with bulls now attempting to regain momentum toward the $85,000 region. According to data from crypto.news, Bitcoin ($BTC) traded around $81,300 at press time on May 13 after rebounding from intraday lows