As selling pressure intensified in the cryptocurrency market, the price of Bitcoin fell below the $80,000 level. While Bitcoin traded at $79,650 in the last 24 hours, sharp liquidations were observed in the derivatives markets. According to the data, a total of $158.53 million worth of positions were liquidated in the last 24 hours, with
The Bitcoin price may face extended correction below the $80,000 as red-hot 6% YoY PPI sparks inflation fear. Google Trends data from Alphractal highlights a major divergence between Bitcoin price action and public search interest during the current market cycle. The formation of classic reversal pattern ‘double-top’ signals a risk of major breakdown below $79,000
Gulf International Bank has increased its investment in Strategy as institutional interest in Bitcoin-linked stocks continues to grow. A recent filing from the bank’s UK unit showed it raised its Strategy holdings by 53% to 20,207 shares worth about $3.76 million. The disclosure, highlighted by BitcoinTreasuries.NET on May 13, comes as more financial institutions seek
Bitcoin’s long stretch of negative funding rates finally came to an end this week, but the market reversal exposed something many leveraged traders still overlook: Two traders can place the exact same Bitcoin trade on different exchanges and still get liquidated at different prices. According to a recent report by The Block citing research from
Sam Altman now faces investigations from both Congress and multiple state attorneys general over his personal investment portfolio, a probe that lands as his company prepares for a public offering. The investigation, initiated on May 11, centers on potential conflicts of interest between Altman’s role leading OpenAI and his financial stakes in companies like Helion
Kevin Warsh was confirmed Wednesday as the next Federal Reserve chair, putting a longtime critic of the central bank’s crisis era policies in charge as President Donald Trump pushes for lower interest rates and inflation data complicates the case for cuts. The Senate voted 54 to 45 to confirm Warsh, largely along party lines, with
Cryptocurrency research firm K33 Research suggested that the STRC product issued by Strategy could play a significant role in Bitcoin’s mid-month price surge. According to the company’s report, Bitcoin recorded strong gains in the middle weeks of both March and April, and K33 Research Head Vetle Lunde believes this trend could continue this week. The
Consensys, the Ethereum development firm led by Joe Lubin, has pushed back its potential U.S. public offering until fall at the earliest due to poor market conditions, according to two people familiar with the situation. The MetaMask wallet builder had reportedly engaged bankers from JPMorgan and Goldman Sachs last year to lead the process. Consensys
Morgan Stanley, one of the world’s largest investment banks, has increased its Bitcoin holdings by 395.6 $BTC over the past 24 hours, according to data from the blockchain analytics platform Onchain Lens. The acquisition, valued at approximately $25.81 million at current market prices, brings the firm’s total Bitcoin treasury to 3,389 $BTC. Institutional Bitcoin Accumulation
Circle is intensifying its push into institutional payments infrastructure, arguing that stablecoin-based settlement systems can replace the batch-processing model still used across much of global finance. In a new paper published on 13 May, the USDC issuer described traditional payment and settlement rails as increasingly inefficient for modern global commerce. It pointed to delayed liquidity