Month: May 2026

Bitcoin Miner Cleanspark Posts $378M Loss in Q2

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Key Takeaways Cleanspark posted $136.4M in Q2 FY2026 revenue, a 24.9% year-over-year drop driven by Bitcoin price swings. A $224.1M non-cash Bitcoin fair value loss pushed Cleanspark’s net loss to $378.3M for the March 2026 quarter. CEO Matt Schultz targets AI/HPC commercialization as Cleanspark doubled MW under contract with 585 MW of ERCOT capacity. Cleanspark Posts $378M Loss in Q2 as Bitcoin Fair Value Swing Hits Results Cleanspark’s (Nasdaq: CLSK) Revenue for the quarter came in at $136.4 million, down $45.3 million, or 24.9%, from $181.7 million in the same…

The REAL REASONS Bitcoin Is Going Up… [FULLY EXPLAINED]

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The REAL REASON Bitcoin is pumping… ⭐ Follow Altcoin Daily on 𝕏: 🟠 BTC Conference 2026 – ‘ALTCOINDAILY’ for 10% off Ticket: 🟠 Become a channel member & get access to perks: 🎁 Altcoin Daily Merch: 🟡 50% deposit bonus on first $100 on WEEX: 🟣 Best Crypto Exchange To Trade ($12,000 Bonus): ✅ Bitunix (no kyc, $10,000 bonus): 🔴 $30k USDT bonus with Phemex with our link: 🔵 $30k bonuses with our link – Buy & Trade Crypto on Bybit: 🟢…

Ethereum Price Rejected Near $2,400 Again, Sellers Defend Key Barrier

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Ethereum price started a downside correction from $2,380. ETH is now showing a few bearish signs and might decline further if it trades below $2,300. Ethereum started a downside correction below the $2,360 zone. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,350 zone. Ethereum Price Dips Again Ethereum price failed…

Bitcoin Funding Flips Positive, Is $85K Next?

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Key takeaways: Bitcoin derivatives show limited conviction among pro traders, but ETF flows and Strategy could play a role in the next higher rally.  Reduced odds of a peace plan between the US and Iran, and high oil prices, could impede Bitcoin’s price discovery. Bitcoin (BTC) flirted with the $82,000 level on Monday, sparking a brief surge in demand for bullish leverage. Bitcoin has held near $80,000 for over a week, prompting many traders to bet on further upside. However, derivative metrics show that professional players remain skeptical, leaving many…

Bitcoin Price Eyes $82K Break, Bulls Prepare For Bigger Rally

Bitcoin price started a downside correction from the $82,000 zone. BTC is consolidating and might aim for a fresh increase if it clears $82,000. Bitcoin failed to stay above $81,500 and extended losses. The price is trading above $80,500 and the 100 hourly simple moving average. There is a key contracting triangle forming with support at $80,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $81,800 and $82,000 levels. Bitcoin Price Dips Again Bitcoin price failed…

Capital Rotation Or Bear Market Rally?

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The altcoin market is gaining strength as a growing number of assets beyond the major names have begun pushing higher, drawing attention back to the broader ecosystem after months of Bitcoin-dominated price action. GugaOnchain has identified a specific signal in the volume data that suggests the shift may be more structural than it first appears. Related Reading A closer examination of the CEX Volume Ratio — which tracks trading volume across all altcoins excluding the top five assets: Bitcoin, Ethereum, Solana, XRP, and Binance Coin — reveals what the analyst…

Why is Bitcoin Going Down?

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Strategy’s Bitcoin Sale Comment Puts Treasury Risk in Focus

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Key Takeaways Strategy could sell BTC to fund dividends while seeking to preserve confidence in its treasury approach. Preferred securities make liquidity, dividend coverage, and market access more important for investors. Future signals include BTC sales, USD Reserve changes, preferred coverage, and new issuance. Strategy’s Potential BTC Sale Changes the Treasury Debate Strategy (Nasdaq: MSTR) reported first-quarter 2026 results that drew fresh attention to whether the company could ever sell BTC. NYDIG, a bitcoin-focused financial services and research firm, said in a May 8 report that Strategy’s management acknowledged the…

BTC Rally Trap? Why I Still Expect A Bigger Correction

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin is testing major resistance, but has the market actually formed a top already? In this update, we break down the current Bitcoin Elliott Wave structure, why the rally still looks corrective, and what BTC would need to show to confirm a real bullish breakout. We also look at historical bear market drawdowns, Fibonacci retracement zones, on-chain indicators, and Bitcoin time cycles that could point to another major low later this year. Timestamps: 00:00 Bitcoin still in a bearish corrective pattern 01:05…

Bitcoin Exits ‘Panic Zone,’ But Capital Inflows Remain Weak

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Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started…