Category: Bitcoin News

Bitcoin price holds $75K as ETF demand weakens

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Bitcoin price hovered near the $75,000 zone on Wednesday as volatility cooled and traders watched whether the latest support area could hold. Summary Bitcoin price trades near $75K as lower volatility and weak spot demand limit buyer conviction. BTC faces pressure from Bitcoin ETF outflows and signs of lower institutional exposure in spot funds. Traders are watching $74,662 support, with $76,327 acting as the first recovery level near term. (BTC) traded around $74,834 after sliding 2.02% over 24 hours, with intraday movement between $74,708 and $76,140. According to data from…

Bitcoin Slips to $74,530 as Long Traders Face $106M Wipeout

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Key Takeaways Bitcoin fell below $75K on May 27 as Glassnode flagged fading exchange-traded fund (ETF) inflows. Bitstamp data showed BTC dropped 3% weekly, wiping out $115.3M in leveraged longs. Polymarket traders priced U.S.-Iran deal odds at 30% ahead of the May 31 deadline. Onchain Metrics Signal Fading Momentum For the second consecutive day, bitcoin trended downward, slipping below the $75,000 threshold even as major Wall Street indexes hovered near record highs. According to Bitstamp data, the leading cryptocurrency plummeted to its daily low after spending much of the prior…

Whale Shorts $16M in Bitcoin and Ether While Going Long on TradFi on Hyperliquid

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Key Takeaways Nansen flagged a smart money whale on May 27 running $7.4M BTC and $8.7M ETH shorts at 20x leverage on Hyperliquid. The same wallet holds $5.09M long on XYZ100 and $3.46M long on S&P 500, generating $1.35M in combined unrealized profit. At 20x leverage, a 5% rise in bitcoin or ether could trigger liquidation of the whale’s $16.1M short position on Hyperliquid. Long TradFi, Short Crypto: The Trade in Detail The wallet holds a $5.09 million long position on the XYZ100 index perpetual at 4x leverage, currently sitting…

Fold starts rolling out Bitcoin credit card with 4% rewards offer

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Fold Holdings has started issuing its Fold Bitcoin Credit Card to selected waitlist members, adding a consumer credit product to its growing Bitcoin rewards and workplace payments business. Summary Fold has started issuing its Bitcoin Credit Card to select waitlist members, offering 1.5% back in Bitcoin and up to 4% through rewards and partner offers. The card runs on Visa and Stripe Issuing, with physical and virtual cards available through the Fold App for Apple Pay and Google Pay. The launch comes after Fold missed Q1 2026 earnings expectations and…

Mastercard Lands New York Bitlicense to Advance Stablecoin and Digital Payment Infrastructure – Bitcoin News

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Key Takeaways Mastercard Transaction Services (U.S.) LLC received a NYDFS Bitlicense on May 27, 2026, clearing the way for digital asset operations in New York. The approval follows Mastercard’s $1.8 billion acquisition of stablecoin infrastructure firm BVNK in March 2026, signaling deeper commitment to onchain payments. Chief Product Officer Jorn Lambert says regulatory clarity is now central to Mastercard’s strategy for scaling stablecoins and tokenized deposits globally. Mastercard Wins NYDFS Bitlicense, Opening New York Digital Asset Access The approval came through New York’s Bitlicense framework, which NYDFS established in 2015.…

Sam Altman Reverses Course on AI Job Losses as Studies Show Limited Impact so Far – Bitcoin News

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Key Takeaways OpenAI CEO Sam Altman said May 2026 fears of mass AI layoffs were overstated. Brookings and Yale Budget Lab found limited AI labor disruption through 2026. Anthropic warned AI deployment gaps may slow workforce replacement beyond 2026. Sam Altman is backing away from his bleak labor forecast, and it’s not hard to see why: the job apocalypse tied to AI hasn’t arrived. Fresh analyses from groups like the Yale Budget Lab and Brookings point to minimal disruption so far, even as Anthropic flags a yawning gap between AI’s…

Why Is Bitcoin price Going Down? (May 27)

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Bitcoin has fallen more than 3% over the past 24 hours as traders reacted to renewed Middle East tensions, persistent ETF outflows, and a fresh rejection below a major technical resistance zone. Summary Bitcoin price fell over 3% as Middle East tensions and ETF outflows pressured crypto markets. BTC broke below an ascending channel and now faces resistance near the $78,000-$80,000 range. Analysts say Bitcoin could still rally toward $83,000-$85,000 if the $74,000-$76,000 demand zone holds. According to data from crypto.news, Bitcoin (BTC) price dropped from around $77,880 to nearly…

Copper–gold “2020 signal” is really about global liquidity, not just Bitcoin

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The much-hyped copper-to-gold breakout says more about how capital is shifting between defense and growth than it does about bitcoin’s destiny on its own. Summary Copper’s move against gold flags a rotation from capital preservation to productive risk-taking 2026’s easing cycle is far smaller than 2020’s shock-and-awe reflation, implying a more measured market reaction Persistently strong gold and record central bank buying point to structural de-dollarization, not a fleeting fear trade Ethereum (ETH) charts and Bitcoin (BTC) flows might grab more headlines, but the signal embedded in the copper-to-gold ratio…

Bitcoin ETFs Lose $333M as HYPE and XRP Funds Continue Attracting Inflows

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Key Takeaways Bitcoin ETFs lost $333.71M as the outflow streak reached its 7th consecutive day. Ether ETFs saw a $35.04M exit, extending an 11-session decline led by Fidelity FETH. HYPE ETFs gained $20.45M while XRP added $1.55M amid selective altcoin demand. HYPE ETFs Pull $20M as Bitcoin and Ether Funds Face Heavy Withdrawals The holiday pause offered no reset for crypto exchange-traded fund (ETF) investors. After Memorial Day, capital continued to move out of the market’s largest digital asset funds, deepening a run of redemptions that has now become difficult…

Can Bitcoin mining fund the AI data center boom? One entity is trying to find out

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DMG Blockchain mined 69 bitcoin in its fiscal Q2 2026 but is betting its future on transforming those mining operations into AI-ready data centers serving Canadian government and enterprise demand. Summary DMG produced 69 BTC in Q2, flat quarter-on-quarter but 25% lower year-on-year. Revenue fell to $7.3 million, as the company doubled down on an AI data center pivot. Management is reorganizing around two pillars: core data centers and digital asset financial services. According to its latest earnings release, DMG Blockchain Solutions generated 69 Bitcoin (BTC) in self-mining during the second quarter…