Category: Bitcoin News

Bitcoin Bulls Defend $79,200 as $28.3M in Long Liquidations Resets Risk

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Key Takeaways Bitcoin ended the week flat at $80,200 as markets largely ignored U.S.-Iran military skirmishes. The S&P 500 jumped 17.2% since March, adding $10 trillion in value as geopolitical fears receded. Bitunix analysts see a tug-of-war ahead, with a potential $78,000 breakdown triggering liquidations. Liquidation Volume Recedes Amid Consolidation Bitcoin traded sideways on Friday as global markets appeared to shrug off the latest skirmishes between the U.S. military and Iran’s Islamic Revolutionary Guard Corps in the Strait of Hormuz. Similarly, the latest data showing nonfarm payrolls surging by 115,000…

TeraWulf’s HPC revenue tops Bitcoin mining for first time as AI pivot accelerates

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TeraWulf’s Q1 2026 results show $21 million in AI/HPC hosting revenue versus under $13 million from Bitcoin mining, marking the first quarter where high‑performance compute has overtaken BTC as the company’s primary revenue driver. Summary TeraWulf generated $21 million from high-performance computing (HPC) hosting in Q1, surpassing less than $13 million from Bitcoin mining for the first time. Total Q1 revenue was $34 million, roughly flat year-on-year, while net loss widened to $427.6 million due largely to a non‑cash warrant revaluation. The company is rapidly converting mining infrastructure into AI/HPC…

Tucker Carlson Calls Markets ‘Fake’ After 60 Days of Middle East Conflict – Bitcoin News

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Key Takeaways Tucker Carlson called public markets “fake,” pointing to oil trading under $100/barrel despite 60+ days of war disruption. Bitcoin climbed to $82,000 and drew $2B in April ETF inflows as investors bypassed traditional safe-haven assets like gold. With the Strait of Hormuz still contested in May 2026, analysts warn record S&P 500 highs near 7,300 could reverse fast. Tucker Carlson: ‘Markets Are Doing Things You Would Not Expect Markets to Do’ The comments came against a backdrop that has left many analysts searching for explanations. Operation Epic Fury,…

Revolut turns Bitcoin into a UX horror show with a two‑cent “flash crash” that never happened

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Revolut briefly showed Bitcoin trading near zero for some users while every major exchange and index still had BTC around $79,000. Summary Revolut briefly showed Bitcoin trading at near-zero levels for some users, even as every major exchange and index provider had BTC around $79,000. The anomaly appears isolated to Revolut’s pricing and display stack, raising hard questions about how neobanks source liquidity, route orders, and protect clients from internal misfires. At Revolut’s scale — 70 million users, over $1 trillion in annual volume — this isn’t a meme; it’s…

Bitcoin options volatility snaps back as hedging flows cluster around $82k

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After Bitcoin pushed into the $82,000–$83,000 band, short‑dated implied volatility has bounced from late‑2025 lows, with a roughly $2 billion short‑gamma pocket around $82,000 turning dealer hedging into a potential amplifier of every move. Summary After Bitcoin pushed into the $82,000–$83,000 band, short-dated implied volatility has rebounded sharply, with 1‑week IV up about 6 vol points from its October 2025 lows, signaling renewed demand for short-term optionality. Glassnode says the 25‑delta skew is compressing toward neutral and the volatility risk premium has flipped positive, meaning options now price higher future…

Australian police seize $4.1 million in Bitcoin in major dark web crackdown

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Crypto‑forensics-led NSW raid seizes 52.3 BTC as AUSTRAC’s 2026 rules tighten the noose on darknet‑linked exchanges and weakly regulated VASPs. Summary New South Wales police seized 52.3 BTC worth about $5.7 million AUD ($4.1 million) in one of Australia’s largest dark web‑linked crypto busts. Two men were arrested after a 15‑month Strike Force Andalusia investigation into an alleged darknet marketplace dealing in drugs and weapons. The seizure comes as AUSTRAC rolls out tougher AML rules for virtual asset service providers, including mandatory travel rule compliance from July 1, 2026. New…

BTC falls under $80K as Bitcoin ETFs record first May outflows

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U.S.-listed spot Bitcoin ETFs recorded $277.5 million in net outflows on Thursday.  Summary Spot Bitcoin ETFs recorded $277.5 million in outflows, ending five days of strong inflows Thursday. Fidelity and BlackRock led redemptions as Bitcoin slipped below $80,000 during volatile intraday trading sessions. Morgan Stanley’s MSBT still attracted inflows, showing uneven demand across U.S. Bitcoin ETF products Thursday. The move ended a five-day inflow streak worth nearly $1.7 billion, according to SoSoValue data. The reversal came as Bitcoin fell below $80,000 after trading above $82,000 a day earlier. Current market…

Bitcoin News Today: Why the $80K Support Is Under Threat Despite Institutional Momentum

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Bitcoin traded at $79,732 as of May 7, down 2% over 24 hours, after sharply rejecting a five-month high of $82,784 reached two sessions prior. This is not very bullish news for Bitcoin today. The reversal pulled BTC back below the $80,000 psychological threshold, a level it has now failed to structurally hold across three separate tests in four months. The analytical question is no longer whether Bitcoin can reach $80,000; it is whether the structural conditions exist to convert that level from a ceiling into a floor. On-chain data,…

Coinbase Buys $88 Million Worth of Bitcoin in Q1 2026

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Key Takeaways Coinbase purchased $88 million in bitcoin during Q1 2026, the company disclosed on its earnings call. The buy adds Coinbase to the growing list of publicly traded firms holding bitcoin on their balance sheet. Coinbase CFO Alesia Haas also revealed the company’s USDC deal with Circle cannot be terminated. Strong Accumulation Signal Coinbase, the only major U.S.-listed cryptocurrency exchange, added bitcoin to its corporate treasury during the first quarter of 2026, disclosing a purchase of $88 million worth of the digital asset on its Q1 earnings call, a…

Germany weighs ending Bitcoin’s tax-free holding rule by 2027

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Germany has prepared plans to tighten cryptocurrency taxation from 2027, putting the country’s long-standing tax-free holding benefit for Bitcoin and other digital assets under renewed scrutiny. Summary Germany is considering new crypto tax rules that could end the country’s one-year Bitcoin holding exemption from 2027. Finance Minister Lars Klingbeil linked the proposed changes to plans for raising an additional 2 billion euros in tax revenue. Finance Minister Lars Klingbeil said during an April 29 presentation of Germany’s 2027 federal budget that the government intends to “tax cryptocurrencies differently” as part…