Category: Bitcoin News

Benchmark cuts Strategy price target as Bitcoin thesis gets reset

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Benchmark has cut its 12‑month price target on Bitcoin treasury company Strategy from $705 to $570, keeping a Buy rating but marking its model to a cooler Bitcoin path after a brutal drawdown in both BTC and Strategy’s stock. Summary Benchmark has lowered its 12‑month price target on Bitcoin treasury company Strategy from $705 to $570, according to a new client note cited in market reports. The investment bank is maintaining its Buy rating, but is trimming upside assumptions after a sharp drawdown in both Strategy’s share price and Bitcoin.…

Bitfinex Analysts Flag $84,766 Trigger as Bitcoin Tests $81,500 After Sharp Reversal

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Key Takeaways Bitcoin hit $82,833 on Wednesday as Trump paused Gulf ship escorts and U.S.-Iran peace talks advanced. Geopolitical swings caused $188 million in liquidations, though Bitfinex saw $375 million in spot demand. Analysts eye a close above $84,766 to sustain the rally, while a drop below $78,000 would invalidate it. Geopolitical Shifts Drive Bitcoin to Multi-Month High Bitcoin surged to another multi-month high on Wednesday, May 6, after President Donald Trump announced a pause to an operation to escort ships stranded in the Gulf. The cryptocurrency was further boosted…

Arthur Hayes pegs Zcash target at 10% of Bitcoin price

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BitMEX co-founder Arthur Hayes says his target for Zcash is 10% of Bitcoin’s price, arguing ZEC’s latest rally is early innings despite mounting pressure on privacy coins. Summary BitMEX co-founder Arthur Hayes said his upside target for Zcash (ZEC) is 10% of Bitcoin’s price. Hayes argued on X that ZEC’s current rally “still has a lot of room for growth.” The call comes as privacy coins remain under regulatory pressure but periodically see sharp speculative moves. BitMEX co-founder Arthur Hayes has set an aggressive upside target for privacy coin Zcash,…

Hyperliquid Whale Faces $20.3M Wipeout as Bitcoin Nears $82,236 Liquidation Price

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Key Takeaways: Trader 0x128e opened a $20.32M, 40x BTC short on Hyperliquid, per Lookonchain. The $82,236 liquidation price sits within 1–2% of bitcoin’s current range, keeping the trade live. Hyperliquid has seen multiple 40x BTC shorts in 2026, including a prior position with $3.7M in losses. The Trade in Detail The trader, identified by wallet address 0x128e, deposited 499,900 USDC into Hyperliquid and opened a 40x leveraged short on 250 BTC, building a notional exposure of $20.32 million. Image source: X The liquidation price sits at $82,236, and with bitcoin…

CryptoQuant analyst flags $93k as key upside target for Bitcoin

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CryptoQuant flags Bitcoin’s unfilled $93k CME futures gap as a key upside “price magnet,” not a guaranteed destiny, for the next leg of the BTC cycle. Summary CryptoQuant analysts frame the $93k Bitcoin CME gap as a major liquidity and sentiment magnet, not a predetermined target. They argue CME gaps act as signal zones where positioning, liquidity and market psychology cluster, shaping likely price paths rather than providing hard forecasts. The remaining unfilled gap near $93k stands out because most CME gaps since mid‑2024 have closed, sharpening trader focus on…

Bitcoin price breaches $82K resistance, bullish crossover hints move to $85K next

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Bitcoin price climbed above the key $82,000 resistance level on Wednesday as easing Middle East tensions, falling oil prices, and continued spot ETF inflows boosted risk appetite across the crypto market. Summary Bitcoin climbed above $82,000 as easing Middle East tensions and falling oil prices improved appetite for risk assets. U.S. spot Bitcoin ETFs recorded over $5 billion in net inflows over the past month, including nearly $1.5 billion added in the last three trading sessions. Technical indicators, including a bullish MACD setup and breakout above key Fibonacci resistance, pointed…

Robert Kiyosaki says Bitcoin and Ether may outlast old retirement plans

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Robert Kiyosaki has renewed his warning on retirement pressure in 2026, saying baby boomers may face fresh financial strain as traditional savings models weaken. Summary Kiyosaki warned baby boomers may face retirement stress as traditional savings models weaken in 2026. He named Bitcoin, Ether, gold and oil as preferred assets during inflation and debt pressure. Critics question Kiyosaki’s forecasts because past crash warnings and price targets have missed timing. The Rich Dad Poor Dad author said on X that he saw a coming “Baby Boomer Retirement Disaster” as early as…

Crypto Traders Liquidate $66M Shorts as Bitcoin Spikes Past $82,000 Level

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Key Takeaways: Bitcoin climbed to $82,000 on May 6, gaining over $5,000 in value as geopolitical tensions eased. The rally pushed the total crypto economy past $2.8 trillion and sparked $54.6 million in liquidations. 10X Research notes that while bitcoin is up 7% this month, cautious investors await a macro catalyst. Bitcoin Momentum Builds On May 6, bitcoin briefly tapped $82,400 as it maintained momentum that has seen it add more than $5,000 to its value since the beginning of the month. Market data showed bitcoin, which had retreated to…

Gomining Launches GoBTC at Consensus Miami, Targeting Bitcoin’s Long-Awaited Payments Layer

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Key Takeaways: Gomining launched GoBTC at Consensus Miami in May 2026, targeting 12-hour BTC settlement at a 0.2% fee. The 0.2% merchant fee undercuts card processors charging 1.5–3.5%, with fees split between wallets and miners. Any wallet provider can integrate GoBTC; Gomining is dedicating a mining pool to confirm its transactions. What GoBTC Is At checkout, GoBTC gives merchants instant authorization, meaning transactions register in real time. Onchain settlement on the Bitcoin network finalizes within 12 hours, using Bitcoin’s base layer directly rather than routing through a sidechain, payment channel,…

CME plans Bitcoin volatility futures as hedging demand grows

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CME Group plans to launch Bitcoin Volatility futures on June 1, pending regulatory review.  Summary CME’s new futures will track Bitcoin volatility, not whether BTC rises or falls in spot markets. The contracts will settle to BVX, CME’s index for 30-day expected Bitcoin price swings. The launch follows CME’s move toward 24/7 crypto derivatives trading for institutional market access. The product will let traders take positions on Bitcoin’s expected price swings without betting on whether Bitcoin rises or falls.  The contracts will settle to the CME CF Bitcoin Volatility Index,…