Category: Bitcoin News

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…

Solv ditches LayerZero for Chainlink to protect tokenized Bitcoin

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Solv Protocol said it will move more than $700 million in tokenized Bitcoin assets to Chainlink CCIP.  Summary Solv is moving $700M+ tokenized Bitcoin to Chainlink CCIP after reviewing bridge security risks carefully. Kelp DAO’s rsETH exploit pushed more protocols to question LayerZero-linked single-verifier bridge setups in DeFi. Aave’s recovery process continued as liquidations cleared attacker positions, but frozen Ether remains disputed legally. The migration covers SolvBTC and xSolvBTC, which Solv uses across its Bitcoin finance products. The protocol said the decision followed an updated review of cross-chain systems and…

Bitcoin Must Hold $88.88K to Confirm a BTC Bottom, Analysis

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Key Takeaways $88.88K was identified as the first major resistance level above the current bitcoin price. Underwater holder cohorts could increase sell pressure as BTC approaches key realized price bands. Sustained acceptance above $88.88K would place the most recent holder cohort back into profit. Bitcoin UTXO Age Bands Show What Could Confirm a BTC Bottom Cryptoquant, an on-chain and market data analytics firm, shared analysis on X on May 7, outlining the price levels bitcoin may need to reclaim before traders can confirm a market bottom. BTC traded near $80,874…

Adam Back says bitcoin is winning the DeFi war

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Blockstream CEO Adam Back told Consensus Miami 2026 that bitcoin is winning a security war against DeFi, and that pension funds and sovereign entities are the next buyers. Summary Adam Back argued at Consensus Miami that Bitcoin’s simpler architecture is pulling institutional capital away from DeFi platforms hit by repeated smart contract exploits. He outlined Bitcoin adoption in three waves: retail ownership, spot ETF access, and now institutional allocation through managed portfolios and sovereign entities. Back estimated roughly 200 bitcoin treasury companies exist globally and said BlackRock model portfolio allocations…

Bitcoin lenders push crypto lending into TradFi

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Bitcoin lenders at Consensus Miami 2026 said crypto lending must look and feel more like traditional banking if it wants institutional capital to keep flowing in. Summary Two Prime CEO Alexander Blume said institutional borrowers reject DeFi complexity and demand standardized contracts, transparent custody, and clear legal accountability. Ledn CEO Adam Reeds said the most important question for borrowers is where their bitcoin is stored, while Lygos CEO Jay Patel said borrowers must now underwrite the lender. The panel reflected a broader post-2022 shift following the collapse of Celsius, Voyager,…

Why Big Finance’s Crypto Shift is Just the Beginning – Bitcoin News

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Key Takeaways At Consensus 2026, Eric Trump praised an 18-month crypto boom, predicting massive future market growth. Showing impact, JPMorgan now lets clients secure home mortgages using their bitcoin as collateral. Trump’s crypto allegiance comes after he discovered crypto while the Trump business was being debanked. Eric Trump Predicts Explosive Growth of the Crypto Market While the cryptocurrency industry has reached a sort of established status in the current financial system, some believe this is just the start. Eric Trump, son of President Donald Trump, co-founder and CSO of American…

American Bitcoin loses $82m as bitcoin price falls

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American Bitcoin posted an $81.8 million net loss in Q1 2026, even as the Trump-backed miner set a new quarterly production record of 817 BTC and cut its mining cost by 23%. Summary American Bitcoin reported an $81.8 million net loss in Q1, up from a $59.5 million loss in Q4 2025. Bitcoin fell 22% during the quarter, triggering a $117.2 million non-cash impairment charge on the company’s holdings. The company mined a record 817 BTC and reduced its cost per coin to $36,200, a 23% improvement from $46,900 in…

Michael Saylor says Strategy is turning Bitcoin into “digital credit” and “digital equity”

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Michael Saylor says Strategy is “converting digital capital Bitcoin into digital credit (STRC) and digital equity (MSTR),” pitching a three‑layer capital stack with BTC as reserve asset, STRC as yield‑focused credit, and MSTR as the levered equity layer. Summary Michael Saylor says Strategy is converting its Bitcoin “digital capital” into digital credit via STRC and digital equity via MSTR. STRC, a Bitcoin-backed perpetual preferred stock, has grown into an $8.5 billion “digital credit” product in under a year. The framework cements Strategy’s model: Bitcoin as reserve asset, STRC as yield-focused…