Category: Bitcoin News

$150 Million in Crypto Shorts Liquidated in 60 Minutes as Bitcoin Clears $80,000

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Key Takeaways: $150 million in crypto shorts were liquidated in 60 minutes as bitcoin crossed $80,039. Binance futures showed a 62.8% short ratio before the breakout, one of the most lopsided setups in months. Sustained ETF inflows and institutional absorption make a pullback below $80K structurally harder to sustain. A Market Built for Pain The liquidation data was confirmed within an hour of bitcoin’s confirmed break above $80,000. The scale of the losses clearly implies how aggressively traders had positioned for a near-term downside move. Binance futures data showed the…

Strategy pauses Bitcoin buying, STRC dividend draws fire

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Strategy has halted Bitcoin purchases for the week ahead of its first-quarter earnings release and rising scrutiny around its preferred stock dividend. Summary Strategy has paused Bitcoin purchases for the week ahead of its first quarter earnings report, with Michael Saylor confirming no buys in a Sunday update. The company last acquired 3,273 BTC for $255 million, taking total holdings to 818,334 BTC valued at roughly $63.7 billion. Analysts expect a $18.98 per share loss, while criticism has intensified around STRC’s 11.5% dividend and its long-term sustainability. According to a…

Despite Warsh Replacing Powell at the Fed, Traders See No Rate Cut Coming in June – Bitcoin News

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Key Takeaways: Kevin Warsh cleared a 13-11 Senate Banking Committee vote on April 29, replacing Powell as Fed Chair in May 2026. Polymarket traders priced a 96% chance the Fed holds rates steady at the June 17 FOMC meeting. Warsh signals rate cuts tied to AI productivity gains, but inflation at 3.3% may limit his options in June. Kevin Warsh to Step In as Fed Chair, but Markets Still Price a June Rate Hold Above 93% Jerome Powell hosted his final FOMC meeting as chairman on the same day Warsh…

Dormant Wallets Spend 793 BTC Over 72 Hours as Bitcoin Crosses $79,000

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Key Takeaways: Onchain data shows 793 BTC spent May 1-3, 2026, with 56 of 62 outputs originating from 2016 wallets. A single 110 BTC output created in June 2011 moved on May 1, signaling decade-old holders are still active. Activity spiked sharply on May 3 as bitcoin traded near $79,000, with 50 of 62 total outputs spent on Sunday. Onchain Data Tracks $62.5M Worth of BTC Leaving Old Wallets Since May 1 The last three days of May saw 62 spent outputs from dormant coins across the Bitcoin network, according…

Gareth Soloway Warns Bitcoin Could Drop to $50K as Bear Flag Tightens at $85,000

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Key Takeaways: Gareth Soloway of Verified Investing warns bitcoin could drop 38% to $50,000 as a bear flag pattern takes hold. Soloway told David Lin that recession odds have shifted to 2027, driven by $700 billion in annual AI capex from mega-cap firms. Natural gas stands as Soloway’s lone near-term buy, with a breakout above $2.88 signaling a potential rotation from oil. Soloway Tells David Lin Bitcoin Faces 38% Drop, Stays Short the S&P 500 In a recent video published on TDLR, Gareth Soloway drew a direct line between today’s…

Bitcoin Technical Setup Points to Key Breakout Zone Near $80K – Bitcoin News

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Key Takeaways: Bitcoin holds $78K on May 3, 2026, as market data shows consolidation below $80K resistance. TradingView indicators show 62 RSI and mixed signals, signaling indecision across crypto markets. Bitcoin tests $80K zone; break or rejection may drive next 5% to 10% move in the coming sessions. Bitcoin Chart Outlook The daily chart structure for bitcoin reflects a transition phase from a prior macro downtrend into a developing recovery pattern. Price action has established higher lows following a rebound from the $60,000 region, signaling an improving market structure. However,…

Strategy Invests $2.57 Billion in Bitcoin as AJC Mining Launches New Bitcoin Cloud Mining Contracts

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Entering 2026, the global cryptocurrency market remains highly active. Strategy’s $2.57 billion Bitcoin purchase once again highlights institutional investors’ continued interest in the long-term value of Bitcoin. It has also brought greater attention to Bitcoin Cloud Mining and Cryptocurrency Mining among global users. As Bitcoin and crypto assets become more widely adopted, more users are looking for ways to participate in cryptocurrency mining. However, traditional mining usually requires purchasing mining machines, covering electricity costs, and having the technical ability to maintain equipment. For ordinary users, the entry barrier can be…

Strategy Skips Weekly Bitcoin Buy After 108 Total Purchases, 818,334 BTC Holdings

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Key Takeaways: Strategy paused bitcoin purchases after its latest disclosed $255 million BTC acquisition. Investors shifted focus toward MSTR’s leverage, reserves, volatility, and bitcoin exposure. Traders will keep watching Saylor’s orange-dot posts for the next buy signal. Strategy Pause Shifts Focus Toward Bitcoin Exposure Strategy Inc. (Nasdaq: MSTR) paused bitcoin purchases this week, interrupting a closely watched signal cycle tied to Michael Saylor’s orange-dot chart posts. Saylor confirmed the halt in a May 3 public update, while Strategy’s dashboard still showed 818,334 BTC and active market metrics. The pause shifted…

Bitcoin Difficulty Falls 2.3% as Hashrate Slips Below 1 ZH/s and Block Times Slow

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Key Takeaways: Bitcoin difficulty fell 2.3% on May 1, marking 6 cuts in 2026 as hashrate dipped below 1 ZH/s. Over the last seven days, Foundry USA mined 31.51% of 987 blocks, and with Antpool and ViaBTC combined, it pushes the three pools’ share to 58.35%. Hashprice rose to $37.52/PH/s as block times hit 10:28, with another difficulty adjustment eyed around May 17. Bitcoin Adjustment at Block 947520 Cuts Difficulty 2.3% The network’s computational power on Sunday, May 3, 2026, has ranged between 899 exahash per second (EH/s) and 958…

Algorand jumps while Bitcoin and XRP stay range-bound

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Bitcoin failed to hold its weekend move near $79,000 as traders weighed the latest FOMC decision, U.S.-Iran tension, and mixed altcoin action.  Summary Bitcoin rejected near $79,000 as traders stayed cautious after the Fed left rates unchanged again. Iran peace talks affected risk appetite, limiting Bitcoin’s follow-through despite support near $78,000 this week. XRP held its range while Algorand led altcoin gains with a strong daily advance. The wider crypto market stayed calm, while XRP held near $1.39 and Algorand led daily gains. Bitcoin traded near $78,402 after touching an…