Category: Bitcoin News

Bitcoin open interest jumps nearly 6% as traders re‑lever into futures

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Bitcoin futures open interest has climbed 5.92% to $57.621b, signaling traders are re‑levering into BTC derivatives as open positions concentrate on a few major exchanges. Summary Coinglass data show Bitcoin’s total futures and perpetual contract open interest rose 5.92% in the past 24 hours, reaching $57.621 billion across major venues. Binance leads with $10.553 billion in BTC open interest, followed by Gate at $5.323 billion, Bybit at $4.725 billion, and OKX at $3.349 billion, underscoring how concentrated leverage remains. Rising open interest with relatively modest spot moves often signals traders…

Bitcoin May rally ahead? $79K breakout could decide

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Bitcoin traded at $77,250 at press time, with 24-hour volume at $30.89 billion, per crypto.news data.  Summary Bitcoin must break $79,000 to target the next resistance zone between $86,000 and $88,000. More than 10,000 BTC moved to exchanges last week, raising short-term selling pressure concerns. Analysts remain split as Bitcoin holds an uptrend while May seasonality shows no clear bearish pattern. The asset gained 2% in the past day but remained down slightly over seven days. The price has recovered from earlier weakness and now trades in a short-term uptrend.…

SBI adds Bitcoin, Ethereum and XRP rewards in Visa card push

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SBI Group has partnered with Visa on a credit card product that allows users to earn crypto assets through card rewards.  Summary SBI’s Visa card lets users earn crypto rewards in Bitcoin, Ethereum, and XRP. SBI VC Trade and Aplus will support the crypto rewards and card service. SBI is also discussing a Bitbank deal to expand its Japan crypto exchange presence. The card supports Bitcoin, Ethereum, and XRP rewards through SBI VC Trade and Aplus. The product links daily card spending with crypto rewards. It also shows SBI’s continued…

Bitcoin’s 46-day funding drain set the stage for this week’s wipeout

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin funding rates stayed negative for 46 days, the longest since 2023, forcing shorts to pay longs daily. Summary Bitcoin funding rates stayed negative for 46 consecutive days, the longest such streak since 2023. An estimated 30 to 40 percent of short margin was eroded by funding costs before Strategy’s $2.54B purchase triggered the final squeeze. Over $427 million in short positions were liquidated after weeks of margin drain,…

Riot Q1 results show Bitcoin pressure and AI data center growth

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Riot Platforms reported first-quarter 2026 revenue of $167.2 million. This compares with $161.4 million in the same quarter last year. Summary Riot generated $167.2 million in Q1 revenue as data center income reached $33.2 million. AMD doubled its contracted Riot data center capacity to 50 megawatts after exercising an option. Riot sold 3,778 BTC in Q1 and later transferred another 500 BTC to NYDIG. The company produced 1,473 Bitcoin during the quarter. That was lower than 1,530 Bitcoin produced in the first quarter of 2025. Riot recorded its first quarter…

Bitcoin Miner Riot Platforms Offloads Another 500 BTC to NYDIG, Extending Sell Streak

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Key Takeaways: Riot deposited 500 BTC worth $38.24M to NYDIG, extending its sustained 2026 sell streak. The move adds persistent supply pressure from one of the largest publicly listed bitcoin miners globally. Analysts are watching whether sustained miner liquidation will cap BTC price gains heading into Q2 2026. Offloading continues Onchain data confirms the latest transfer, with the 500 BTC deposit not being an isolated event. The firm has been channeling mined bitcoin to NYDIG on a recurring basis, raising questions about the company’s treasury strategy and what the pattern…

Bitcoin community launches Bitcoin Beyond 66 AI tool to counter energy concerns

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A Nordic Bitcoin education group has released an open-source AI database designed to generate evidence-backed responses to common criticisms about Bitcoin’s environmental impact and energy use. Summary Bitcoin Beyond 66 has launched an AI database that generates evidence-based responses to claims about Bitcoin’s environmental impact and energy use. The tool draws on more than 22 peer-reviewed studies and cites Cambridge research showing over 52% of Bitcoin mining uses renewable energy. Users can input criticism and receive structured replies, with response tones ranging from direct to balanced or soft depending on…

US Debt Nears $39T GDP Mark for First Time Since 1946, Validating Bitcoin

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Key Takeaways: U.S. national debt topped 100% of GDP for the first time since 1946, eclipsing the nation’s entire annual economy. Bitcoin’s fixed 21 million supply makes it a direct hedge against debt-driven dollar debasement. Institutional BTC demand has held firm, with spot ETFs recording $14.75M in net inflows on April 30, 2026. US National Debt Tops GDP for First Time Since WWII At nearly $39 trillion, the debt load now eclipses America’s full-year economic output, and there is no credible political path to reversing the trend in the near…

Stablecoins surpass Bitcoin in purchases across Latin America

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Latin American users have increased their reliance on stablecoins, with dollar-pegged tokens now accounting for a larger share of crypto purchases than Bitcoin. Summary Stablecoins accounted for 40% of crypto purchases on Bitso in 2025, overtaking Bitcoin at 18% for the first time. Bitso said nearly 10 million users are increasingly using dollar-pegged tokens to store value and send payments in inflation-hit economies. Bitcoin remained in 52% of portfolios in 2025, with Bitso describing it as the region’s primary long term store of value. According to Bitso’s 2025 crypto adoption…

Bitcoin Price Recovery Near Resistance, Breakout Or Rejection Next?

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Bitcoin price started a recovery wave above the $76,500 zone. BTC is consolidating and might aim for more gains if it clears the $76,750 resistance zone. Bitcoin managed to form a base above $75,000 and started a recovery wave. The price is trading below $77,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $76,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $77,000 zone. Bitcoin Price…