Tag: Bitcoin

Bitcoin Mining Stocks Rally as AI Infrastructure Boom Accelerates

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Several Bitcoin mining stocks rallied Tuesday, reflecting a broader equity surge driven by optimism around artificial intelligence productivity gains as more miners pivot toward AI and high-performance computing workloads. In addition to TeraWulf (WULF), which rallied by as much as 17% on news of a Kentucky data center acquisition site, Hut 8 (HUT), IREN (IREN) and Riot Platforms (RIOT) closed more than 5% higher on the day. The rally underscores growing investor enthusiasm for Bitcoin miners that are repurposing parts of their energy infrastructure and data center capacity to support…

Smarter Web Adds Bitcoin Below Cost Basis as Leverage Questions Grow

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The Smarter Web Company has increased its Bitcoin holdings after buying another 10 BTC, adding to its growing treasury strategy. Summary The Smarter Web Company purchased 10 more Bitcoins and raised its total holdings to 2,869 BTC. The company used its Coinbase credit facility to support its Bitcoin treasury strategy while keeping leverage at about 12.19%. The latest purchase places the firm among publicly listed Bitcoin treasury companies expanding their BTC reserves. The Smarter Web Company said in a May 26 disclosure that it purchased 10 Bitcoin at an average…

Bitcoin Dips Below $76,000 as Traders Dump Longs and Momentum Fades

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Key Takeaways On Tuesday morning, bitcoin suffered a $2,000 flash crash that erased its recent weekend gains. The sudden market volatility triggered nearly $350 million in liquidations across the crypto space. U.S. and Iran negotiators are expected to continue tense diplomatic talks for several more days. Military Clashes Derail Weekend Rally Bitcoin’s trademark volatility was triggered anew on Tuesday morning, as a violent flash crash erased $2,000 in value in a mere three-hour window. The number-one cryptocurrency tumbled below the psychologically important $76,000 support level, violently rejecting its earlier high…

Bitcoin treasury Strive buys $85.4M to beat Coinbase

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Strive Bitcoin treasury holdings reached 16,500 BTC after an $85.4 million buy that leapfrogged both Coinbase and Riot Platforms. Summary Strive (NASDAQ: ASST) disclosed via 8-K on May 26 that it purchased 1,109 Bitcoin for $85.4 million at an average of $76,988 per coin between May 19 and May 22. The purchase pushes Strive past Coinbase’s 16,492 BTC and Riot’s 15,680 BTC holdings, making it the seventh-largest public corporate Bitcoin holder per BitcoinTreasuries data. Strive reported a 23.4% year-to-date Bitcoin yield and an amplification ratio of 45.2%, funding purchases through…

Major Blackrock Eth ETF News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ethereum is showing strong bullish signals, with analysts predicting a major rebound after a technical bottom, supported by its history of massive long-term returns outperforming Bitcoin and other assets. At the same time, institutional adoption is accelerating—highlighted by BlackRock’s Ethereum staking ETF and Ethereum’s dominance in tokenized assets and total value locked. Growing stablecoin activity and major financial players like Coinbase and Amundi further reinforce Ethereum’s role as the leading infrastructure for tokenization and institutional crypto adoption. Timestamps 00:00 Ethereum fundamentalswith institutional…

Bitcoin Spikes to $78,000 in Short Squeeze While US Stocks Hit New Highs

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Bitcoin (BTC) saw flash volatility around Tuesday’s Wall Street open as US-Iran nerves rocked risk assets. Key points: Bitcoin briefly taps $78,000 as volatility returns to markets at the Wall Street open. US stocks hit new all-time highs, while crypto continues to underperform. Positive funding rates spark fresh warnings over Bitcoin’s immediate outlook. Bitcoin neutralizes longs and shorts in volatile moves Data from TradingView showed BTC/USD hitting $78,000 — its highest since Thursday — before abruptly heading lower. BTC/USD one-hour chart. Source: Cointelegraph/TradingView In doing so, the pair liquidated both short…

Cathie Wood doubles down on Bitcoin with bold $1.25M prediction

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Cathie Wood has raised her long-term Bitcoin forecast to as high as $1.25 million, even as the cryptocurrency trades below key resistance levels during another period of macro uncertainty. Summary Cathie Wood raised ARK Invest’s five-year Bitcoin target to $750,000 in its base case and $1.25 million in its bull-case scenario. ARK Invest’s Big Ideas 2026 report projected Bitcoin’s market capitalization could grow from $2 trillion to $16 trillion by 2030. Bitcoin traded near $77,000 as ETF outflows, Fed rate concerns, and U.S.-Iran tensions continued pressuring crypto markets. Speaking in…

Bitcoin snaps back above $78k in sharp short squeeze

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Bitcoin briefly reclaimed the $78,000 level in a violent short squeeze that added roughly $30 billion to its market capitalization within an hour, before volatility quickly returned. Summary Bitcoin jumped around $1,400 in a single hour to trade back above $78,000 Roughly $25 million in short positions were liquidated during the move Traders remain split on whether the spike marks a sustained breakout or another fake-out Bitcoin (BTC) ripped roughly $1,400 higher in about an hour on Tuesday, spiking back above $78,000 as a wave of forced liquidations flushed out…

Analysts Flag $79K Resistance After $766M Bitcoin Liquidation Wipes May Gains

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Key Takeaways Bitcoin dropped nearly 10% to $74,027 on May 23 as a $766M liquidation event wiped BTC longs. Bitfinex analysts warn $79,000 acts as heavy breakeven resistance, capping near-term BTC recovery. Truth Social pulled its bitcoin ETF applications, citing fee compression and BlackRock’s market dominance. Long BTC Traders Sit Underwater as Bitfinex Report Points to $79K Breakeven Wall According to Bitfinex’s latest report, the May 23 deleveraging event this weekend wiped out $766 million in aggregate positions, including $458 million in longs, marking the largest single liquidation in three…

Bitcoin Analysis: The First Real Top Signal?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin has started to show the first warning signs that a larger corrective top could be forming. In this update, I explain why the rejection below the 21-week EMA matters, which support and resistance levels are now critical, and what would actually confirm that the B wave has topped. We also take a detailed look at Bitcoin seasonality using the MCO Terminal and explore why June has historically been one of the weakest months for Bitcoin performance, especially during midterm election years.…