Bitcoin's recent decline below $60,000 was mainly caused by institutional selling through spot bitcoin ETFs following higher-than-expected U.S. inflation data in April. Since the May 12 inflation report, U.S.-listed bitcoin ETFs saw $5.4 billion in net redemptions, while one major buyer, Strategy, accumulated about $2 billion in bitcoin. The upcoming May CPI report is crucial, as inflation above 4% could signal prolonged Federal Reserve rate hikes, potentially pressuring bitcoin further. Despite a possible short-term bounce, sustained recovery depends on inflation trends and ETF flows remain the key indicator to watch.
Bitcoin surged from around $64,000 to nearly $79,500 last week, supported by $2.6 billion in inflows to US spot bitcoin and ether ETFs, the strongest since October 2025. Improved liquidity from US Treasury bond purchases and clearer crypto regulation...
Jiang Zhuoer, founder of BTC.TOP, has shifted from a bearish to a bullish outlook on Ethereum, predicting it could outperform Bitcoin in the current market cycle. After closing short positions on ETH at a loss due to its rapid recovery, he now holds ...
Bitcoin surged from $63,000-$65,000 to around $77,000 in a few days, breaking above its long-term moving average near $71,689, signaling a major momentum shift. The rally, supported by strong trading volume, puts the $80,000 resistance level in focus...
Abraxas Capital, a London-based digital asset firm managing over $4 billion, has taken large short positions totaling around $783 million on Hyperliquid, including major tokens like ETH, Bitcoin, HYPE, and Solana. To hedge these short positions, the ...
Grayscale Investments highlights factors supporting Bitcoin as a long-term investment despite recent price weakness. Key points include ongoing structural growth in Bitcoin adoption driven by government deficits, blockchain integration, and younger i...
