Bitcoin surged past $80,000 to a three-month high of $80,617 on May 4, pushing its market cap over $1.6 trillion and suggesting the end of the recent crypto winter. The rally was partly driven by geopolitical tensions in the Middle East, including U.S. naval escorts through the Strait of Hormuz and missile interceptions by the UAE. These events caused oil prices to spike and increased market volatility, leading to $270 million in liquidations on leveraged bitcoin positions. Economists warn that without a peace deal between the U.S. and Iran, global recession risks may rise, keeping markets on edge.
Bitcoin and Ethereum experienced net inflows of approximately $216 million and $77 million respectively, indicating strong investor interest. In contrast, USD Coin (USDC) saw a significant net outflow of about $236 million, the largest among stableco...
Bitcoin's quantum discount has reached a record 30% due to delayed security upgrades against quantum computing threats, causing a significant undervaluation. XRP's 30-day MVRV indicator turned positive, signaling trader profits and a potential reboun...
Bitcoin surged past $66,000 following news that the US Clarity Act, which aims to clarify cryptocurrency regulations, is closer to becoming law. The legislation would distinguish cryptocurrencies as commodities or securities, providing clearer rules ...
Bitcoin surged to over $66,000, its highest in more than a month, driven by optimism that the US Clarity Act, a major crypto market regulation bill, will pass before next April. The bill aims to divide crypto oversight between the SEC and CFTC, openi...
Bitcoin's price has risen above $66,000, supported by institutional inflows through U.S.-listed ETFs and long-term holders accumulating coins. The White House's agreement on an ethics clause for the Clarity Act boosts hopes for the legislation's prog...
