Bitcoin rose to around $81,025 on May 5, supported by $1.16 billion inflows into U.S. spot Bitcoin ETFs and whale purchases of 4,527 BTC worth $362 million. Despite the price rally, on-chain activity hit two-year lows, suggesting the surge is driven more by institutional demand and large holders than broad retail participation. Analysts highlight a key resistance near $83,000, with potential targets at $89,000 and $94,000 if Bitcoin closes above the 200-day moving average. Market conditions also improved due to reduced geopolitical tensions and better miner returns.
Anthony Scaramucci, founder of SkyBridge Capital, supports investing in Bitcoin and gold as protections against the US's growing national debt and potential inflation. He warns the US deficit could reach $55 trillion in a decade, eroding currency val...
S&P Global has excluded Bitcoin (BTC) and XRP from its crypto index because these cryptocurrencies do not generate revenue, despite their large market caps. This change reflects a shift in the index's criteria, prioritizing revenue-generating project...
Cryptocurrency markets display varied price changes, with Bitcoin trading around $66,629, up nearly 2%. Ethereum and Binance Coin also see modest gains. Notable increases include Monero (XMR) up 7.03% and ONDO surging over 12%. These fluctuations ref...
XRP, Cardano (ADA), Stellar (XLM), and Bitcoin (BTC) are showing early signs of bullish recovery after periods of decline. XRP is forming an ascending triangle with rising support, indicating potential for a longer recovery if resistance levels are o...
Bitcoin recovered from an early dip around $63,750 to surpass $66,000, hitting a monthly high. This rebound helped the total cryptocurrency market capitalization increase by about $70 billion in a single day. The rise also led to widespread gains acr...
