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Bitcoin rebounds 25% despite rising yields and Middle East tensions, signaling strong institutional support.

Market News
17 May 2026
Blockonomi
View Source
Bullish
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Bitcoin has surged 25% from recent lows amid rising bond yields and escalating Middle East tensions, showing notable resilience compared to other risk assets. Institutional interest remains strong, with Bitcoin ETFs hitting all-time highs in assets under management and holders, indicating sustained accumulation by smart money. The Bitcoin-to-Gold RSI is at its lowest ever, historically a bullish sign, and the 200-week moving average remains intact, suggesting the bear market is not confirmed. Analysts see the current dip as a technical correction rather than a shift in momentum, with potential support around $70,000 but overall bullish outlook prevailing.

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Ethereum outperforms Bitcoin amid early large-cap rotation in crypto markets.

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Ether jumps 11% as BlackRock's spot ETFs attract $96M, outpacing Bitcoin's 4% gain this week

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Market News
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Technical Signals
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Bitcoin steadies near $65,500 as Ethereum breaks $1,900 amid soft inflation and market caution.

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Neutral
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