Bitcoin surged past $80,000 on May 4, 2026, driven by a massive short squeeze and heavy institutional buying, particularly from U.S. spot bitcoin ETFs. This breakout ended weeks of price consolidation and liquidated over $150 million in short positions within an hour. Institutional demand, absorbing over 500% of daily mined bitcoin, signals a potential rise toward $96,000. The $80,000 level now acts as support, with further gains possible if bulls hold, especially as short sellers remain heavily positioned around $85,000. Upcoming earnings from Strategy (formerly Microstrategy) may influence market sentiment further.
Despite Bitcoin's recent 10% recovery, analyst Ali Martinez warns the next bull market is not imminent. He points to the Cumulative Value Days Destroyed (CVDD) metric, which last marked a market bottom when Bitcoin hit around $48,000. Martinez sugges...
Bitcoin surged past $66,000 while Ethereum and Solana also gained, driven by easing geopolitical tensions and renewed risk appetite. Despite about $3 billion in outflows from Bitcoin ETFs, experts say this reflects market maturation rather than decli...
Three major institutions—Galaxy Digital, NYDIG, and Standard Chartered—disagree on whether Bitcoin has hit its bottom, with estimates ranging from not yet to around $59,000. Bitwise CIO Matt Hougan argues the focus should be on their shared view that...
Bitcoin investors have added a net total of approximately 259,000 BTC between the price range of $59,000 and $67,000 over the past 10 days, according to Glassnode data. This buying activity spans all wallet sizes, from small retail holders to large w...
Bitcoin surged past $66,500 following the Bank of Japan's interest rate increase to a 31-year high, boosting crypto market confidence. Altcoins Stellar's XLM, Injective's INJ, and Uniswap's UNI saw gains between 13% and 16%, with UNI benefiting from ...
