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Bitcoin struggles below $80,000 as Asian trading lags and Hong Kong AI IPOs attract capital.

Market News
04 May 2026
Coindesk
View Source
Neutral
pluang ai news

Bitcoin repeatedly tests but fails to break above $80,000, facing resistance near $80,700 from short-term holders. Asian trading hours have dragged on bitcoin returns, with Hong Kong's spot bitcoin ETFs largely inactive and regional capital shifting to a booming AI and tech IPO market in mainland China. U.S. spot bitcoin ETFs also saw outflows and weaker buying pressure, causing the recent rally to lose momentum. The market now views $80,000 as the top of a trading range ahead of Friday's U.S. payrolls report, which could be a key catalyst for the next move in bitcoin's price.

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FDA approves Fabhalta as first drug to significantly slow kidney decline in IgAN patients

FDA approves Fabhalta as first drug to significantly slow kidney decline in IgAN patients

The FDA has granted traditional approval to Fabhalta (iptacopan), a first-in-class complement inhibitor, for slowing kidney function decline in adults with primary immunoglobulin A nephropathy (IgAN). Fabhalta showed a 48% slower decline in kidney fu...

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Dogecoin price struggles below key resistance, bears keep control amid weak momentum.

Dogecoin price struggles below key resistance, bears keep control amid weak momentum.

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CASHCAT faces bearish pressure, struggling to break key resistance around $0.125-$0.133.

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CASHCAT cryptocurrency remains under strong selling pressure, unable to recover past key resistance levels between $0.125 and $0.133. The token has stabilized near $0.10 but continues to show a bearish trend with lower highs and lows since its peak a...

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Cronos leads altcoins with 7.43% gain amid mixed crypto market moves

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Cronos (CRO) surged 7.43% to $0.0597, leading gains among altcoins due to strategic partnerships and ecosystem growth. Other notable gainers included Beldex, Stable, Mantle, and Polkadot, each rising between 2% and 6%. Conversely, Lighter fell 10.43%...

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