Bitcoin experienced a deceptive 16-week spring rally in early 2026, which experts now identify as a classic fakeout preceding a significant price decline expected in June. Analyst Benjamin Cowen highlights that Bitcoin's price movements are following a 4-year cycle pattern, with the peak reached in October 2025 and a subsequent drop starting early 2026. Despite a temporary rally, Bitcoin failed to maintain gains above key moving averages, signaling further weakness. The true bottom is predicted around October to November 2026, after which a new upward trend may begin.
In May 2026, 165 dormant Bitcoin wallets collectively moved 5,073 BTC, including one inactive since 2010 that transferred 20 BTC worth $1.5 million. Wallets from 2014 and 2016 were especially active, with some holders consolidating rather than sellin...
ProCap Financial sold about 52 Bitcoin to repurchase two million shares trading at roughly a 50% discount to its net asset value (NAV). This move increased Bitcoin exposure for remaining shareholders by buying back shares below the value of the under...
Cryptocurrency markets saw a general decline with Bitcoin dropping about 2.9% to $71,395. Major altcoins like Binance Coin (BNB) and Bitcoin Cash (BCH) also fell significantly, by 6% and 5.63% respectively. Some smaller tokens showed gains, but the o...
Bitcoin's price fell below $73,000 last week due to ongoing ETF outflows exceeding $2.5 billion in May, geopolitical tensions between the US and Iran, and a lack of positive legislative news. Despite this, some experts see the current bear market los...
Bitcoin has been trading under $72,000 after closing May at $73,568, with analysts like Benjamin Cowen and PlanB signaling a likely decline toward $60,000. Market sentiment is cautious due to large ETF outflows, distribution by whales, and a hawkish ...
