Bitcoin surged past $80,000 on May 4, reaching its highest level since January 2026, driven by increased inflows into its derivatives market. The price briefly hit $80,617 before slightly retracting to around $79,760, pushing Bitcoin's market cap to $1.6 trillion. However, low spot demand and rising Bitcoin supply on exchanges suggest the rally is mainly fueled by leveraged traders, which may not be sustainable. Analysts predict a possible consolidation around $79,850 in the coming week, indicating a cautious near-term outlook.
Bitmine Immersion increased its Ethereum holdings by 42,197 ETH, worth about $74 million, raising its total to 5.74 million ETH or 4.8% of the circulating supply. Chairman Tom Lee credits this buying spree to rising investor optimism that the propose...
XRP's Binance Scarcity Index reached its highest level since 2024 as whales moved coins to non-custodial wallets, tightening supply and supporting price near $1.14. A BitGo whale transferred 114.9 billion Shiba Inu (SHIB) tokens to a new cold wallet,...
Cryptocurrency prices showed a general downward trend, with Bitcoin trading near $61,955, down 1.12%, and Ethereum at $1,747.46, down 0.88%. Other major coins like Binance Coin and Cardano also saw declines, while a few tokens experienced minor gains...
Bitcoin surged to around $62,800 after dropping below $58,000 earlier in July, signaling renewed confidence in the crypto market and easing concerns of a deeper fall to $50,000. Ether also recovered to about $1,760 following a recent dip. While major...
Bitcoin developer Luke Dashjr has dismissed calls to cancel BIP-110, a controversial proposal aiming to temporarily limit non-financial data like Ordinals and Runes on the Bitcoin network. The proposal seeks to preserve Bitcoin's core use as a peer-t...
