Bitcoin price briefly surged above $80,000 on May 4, 2026, driven by renewed geopolitical tensions around the Strait of Hormuz and ongoing strong institutional interest, including $630 million inflows into Bitcoin ETFs. The move coincided with U.S. President Donald Trump's announcement of "Project Freedom," aimed at safely guiding commercial ships through the Strait, which added geopolitical risk focus and influenced market sentiment. Analysts see $80,400-$80,500 as a key resistance zone, with potential upside toward $86,500 if broken, while support levels near $73,400 to $76,600 remain critical. Institutional whale activity and ETF flows suggest continued momentum, but traders remain cautious amid macroeconomic and energy price uncertainties.
Bitcoin and Ethereum prices rose by 1.20% and 1.32% respectively, boosting overall crypto market sentiment despite a decline in decentralized finance (DeFi) trading volume. Large-cap altcoins mostly gained, with Bitcoin dominance increasing to 58%, i...
Bitcoin held above $63,000 with a 5.5% weekly gain, while Ether led major cryptocurrencies with a 12.4% surge. Other tokens like HYPE and Solana also posted notable increases despite a strong dollar. Equity futures rose following record highs, with t...
While Bitcoin and Ethereum spot ETFs experienced significant outflows of $526 million and $14 million respectively last week, XRP and Solana ETFs saw positive inflows totaling $49 million. XRP ETFs have shown strong institutional demand, with total a...
Michael Saylor highlights that Bitcoin's biggest evolution over the next decade will come from the expansion of its financial ecosystem rather than changes to its protocol. He believes institutional adoption—through ETFs, corporate treasuries, banks,...
Bitcoin started July strong, trading above $63,000 after a tough first half of 2026, with a 6.09% weekly gain despite being down nearly 28% year-to-date. The rebound is driven by large holders aggressively buying the dip, while institutional demand w...
