Bitcoin's price dropped to nearly $74,300, its lowest since April 20, as investors withdrew over $2.26 billion from U.S.-listed spot Bitcoin ETFs in two weeks. The decline, about 10% below its May 6 peak, is driven by rising U.S. Treasury and global bond yields, which make traditional fixed-income assets more attractive than non-yielding cryptocurrencies. This shift in investor sentiment is compounded by geopolitical tensions boosting commodity prices and growing interest in SpaceX's upcoming IPO. These factors are increasing volatility and downward pressure on Bitcoin and the broader crypto market in 2026.
Bitcoin has surpassed the key resistance level of $64,360, signaling strong buyer control and bullish momentum. The price currently trades around $66,153, with increased trading volume and technical indicators like MACD and CMF supporting continued u...
Jordi Visser, president of Weiss Multi-Strategy Advisers, acknowledges that Bitcoin is currently unpopular and trading below its 200-day average, causing investor hesitation. However, he remains bullish on Bitcoin's long-term value, especially as AI ...
A cryptocurrency wallet linked to BitMEX co-founder Arthur Hayes purchased 3,000 ETH worth about $5.42 million following a US-Iran peace agreement that improved market sentiment. This move aligns with Hayes' bullish outlook on Ethereum despite his re...
Bitcoin jumped above $66,000, with Ethereum, XRP, and Dogecoin also rising up to 13% following a U.S.-Iran peace agreement that increased investor risk appetite. Despite significant trader liquidations totaling over $600 million in 24 hours, spot Bit...
Last week marked the fifth consecutive week of outflows from Spot Bitcoin ETFs, with $405.2 million withdrawn despite Bitcoin's price rising from $61,000 to $65,000. Similarly, Ethereum ETFs experienced significant outflows totaling $405.2 million, e...
