Bitcoin fell below $80,000 to around $79,100 after the US Producer Price Index (PPI) for April 2026 showed a sharp inflation rise, with a 1.4% monthly increase and 6.0% yearly surge. This unexpected inflation spike pushed the Federal Reserve to maintain higher interest rates longer, strengthening the US Dollar and reducing appetite for risk assets like Bitcoin and Ethereum. The drop triggered over $300 million in liquidations and shifted market sentiment from greed to fear. Technically, Bitcoin broke below its 50-day moving average, with $75,000 as the next key support level if selling continues. Ethereum also fell below key support, prompting investors to seek safer storage options amid volatility.
In Q1 2025, Jane Street, a major quantitative trading firm, cut its Bitcoin ETF holdings while increasing exposure to Ethereum ETFs and Galaxy Digital, a crypto financial services company. This shift suggests a portfolio rebalancing strategy rather t...
Legendary trader Peter Brandt cautions that the recent Bitcoin price increase is not the start of a new bull market but a temporary move within a bearish channel. This view is supported by rising US inflation data, with producer price index (PPI) inf...
Trading volume in altcoins outside the top five cryptocurrencies has recently surpassed long-term averages, signaling growing interest beyond major assets like Bitcoin and Ethereum. This shift, seen in CryptoQuant data, suggests a potential capital r...
Cryptocurrency markets exhibit mixed performance with Bitcoin falling 1.22% to $79,669 and Ethereum down 0.40% to $2,263.44. Binance Coin stands out with a 2.64% increase to $671.45, while other coins like Solana and TON experience notable declines. ...
Strategy, led by Michael Saylor, purchased an additional 2,110 Bitcoins on May 13, 2026, funded by proceeds from its STRC preferred share program. This brings Strategy's total Bitcoin holdings to approximately 820,979 BTC, about 4% of the total Bitco...
