Bitcoin's price briefly recovered to nearly $82,000 in early May but then fell below $80,000 due to profit-taking and weakening momentum. This decline was mirrored by sharp drops in major altcoins like Solana and Cardano. Institutional caution grew as U.S. Spot Bitcoin ETFs saw $290 million in outflows and Ethereum ETFs lost $65.66 million, reflecting fading confidence amid rising U.S. Treasury yields nearing 4.6%. These macroeconomic pressures increase the opportunity cost of holding crypto, leading to cautious repositioning by institutions such as BlackRock. The crypto market's near-term recovery depends on stabilizing ETF flows and easing macro liquidity pressures.
Bitcoin dropped sharply to $77,614 following reports of potential US and Israeli military strikes against Iran, triggering a sell-off in risky assets including cryptocurrencies. This geopolitical tension caused over $40 billion in crypto market capit...
Bitcoin ETFs experienced a significant outflow of $1 billion in one week, ending a six-week streak of inflows. This drop is driven by investors rotating capital towards AI-related tech stocks like NVIDIA, Google, and Apple, alongside ongoing regulato...
The crypto market lost $90.3 billion in value within an hour on May 16, driven by U.S. inflation data that exceeded forecasts and ended expectations for Federal Reserve rate cuts. Bitcoin dropped to $77,678, while major altcoins like Ethereum, XRP, S...
Bitcoin's price dropped below $78,000 after a brief rally above $82,000 triggered by the US Senate Banking Committee's advancement of the Digital Asset Market Clarity Act. The decline reflects renewed macroeconomic pressures, including rising US 10-y...
Bitcoin fell below $78,000, hitting a low of $77,614, as fears of US and Israeli military strikes on Iran intensified. This decline erased Bitcoin's gains for the month and reduced its market cap by over $40 billion to $1.56 trillion. The geopolitica...
