Bitcoin's price surged past $80,000 on May 4, 2026, causing over $150 million in short positions to be liquidated within an hour. This sharp short squeeze was driven by a heavily short-biased market, with nearly 63% of Binance futures positions betting on a price drop. The sustained rally, supported by ETF inflows and institutional interest, makes a pullback below $80K less likely. If Bitcoin holds above $80,500, further liquidations could push the price toward $85,000, signaling strong upward momentum ahead.
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...
