Bitcoin slipped further below the $80,000 mark as US PPI data compounded the inflation problem from the US-Iran war and associated high oil prices. Bitcoin (BTC) fell below $80,000 into Wednesday’s Wall Street open as US inflation data continued to alarm. Key points: Read more
Metaplanet posted strong Q1 operating income driven by Bitcoin options revenue, but swung to a $728 million loss as BTC price declines triggered valuation markdowns. Tokyo-listed Metaplanet reported first-quarter operating income Wednesday of 2.27 billion Japanese yen (roughly $14.38 million) on net sales of about $19.5 million, implying an operating margin of 73.6% as surging Bitcoin option income more than tripled revenue from a year earlier, according to the company’s Q1 fiscal year 2026 earnings release. The strong operating performance contrasted with an ordinary loss of around $728 million, driven mainly by non-cash valuation losses as Bitcoin's price declined during the period, and the company marked its expanding Bitcoin (BTC) holdings lower. The price of Bitcoin fell around 24% during the quarter, from around $87,000 on Jan. 1 to roughly $66,000 on March 31, according to data from Coingecko. Read more
Strategy’s potential 3,127 BTC buy this week, alongside falling stablecoin dominance, suggests more capital may enter the Bitcoin market. Bitcoin (BTC) may reach $100,000 by June as Strategy’s renewed buying power and falling stablecoin dominance suggest liquidity is returning to crypto. Key takeaways: Strategy’s preferred stock, Stretch (STRC), has reclaimed its critical $100 par value, restoring one of the company’s funding mechanisms for Bitcoin purchases, data from STRC.LIVE shows. Read more
Bitcoin reduces its drop from all-time highs to 35% in a move that sparked new BTC price all-time highs "within a year" on seven occasions in the past. Bitcoin may have a roughly 77% chance of reaching new all-time highs within a year if historical BTC price patterns repeat. Key points: New research from network economist Timothy Peterson released on Tuesday shows what happens when BTC/USD claws back significant losses. Read more
Jane Street cut Bitcoin ETF holdings sharply in Q1 2026, including IBIT and FBTC, while adding at least $82 million in Ether ETF exposure. Wall Street market maker Jane Street reduced its exposure to Bitcoin exchange-traded funds (ETFs) in the first quarter of 2026 while increasing positions in Ether funds. Jane Street cut major Bitcoin ETF holdings in Q1 2026, including BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC), according to a 13F filing published Tuesday. IBIT holdings fell about 71% from Q4 2025 to roughly 5.9 million shares valued at about $225 million, while FBTC dropped about 60% to around 2 million shares worth roughly $115 million. Read more
Bitcoin showed fresh signs of volatility as US CPI inflation saw new multiyear highs on oil price hikes thanks to the US-Iran war. Bitcoin (BTC) saw classic volatility ahead of Tuesday’s Wall Street open as a key US inflation gauge hit its highest levels in three years. Key points: Read more
Exodus Movement reported a $32.1 million net loss in Q1, with revenue down 36.8% to $22.7 million amid a drop in monthly active users. Exodus Movement reported a net loss of $32.1 million for the first quarter of 2026, more than double the $12.9 million loss recorded in the same period last year, as the crypto wallet company liquidated the bulk of its Bitcoin treasury to fund acquisitions. Total revenue came in at $22.7 million for the three months ended March 31, down 36.8% from $36 million a year earlier, the company announced Monday. Exchange aggregation, the company’s main business line, drove most of the decline, sliding $13.8 million, or 40.8%, as user trading volumes dried up. Monthly active users dipped to 1.5 million from 1.6 million a year ago, while quarterly funded users fell more sharply, dropping 22.2% to 1.4 million from 1.8 million. Read more
A growing cluster of bearish indicators points to a possible Bitcoin pullback toward $71,000, potentially easing the whale’s $13 million net losses. A Bitcoin (BTC) whale is now down about $13 million as BTC price has rebounded by around 40% from its February lows. However, the trader continues to stand by the short position. Key takeaways: Known by the moniker 'pension-usdt.eth,' the trader is short 1,000 BTC, worth about $81.06 million, with 3x cross leverage, according to data gathered by HypurrScan.IO. Read more
The current Bitcoin bear market drawdown is far smaller than previous bear markets, as steady ETF inflows and corporate Bitcoin buying continue to absorb selling pressure. Bitcoin (BTC) is currently down 36% from its all-time high at $126,000, but one analyst claims that BTC’s fourth bear market has “materially decoupled” from previous bearish cycles, due to exchange-traded fund (ETF) inflows and corporate BTC accumulation. Bitcoin Bond Company CEO Pierre Rochard compared Bitcoin’s drawdowns across previous market cycles and said the current correction looks different from the past bear markets. The 2013–2015 cycle wiped out roughly 85% of Bitcoin’s value, while the 2017–2018 and 2021–2022 cycles saw declines of nearly 77% before the price bottomed. The current dip has been relatively smaller. Bitcoin fell to around $60,000 from its all-time high near $126,000, marking a decline of about 52%. Read more