Bitcoin | Crypto

Bitcoin’s brief drop below $80,000 during the last 24 hours has exposed a more fragile market after weeks of gains, but options traders are not yet treating the pullback as the start of a deeper breakdown. According to CryptoSlate data, the retreat erased part of a rally that had carried Bitcoin about 37% higher since […] The post Bitcoin briefly slips below $80,000, but options traders are betting the dip won’t last appeared first on CryptoSlate.

Strike CEO Jack Mallers argued that if Wall Street “kills” Bitcoin, then the asset was never going to succeed in the first place. Bitcoin payments application Strike CEO Jack Mallers said that Wall Street’s growing involvement in Bitcoin poses no threat or conflict to the asset itself. “My one-word answer to that is no,” Mallers told Danny Knowles on the What Bitcoin Did podcast published to YouTube on Thursday, in response to whether institutional involvement threatens Bitcoin’s core principles. “If Wall Street getting into Bitcoin kills it, it was never going to be successful in the first place,” Mallers said. Read more

[PRESS RELEASE – London, United Kingdom, May 8th, 2026] GoBTC Pay is a protocol that lets consumers make native and instant payments on Bitcoin’s base layer. GoMining launches its own mining pool to prioritize GoBTC Pay transaction confirmation, targeting a 12-hour final on-chain settlement by the end of 2026. The launch marks a strategic expansion […]

Rising Bitcoin ETF outflows and liquidations signal short-term caution, but a weak DXY and the eventual appointment of a new Fed chair could resume the rally. Key takeaways: Bitcoin (BTC) stagnated near $80,000 on Friday following a rejection at $82,500. Traders grew anxious after US-listed spot Bitcoin exchange-traded funds (ETFs) posted $268 million in net outflows on Thursday.  Meanwhile, $270 million in leveraged bullish Bitcoin futures positions were liquidated within 24 hours, forcing investors to evaluate whether a sustained bear market is finally taking hold. Read more

Despite the short-term price recovery, Bitcoin remains in a bear market, according to CryptoQuant analyst Julio Moreno. Bitcoin profit-taking could accelerate as BTC prices climb to three-month highs and investors begin locking in gains, according to Julio Moreno, head of research at onchain analytics platform CryptoQuant. Holders realized 14,600 BTC in profits on Monday, or $1.1 billion, following Bitcoin's April rally, Moreno said, adding that this is the “highest” single day of profit-taking since Dec. 10, when BTC was trading above $90,000. Bitcoin holders' realized profits spike after the April rally. Source: CryptoQuant Read more

Institutional capital is returning to crypto as Bitcoin ETFs surge, prediction markets mature and banks accelerate tokenized finance adoption. Institutional capital is flowing back into digital assets, but this cycle looks very different from the last one. Prediction markets are beginning to attract serious attention from Wall Street, Bitcoin exchange-traded funds (ETFs) are once again seeing large inflows and venture giant a16z is loading up another multibillion-dollar crypto war chest. Meanwhile, traditional banks are quietly accelerating their push into tokenized finance infrastructure. Taken together, this week’s Crypto Biz points to a broader shift underway across the industry. Crypto companies are no longer just chasing retail traders — they’re increasingly building products for asset managers, banks, hedge funds and institutional investors looking for regulated ways to access digital assets. Read more

Bitcoin traders called a "healthy bullish backtest" as BTC price action kept them guessing over whether $80,000 could be reclaimed. Bitcoin (BTC) struggled with an $80,000 reclaim at Friday’s Wall Street open as strong US jobs data added to headwinds. Key points: Data from TradingView showed ongoing BTC price volatility as buyers and sellers sparked gyrations around the key $80,000 mark. Read more

Bitcoin’s 36% rally from $60,000 resulted in the relative strength index flashing a potential top signal not seen since early 2026. Bitcoin (BTC) traders expect a short-term correction as a key BTC price strength metric rises to its highest levels in almost fifteen weeks. Key takeaways: Read more

NSW Police said the Bitcoin was allegedly linked to illegal darknet marketplace activity involving drugs and weapons. Cybercrime detectives in Australia seized 52 Bitcoin valued at 5.7 million Australian dollars ($4.1 million) in what they said is one of Australia's largest crackdowns on an illegal darknet marketplace using cryptocurrency.  Strike Force Andalusia, a division of the State Crime Command’s Cyber Crime Squad, said they seized $4.1 million worth of cryptocurrency and arrested two suspects related to a darknet marketplace operating from Ingleburn in Sydney following a 15-month investigation, the New South Wales Police Force said Wednesday. Police said two men, aged 41 and 39, allegedly had access to the cryptocurrency wallet. The 41-year-old is scheduled to appear in Campbelltown Local Court on May 13, while the 39-year-old is due in Batemans Bay Local Court on June 15. Read more

The apparent pricing error was not reflected across broader crypto markets, suggesting a platform-specific data or display issue. Revolut users reported that the app briefly displayed Bitcoin prices plunging to around $39,900 on Friday, while some traders also received notifications suggesting extreme price moves, including that BTC had reached a 52-week low of 2 cents. Users further reported on X apparent simultaneous price drops across multiple cryptocurrencies, including XRP and Solana (SOL), as well as stablecoins such as USDt (USDT) and USDC (USDC). The anomalies, which quickly reversed, appear to have been confined to the Revolut app, with no matching price dislocation visible across aggregated multi-exchange data or derivatives markets during the same period. Read more

The European Union is racing against a self-imposed deadline to implement its side of the existing US-EU trade accord, with the next formal trilogue round set for May 19 in Strasbourg. President Donald Trump threatened on May 2 to lift tariffs on EU cars and trucks to 25% from 15%, a move the Kiel Institute […] The post Bitcoin faces new tariff risk as EU races to finalize US trade deal this month appeared first on CryptoSlate.

Bitcoin retagged $80,000 after falling 3% on Iran concerns, while traders flagged important BTC price support levels to preserve next. Bitcoin (BTC) revisited $80,000 on Friday after US-Iran war nerves sparked 3% daily losses. Key points: Read more

Elon Musk’s SpaceX has turned one of the world’s largest artificial intelligence clusters into a commercial compute product, creating a new challenge for Bitcoin miners racing to recast themselves as AI infrastructure companies. Anthropic said it reached a deal to use the full computing power of SpaceX’s Colossus 1 facility in Memphis, Tennessee, giving the […] The post Bitcoin miners using AI as a bear market escape plan just got a new rival in Elon Musk appeared first on CryptoSlate.

Bitcoin pulled back from this week's $81,500 high after U.S. forces fired on Iranian targets, while crypto futures markets logged their 67th straight day of negative funding rates, the longest streak in a decade per K33 Research.

Bitcoin options show bulls targeting $115,000 by year-end but are traders becoming overly optimistic? Key takeaways: Bitcoin (BTC) bulls have high hopes for the year-end options expiry on Dec. 25, which features $6 billion at stake. The 33% price gain since the $60,130 yearly low on Feb. 6 have played a major role in bringing back bullish expectations. However, the huge amount of call (buy) options targeting $115,000 and higher for Dec. 25 raises questions about whether bulls are overconfident. Read more

Institutional investors are gradually increasing crypto exposure as Bitcoin leads allocation preferences amid rising fund inflows and improving market sentiment. Fund managers are warming back up to digital assets, with Bitcoin continuing to dominate allocation preferences even as broader crypto sentiment improves, according to a new survey by CoinShares. The April survey gathered responses from 26 institutional investors overseeing a combined $1.3 trillion in assets under management. Allocations to digital assets remain relatively modest, at around 1%, reflecting what CoinShares described as “typical entry sizing” in the current de-risking environment. “Bitcoin remains the digital asset with the most compelling growth outlook,” CoinShares head of research James Butterfill wrote in the report. Sentiment toward Ether (ETH) and Solana (SOL) also improved modestly compared with previous quarters. Read more

Bitcoin hit resistance at $82,800, triggering a drop below $80,000, but a $1.105 billion weekly inflow into spot BTC ETFs could slow sellers. Bitcoin (BTC) price dropped to $79,800 on Thursday after being rejected at a key dynamic resistance level. The pullback occurred despite the weekly spot Bitcoin exchange-traded fund (ETF) inflows surging past $1 billion for the first time since January, but technical data suggests the correction may be short-lived.  Bitcoin’s dip below $80,000 came amid a bearish divergence in the relative strength index (RSI) on the one-hour and four-hour charts. A bearish divergence occurs when BTC forms higher highs while the RSI weakens across lower timeframes, signaling fading buying momentum during a rally. Read more

The Bitcoin advocate spoke up after Michael Saylor signaled that the company might sell some BTC, a major departure from the Strategy founder's previous rhetoric. Michael Saylor's comment this week that Strategy might sell portions of its Bitcoin holdings, is a decision that gives the BTC treasury company Strategy, optionality, according to BTC advocate Samson Mow. “Never selling limits optionality. Public markets are war. In war, you need all available tools at your disposal,” Mow said after company co-founder Saylor's comment during Strategy’s first-quarter earnings call on Tuesday. That the company might sell some BTC in the future, Mow added: Strategy is the largest publicly traded Bitcoin treasury company, according to BitcoinTreasuries, and holds 818,334 BTC at the time of this writing, and any potential sales could weigh on spot BTC market prices, according to some crypto market analysts. Read more

Bitcoin remains below major realized price levels, where underwater holders may sell aggressively once it recovers closer to break-even.

Bitcoin’s macro setup is increasingly tied to the same forces driving the S&P 500 to new highs: liquidity, concentration, rate expectations, and investor tolerance for stretched valuations. The current S&P 500 structure shows an index still moving in a powerful long-term uptrend, with price near 7,365 on the weekly chart, while valuation indicators sit in […] The post The AI boom looks like dot-com mania, but Bitcoin bulls have one profitable reason to keep buying appeared first on CryptoSlate.