The new “Digital Asset Market Structure Discussion Draft” introduced by House Republicans on May 5 could work to reduce the dominance of large crypto firms and promote more participation in the broader market, according to an executive from Paradigm. The discussion draft, led by the House agricultural and financial services committee chairs Glenn Thompson and…
Tether AI, the forthcoming artificial intelligence platform from stablecoin giant Tether, will feature payments in major cryptocurrencies, including USDt and Bitcoin. Tether CEO Paolo Adroino took to X on May 5 to tease the imminent launch of Tether AI, the company’s new AI platform designed to offer “personal infinite intelligence.” According to Ardoino, Tether’s AI…
Binance co-founder Changpeng “CZ” Zhao has proposed Bitcoin and BNB as the first digital assets to build Kyrgyzstan’s national crypto reserves. On May 5, Zhao shared on X that he had advised Kyrgyzstan to start with Bitcoin (BTC) and BNB (BNB) when building its national crypto reserve. In 2024, Forbes claimed that Zhao holds about…
Michael Saylor’s Strategy, one of the world’s largest corporate Bitcoin investors, slowed its BTC purchases last week as the cryptocurrency briefly surged above $97,000. Strategy acquired 1,895 Bitcoin (BTC) for $180.3 million during the week from April 28 to May 4 at an average price of $95,167 per BTC, the firm announced in its latest…
Key takeaways: Bitcoin price slips, but BTC dominance is on the rise. Sizable purchases by Strategy and the spot BTC ETFs highlight institutional investors’ appetite for Bitcoin. Bitcoin’s (BTC) price has dropped by 4.3% in the last three days after nearly reaching $97,900 on May 2. Despite showing resilience at the $94,000 level on May…
Key takeaways: Bitcoin price slips, but BTC dominance is on the rise. Sizable purchases by Strategy and the spot BTC ETFs highlight institutional investors’ appetite for Bitcoin. Bitcoin’s (BTC) price has dropped by 4.3% in the last three days after nearly reaching $97,900 on May 2. Despite showing resilience at the $94,000 level on May…
Key points: Bitcoin is witnessing a tough battle between the bulls and the bears at the $95,000 level. Solid buying by spot Bitcoin ETF investors last week signals a positive shift in investor sentiment. Select altcoins have held their support levels, increasing the likelihood of a short-term up move. Bitcoin (BTC) slipped below the breakout…
Key points: Bitcoin is witnessing a tough battle between the bulls and the bears at the $95,000 level. Solid buying by spot Bitcoin ETF investors last week signals a positive shift in investor sentiment. Select altcoins have held their support levels, increasing the likelihood of a short-term up move. Bitcoin (BTC) slipped below the breakout…
Key Takeaways: 88% of Bitcoin’s supply is in profit below $95,000, indicating a reset in investor expectations. The current price range of $75,000–$95,000 may represent a structural bottom, aligning with market conditions from Q3 2024. The Market Value to Realized Value (MVRV) Ratio at 1.74 acts as a historical support zone, signaling cooling unrealized gains…
Key points: Bitcoin is witnessing a tough battle between the bulls and the bears at the $95,000 level. Solid buying by spot Bitcoin ETF investors last week signals a positive shift in investor sentiment. Select altcoins have held their support levels, increasing the likelihood of a short-term up move. Bitcoin (BTC) slipped below the breakout…
