Nvidia’s earnings beat and strong outlook boosted Bitcoin mining stocks amid the AI boom. An increasing number of miners are expanding into AI computing, leveraging their large-scale GPU infrastructure to provide AI inference and training services. The market views this transformation as enhancing miners’ earnings diversification and reducing reliance on Bitcoin price volatility. Source: CoinDesk
Strategy Makes $2 Billion Bitcoin Purchase Strategy (formerly MicroStrategy) has made a massive bitcoin purchase worth approximately $2 billion last week, according to CoinDesk. The move further solidifies Strategy’s position as the largest publicly traded bitcoin holder. The company’s continued accumulation comes as bitcoin recently dipped below $77,000. Source: CoinDesk
[Flash] Bitcoin Tumbles Below $79,000 as Rising Bond Yields and Inflation Worries Rattle Markets Bitcoin has dropped below the $79,000 level, driven by a combination of rising U.S. bond yields and persistent inflation concerns. The broader crypto market is under pressure as investor risk appetite wanes. Meanwhile, escalating tensions involving Iran have added to global market uncertainty, with analysts noting that geopolitical risks are having a sustained impact on financial markets. ...
Bitcoin rebounds above $81,000 after US CPI data, with BNB and DOGE leading major crypto gains.
MARA Holdings has sold approximately $1.5 billion worth of Bitcoin, marking a strategic pivot from crypto mining to AI infrastructure
Bitcoin Swings on CME Open BTC briefly topped $82,400 before slipping below $81,000 as traders repositioned around CME futures open and geopolitical risks rattled markets. Iran tensions continue to weigh on investor sentiment, with traders balancing safe-haven demand against risk appetite in the crypto space.
Bitcoin briefly crossed the $82,000 threshold in the past 24 hours, reaching a recent high. Market analysts attribute the rally primarily to improving macroeconomic conditions. The Block reports that simultaneously, Sui surged 25% over the same period. Analysts pointed to Sui Group Holdings’ decision to stake 108.7 million SUI tokens as the catalyst. This large-scale staking reduced circulating supply, driving the price upward. The broader crypto market is showing signs of recovery. After weeks of volatility, improving macroeconomic data is gradually restoring investor confidence. Analysts suggest that if the current trend persists, Bitcoin may test higher resistance levels. ...
[Brief] Coinbase Rebounds as Altcoins Surge, Bitcoin Holds Above $80,000 Coinbase shares rebounded alongside altcoin gains, with bitcoin holding above $80,000. SEC Chair Paul Atkins signaled support for onchain finance rules, boosting tokenization and digital asset infrastructure stocks. Source: CoinDesk
[Brief] Bitcoin’s rally cooled after April jobs data failed to break through macroeconomic resistance levels, with Iran tensions and Bitcoin ETF outflows adding downward pressure. Analysts suggest BTC may need to consolidate while awaiting clearer macro signals. Source: The Block
Bitcoin Falls Below $80,000 Triggering $300M in Liquidations Bitcoin retreated below $80,000 on May 8, triggering approximately $300 million in futures contract liquidations, according to CoinDesk. The drop followed US military strikes on Iran that briefly pushed oil prices above $100 per barrel, sparking risk-off sentiment across markets and a shift toward bearish positioning in crypto futures. CryptoQuant data indicates traders are taking profits into strength. Analysis firm Enflux linked the move to easing tensions in the Strait of Hormuz, while Glassnode argues that Bitcoin has reclaimed key on-chain support levels despite the price decline. ...