Bitcoin Price Analysis: BTC Eyes $70K-$72K Support Amid Market Weakness

The post Bitcoin Faces Prolonged Downtrend Through 2027, Analyst Warns appeared on BitcoinEthereumNews.com. They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of jo

The post Bitcoin Retail Sentiment Still Matters, Says Swan Bitcoin CEO appeared on BitcoinEthereumNews.com. Despite the growing institutional presence in crypto, retail sentiment is just as important as it was when Wall Street was largely on the sidelines, according to Swan Bitcoin CEO Cory Klippsten. “It still does. You have to remember it’s not like BlackRock owns the Bitcoin and Fidelity owns the Bitcoin. It’s a bunch of retail accounts mostly that actually buy that,” Klippsten said during an interview with Cointelegraph published to YouTube on Tuesday. Cory Klippsten spoke to Cointelegraph at BitcoinVegas 2026. Source: Cointelegraph “You know they’re buying it in a wrapper. But they still have to take real supply and custody it. And it comes out of the supply. So, you know, it’s still it is real demand in ETFs,” Klippsten said, adding: “There are some paper products and futures and things like that that are weird and take a little while to kind of work through the system. There is

The post XRP Ledger’s design blocks the flash loan attacks costing DeFi hundreds of millions appeared on BitcoinEthereumNews.com. The two biggest DeFi exploits of the past two months have one thing in common. They used a tool that does not exist on the XRP Ledger. Thorchain lost roughly $10.8 million on May 15 to a cross-chain attack that drained funds across Bitcoin, Ethereum, BSC, and Base. Drift Protocol, a Solana-based decentralized perpetual exchange, and KelpDAO, a liquid restaking protocol on Ethereum, together accounted for more than $600 million in losses through April alone. Cross-chain bridges have lost over $2.8 billion to attacks since 2021, per Chainalysis. And a significant share of these exploits used some variant of the same mechanic: flash loans. A flash loan is a smart contract feature that lets a trader borrow millions of dollars with no collateral, on the condition that the loan is repaid inside the same transaction. The legitimate use cases include arbitrage betwe

The post STG up +24.22%, BTC +0.61%, Worldcoin is The Coin of The Day – Daily Market Update for May 31, 2026 | CoinCodex appeared on BitcoinEthereumNews.com. Key highlights: The total cryptocurrency market cap increased from $ 2.47T to $ 2.49T in the past 24 hours, representing a 0.79% change The Bitcoin price at press time is $ 74,056 after growing by 0.61% in the last 24 hours The total crypto trading volume decreased by -36.03% in the past 24 hours, and is currently at $ 147.58B All prices and changes are presented at the time of publication: May 31, 2026, at 06:00 UTC Market Overview The total cryptocurrency market cap is currently $ 2.49T after a 0.79% increase on the day. The total crypto trading volume declined by -36.03% in the same time frame. Bitcoin is trading at $ 74,056 after seeing a 0.61% gain in the last 24 hours. The Bitcoin dominance fell by -0.06% and BTC currently represents 59.56% of the cryptocurrency market. Top Coins By Market Cap At press time, Bitcoin has a ma

The post CFTC Approves Bitcoin Perpetual Contracts, Signals Support for 24/7 Trading appeared on BitcoinEthereumNews.com. Felix Pinkston May 29, 2026 20:34 The CFTC approved Bitcoin perpetual futures on Kalshi and supports 24/7 trading for crypto derivatives, marking a shift in U.S. crypto regulation. The U.S. Commodity Futures Trading Commission (CFTC) has taken a significant step toward integrating crypto derivatives into regulated markets. On May 29, the agency approved Bitcoin perpetual futures contracts for Kalshi, a U.S.-regulated exchange, marking the first time such a product has been officially sanctioned by the CFTC. Alongside this, the regulator issued guidance supporting 24/7 trading for digital asset derivatives, further aligning with the global nature of crypto markets. Kalshi’s newly approved perpetual contracts allow traders to speculate on Bitcoin prices without owning the underlying asset. Unlike traditional futures, perpetual contracts have no expir

The post GOP Portfolios Shift Toward Bitcoin and Other Trump Favorites: Report appeared on BitcoinEthereumNews.com. GOP lawmakers in the US are increasingly investing in assets favored by Donald Trump. It appears that Bitcoin is no longer just a campaign talking point in DC – it’s becoming a very visible part of political investment portfolios in the circles close to President Donald Trump. Republican lawmakers have shifted their portfolios to reflect assets and companies that are in the president’s favor. GOP Trades Follow Trump’s Crypto Signal According to a recent report, GOP lawmakers have migrated their portfolios toward “Trump favorites.” These include Intel and Bitcoin, which underscores how closely political sentiment and market positioning have started to overlap. The report also says that investments in the iShares Bitcoin Trust ETF currently account for about 4% of total Republican holdings, subject to the analysis. This figure is relatively small compared to traditional s

The post Why The Bitcoin Price Won’t Hit $100,000 Again This Year appeared on BitcoinEthereumNews.com. Bitcoin’s return to $100,000 is still a popular target across the market for 2026, but one bearish outlook argues that the move is becoming less realistic with the price action weakening below the $80,000 price level. This bearish outlook came from a crypto analyst known as Alex Mason on the social media platform X, who predicted that Bitcoin will not hit the $100,000 price level again this year because its price action is in a controlled trap inside an ascending channel. Bitcoin’s Ascending Channel May Have Been A Trap Bitcoin has not traded above $100,000 in 2026 and with the calendar now almost in the middle of the year, the time frame for a recovery above six figures is shrinking fast. The price action over the past two months has instead been defined by an ascending channel, with Bitcoin forming gradual higher highs and higher lows from its February low just above $60,000. The up

The post Bitcoin Buyers Stack $512M Bids Near $70K Support: Is A Reversal Ahead? appeared on BitcoinEthereumNews.com. Bitcoin (BTC) traders have placed new buy orders near $70,000 as the price approaches a key liquidity zone. Order-book data shows more than $500 million in bid liquidity between $72,000 and $70,000, creating a demand zone that could shape BTC’s next move. BTC buy bids form key support zone Data from CoinGlass shows dip buyers have placed 6,235 BTC in bid liquidity between $72,000 and $70,000. At current prices, the buy orders are worth roughly $443 million. The largest cluster sits directly above $70,000, where buyers are positioned to absorb the current selling pressure. Bid liquidity refers to limit buy orders waiting below the market price. When price trades into those orders, it can slow a decline and trigger a sharp rebound if demand absorbs available BTC supply. BTC/USD, one-day chart, buy liquidity analysis. Source: Velo chart Below $70,000, the next notable pock