Bitcoin retreated amid clashes in the Strait of Hormuz and rising oil prices. Analysts argue that a limited appetite for full‑scale escalation caps downside risk. Bulls aim for a rebound toward $82,000, but bears could target a breakdown below $78,000. Bitcoin dropped to around $79,200 in early trading on Friday as fresh military skirmishes in […]
The post Is Bitcoin’s drop to $79K a bear trap as Hormuz tensions escalate? appeared first on CoinJournal.
The post TeraWulf’s AI Revenue Surges 117% but Posts $427M Loss appeared on BitcoinEthereumNews.com.
Bitcoin miner TeraWulf posted a net loss of $427 million in the first quarter of 2026, up from the $61.4 million loss recorded in the same period a year earlier. Total revenue for the quarter came in at $34 million, with high-performance computing (HPC) lease revenue accounting for $21 million, roughly 60% of the total and a 117% jump from the prior quarter, according to a Friday announcement. Bitcoin mining revenue fell 50% to around $13 million. The HPC revenue was driven by 60 megawatts of operational critical IT capacity at Lake Mariner, one of North America’s largest HPC campuses, leased to Core42. TeraWulf is also coordinating infrastructure delivery with Fluidstack and Google, with additional capacity buildings on track for delivery in 2026. The company ended the quarter with approximately $3.1 billion in cash. “Our capital structure is designed to align long-term financing with
The post Santiment Warns of BTC Rally Fatigue as Bullish Sentiment Peaks appeared on BitcoinEthereumNews.com.
Darius Baruo
May 10, 2026 05:51
Santiment flags excessive bullish sentiment as Bitcoin trades near $80K, hinting the rally may lose steam. Analysts weigh in on potential pullbacks.
Bitcoin (BTC) surged to $80,628, up 11.5% over the past 30 days, but crypto sentiment platform Santiment is sounding the alarm. According to a Saturday report, the spike in bullish chatter on social media may signal that the rally could be nearing its end. Santiment noted a 1.5-to-1 ratio of bullish to bearish comments among active crypto accounts—a level often associated with overconfidence. Historically, markets driven by excessive optimism tend to face sharper pullbacks than those climbing against skepticism. “Rallies that arrive with a confident crowd tend to fade faster,” Santiment explained, suggesting that Bitcoin could benefit from a temporary pullback to $75,000 to flush ou
The post Trump Tells Reporters Gas Is ‘Way Down’ — US Pump Prices Say Otherwise – Bitcoin News appeared on BitcoinEthereumNews.com.
Key Takeaways Trump claimed gas prices fell “very substantially” on May 8, but AAA data shows they rose to $4.52/gal that day. The U.S.-Iran conflict disrupted roughly 20% of global oil supply, pushing Brent crude past $100/barrel in May 2026. EIA forecasts Brent could peak near $115/bbl in Q2 2026 before easing if the Strait of Hormuz tensions resolve. U.S. Gas Prices Are up $1.40 From Last Year Trump made the claim during a press exchange this week when reporters asked about his Middle East strategy amid pump prices exceeding $4.50 per gallon. He pushed back, telling reporters that gas prices had fallen “very substantially” that day and were “way down.” However, AAA data shows prices held near elevated levels before a 1-cent easing — well short of any substantial decline. The numbers tell a different story. At Trump’s January 2025 inauguration, the natio
The post Jack Mallers Shuts Down The Idea That Wall Street Is A Threat To Bitcoin appeared on BitcoinEthereumNews.com.
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. Jack Mallers spoke to Danny Knowles on the What Bitcoin Did podcast. Source: What Bitcoin Did “Bitcoin is predicated on this idea that it is money for all. And the all part should be explored. That means your enemies, too,” he said. “That means the ex-wife that cheated on you, that means your neighbor that’s a fan of the opposing football club, that’s everybody,” he added. Bitcoin is compe
Bitcoin climbed from $0.05 to $80,000 while facing 15 years of active government resistance. Only the last 18 months represent the first real window of government support for Bitcoin globally. CZ views cryptocurrency as the most undervalued asset class, vital for AI-driven global economies. Bitcoin climbed from $0.05 to $80,000, and former Binance CEO Changpeng […]
The post Bitcoin’s Rise Happened “Against the Tide,” CZ Explains appeared first on Live Bitcoin News.
The intensified blockade could escalate geopolitical tensions, disrupt global oil supply chains, and impact international diplomatic relations.
The post CENTCOM intensifies Strait of Hormuz blockade, redirects 61 vessels appeared first on Crypto Briefing.
