Bitcoin Rallies on Aggressive Spot Demand as Market Absorbs U.S. Economic Data: Bitfinex
On-chain data shows that spot CVD rose sharply after May 8, reflecting buyers lifting offers and absorbing supply at premium levels.
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Peter Schiff thinks Strategy executive chairman and co-founder Michael Saylor is misleading retirees. The outspoken economist fired off a warning on X, asking how the SEC could allow Saylor to publicly describe STRC as suitable for retired investors whose main goals are low-risk wealth preservation and steady income. Related Reading: Shiba Inu Bullish Momentum Explodes As Buying Pressure Intensifies Schiff called it a violation of SEC antifraud and marketing rules. Strategy has not publicly responded to the criticism. A Preferred Stock Built Around Bitcoin The debate comes as Strategy pulled in over $206 million through its STRC perpetual preferred stock program. According to data from Bitcoin Treasuries’ ATM tracker on May 11, the company issued 2.12 million shares to generate those proceeds. At an average Bitcoin price of $81,471, that haul could buy roughly 2,536 BTC. The capital raise happened the same day Strategy announced it bought $43 million worth of Bitcoin — its first purcha
Read full articleOn-chain data shows that spot CVD rose sharply after May 8, reflecting buyers lifting offers and absorbing supply at premium levels.
Bitcoin price started a recovery wave above the $80,500 zone. BTC is consolidating and might aim for more gains if it clears the $81,500 resistance zone. Bitcoin managed to form a base above $80,000 and started a recovery wave. The price is trading above $80,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $81,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $81,500 zone. Bitcoin Price Eyes Fresh Upside Break Bitcoin price remained supported above the $80,000 zone. BTC formed a base and settled above $80,500 to start a recovery wave. There was a move above the $80,650 and $80,800 levels. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $82,100 swing high to the $79,844 low. However, the bears could be active near $81,250. There is also a bearish trend line forming with resistance at $81,500 on the h
Exodus Movement, Inc. (NYSE American: EXOD) significantly altered its balance sheet strategy during the first quarter of 2026, offloading a majority of its bitcoin holdings to finance a pivot into the global payments sector. NYSE American Listed Exodus Liquidates 63% of Bitcoin Treasury in Q1 According to the company’s unaudited Q1 2026 financial results and […]
Regulatory clarity could unlock trillions in institutional capital, impacting global crypto competitiveness and encouraging U.S. market participation. The post Congress members to discuss Bitcoin and crypto market structure Tuesday appeared first on Crypto Briefing.
On-chain data shows the Bitcoin long-term holder supply has reached an all-time high (ATH), a sign of rising HODLing conviction among investors. Bitcoin LTH Supply Has Hit The 14.8 Million BTC Milestone As pointed out by on-chain and cycle analyst Root in an X post, the Bitcoin long-term holder supply is currently sitting at an […]
Following last week’s Bitcoin (BTC) surge to $83,000, the market is now facing a tougher test: whether $80,000 can hold as real support. Market maker Wintermute, in its latest digital asset report, said the move carries a warning label—“…The way it got here tells you to be cautious rather than euphoric.” Why Retrace Risks Remain […]
Strategy's Bitcoin-centric approach highlights potential for institutional crypto adoption but faces volatility and regulatory challenges. The post Michael Saylor details Strategy’s $62B Bitcoin buying spree and Stretch credit engine in CoinDesk interview appeared first on Crypto Briefing.
The massive surge in the Bitcoin price since April 2026 is still viewed as part of a broader bear market phase, according to on-chain analytics platform CryptoQuant. While some market experts believe the rebound could signal a new bull run, CryptoQuant’s unrealized profit data show the numbers are nowhere near bull-market levels. Notably, as BTC’s value increases, rising selling pressure could threaten the cryptocurrency’s ongoing rally, potentially triggering a price breakdown. Profit-Taking Hits Three-Month Highs After Bitcoin Price Surge Bitcoin’s rally to $82,000 on May 6 came as a shock to the broader digital asset market, as that was the first time the cryptocurrency had reached that level since late January 2026. Initially, BTC broke above $81,000 on May 5 and pushed toward $82,000 the next day, only to be rejected. Now, after the surge, Julio Monero, the Head of Research at CryptoQuant, believes that investors could be gearing up to take profit, potentially adding more volati