Bitcoin reaches a record high of $109K as trade war tensions decrease
Bitcoin has reached a new all-time high, soaring to $109,400 on May 21. This spike came shortly after a temporary trade agreement between the US and China helped alleviate economic concerns and boosted investor confidence. The recent high was reported by TradingView data, just nine days following the White House’s announcement on May 12 regarding […]
Bitcoin ‘peak moment’ predicted at $128K with new record highs approaching
Bitcoin Surges Over $108,000 Key Points: Bitcoin reached $108,000 for the first time since January. Analysts suggest support might extend to $90,000, though the likelihood of retesting this level seems diminished. Some short-term targets are now set around $128,000 as a potential peak. On May 21, Bitcoin (BTC) jumped past $108,000, marking a four-month high. […]
KindlyMD shareholders approve merger with Bitcoin company connected to Trump
Shareholders of KindlyMD, Inc., a healthcare service provider, have given the green light for a merger with Nakamoto Holdings, a company founded by David Bailey, who serves as a crypto advisor to former President Donald Trump. Nakamoto Holdings, which is newly established and aims to create a network of Bitcoin-related businesses, plans to file an […]
Strive aims for 75,000 Bitcoin from Mt. Gox claims to create a Bitcoin reserve.
Vivek Ramaswamy’s Strive is attempting to accumulate Bitcoin by buying distressed Bitcoin claims at a reduced price, starting with a stake tied to 75,000 Bitcoin from the bankrupt Crypto Exchange Mt. Gox. On May 20, the company announced a partnership with 117 Castell Advisory Group LLC to target resolved Bitcoin (BTC) claims that are still […]
Blackstone invests $1M in Bitcoin ETF as its first move in crypto
Blackstone Makes Its First Crypto Purchase Blackstone, known as the “world’s largest alternative asset manager,” has announced its inaugural investment in the cryptocurrency sector by acquiring shares in BlackRock’s Spot Bitcoin Exchange Sales Fund. As reported on May 20th to the Securities and Exchange Commission, Blackstone’s investment totaled approximately $1.08 million. This figure represents only […]
Bitcoin open interest reaches all-time high as buyers rush towards new BTC price peaks
Key Takeaways Open interest in Bitcoin futures has reached an all-time high of $72 billion, suggesting institutional investors are increasing their use of leverage. There are about $1.2 billion in short positions at risk of liquidation between $107,000 and $108,000, which could heighten the chances of Bitcoin breaking out. On May 20, overall interest in […]
Bitcoin News: Analysts Suggest ‘Buy in May and Go Away’ as Crypto Defies Summer Slowdown
Market Insights on Bitcoin This Summer The old saying “Sell in May and go away” is often echoed by stock market watchers, but this summer might just defy that trend for Bitcoin (BTC). According to Paul Howard, who heads a crypto trading firm, there’s a growing sentiment that this year might lean more toward “buy […]
Bitcoin set to eliminate short positions once price discovery exceeds $110K.
Key Insights When Bitcoin surpasses $102,400 at the month’s end, it signals a new peak for ongoing bull market momentum. Short positions amounting to over $3 billion in Bitcoin may become vulnerable if prices rise above $107,000, creating potential “clearing magnets” that could push BTC to new highs. Bitcoin (BTC) is now 11 days into […]
JPMorgan’s CEO Jamie Dimon to permit Bitcoin at the bank
Jamie Dimon’s Views on Bitcoin Remain Steadfast Jamie Dimon, the CEO of JP Morgan, openly stated that he is not a fan of Bitcoin, yet his personal opinions haven’t hindered the bank’s operations in offering the cryptocurrency. During the annual Investor Day in New York, Dimon brought attention to the potential misuses of Bitcoin, referencing […]
Bitcoin ETF Inflows Rise as Basis Trade Approaches 9%, Indicating Increased Demand
US Bitcoin ETF Sees Significant Inflows On May 19th, Exchange-Traded Funds (ETFs) related to Bitcoin experienced a substantial inflow, amounting to $667.4 million, marking the largest daily total since May 2nd. The notable data comes from investments into the iShares Bitcoin Trust (IBIT), which alone accounted for nearly half of these inflows, totaling $306 million, […]