Category: Cryptocurrency News

Strategy founder Michael Saylor says Bitcoin hasn’t reached $150,000 yet because holders without a long-term outlook have been selling off while a new cohort of investors are beginning to enter the market.“I think we’re going through a rotation right now,” Saylor said on the Coin Stories podcast with Natalie Brunell on May 9.The lack of “10-year investor mindset” led to Bitcoin sell-offSaylor said “lots of non-economically interested parties are rotating out of the asset.” However, at the same time, “a new cohort of investors are entering.” “A lot of Bitcoin, for whatever reason, was left in the hands of the governments and the hands of lawyers, and in the hands of bankruptcy trustees,” he added.Strategy’s Michael Saylor spoke to Natalie Brunell on the Coin Stories podcast. Source: Natalie BrunellSaylor said that many of these trustees do not have a “10-year investors mindset,” and as Bitcoin’s (BTC) price began to rally, they took advantage and “thought this is a good exit point to get liquidity.”“So I think people less committed to the long term have taken the opportunity to exit the market and a whole new class of investors are entering by way of ETFs and by way of Bitcoin treasury companies.”After Bitcoin reached its all-time high of $109,000 on Jan. 20 just hours before US President Donald Trump’s presidential inauguration, it experienced a downtrend, falling as low as $76,273 on April 9, before starting to show signs of recovery.On May 8, Bitcoin reclaimed $100,000 for the first time since Feb. 1 after US President Donald Trump proposed tariffs. The recent price surge has pushed Strategy’s Bitcoin holdings to 50.27% above their average Bitcoin purchase price of $68,569. At the time of publication, the firm holds 555,450 Bitcoin, valued at approximately $57.23 billion, according to Saylor Tracker data.Saylor is surprised at US government sentiment shiftSpot Bitcoin ETFs posted $564.7 in inflows over the past five trading days, according to Farside data.Meanwhile, Saylor said he’s not surprised the US government hasn’t yet bought Bitcoin for its Strategic Bitcoin Reserve which Trump signed an executive order for on March 7. The reserve is holding Bitcoin that was forfeited as part of criminal or civil asset forfeiture proceedings.However, Saylor didn’t anticipate their stance to quickly change so positively following Trump’s inauguration.Related: Strive to become Bitcoin treasury company“I was surprised that the US embraced Bitcoin as radically as it has over the last six months, I think I didn’t expect all the Cabinet members to be so enthusiastic,” he said.Magazine: ChatGPT a ‘schizophrenia-seeking missile,’ AI scientists prep for 50% deaths: AI Eye

submitted by /u/GreedVault [link] [comments]

Bitcoin was back in the news this week after surging past $104,000 before retracting a bit. The rally, which started around May 7, propelled the world’s largest cryptocurrency from $93,000 to as much as $104,000 by May 9. Related Reading: Binance Buzz: Pi Coin Wallet Activity Triggers Listing Rumors After retreating 4% in the following 24 hours, Bitcoin still maintained a weekly gain of around 6%. That short-term action is now driving larger predictions, including one that forecasts Bitcoin will increase another 10 times in value. Another 10x Jump ‘Inevitable,’ Expert Says Muneeb Ali, the brains behind the Bitcoin Layer 2 solution Starks, thinks the next giant leap is imminent. In his opinion, Bitcoin has already taken three distinct steps in its price trajectory: from $100 to $1,000, then to $10,000, and then to over $100,000. i’ve seen bitcoin go: – from $100 to $1,000. – from $1,000 to $10,000. – from $10,000 to $100,000. one more 10x to $1,000,000 is inevitable. — muneeb.btc (@muneeb) May 8, 2025 Ali pointed out how each move took more time but followed a familiar pattern. In 2013, Bitcoin climbed from $100 to $1,000 in four months. Four years later, in 2017, it reached $10,000. By December 2024, it had crossed the $100,000 mark. Based on that path, Ali said another 10x jump to $1 million isn’t just likely — it’s “inevitable”. However, he didn’t explain what would actually drive that kind of rise. New Projection Sees $116K Next Month The latest Bitcoin price forecast by CoinCodex has the price increasing by 13% and hitting $116,600 on June 8, 2025. Technical analysis indicates a positive trend, with 20 of the past 30 days (67%) closing in the positive. During the same timeframe, Bitcoin recorded 6.50% price volatility. Source: Alternative.me The Fear & Greed Index is currently at 73, which is Greed. Though this prediction is not quite hinting at reaching $1 million yet, it validates the notion that there is still space for Bitcoin to rise in the near future. Related Reading: Tether’s $1 Billion Mint Powers Tron — Is A Breakout Brewing? A US Government Buy-In Could Speed Things Up Zack Shapiro, a Bitcoin Policy Institute lawyer, also thinks that Bitcoin has a lot of potential — and quick. He studied a bill called the Bitcoin Act, which was reintroduced last March. The bill proposes the US government to purchase 1 million BTC within five years. That represents 5% of the total supply. If passed, the bill would fund the acquisition using profits from gold revaluation. Shapiro indicated that a plan like that would fuel demand so high it drives Bitcoin to $1 million earlier than anticipated. That’s provided that the bill gains momentum and secures the financing it requires. Featured image from Gemini Imagen, chart from TradingView

Key takeaways:ETH price rallied by 22% on May 8, but demand for spot ETH ETFs and derivatives remains muted. President Trump’s reversal on certain altcoins aligns with ETH’s renewed outlook. Ether (ETH) posted an impressive 29% gain between May 8 and May 9, likely marking the end of a 10-week bear market that bottomed out at $1,385 on April 9. This sharp move triggered the liquidation of over $400 million in short (sell) ETH futures positions, suggesting that whales and market makers were caught off guard.Despite the surge, traders have maintained a neutral stance in ETH derivatives. Whether this apparent lack of conviction reflects a genuine trend reversal or merely precedes another test of the $2,000 level remains to be seen.Ether 3-month futures annualized premium. Source: laevitas.chThe ETH futures premium has yet to exceed the 5% threshold typically associated with a neutral market, indicating that demand for leveraged bullish positions remains notably limited. ETH’s continued underperformance—trailing the altcoin market capitalization by 17% in 2025—helps explain the prevailing lack of investor confidence.Some analysts interpret this as an opening for further short covering, while others contend that Ethereum’s core fundamentals have yet to improve meaningfully.Ethereum maintains leadership in decentralization and TVLIrrespective of Ether’s price action, recent network upgrades have notably enhanced layer-2 scalability. More importantly, they have helped solidify Ethereum’s position as the leading platform in terms of decentralization and security. This is reflected in Ethereum’s total value locked (TVL), which stands at $64 billion. For comparison, the three largest direct competitors—Solana, BNB Chain, and Tron—collectively hold a total value locked (TVL) of $22.3 billion. The limited demand for spot Ether exchange-traded funds (ETFs) has emerged as a key warning sign. Even Ether’s strongest single-day price performance in four years failed to prevent a third consecutive day of net outflows, according to data from Farside Investors. On May 8 alone, US-listed Ether spot ETFs experienced net outflows totaling $16 million.Ether US-listed spot ETFs’ daily net flows, USD million. Source: Farside InvestorsThe muted enthusiasm following Ether’s recent bullish momentum can be partly attributed to the sharp 85% drop in Ethereum network fees from January to April. Reduced network activity lowers overall demand for ETH and negatively affects net staking yields, as the protocol’s burn mechanism relies on competition for data processing.ETH options markets also offer insight into whether whales and market makers anticipate further downside risks. Deribit 30-day ETH options delta skew (put-call). Source: Laevitas.chCurrently, put (sell) options are trading at similar levels to equivalent call (buy) options, indicating a neutral sentiment. This outcome is somewhat discouraging for Ether bulls. Nevertheless, Ether could regain market attention after US President Donald Trump reversed his position following earlier public endorsements of competing altcoins.Related: Ether clocks ‘insane’ 20% candle post Pectra — A turning point?According to a Politico report published on May 8, President Trump felt he had been “used” and had severed ties with the lobbyist who reportedly proposed the idea of a strategic crypto reserve. While Trump’s social media post on March 2 specifically mentioned Solana (SOL), Cardano (ADA), and XRP, the subsequent March 6 “Digital Asset Stockpile” Executive Order struck a much more reserved tone.Despite the evident apathy in both the Ether derivatives market and spot ETF flows, a rally toward the $2,700 level remains plausible—especially if investor sentiment shifts in response to the failed lobbying efforts undertaken by some of Ethereum’s competitors.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Key takeaways:ETH price rallied by 22% on May 8, but demand for spot ETH ETFs and derivatives remains muted. President Trump’s reversal on certain altcoins aligns with ETH’s renewed outlook. Ether (ETH) posted an impressive 29% gain between May 8 and May 9, likely marking the end of a 10-week bear market that bottomed out at $1,385 on April 9. This sharp move triggered the liquidation of over $400 million in short (sell) ETH futures positions, suggesting that whales and market makers were caught off guard.Despite the surge, traders have maintained a neutral stance in ETH derivatives. Whether this apparent lack of conviction reflects a genuine trend reversal or merely precedes another test of the $2,000 level remains to be seen.Ether 3-month futures annualized premium. Source: laevitas.chThe ETH futures premium has yet to exceed the 5% threshold typically associated with a neutral market, indicating that demand for leveraged bullish positions remains notably limited. ETH’s continued underperformance—trailing the altcoin market capitalization by 17% in 2025—helps explain the prevailing lack of investor confidence.Some analysts interpret this as an opening for further short covering, while others contend that Ethereum’s core fundamentals have yet to improve meaningfully.Ethereum maintains leadership in decentralization and TVLIrrespective of Ether’s price action, recent network upgrades have notably enhanced layer-2 scalability. More importantly, they have helped solidify Ethereum’s position as the leading platform in terms of decentralization and security. This is reflected in Ethereum’s total value locked (TVL), which stands at $64 billion. For comparison, the three largest direct competitors—Solana, BNB Chain, and Tron—collectively hold a total value locked (TVL) of $22.3 billion. The limited demand for spot Ether exchange-traded funds (ETFs) has emerged as a key warning sign. Even Ether’s strongest single-day price performance in four years failed to prevent a third consecutive day of net outflows, according to data from Farside Investors. On May 8 alone, US-listed Ether spot ETFs experienced net outflows totaling $16 million.Ether US-listed spot ETFs’ daily net flows, USD million. Source: Farside InvestorsThe muted enthusiasm following Ether’s recent bullish momentum can be partly attributed to the sharp 85% drop in Ethereum network fees from January to April. Reduced network activity lowers overall demand for ETH and negatively affects net staking yields, as the protocol’s burn mechanism relies on competition for data processing.ETH options markets also offer insight into whether whales and market makers anticipate further downside risks. Deribit 30-day ETH options delta skew (put-call). Source: Laevitas.chCurrently, put (sell) options are trading at similar levels to equivalent call (buy) options, indicating a neutral sentiment. This outcome is somewhat discouraging for Ether bulls. Nevertheless, Ether could regain market attention after US President Donald Trump reversed his position following earlier public endorsements of competing altcoins.Related: Ether clocks ‘insane’ 20% candle post Pectra — A turning point?According to a Politico report published on May 8, President Trump felt he had been “used” and had severed ties with the lobbyist who reportedly proposed the idea of a strategic crypto reserve. While Trump’s social media post on March 2 specifically mentioned Solana (SOL), Cardano (ADA), and XRP, the subsequent March 6 “Digital Asset Stockpile” Executive Order struck a much more reserved tone.Despite the evident apathy in both the Ether derivatives market and spot ETF flows, a rally toward the $2,700 level remains plausible—especially if investor sentiment shifts in response to the failed lobbying efforts undertaken by some of Ethereum’s competitors.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Explosive institutional demand and surging ETF inflows have shattered legacy market models, triggering a dramatic reversal from a top analyst and setting the stage for bitcoin’s next breakout. Massive Institutional Demand Forces Top Analyst to Flip on Bitcoin Bull Cycle Bitcoin’s resilience in recent weeks has prompted a sharp change in outlook from one of […]

Probably not relevant to anyone hehe, but still – I re-compiled kapowminer for the 5090 and included containerization. Hope this isn't breaking any rules, just sharing. submitted by /u/Hootnany [link] [comments]

Bitcoin has surged to $104,300, confirming the uptrend and reinforcing the bullish outlook that many analysts projected for 2025. This move places BTC deep into range-highs territory, with the next major challenge now clearly in sight: the all-time high at $109,000. The market’s strength comes on the back of strong technical performance and increasingly optimistic sentiment, as BTC continues to lead the crypto rally and altcoins follow suit. Related Reading: Cardano Approaches Critical Resistance – Break Above Could Trigger Move To $0.80 On-chain data from CryptoQuant adds further weight to the bullish narrative. One standout metric highlights the growing confidence among large holders: the absolute difference between the Realized Price of new whales and old whales now stands at $59.7K. Specifically, new whales have entered the market at an average price of $91.9K, while old whales’ basis remains at $32.2K. This translates to a 185% relative spread to the long-term holder (LTH) basis—a massive divergence. This wide gap signals that a new wave of high-conviction buyers is entering the market at significantly elevated prices. Unlike the cautious whale accumulation during previous cycle lows, this phase reflects strong belief in continued upside, even at premium levels. It’s a clear sign that institutional FOMO may be kicking in. Bitcoin Faces Resistance At $104K As Whale Activity Signals Growing FOMO Bitcoin is currently encountering resistance around the $104,000 mark—a level that may take time to break as it represents a critical barrier before entering price discovery above the all-time high near $109,000. The recent rally has shown remarkable strength, but as BTC consolidates just below its ATH, some selling pressure is expected.  A successful breakout could lead to a swift surge beyond $109K; however, failure to do so may result in short-term consolidation or retracement. Top analyst Axel Adler shared key on-chain insights on X that highlight the evolving psychology of Bitcoin’s largest holders. According to Adler, the absolute difference between the Realized Price of new whales ($91.9K) and old whales ($32.2K) is $59.7K, representing a 185% relative spread to the long-term holder (LTH) basis. This sharp divergence reveals that new “whales” are entering the market at nearly three times the price of early entrants. In comparison, the same spread in November 2022 was only 62%, indicating more cautious accumulation near the market bottom. The current surge to 185% reflects rising confidence and FOMO, with large buyers willing to accumulate even at elevated prices. For context, during the 2021 cycle peak at $63K, the spread widened to 437%. Related Reading: Ethereum ‘Extremely Undervalued Against BTC’ – Supply Pressure May Delay Recovery This trend suggests that the market is entering a more aggressive accumulation phase, where belief in higher prices is driving demand despite the premium. If bulls manage to absorb the resistance around $104K, it could mark the start of a parabolic move—fueled not just by momentum, but by conviction from both retail and institutional players betting on a new Bitcoin all-time high. BTC Price Analysis: Key Levels To Watch Bitcoin is trading around $103,000 after reaching a high of $104,300 earlier today. The 4-hour chart shows BTC facing resistance at the $103,600 level, which aligns with a key supply zone from late December 2024 and early January 2025. This area acted as a previous rejection point during the last major rally and is now being tested again as potential resistance. BTC’s recent surge from the $87K–$90K consolidation zone has been aggressive, breaking above both the 200 EMA and 200 SMA (currently at $91,806 and $89,400, respectively) with strong volume. This confirms bullish strength and trend continuation, suggesting that buyers are still in control. However, the current range between $103K and $104K is historically significant, and bulls may need to absorb selling pressure before attempting a move toward the all-time high near $109K. Related Reading: XRP Bulls Expect A Breakout As Price Compresses Between Key Levels – Details If BTC consolidates above $100K and holds this level as new support, it would strengthen the case for continued upside. On the flip side, failure to break above $103,600 cleanly could lead to a short-term pullback. Market structure remains bullish overall, but this resistance zone will be critical in determining whether Bitcoin enters price discovery or pauses for accumulation. Featured image from Dall-E, chart from TradingView

U.S. banks get green light to expand crypto services with fresh OCC guidance fueling regulatory clarity and innovation in digital assets. New OCC Guidance Expands Crypto Role for Banks The Office of the Comptroller of the Currency (OCC) announced on May 7 the release of Interpretive Letter 1184, offering fresh guidance that reaffirms national banks’ […]