Bitcoin Correlates with Nasdaq at Record High
Michael Nadeau highlights that crypto’s correlation with the Nasdaq is at an all-time high, driven by the AI boom influencing current price trends and market perceptions. #Update #Crypto
Bitcoin News
Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
Bitcoin Funding Rates Turn Positive for $85K Rally
Bitcoin’s annualized funding rate for perpetual futures jumped to 6%, while ETF outflows raised concerns amid Bitcoin’s struggle near $82,000. Miners pivoted to AI, with @Iren announcing a $34B Nvidia deal. #Update #Crypto $BTC
Bitcoin Strategy STRC Raises $206M for Purchases
@Strategy’s STRC raises $206.61M from 2.12M shares, plans to acquire $43M in Bitcoin, potentially buying 2,536 BTC at $81,471 each; trading volume surged to $444.91M. #Update #Crypto $BTC
Bitcoin Payments Approved for Dubai Taxes
Dubai residents can now pay government taxes using Bitcoin via @cryptocom, with payments converted to UAE dirhams. #Update #Crypto $BTC
Bitcoin Miner Cleanspark Reports $378M Loss
Cleanspark (@Cleanspark) reports a $378.3M Q2 net loss due to Bitcoin price swings, despite doubling ERCOT capacity to 585 MW. CEO targets AI/HPC commercialization. #Update #Crypto
Bitcoin Golden Cross Sparks Potential Price Rally
Bitcoin’s MVRV ratio indicates a bullish trend with a potential breakout, as analysts predict BTC could rise significantly beyond $92,000, following recent price movements. #Update #Crypto $BTC
Bitcoin Exits Panic Zone Capital Weak
Bitcoin exits the ‘panic zone’ as on-chain analysis shows weak capital inflows, indicating cautious investor sentiment despite market stabilization. #Update #Crypto $BTC
Bitcoin Sale Sparks Treasury Risk Concerns
MicroStrategy ($MSTR) considers selling some of its 818,869 $BTC holdings to fund dividends, amid a $12.5B net loss from BTC’s decline. #Update #Crypto $BTC
Bitcoin ETFs Attract $1.25B Investment Surge
Spot Bitcoin ETFs in the US attracted over $1.25B in early May 2026, while Ethereum ETFs saw approximately $171M, including a peak inflow of $101M on May 1. #Update #Crypto $BTC $ETH
Bitcoin Strategy Boosts $43M Purchase After Pause
@MicroStrategy’s Executive Chairman Michael Saylor announced the firm resumed Bitcoin purchases, acquiring 535 BTC for $43M at ~$80,340 each. Total holdings now stand at 818,869 BTC valued over $66B. #Breaking #Crypto $BTC (+7) ↗
Bitcoin Saylor Reveals Big Nothing Burger Sale
@MicroStrategy’s Michael Saylor downplays concerns over potential bitcoin sales for dividends, stating it would be “inconsequential” and emphasizes their trading strategy focuses on maximizing bitcoin per share. #Update #Crypto $BTC
Bitcoin Strategy Buys Again Amid Q1 Sell
Bitcoin may see renewed interest as strategic buyers return, despite previous Q1 sell-off discussions. #Update #Crypto $BTC
Bitcoin Golden Cross Sparks Potential Price Rally
Bitcoin’s MVRV ratio hints at a bullish trend with a golden cross, potentially pushing prices higher, while analysts predict a breakout above $82,500 could signal significant gains. #Update #Crypto $BTC
Bitcoin Acquires 535 BTC Amid Sale Speculation
@MicroStrategy adds 535 BTC for $43M, totaling 818,869 BTC. Average purchase price is $80,340; current market price is $81,153. Unrealized profit now at $5.4B. #Update #Crypto $BTC