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Bitcoin News
TronWeekly
1w
278
Image Credit: TronWeekly
Bitcoin Inflows Surge: Mid-Tier Investors Now Driving Binance Activity
- Bitcoin inflows to Binance have surged, primarily driven by mid-tier holders engaging in active trading.
- Long-term holders with BTC over 155 days are moving their coins to Binance, potentially for profit-taking purposes.
- Whale activity is currently low, contributing to temporary market stability as mid-sized investors take the lead in driving market activity.
- The majority of Bitcoin inflows on Binance are from mid-tier investors with 10 to 1,000 BTC, indicating active participation in trading on the platform.
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Coin Telegraph
1w
354
Image Credit: Coin Telegraph
Bitcoin in ‘pivot zone’ as potential consolidation looms: Analyst
- Analyst Willy Woo believes Bitcoin markets could face consolidation if more buying pressure doesn't emerge this week.
- Woo mentioned that latecomer speculators are taking long positions while potential profit-taking looms, affecting Bitcoin's price action.
- On a positive note, the risk signal is declining, indicating buy-side liquidity dominance in the market for a potential uptrend.
- Bitcoin is currently trading around $107,785 with analysts mentioning potential technical pressure zones and support levels to watch for.
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Mettisglobal
1w
33
Image Credit: Mettisglobal
Pakistan unveils first government-led bitcoin reserve
- Pakistan unveiled its first government-led Strategic Bitcoin Reserve during a keynote address at Bitcoin Vegas 2025.
- Bilal Bin Saqib, Special Assistant to the Prime Minister on Blockchain and Cryptocurrency, highlighted Pakistan's commitment to decentralized finance and digital innovation.
- The government established a national Bitcoin wallet, allocated surplus electricity for Bitcoin mining, and announced the creation of the Pakistan Digital Assets Authority.
- Bilal Bin Saqib positioned Pakistan as a tech-forward and opportunity-rich nation ready to lead in the future of emerging markets in Web3.
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Cryptopotato
1w
101
Image Credit: Cryptopotato
BlackRock Bitcoin ETF Sees 33-Day Inflow Run, $4B in Past Fortnight
- BlackRock's iShares Bitcoin Trust (IBIT) has experienced 33 consecutive trading days without outflows, with $481 million entering the fund on May 28.
- IBIT has seen $3.86 billion in inflows over the past two weeks, totaling $48.8 billion since launching in January 2024.
- The fund holds $71 billion in assets under management, equivalent to about 650,000 BTC, and ranked 23rd overall among ETFs.
- The inflow trend shows institutional interest in Bitcoin, with BlackRock leading while other ETFs like Fidelity and Ark 21Shares saw outflows.
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Coin Telegraph
1w
291
Image Credit: Coin Telegraph
Elon Musk leaves DOGE as job was ‘uphill battle’
- Elon Musk is quitting as the White House's government cost-cutting czar, citing it as an uphill battle to slash federal jobs and programs.
- Musk, as the head of Department of Government Efficiency (DOGE), could only serve for a maximum of 130 days and confirmed his exit on May 29 citing the federal bureaucracy situation.
- DOGE claims to have saved taxpayers $175 billion since Trump's return, which is disputed by news outlets reporting figures are overstated.
- A lawsuit accusing Musk and DOGE of illegally exerting power over government operations has been allowed to proceed, while Musk admits to spending too much time in politics.
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Bitcoinist
1w
4
Image Credit: Bitcoinist
Strive Eyes Bitcoin With $750 Million Ammo In Hand
- Strive Asset Management, led by entrepreneur Vivek Ramaswamy, secured $750 million in private backing to build a significant Bitcoin stockpile.
- The fund plans to raise up to $1.5 billion if all warrants are exercised, putting them in the league of top treasury Bitcoin buyers.
- Strive intends to engage in active trading strategies in addition to holding Bitcoin, potentially trading between spot and futures markets to boost returns.
- The firm faces tough competition as other players like Strategy and a business linked to US President Donald Trump aggressively accumulate Bitcoin, while also eyeing distressed Bitcoin claims from old bankruptcies.
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Newsbtc
1w
309
Shiba Inu Trapped Inside Triangle: 17% Move Incoming?
- Analyst points out that Shiba Inu is trading within a triangle pattern, hinting at a potential 17% move for the memecoin.
- Triangle pattern observed on the 4-hour chart of Shiba Inu suggests consolidation between two converging trendlines, with upper line as resistance and lower line as support.
- The triangle pattern indicates a descending type, potentially signaling a bearish trend continuation or a reversal with a breakout in the upward direction.
- Shiba Inu's current price near the midpoint of the trendlines implies an impending breakout as the triangular channel tightens, with the coin trading around $0.00001436.
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Zebpay
1w
203
Image Credit: Zebpay
Crypto Technical Analysis Report – 29th May 2025
- Bitcoin has dipped below $108,000, testing multi-day lows after failing to break above $110,000 resistance.
- Market focus on upcoming U.S. Federal Reserve meeting minutes for signals on interest rate policy and economic indicators like PCE Index and jobless claims data.
- BTC surged from $74,508 to $111,980 but pulled back to $106,600, currently trading in a range between $106,750 and $110,000.
- To rally further, Bitcoin needs to break and sustain above the recent all-time high, with declining volumes indicating consolidation.
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Newsbtc
1w
33
Image Credit: Newsbtc
Cardano (ADA) Capped Below Resistance — Will Buyers Regain Control?
- Cardano (ADA) price started a fresh decline below the $0.80 zone and is now consolidating.
- ADA is trading above $0.750 and the 100-hourly moving average, with a potential recovery above $0.780.
- There was a break above a bearish trend line with resistance at $0.750 on the hourly chart of the ADA/USD pair.
- If ADA clears the $0.7840 resistance zone, it could start another increase targeting $0.80 and higher levels.
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Coindoo
1w
283
Image Credit: Coindoo
Bullish Momentum Builds as Crypto Sentiment Soars
- Crypto sentiment is on the rise, indicating increased market confidence and potentially sustained bullish price trends.
- Alphractal's sentiment gauge combines social media data, news flow, and various technical indicators for a comprehensive analysis.
- Their approach offers a blend of quantitative and behavioral data, providing a more accurate sentiment metric.
- Strong sentiment readings historically lead to uptrends, while extreme fear signals major accumulation phases in the market.
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Coinjournal
1w
236
Image Credit: Coinjournal
Pakistan to create strategic Bitcoin reserve, earmarks 2000MW for crypto mining
- Pakistan government announces plans to establish a strategic Bitcoin reserve and allocate 2000 megawatts of electricity for Bitcoin mining operations.
- Inspired by the US, Pakistan's Bitcoin reserve strategy involves holding the bitcoins without intending to sell for speculation.
- Minister Bin Saqib underlines Pakistan's focus on fostering a domestic Bitcoin mining industry and inviting global players in the crypto sector.
- Pakistan sees crypto adoption as a way to empower its unbanked population and aims for further development in tokenizing national assets and digital identification systems.
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Coin Telegraph
1w
397
Image Credit: Coin Telegraph
European crypto firm K33 raises $6.2M for Bitcoin buys
- Norwegian crypto brokerage firm K33 raised $6.2 million to buy and hold Bitcoin, aiming to establish a Bitcoin Treasury Strategy.
- The financing was secured through convertible loans and a new share issuance; K33 plans to acquire up to 57 Bitcoin with the funds.
- K33's CEO believes Bitcoin will be the best-performing asset in the coming decade and emphasizes building a Bitcoin reserve independently.
- K33's expansion plans include using Bitcoin reserves to offer new services and form partnerships, as seen in its interim report for the first quarter.
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Cryptopotato
1w
46
Image Credit: Cryptopotato
El Salvador Secures IMF Deal, Retains Bitcoin Holdings Amid Fiscal Changes
- El Salvador has reached a staff-level agreement with the IMF on the first review of its Extended Fund Facility arrangement.
- The agreement is subject to approval by the IMF's Executive Board and hinges on meeting agreed-upon conditions.
- El Salvador has made progress in fiscal reforms and governance, meeting key targets under the IMF-supported program.
- Despite concerns about El Salvador's Bitcoin strategy, efforts continue to ensure government does not increase BTC holdings.
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Bitcoinist
1w
249
Image Credit: Bitcoinist
Bitcoin Short And Long-Term Holder Realized Prices Climb – Sign Of A Healthy Bull Market?
- Bitcoin is consolidating just below the critical $112,000 resistance level, signaling a potential major breakout in the final phase of the bull cycle.
- Rising realized prices for both short-term and long-term holders indicate renewed confidence and healthy accumulation, supporting the bullish thesis for Bitcoin.
- On-chain data and market dynamics suggest that a breakout above $112,000 could lead to price discovery and ignite a broader market rally.
- BTC is trading at $108,910, holding strong above key support levels as it respects higher lows, with $109,300 as a critical resistance level to watch for potential bullish momentum.
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Coindoo
1w
168
Image Credit: Coindoo
Arthur Hayes: Bitcoin Hitting $1 Million Is “Easy” Under Current Conditions
- Arthur Hayes predicts that Bitcoin hitting $1 million is 'easy' under current conditions.
- Hayes attributes the growth of BTC from $3,800 to $70,000 to the $4 trillion stimulus injected into U.S. financial markets.
- ETF-driven supply constraints are reducing the available BTC for spot buyers, leading to increased price volatility and potential upside.
- With projections of double the capital injection by 2028 compared to post-COVID liquidity, Hayes sees a favorable macro environment for Bitcoin and believes in the path to $1 million per BTC.
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