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Latest Bitcoin news, price updates, and market trends

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Bitcoin News Today: Bitcoin Must Hold Above $95K to Avoid Short-Term Correction, Bitfinex Warns

Bitcoin’s (BTC) ability to maintain support above $95,000 could determine whether the market heads toward a fresh all-time high or risks a near-term correction.Bitcoin Price Hovers Near $96,730 as Fed Holds Rates SteadyBitcoin’s current price consolidation near the $96,730 mark has drawn attention from analysts at Bitfinex, who emphasize the importance of the $95,000 support zone. In its May 6 markets report, Bitfinex said this level is a "critical pivot point" that could shape the direction of BTC’s next major move.The comment comes shortly after the U.S. Federal Reserve, on May 7, confirmed it would hold interest rates steady at 4.25%–4.50%, citing rising risks of both inflation and unemployment amid ongoing macroeconomic uncertainty. Bitcoin traded higher on the day of the announcement, suggesting a cautiously optimistic market response.Key Support Could Mark Return to Bullish StructureAccording to Bitfinex, holding above $95,000 would confirm a “structural shift” back into bullish territory and open the door for Bitcoin to retest its $109,000 all-time high, set on Jan. 20, 2025. This level currently marks the upper bound of a three-month trading range established between November 2024 and February 2025.If this support holds, analysts believe a breakout toward $98,000 and beyond could trap short sellers, creating a short squeeze scenario. Crypto analyst Thomas Fahrer noted that $400 million worth of short positions are vulnerable to liquidation if BTC reaches $98,000.Failure to Hold Could Trigger CorrectionHowever, if Bitcoin fails to defend the $95,000 level, Bitfinex warns that the zone may flip into resistance, potentially triggering a short-term rejection and another round of corrective price action.“The next few days will be critical,” Bitfinex stated, adding that BTC’s ability to either break higher or revisit lower support levels will likely be influenced by macroeconomic cues and trading sentiment.$123K Target Still in Play for June?Bitcoin is up 2% over the past seven days and remains in a tight upward channel. Market watchers are now looking to June as a potential window for a new all-time high. In March, Real Vision analyst Jamie Coutts projected a best-case BTC price target of $123,000 by June, while Swan Bitcoin CEO Cory Klippsten estimated a 50% chance of reaching new highs by the end of Q2.Despite these bullish projections, historical patterns suggest caution. Since 2013, Bitcoin’s average performance in June has been slightly negative at -0.35%, according to market data.Sentiment Improves as BTC Nears $100K MilestoneOverall sentiment appears to be tilting bullish. The Crypto Fear & Greed Index jumped 8 points to 67, landing deeper in “Greed” territory, reflecting increasing investor confidence as Bitcoin edges closer to the psychological $100,000 threshold.
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Bitcoin News: Bitcoin Realized Cap Hits $890B as Bulls Eye Breakout Toward $100K

Bitcoin’s realized capitalization has reached a new all-time high of $890 billion, fueled by sustained accumulation from both short- and long-term holders amid optimism over a potential price breakout to $100,000.Bitcoin Price Consolidates Above $96K as Realized Cap Hits Record HighOn May 7, Bitcoin’s realized capitalization — a key on-chain metric measuring the value of each BTC at its last moved price — surged to a record $890 billion, according to Glassnode data. This milestone reflects growing conviction among investors, with both long-term holders (LTHs) and short-term holders (STHs) continuing to accumulate BTC.The Bitcoin price was trading at $96,485 at the time of publication, recovering from a brief dip below $94,000 earlier in the week. The move above $97,000 on May 6 was partially attributed to short liquidation pressure following news that U.S.–China trade talks would resume on May 10, announced by U.S. Treasury Secretary Scott Bessent.Whale Activity Mirrors Pre-ATH PatternsThe number of Bitcoin wallets holding more than 1,000 BTC rose sharply, climbing from 1,945 on March 1 to 2,006 by May 7 — the largest 30-day increase in 2025. This behavior mirrors a similar trend seen in Q1 2024, which preceded Bitcoin’s previous all-time high.Data from Cointelegraph and Glassnode shows that addresses holding between 10 and 10,000 BTC added more than 81,300 BTC over the past six weeks, signaling renewed institutional and high-net-worth investor confidence.Can Bitcoin Recapture $100,000?BTC faces a critical resistance zone between $97,000 and $99,000, which previously acted as a price ceiling during Q1 2025. A successful breakout above this level could invalidate the near-term bearish structure and open the path toward the psychologically important $100,000 mark — a level that, while symbolic, does not carry major historical resistance.Technical analysts have identified downside liquidity between $91,600 and $89,000, which may act as support if macro volatility increases, especially following this week’s FOMC minutes and Fed commentary.Crypto analyst Michael van de Poppe suggested that the recent recovery from below $94,000 may represent a local bottom, reinforcing his view of a breakout to $100K within two weeks. Meanwhile, trader Honey forecasted a more gradual rise, predicting BTC will hit $111,111 by the end of Q2 2025. 
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Trump's Policies Set to Influence Summer Crypto Market in 2025

According to BlockBeats, K33 Research has indicated that the summer of 2025 may present a unique landscape for the cryptocurrency market, largely influenced by policies enacted by U.S. President Donald Trump. Trump has signed executive orders to establish strategic reserves of Bitcoin and digital assets, aiming to position the United States as a global leader in cryptocurrency. These reserves, primarily composed of Bitcoin seized by the Treasury, are intended to be held as national assets rather than sold. Despite a subdued initial market reaction, with Bitcoin prices remaining between $77,000 and $87,000 throughout April, analysts suggest that these policies could encourage institutional investor participation over time, creating a 'flywheel effect' that accelerates industry growth. Investors are advised to hold their assets in May and observe the gradual impact of these policies, rather than following the traditional 'sell in May and go away' strategy inherited from conventional markets. Vetle Lunde, Head of Research, and Senior Analyst David Zimmerman from K33 Research highlighted in a Tuesday report that while summer typically offers fewer catalysts than other times of the year, 2025 will be different due to the numerous catalysts driven by President Trump. Cryptocurrencies are expected to benefit from several favorable factors initiated by Trump, while the stock market may face renewed tariff challenges, setting the stage for Bitcoin's relative strength in the coming months.
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Bitcoin Core Faces Controversy Over Proposed Code Change

According to PANews, a recent proposal to alter Bitcoin Core's default memory pool has sparked debate within the cryptocurrency community. Samson Mow, CEO of Bitcoin wallet company Jan3, revealed that veteran Bitcoin developer Peter Todd was paid to draft the controversial code change proposal, PR 32359. This proposal aims to remove the data carrier limit for OP_RETURN in Bitcoin Core, a move Mow claims is driven by corporate interests rather than community consensus. During discussions, Antoine Poinsot from Chaincode Labs and Todd provided cultural and technical justifications for lifting the restriction, arguing that it is ineffective in preventing non-financial data storage on the blockchain. However, Todd admitted that the proposal primarily serves corporate purposes. Mow expressed suspicion that someone at Chaincode compensated Todd through "PR laundering," a claim Poinsot denied, accusing Mow of seeking attention. Additionally, Blockstream engineer Greg Sanders mentioned that Core plans to implement PR 32359 in the next update, though the intentions of core maintainers remain uncertain, and it is unclear if the modification will be included in the new version. The related voting and participation on GitHub have been locked, with dozens of developers divided on the issue. The number of full nodes opposing the PR has reached a record high. On social media, the hashtag #FixTheFilters has gained traction, with many critics accusing Core of catering to corporate interests at the expense of Bitcoin's development.
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