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According to BlockBeats, cryptocurrency analyst Bluntz has identified a bearish divergence on Bitcoin's daily chart, which could dampen hopes for the cryptocurrency to reach a new all-time high this week. A bearish divergence occurs when the price continues to hit new highs, but the Relative Strength Index (RSI) shows higher lows, indicating that buying pressure is weakening despite the price surge.

According to BlockBeats, despite Bitcoin's price hovering slightly below its all-time high from January, digital asset ETF issuer 21Shares anticipates substantial growth for Bitcoin this year. In a report released on Monday, 21Shares research strategist Matt Mena stated that "Bitcoin is on the verge of a breakout." He attributes the current Bitcoin rally not to retail frenzy but to a combination of structural forces, including institutional inflows, historic supply constraints, and an improving macroeconomic environment. These factors suggest Bitcoin is on a path to reach new all-time highs in a more sustainable and mature manner. The continuous absorption of Bitcoin by spot Bitcoin ETFs exceeds daily mining output, further tightening supply. Additionally, major institutions like Strategy and newcomers such as Twenty One Capital are consistently accumulating Bitcoin, with some countries even exploring the establishment of strategic reserves. Mena predicts that the combined impact of these factors could drive Bitcoin's price to $138,500 this year.

On May 20, 2025, 00:14 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 106,000 USDT benchmark and is now trading at 106,000 USDT, with a narrowed narrowed 0.54% decrease in 24 hours.

On May 19, 2025, 16:28 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 105,000 USDT benchmark and is now trading at 105,034.210938 USDT, with a narrowed narrowed 0.40% decrease in 24 hours.

On May 19, 2025, 14:51 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 104,000 USDT benchmark and is now trading at 104,079.71875 USDT, with a narrowed narrowed 1.38% decrease in 24 hours.

On May 19, 2025, 13:41 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 103,000 USDT benchmark and is now trading at 103,005.109375 USDT, with a narrowed narrowed 1.32% decrease in 24 hours.

Bitcoin (BTC) witnessed significant price volatility on Sunday, May 19, during the opening of CME Bitcoin futures at 23:00 UTC, briefly spiking to $107,000 before sharply retreating to $102,000. The movement, which cleared liquidity on both sides of the order book, suggests increasing pressure around key resistance levels and raises the potential for a breakout toward a new all-time high.CME Futures Lead Sunday Volatility Amid Thin LiquiditySunday evening volatility in the crypto market is a recurring trend, typically coinciding with the weekly opening of Chicago Mercantile Exchange (CME) Bitcoin futures. This week's episode, however, differed in one key respect—price action was led by CME, signaling the influence of institutional traders rather than retail crypto participants.Unlike recent weeks, the usual CME gap—a discrepancy between Friday’s closing and Sunday’s opening—was absent. Instead, BTC whipsawed within a $5,000 range, resulting in a swift liquidation of long and short positions. Analysts interpret this as an inflection point, with market depth now skewed toward the upside.Market Depth Analysis: Resistance Thin Above $107KAccording to aggregated order book data, liquidity between $107,000 and $110,000 remains thin, while substantial buy-side interest persists around $100,000. This imbalance suggests that an upward breakout may face minimal resistance, allowing for a potential rally toward new record highs if triggered by a strong catalyst.At the same time, some analysts caution that the sudden price movement may have been the result of a stop-loss sweep. This tactic is commonly used to trigger liquidations and create favorable entry points for new short positions by driving up price temporarily.Strategic Positioning: New Shorts at $107K May BackfireThe recent price spike to $107,000 may have lured short traders into opening positions, placing stop-loss levels above $110,000. Should bullish momentum return, these stop losses could be triggered en masse, further fueling an upward thrust through price acceleration via forced buybacks.While short-term movements remain speculative, the underlying market structure and diminished resistance above $107,000 increase the likelihood of a decisive move—either driven by market fundamentals or an external catalyst.

According to Odaily, a recent court ruling in Australia could result in a $640 million tax refund related to Bitcoin. Judge Michael O'Connell of Victoria ruled in a theft case involving 81.6 Bitcoins, valued at approximately $13 million, that Bitcoin should be considered currency rather than a taxable asset. This decision challenges the Australian Taxation Office's (ATO) stance since 2014, which has classified cryptocurrencies as capital gains tax (CGT) assets. Tax lawyer Adrian Cartland noted that if the ruling is upheld on appeal, Bitcoin traders could receive refunds totaling 1 billion Australian dollars, or about $640 million. The ATO has not yet confirmed the specific refund amount. Notably, the judge compared Bitcoin to the Australian dollar rather than stocks or gold, suggesting that Bitcoin transactions might be exempt from the current CGT framework. Previously, the ATO required that any disposal of Bitcoin, including converting it to fiat currency, trading it for other cryptocurrencies, or purchasing goods, constituted a CGT taxable event.

According to PANews, Bitdeer Technologies Group (Btdr.US) has released its financial results for the first quarter of the 2025 fiscal year. The company reported a revenue of $70.1 million, marking a 41.3% decrease compared to the same period last year, but a 1.6% increase from the previous quarter. Revenue from self-operated businesses amounted to $37.2 million, a 10.4% year-over-year decline. The company faced a comprehensive gross loss of $3.2 million, with a gross margin of -4.6%. This was primarily due to increased electricity costs during Bhutan's dry season, which led to a temporary shutdown of its mining operations there. However, electricity prices have since returned to $0.042 per kWh as the wet season commenced. Bitdeer also reported $4.1 million in sales from its Seal mining machines, marking the official start of its mining equipment sales.The adjusted EBITDA was a negative $56.1 million, compared to a positive $27.3 million in the same quarter of 2024. Net profit reached $410 million, largely due to the reversal of fair value adjustments on convertible notes and Tether options from the fourth quarter of 2024.Bitdeer's prepaid expenses rose to $382 million in the first quarter of 2025, up from $310 million in the fourth quarter of 2024, covering the maximum wafer volume required. The Seal02 mining machines have entered the shipping phase, with future operations and sales dependent on competitor pricing strategies. The Seal03 machines completed wafer production in the first quarter and are currently in testing, with deployment and sales expected by late third or fourth quarter of 2025.In response to U.S. tariff challenges, Bitdeer plans to complete its North American assembly plant in the second quarter, allowing for localized assembly despite a nearly 10% cost increase. This is considered negligible compared to Southeast Asian tariffs. The Southeast Asian plant will continue to serve non-U.S. markets.Globally, Bitdeer is rapidly expanding its power infrastructure, with available capacity expected to reach 1.6GW by the end of the second quarter and 1.8GW by year-end. As of April, Bitdeer's self-operated mining hash rate reached 12.5 Eh/s, with projections to increase to 40 Eh/s by October and exceed 40 Eh/s by the end of 2025. The latest Seal01 and Seal02 machines were deployed in March, maintaining mining costs at least 20% lower than competitors. The replacement of outdated machines is expected to further enhance cost advantages, with exponential production growth anticipated from the second quarter.Bitcoin prices have recently rebounded, potentially surpassing the previous high of $109,000 per coin. The U.S. dollar has been under pressure since the trade war, enhancing Bitcoin's appeal as a safe-haven asset. The Federal Reserve's recent adoption of an "average inflation" policy could lead to interest rate cuts as early as June, with expectations for three cuts this year, supporting Bitcoin prices. Bitdeer is poised for significant developments following a transitional period in late 2024 and early 2025, with mining machine development and self-operated mining expansion being key focus areas. The first quarter of 2025 is expected to be the company's weakest period over the next two years, marking a turning point in operations, making it a top choice among North American Bitcoin mining stocks.

According to Foresight News, Strategy purchased 7,390 bitcoins between May 12 and May 18. The average value of these acquisitions was $103,498 per bitcoin, amounting to a total investment of $764.9 million.

According to PANews, Bitcoin developer John Carvalho introduced Bitcoin Improvement Proposal 177 on April 23, aiming to replace satoshis as the fundamental unit of Bitcoin by dividing 21 million Bitcoins into 21 trillion units. This proposal follows a 2017 suggestion by developer Jimmy Song to create 'bits' as a representation of one-millionth of a Bitcoin, which Carvalho believes did not simplify the complexity.Block CEO Jack Dorsey supports the change, expressing in a post on May 18 that satoshis, or sats, are confusing for newcomers. However, Swan Bitcoin CEO Cory Klippsten opposes the proposal, arguing that people can understand satoshis in Bitcoin just as they understand cents in dollars. Additionally, Bitcoin's creator, Satoshi Nakamoto, had previously indicated that the unit display method could be altered.Since the Taproot upgrade in November 2021, no new improvement proposals have been implemented in the Bitcoin network.

According to Odaily, as of May 18, 2025, the BlackRock BUIDL Fund has reached approximately $2.88 billion in assets. The fund's holdings are predominantly in Ethereum ecosystem assets, which account for $2.68 billion, representing over 95% of the total. The remaining assets are distributed in smaller amounts across other chains such as Aptos and Avalanche. Ethereum continues to maintain a dominant position in the RWA sector.

According to PANews, recent data from Glassnode reveals that Bitcoin's short-term correlation with gold has decreased to -0.54 over the past 30 days, marking the lowest level since February. Despite this decline, the 90-day and 365-day correlations remain positive, standing at 0.39 and 0.60, respectively.

According to ShibDaily, Mayer Mizrachi, the mayor of Panama City, has hinted at the possibility of establishing a Bitcoin reserve at the city level. This development follows his recent meeting with Max Keiser and Stacy Herbert, two prominent figures in El Salvador's Bitcoin policy. Mizrachi shared a brief post on social media platform X, simply stating "Bitcoin Reserve," without providing further details about the discussions that took place.The timing of Mizrachi's post is significant, as it comes just over a week before he is scheduled to speak at the Bitcoin 2025 conference in Las Vegas. This move aligns with Panama City's progressive stance on cryptocurrency, as evidenced by the Panama City Council's decision on April 15, 2025, to allow residents to pay taxes, fees, permits, and fines using Bitcoin, Ethereum, and stablecoins like USD Coin and Tether. This decision positions Panama City as a leader in cryptocurrency adoption in the region and reflects a broader trend of municipalities worldwide integrating blockchain technology into their financial systems.Globally, governments now collectively hold over 463,700 Bitcoin, which accounts for approximately 2.3% of the total circulating supply of the cryptocurrency, as reported by CoinGecko on April 28. El Salvador, in particular, has been expanding its national Bitcoin treasury, amassing 6,135 BTC through a policy of consistent daily acquisitions. This effort is part of the country's broader strategy to integrate Bitcoin into its national financial framework. El Salvador remains the only nation actively purchasing Bitcoin daily as part of its sovereign reserve strategy.

According to BlockBeats, Japanese publicly traded company Metaplanet experienced a 6.95% increase in its stock price, reaching $4.39. Over the past month, the company's stock has surged by 56.61%. In recent developments, Metaplanet has acquired an additional 1,004 bitcoins, amounting to a total investment of 15.195 billion yen, with an average price of approximately 15.13 million yen per bitcoin. Currently, Metaplanet holds a total of 7,800 bitcoins, with a historical average purchase price of 13.51 million yen per bitcoin.

According to Binance Market Data, Bitcoin (BTC) dropped below 103,000 USDT and is now trading at 102,853.1875 USDT, with a 0.55% decrease in 24 hours.

According to Foresight News, images released by El Salvador's President Nayib Bukele indicate that the country's Bitcoin holdings have appreciated by approximately $357 million. This development highlights the financial impact of El Salvador's decision to adopt Bitcoin as legal tender, a move that has been closely watched by global financial markets. The increase in value reflects the cryptocurrency's recent performance and underscores the potential benefits and risks associated with digital currency investments. El Salvador's pioneering approach continues to generate interest and debate among economists and policymakers worldwide.

According to Foresight News, Twitter founder Jack Dorsey recently tweeted about the Bitcoin BIP177 proposal. This proposal suggests redefining 'bitcoin' to represent the smallest unit of Bitcoin. As of now, BIP177 remains in the proposal stage and has not yet reached consensus.

According to Odaily, the average transaction fee for Bitcoin over the past seven days has risen to $2.40, marking an increase of approximately $1 since early May and setting a new high for the year. Data from Glassnode indicates that the 'illiquid supply' of Bitcoin, which refers to BTC that has remained unmoved for a long period, has reached an all-time high. This suggests a decrease in the amount of Bitcoin available for trading on exchanges. Should demand increase in the future, this could lead to a supply shock, potentially driving prices higher.Additionally, Bitcoin's market dominance has shown signs of recovery after a previous decline. This may indicate that the recent short-term pullback relative to other cryptocurrencies is more influenced by liquidity factors rather than a structural shift towards an 'altcoin season.'

According to BlockBeats, Strategy founder Michael Saylor recently stated that the digital gold rush is expected to conclude around January 7, 2035. He urged individuals to acquire Bitcoin before it potentially disappears.