Bitcoin | Crypto

Senate Bill 163 bans CBDC payments by state agencies and shields Bitcoin miners from discriminatory zoning and licensing rules. South Carolina Governor Henry McMaster signed Senate Bill 163 into law on Tuesday, advancing one of the most crypto-friendly state-level frameworks in the country. The bill, which previously passed the Senate 38-1 and the House 110-1, bans state agencies from accepting central bank digital currencies (CBDCs), protects the rights of crypto users and miners, and clears regulatory hurdles for businesses operating in the space. On CBDCs, the law bars any state agency or political subdivision from accepting, requiring payment in, or participating in Federal Reserve-led digital currency trials, including any pilot programs run by federal agencies. Read more

Truth Social's Bitcoin ETF plan is dead for now, and the fee war offers a more compelling explanation than Yorkville's official rationale. The President Donald Trump-linked Truth Social Bitcoin ETF filed to withdraw its S-1 registration statement on May 19, saying it would no longer pursue the public offering “at this time.” For investors searching […] The post Truth Social’s spot Bitcoin ETF exit shows how brutal the market has become appeared first on CryptoSlate.

Bernstein says miners control 27 GW of planned power and $90 billion in AI deals, giving them a strategic edge as electricity becomes the main constraint on data center growth. Bitcoin miners are emerging as an important part of the AI infrastructure supply chain because they control large amounts of power capacity and data center real estate that are increasingly difficult to secure, according to a new research note from Bernstein. Analysts Gautam Chhugani, Mahika Sapra, Sanskar Chindalia and Harsh Misra estimate that publicly traded Bitcoin miners control more than 27 gigawatts of planned power capacity and have announced more than $90 billion in AI-related agreements covering 3.7 gigawatts with hyperscalers, neocloud providers and chipmakers. An April 29 research brief from RAND said that it expects the US will add approximately 82 GW of additional net available capacity by 2030. Read more

Bitcoin futures and orderbook data show dip buyers waiting for a BTC price drop below $70,000. Bitcoin (BTC) traders have shifted their focus lower after futures and order book data point to strong buyer interest in the $68,000-$70,000 zone. Sell pressure has increased in the derivatives markets and the daily bid-ask ratio fell to -0.03, showing sellers are currently more aggressive than buyers as traders position around liquidation levels. The visible range volume profile (VRVP) indicator shows the $68,000-$70,000 region as the most densely traded zone on the chart since November 2025. High trading activity in that price range suggests most positions were opened near those levels over the past few months. Read more

The Bitcoin price dropping below $78,000 has shifted market attention to whether buyers can defend the $76,000 area or whether the pullback opens the way for a deeper move toward $70,000. Crypto market maker Wintermute said the latest decline followed another rejection near $82,000, where Bitcoin has struggled to reclaim its 200-day moving average. The […] The post Bitcoin price risks slide toward $70,000 as $76,000 support weakens appeared first on CryptoSlate.

BTC price stayed pinned below $77,000 amid rising US bond yields and oil prices, with market analysts saying Bitcoin is now at a "crucial level of support." Bitcoin (BTC) consolidated near month-to-date lows on Tuesday as surging US bonds punished stocks and safe havens. Key points: Read more

Canaan’s Q1 results were dragged down by a $25 million inventory write-down and a 75% quarterly drop in equipment sales as Bitcoin prices retreated from their highs. Bitcoin miner Canaan reported a net loss of $88.7 million for the first quarter of 2026, as falling Bitcoin (BTC) prices squeezed margins and triggered a significant inventory write-down. The company posted total revenue of $62.7 million for the quarter ending March 31, a sharp decline from the $196.3 million it recorded in the previous quarter, according to a Tuesday press release. Industrial mining equipment remained the company’s primary revenue driver at $39.6 million, though sales tumbled 75% from the prior quarter. Self-mining contributed $19.1 million, while the home mining segment brought in $2.7 million, a category that more than doubled year-on-year. Read more

Throughout 2026, MSTR stock and Strategy’s preferred securities are trading as more than a simple Bitcoin proxy. Bitcoin is down about 12.5% year to date, while Strategy stock, trading as MSTR, is up about 6.8% Strategy's preferred securities have also held up better than BTC in price. STRC is nearly flat, while STRD, STRF, and STRK […] The post MSTR stock is beating Bitcoin, but another Strategy asset matters more now appeared first on CryptoSlate.

Bitcoin held near $76,800 as altcoins weakened, WLFI slid and traders watched whether the largest cryptocurrency can hold Tom Lee's line in the sand.

Bitcoin ATM company, Bitcoin Depot, filed for Chapter 11 protection on May 18 in the Southern District of Texas, announcing it would wind down operations and sell assets, and that its kiosk network, with over 9,000 locations globally as of August 2025, would go offline the same day. A May 12 SEC disclosure showed that […] The post The US Bitcoin ATM industry is breaking under fraud, bans, and fees appeared first on CryptoSlate.

Bitcoin has fallen about 6% from $82,000 to $76,800, and underlying data point to the drop being more than a routine pullback.

Bitcoin positions itself for a rally above $80,000 after Strategy's $2 billion BTC buy, crumbling investor confidence in the US Treasury and a potential US-Iran deal. Key takeaways: Bitcoin (BTC) faced a rejection following a failed attempt to break above $82,000 on Thursday. A subsequent retest of the $76,000 level on Monday triggered $400 million in liquidations for bullish Bitcoin positions over a four-day period. While traders’ confidence took a hit from the 7% price decline, the prospects for recovering the $80,000 mark remain valid. Read more

Hosting revenue outpaced mining as new capacity came online, highlighting Soluna’s shift toward data centers for AI and high-performance computing. Digital infrastructure company Soluna Holdings reported strong first-quarter revenue growth as expanding data center operations helped offset weaker returns from cryptocurrency mining. Revenue rose 58% from a year earlier to $9.4 million and increased 2% from the previous quarter, according to the company’s earnings report released Monday. It was Soluna’s fourth-consecutive quarter of sequential revenue growth. The gains were driven by additional capacity coming online at the company’s Dorothy and Kati sites in Texas. Data center hosting generated $6.7 million in revenue, while cryptocurrency mining contributed roughly $2.2 million, down from nearly $3 million the year before, as Bitcoin mining economics deteriorated.  Read more

Bitcoin price breaking below $78,000 turned one of crypto’s strongest regulatory weeks into a severe test of market structure, exposing how quickly macroeconomic pressure and crowded positioning can overpower a favorable policy catalyst. The price decline came shortly after the CLARITY Act advanced toward a Senate floor vote, a milestone that would typically strengthen the […] The post Bitcoin’s price drop below $78K cleared the path for a rebound as options traders hedge downside risk appeared first on CryptoSlate.

Bitcoin traders are closely watching the $74,000-$75,000 support zone as exchange inflows rise and market signals weaken following BTC's loss of momentum above $82,000. Bitcoin (BTC) lost its hold on the $80,000 level over the weekend, and data suggest that the cryptocurrency needs to trade above the $74,000-$75,000 range, as it has repeatedly served as key support over the last two years.  Crypto analyst Ardi said the next retest of the $74,000-$75,000 range could become the most important support test of the current bear market. The analyst pointed to the role that the price range played during the last two years. In 2024, Bitcoin struggled to break above the range during a seven-month-long consolidation. In Q1 2025, the same area held as support before BTC rallied toward its cycle highs at $126,000. Read more

Michael Saylor’s Strategy bought 24,869 Bitcoin for $2.01 billion last week, lifting holdings to 843,738 BTC as STRC sales funded around 97% of the acquisition. Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, made another massive BTC acquisition last week as the crypto asset hovered around $80,000. Strategy acquired 24,869 Bitcoin (BTC) for $2.01 billion between May 11 and 17, according Monday's 8-K filing with the US Securities and Exchange Commission. Read more

The bank said accelerating advances in quantum computing are compressing the timeline for risks to crypto and broader internet infrastructure, with Bitcoin seen as particularly exposed.

Bitcoin faces renewed Treasury yield pressure after Japanese investors sold $29.6 billion of US government, agency, and local authority debt in the first quarter, the largest quarterly net sale since the second quarter of 2022. As Bloomberg reported, the catalyst was an abrupt turnaround in Federal Reserve rate expectations when oil prices jumped, making existing […] The post Bitcoin faces Treasury yield pressure as Japan sells nearly $30 billion of US debt appeared first on CryptoSlate.

Bitcoin analysis says BTC price could revisit the $65,000 demand area after fresh US-Iran war tensions soured the crypto market mood. Bitcoin (BTC) dropped to $76,000 during the early Asian trading hours on Monday as US-Iran tensions resurfaced.  Key takeaways Data from TradingView showed BTC price dropped as much as 7% over the last three days to three-week lows of $76,500, erasing all the gains made since May 1.  Read more

Bitcoin and ether sank after the U.S. president told Iran the “clock is ticking,” sending oil higher and triggering broad crypto liquidations.