Bitcoin’s break above $82,000 and a return of strong institutional demand are prerequisites to confirm a trend change for BTC price. Bitcoin’s (BTC) Thursday rally to $82,000, buoyed by the Senate Banking Committee's advancement of the CLARITY Act, has stalled amid stiff overhead resistance and weakening ETF demand. Still, analysts said that BTC’s upward momentum may increase if key conditions are met. Key takeaways: Data from TradingView showed BTC tested overhead resistance at $82,000, which has rejected the price since last week. Read more
US authorities find an additional $10 million connected to Sam Bankman-Fried, the former CEO of Celsius ditches his legal team and a new law in Washington state bans crypto ATMs. On Wednesday, lawyers representing Alex Mashinsky moved to withdraw as attorneys in the case, saying that the former Celsius CEO would be “proceeding pro se” — representing himself in court. Mashinsky was sentenced to 12 years in prison for his role in fraud and price manipulation at the crypto lending platform. Source: PACER Roni Cohen-Pavon, Celsius’ former chief revenue officer, is scheduled to be sentenced on May 13 after pleading guilty in September 2023. On May 4, US prosecutors recommended that the judge consider Cohen-Pavon’s “substantial assistance” to the government at sentencing, signaling leniency. Read more
Bitcoin’s futures funding rate has remained negative even as BTC bounced back above $75,000. Should traders be worried? Key takeaways: Negative Bitcoin futures funding rates signal bear-market losses and forced liquidations rather than a shift in sentiment. Institutional inflows into Bitcoin ETFs and corporate accumulation suggest that spot demand remains solid. Read more
A resurgence in institutional demand and spot ETF inflow return could put Ethereum price in a better position to overcome the next hurdle at $2,200. Ether’s (ETH) 9% rally on Monday stalled at $2,200 due to stiff overhead resistance and weak ETF demand. Still, technical and onchain setups suggested that upward momentum may increase as long as ETH stays above the $2,000 mark. Key takeaways: Ether bulls must flip the $2,200 level into new support. Read more
Past oil-war shocks lifted inflation and hurt risk appetite, which raises the risk of Bitcoin falling below $50,000 in 2026. Bitcoin (BTC) has been among the best-performing assets amid the US–Iran war, but signs of upside exhaustion are emerging due to an “out-of-control” bond market. Key takeaways: US benchmark yields may rise by 200 basis points if the US–Iran war drags on further. Read more
A 70% oil spike could nearly double US inflation, slash rate-cut hopes, and deepen downside risks for Bitcoin prices in the coming months. Bitcoin (BTC) has outperformed US equities and gold since the US and Israel’s attack on Iran on Feb. 28, underscoring its strength amid one of the year’s biggest geopolitical shocks. However, BTC’s rally may face a serious challenge if oil prices spike toward $180 per barrel, a scenario some Saudi Arabian officials now see as plausible if Middle East supply disruptions persist beyond April. Key takeaways: Read more