Crypto sentiment platform Santiment warned that the two biggest spikes in social media bullishness around Bitcoin have previously been followed by short-term price pullbacks.
Bitcoin dip buyers are present near range lows, and new leveraged longs opened in the zone but the volumes lack the size needed to reverse the downtrend.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy1pbWFnZXMuY3RtZWRpYS5pby9tZWRpYS9hcnRpY2xlLWNvdmVycy9jcnlwdG8tYml0Y29pbi1mYWxsaW5nLmpwZw==.jpg" alt="Bitcoin is at ‘pivotal level’ as $65K downside risk looms: Analyst" class="type:primaryImage"></p><p>While Bitcoin is hovering around $73,000, a crypto trader says the current setup is “different from the previous breakdown in February.”</p>
The Senate Banking Committee voted to advance the CLARITY Act in May, but it must still pass both chambers of Congress before heading to the president's desk.
The $12.6 million in USDC was likely frozen in connection with an ongoing but unrelated civil court case, according to onchain sleuth ZachXBT.
The SEC charged Texas man Nathan Fuller with raising $12.3 million from 150 investors through a crypto fraud scheme built around fake AI trading bots.
Later this month, the Kevin Warsh-led central bank will start preparing a possible pivot to tighter policy.
“I’m trying to figure out whether it’s worth my while achieving FIRE.”
Spot Bitcoin ETFs logged a record 10-day outflow streak totaling nearly $3 billion, while Ether ETFs bled for 14 consecutive sessions.
BSTR co-founder Sean Bill says many Bitcoin treasury companies lack the “ability to actually deploy Bitcoin.”
US Treasury Secretary Scott Bessent said the US has seized roughly $1 billion in Iranian crypto assets, double the figure disclosed in late April.
Swan Bitcoin CEO Cory Klippsten said it is important to pay attention to retail sentiment around Bitcoin, as ownership is still far from concentrated and “it’s not like Blackrock owns the Bitcoin.”
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy1pbWFnZXMuY3RtZWRpYS5pby9tZWRpYS9hcnRpY2xlLWNvdmVycy9oaS1ob3ctdG8tcmVhZC1jcnlwdG8tY2hhcnRzLWJpdGNvaW4uanBn.jpg" alt="Bitcoin dip buyers place $500M in bids as $70K retest looms" class="type:primaryImage"></p><p>Over $500 million in Bitcoin bids now sit near $70,000, while options traders and futures positions converge around the same level.</p>
As the CFTC and Gemini work together to seek a court's reversal of a 2025 settlement, one of the agency’s former chairs said the public “deserves a better explanation.”
Prosecutors say Kevin Juin used money he raised to buy the company Honey Birdette to purchase luxury watches, jewelry, private-club memberships and OnlyFans subscriptions.
A White House meeting Friday ended without a decision by the U.S. president.
ServiceNow shares gained over 40% this month, leading an industrywide relief rally among enterprise software companies.
The CFTC issued notices affecting platforms seeking to offer cryptocurrency perpetual futures contracts, including a no-action position for Coinbase and approval for Kalshi.
Kalshi and Coinbase have received permission from the Commodity Futures Trading Commission to bring perpetual futures to U.S.-based investors.
The U.S. economy may be more fragile than a raging bull market suggests.