Bitcoin

Bitcoin

Bitcoin Slides Below $79K as $304M in Crypto Longs Vanish After PPI Shock

Key Takeaways Bitcoin tumbled to $78,704 on May 13 following a sharp acceleration in wholesale inflation data. Coinglass data shows the crash triggered $94 million in BTC long liquidations on the top cryptocurrency. Polymarket odds favor a Fed pause in June despite PPI jumping 1.4% in April 2026. Geopolitical Tensions and Macro Factors Bitcoin briefly

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Bitcoin

XRP Momentum Cools After $1.50 Rejection as Traders Watch Critical Support Levels

Key Takeaways XRP held above $1.40 on May 26, 2025, preserving its broader bullish market structure. XRP momentum weakened on 1H and 4H charts as traders monitored resistance near $1.50. MACD signaled a buy for XRP, while EMA and SMA data pointed to bullish continuation. XRP Chart Outlook XRP‘s 1-hour chart reflected growing short-term selling

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Bitcoin

Trump Dismisses Inflation Pressure on Americans While April PPI Tops 6% Year-Over-Year – Bitcoin News

Key Takeaways U.S. PPI jumped 6% year-over-year in April 2026, the biggest gain since December 2022, driven largely by energy costs. Gasoline prices climbed 15.6%, and energy goods rose 7.8%, both tied directly to Strait of Hormuz disruptions from the U.S.-Israel-Iran war. Trump told reporters that Americans’ financial hardships are “not even a little bit”

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Bitcoin

Despite $82,000 Resistance, Bitcoin Prints Higher Lows Since April Bottom

Key Takeaways Bitcoin held near $80,550 on May 13, 2026, as indicators stayed mostly neutral. Market data showed bitcoin volume hit $40.58B as resistance formed near $82,800. Charts suggest bitcoin must reclaim $81,500 or risk falling toward $77,000. Bitcoin Chart Outlook The daily bitcoin chart continued flashing a cautiously bullish tone despite repeated rejection near

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Bitcoin

Strategy Estimated to Have Bought 2,110 BTC Today Using STRC Proceeds

Key Takeaways Strategy is estimated to have bought 2,110 BTC on May 13, funded by proceeds from its STRC preferred stock program. The company raised $206M via STRC in May 2026, issuing 2.12 million shares at near its $100 par value. Strategy’s total holdings now stand near 820,000 BTC, acquired at an average cost of

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Bitcoin

Southeast Asia Blockchain Week 2026 Scheduled for May in Bangkok

The third edition of Southeast Asia Blockchain Week (SEABW) is scheduled to take place from May 18 to 24, 2026, in Bangkok, Thailand, according to an announcement from organizers Hashed and ShardLab. The primary conference sessions will be held at the True ICON Hall within ICON SIAM on May 20 and 21. The event is

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Bitcoin

JPMorgan Eyes Ethereum Again With Second Tokenized Treasury Fund

Key Takeaways JPMorgan filed with the SEC to launch JLTXX, its 2nd Ethereum tokenized fund, via Kinexys Digital Assets. JLTXX must hold 100% short-term U.S. Treasuries, aligning with GENIUS Act stablecoin reserve rules. Blackrock’s BUIDL surpassed $2.8B in AUM by early 2026, setting the pace in tokenized Treasury competition. Kinexys Powers the Onchain Infrastructure The

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Bitcoin

MEXC Commits to 1,000 BTC Purchase as Guardian Fund Targets $500M Expansion

Key Takeaways MEXC plans to expand its Guardian Fund to $500M over two years, along with a 1,000 BTC reserve. MEXC logged $270M inflows by May 11, reflecting demand for stronger reserve safeguards. MEXC will add on-chain BTC and USDT proof-of-reserves to boost transparency and trust. BTC and USDT to Serve as Dual Reserve System

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Bitcoin

Kenya Narrows Crypto-Offshore Gambling Escape Valve in Finance Bill 2026

Key Takeaways Treasury CS John Mbadi submitted Finance Bill 2026 to Parliament on April 30, 2026 targeting KSh 120 billion. VASPs to file annual returns to KRA under Tax Procedures Act amendment after section 6B. The bill reintroduces 20% withholding tax on gambling winnings, reversing a previous removal. Two Reform Lanes in One Vehicle Narrow

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Bitcoin

Exodus Movement Sells 1,076 Bitcoin to Fund Global Payments Expansion

Key Takeaways Exodus Movement reduced its bitcoin treasury by 63% in Q1 2026 to fund strategic fintech acquisitions. The 1,076 BTC liquidation helped raise cash for the May 1 purchase of payments firms Monavate and Baanx. Despite the $73.2 million disposal, Exodus reported a $32.1 million net loss amid lower trading volumes. NYSE American Listed

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