The post Bitcoin ETFs Lose $2.9B as BTC Tests $76K appeared on BitcoinEthereumNews.com.
Bitcoin ETFs post $2.9B in 10-day outflows as USDT market cap drops $1.2B before BTC approaches the $76.3K resistance test. Bitcoin exchange-traded funds recorded heavy redemptions through May 29, as spot Bitcoin ETF flows turned negative for 2025. The reported $2.9 billion exit came during ten straight days of outflows. Market attention also moved to Tether, after USDT market value fell by $1.2 billion in 24 hours. Traders are now watching whether Bitcoin can retest the $76,300 area, or face renewed selling pressure. Bitcoin ETFs See Ten Days of Outflows Spot Bitcoin ETFs lost $2.9 billion across ten straight trading days through May 29. The largest daily exit came on May 27, when redemptions reached $733 million. The selling was led by BlackRock’s IBIT, according to the market data shared. IBIT had earlier been one of the strongest drivers of Bitcoin ETF demand. Bitcoin ETFs shed $2.9 billion over
The post FBI Seizes 127,000 Bitcoin in Global Scam Network Bust appeared on BitcoinEthereumNews.com.
FBI’s Operation Blackout seized over $8 billion and dismantled a global crypto scam network. Nearly 2,000 trafficked workers were freed as authorities shut down scam compounds worldwide. The FBI says crypto fraud networks increasingly combine scams, money laundering, and trafficking. The FBI has broken up a vast cryptocurrency fraud network that authorities say stole billions of dollars from victims around the world. The operation, which stretched across Asia, Africa, the Middle East and the United Arab Emirates, targeted criminal groups accused of running online investment and romance scams while forcing thousands of people to work in scam compounds. As part of the crackdown, U.S. investigators seized more than 127,000 bitcoin linked to Cambodian businessman Chen Zhi, chief executive of Prince Holding Group, according to a Fox News report. Officials described it as the largest cryptocu
The post Could XRP Hit $10 This Bull Run? World’s Highest IQ Holder Thinks So appeared on BitcoinEthereumNews.com.
XRP investment products pulled in close to $12 million in a single day on May 29, pushing total net inflows to roughly $1.42 billion — the token’s strongest ETF month of 2026 so far. Yet despite that institutional interest, XRP is still trading near $1.34, far below where some of its loudest supporters say it should be. A Fresh Target From A Familiar Voice YoungHoon Kim, who claims the title of world’s highest-IQ holder, posted a pointed statement on X this week: XRP will reach between $5 and $10 this cycle. A day earlier, he had teased that the token was about to explode — and the price target followed shortly after, drawing immediate attention across crypto social media. MY ANALYSIS IS FINAL: XRP WILL REACH BETWEEN $5 AND $10 THIS CYCLE. https://t.co/nFvSGhGp2W pic.twitter.com/HHg93FvHdV — YoungHoon Kim (@yhbryankimiq) May 29, 2026 The math behind those numbers is steep.
The post BTC Below Cost Basis: Support Turns Resistance appeared on BitcoinEthereumNews.com.
Bitcoin’s latest bounce kept failing in the same band: the high‑$70,000s. Each push stalled, and sellers appeared where dips used to get bought. That is not just a chart pattern—it is an on‑chain shift. Fresh cohort cost bases are now overhead. The recent 30‑day cost‑basis zone—the breakeven for late buyers—has flipped from a floor into a ceiling. When that happens, rallies look like exit liquidity. Add options flows and ETF redemptions, and you have a recipe for “support turned resistance” that goes beyond narratives and shows up in the data. The Big Picture Editor’s note: In Q2 2026 I watched a familiar pattern return: cost-basis bands that acted as springboards earlier in the year became sell zones exactly when ETF flows cooled and options skew leaned defensive. Several desks I speak with flagged how a compressed realized vol backdrop made negative gamma near key strikes far more consequenti
The post Crypto Sentiment Reaches Most ‘Lopsided Positive’ Ratio for 2026: Santiment appeared on BitcoinEthereumNews.com.
The feeling toward Bitcoin on social media has reached its most bullish level of the year, even as the overall crypto market is down, according to crypto sentiment platform Santiment. “Sentiment on Bitcoin has spiked to 2.23 bullish comments for every bearish one — the most lopsided positive ratio of 2026,” Santiment said in a report published on Saturday. “The previous two biggest positive-ratio days of the year preceded short-term price pullbacks, while severely negative readings marked local bottoms. The current euphoria contrasts sharply with the bearish ETF flow picture and warrants caution,” Santiment said. Spot Bitcoin ETFs logged their tenth consecutive trading day of outflows on Friday, with total net redemptions exceeding $2.97 billion since May 15. Source: Michael Sullivan Crypto market participants often watch broader market sentiment to gauge how other
The post Bitcoin price rebound to $75K? Analysts split as $71K support looms appeared on BitcoinEthereumNews.com.
Bitcoin traded near $73,700 on May 31 as traders watched whether the market could defend short-term support while analysts debated a possible rebound and a deeper cycle low later in 2026. Summary Bitcoin trades near $73.7K as traders watch $71.4K support and $78.2K resistance. A TD Sequential buy signal points to a possible rebound toward $75,000 if demand improves. Low volume, weak RSI and Iran-linked risk keep Bitcoin under short-term market pressure this week. Bitcoin price data showed BTC trading near $73,713, up 0.28% over 24 hours. The asset remained down 4.18% over seven days, while 24-hour trading volume stood near $16.09 billion. The 24-hour range stayed tight, with Bitcoin moving between $73,469 and $74,110. The narrow range showed that traders had not yet pushed BTC into a clear breakout or breakdown. The market cap stood near $1.47 trillion, keeping Bitcoin rank
The post BTC Price Prediction: $68K Retest Before $82K Rally by July appeared on BitcoinEthereumNews.com.
Darius Baruo
May 30, 2026 07:01
Bitcoin’s oversold bounce from $72.5K support sets up a 65% probability move to $82K+ within 6 weeks, but only after retesting $68K psychological support first.
Market Context: Why BTC is Moving Now Bitcoin’s current consolidation around $73.6K reflects a classic mid-cycle correction that’s shaking out leveraged longs while institutional accumulation continues below the surface. The January optimism has given way to reality-checking price action, creating the foundation for the next major move. The derivatives market reveals the underlying strength – funding rates at a neutral 0.0035% indicate no frothy speculation, while open interest climbing 2.36% in 24 hours shows serious players adding positions. This isn’t capitulation; it’s consolidation before the next leg higher, as Blockchain.news has been tracking in similar historical pa
Ronin’s L2 pivot cuts RON inflation toward ~1% as Binance drops AXS/BTC. Studios now face a reset: prove real player demand before launching game tokens.
