Bitcoin Tops 83000 But Wintermute Warns Spot Demand Remains Unusually Weak

The massive surge in the Bitcoin price since April 2026 is still viewed as part of a broader bear market phase, according to on-chain analytics platform CryptoQuant. While some market experts believe the rebound could signal a new bull run, CryptoQuant’s unrealized profit data show the numbers are nowhere near bull-market levels. Notably, as BTC’s value increases, rising selling pressure could threaten the cryptocurrency’s ongoing rally, potentially triggering a price breakdown.   Profit-Taking Hits Three-Month Highs After Bitcoin Price Surge Bitcoin’s rally to $82,000 on May 6 came as a shock to the broader digital asset market, as that was the first time the cryptocurrency had reached that level since late January 2026. Initially, BTC broke above $81,000 on May 5 and pushed toward $82,000 the next day, only to be rejected. Now, after the surge, Julio Monero, the Head of Research at CryptoQuant, believes that investors could be gearing up to take profit, potentially adding more volati

Bitcoin’s move back above $80,000 has brought various interesting outlooks in terms of what’s next. Crypto analyst Merlijn The Trader says the current structure looks similar to Bitcoin’s fakeouts in 2017 and 2021, where price briefly broke below support, quickly recovered, and then expanded higher. This setup now raises the question of whether the latest […]

CryptoQuant signal has flipped Bitcoin into early bull territory for the first time since March 2023, analysts say. CryptoQuant’s Bull-Bear Market Cycle Indicator entered bullish territory on May 12 for the first time since March 2023, signaling what analysts describe…

The post Inflation Surge to 3.8% Complicate Warsh’s Expected Fed Takeover appeared on BitcoinEthereumNews.com. Rising CPI at 3.8% limits Fed easing options as inflation expectations rise. Kevin Warsh faces pressure between Trump’s rate-cut push and markets demanding tight policy. Bitcoin gains traction as Fed uncertainty boosts demand for decentralized assets. Kevin Warsh appears set to become the next leader of the U.S. Federal Reserve during one of the most difficult inflation periods in years. Fresh consumer inflation data now threatens to trap the incoming chair between political pressure from President Donald Trump and financial markets demanding tighter policy. The latest Consumer Price Index report showed inflation accelerating sharply. Headline CPI climbed to 3.8%, marking its highest reading in three years. Meanwhile, Core CPI rose to 2.8%, its highest level in eight months. Consequently, investors immediately reduced expectations for interest rate cuts during 2026. Markets no

The post Exodus Shifts from Wallet to Full Crypto Payments Company After Selling $87M in Bitcoin appeared on BitcoinEthereumNews.com. TLDR: Exodus launched Exodus Pay, a platform letting users spend crypto directly from wallets across the U.S. and Europe. The firm acquired Monavate and Baanx to build out its full-stack crypto payments infrastructure in Q1 2026. Exodus cut Bitcoin holdings from 1,704 BTC to 628 BTC, using proceeds to become fully debt-free this quarter. XO Cash, Exodus’s new dollar-backed stablecoin, is positioned as the first stablecoin designed for AI agents. Exodus (EXOD), the publicly traded Bitcoin wallet firm, is broadening its scope beyond wallets into a full crypto payments company. The firm announced this shift alongside its Q1 earnings report, backed by two strategic acquisitions and a new stablecoin launch. Its balance sheet also changed sharply, with Bitcoin holdings cut significantly to fund debt repayment and acquisition costs. Shares closed Tuesday at $6.

The post Malaysian Ringgit Holds Steady As Economy Outperforms Expectations: Commerzbank appeared on BitcoinEthereumNews.com. Malaysian Ringgit Holds Steady As Economy Outperforms Expectations: Commerzbank Skip to content Home Forex News Malaysian Ringgit Holds Steady as Economy Outperforms Expectations: Commerzbank Source: https://bitcoinworld.co.in/malaysian-ringgit-holds-steady-commerzbank/

The post Bhutan Moves Another 100.44 BTC as 2026 Outflows Hit $230M appeared on BitcoinEthereumNews.com. Bhutan has moved another 100.44 BTC from Druk Holding and Investments wallets as 2026 outflows hit $230M. The Bhutan government has been selling BTC mined via low-cost hydropower since 2019 to fund national projects. Bhutan still holds 3,119 BTC; continued sales may boost state liquidity as BTC gains status as a reserve asset. On May 12, 2026, the Bhutanese government transferred another 100.44 BTC, worth $8.2 million, from Druk Holding and Investments’ wallets to an unlabeled address. The move pushed the kingdom’s total Bitcoin outflows for 2026 above $230 million. Bhutan’s holdings have fallen sharply from a 2024 peak of nearly 13,000 BTC to about 3,119 BTC, now valued at roughly $252 million. Bhutan Government Moves Another 100.44 BTC Worth 8.2M According to on-chain data from Arkham Intelligence, the Royal Government of Bhutan has transferred another 100.44 BTC, valued at approx

The post US Banks Prepare for Tokenization Tipping Point, Moody’s Ratings Finds – Bitcoin News appeared on BitcoinEthereumNews.com. Key Takeaways Moody’s reports that U.S. banks see a “slow then fast” shift to tokenized assets and digital money as inevitable. DTCC plans to launch limited production trades of tokenized securities in July 2026 to modernize U.S. markets. Tokenized MMFs reached $10 billion in 2026, signaling a growing institutional demand for onchain liquidity. Digital Money Evolution: U.S. Financial Institutions Eye 24/7 Tokenized Markets Currently, activity is concentrated in stablecoins, tokenized deposits, and money market funds (MMFs). Most of this volume stems from cryptocurrency trading and specific institutional use cases. Moody’s notes that retail and corporate demand for blockchain-based payments remains low. Many companies continue to rely on traditional methods like paper checks, viewing payment technology upgrades as a secondary priority compared to artificial