SoftBank exits Twenty One Capital as Tether tightens grip on Bitcoin firm

Hyperliquid's HYPE token has decoupled from Bitcoin with 101% YTD gains as the platform's revenue explodes across multiple sectors.

A popular crypto analyst believes Bitcoin’s (BTC) price is heading much lower based on one key indicator. In a new market update, Benjamin Cowen tells his 993,000 YouTube subscribers that Bitcoin remains in a bear market after hitting resistance at the the 200-day simple moving average (SMA). Cowen says the 200-day SMA is an accurate […] The post Analyst Benjamin Cowen Details Two Bearish Paths for Bitcoin After Fresh Rejection – Here’s His Bottom Target appeared first on The Daily Hodl.

Key takeaways BTC remains around the $77k level after rejecting the 200-day moving average. The bearish performance comes as rising inflation and Treasury yields weigh on risk sentiment. Bitcoin slipped below $77,000 earlier on Wednesday after failing to break above the 200-day moving average near $82,000, as rising inflation and tighter macroeconomic conditions weighed heavily […] The post Bitcoin stays around $77K after 200-day moving average rejection appeared first on CoinJournal.

The US-Iran war continues to linger with the two countries yet to reach a deal, and US President Donald Trump is threatening new strikes against Iran. Amid this, Iran has moved to launch a Bitcoin-backed service as it looks to assert control over the Strait of Hormuz.  U.S.-Iran War In Focus Amid Trump’s Threat and New Bitcoin Service According to a Reuters report, US President Donald Trump has threatened that a new US attack on Iran could happen in the coming days if both sides fail to reach a deal. This came amid his revelation that he was close to ordering a strike against Iran earlier this week before postponing following pleas from leaders of the UAE, Qatar, and Saudi Arabia. Notably, the US-Iran war is now approaching the three-month mark, with a peace deal yet to be reached.  Related Reading: Donald Trump Abandons Meme Coins In Favor Of These Indirect Bitcoin Exposure Vehicles The major contention remains Iran’s nuclear program, which the country has so far refused to give. Mean

Bitcoin is trading at $77.5k as the third week of May draws to a close. The market is recovering quietly from the $75k–$76k support zone after last week’s failed breakout attempt above $80k. The structure has absorbed the pullback without breaking, the ascending channel floor continues to rise, and the on-chain picture tells a story […]

Tether has acquired SoftBank’s entire stake in Twenty One Capital, the Bitcoin treasury company co-founded by Jack Mallers, and is now pushing a broader merger plan involving Strike and Elektron Energy. Tether has moved to absorb all of SoftBank’s ownership…

Coins.ph has added Bitcoin and Ethereum to its QRPh crypto payment system across the Philippines. Users can now pay at an estimated 700,000 QRPh-enabled merchants, with crypto automatically converted into Philippine pesos at checkout. Coins.ph is expanding crypto payments in the Philippines beyond stablecoins. The Manila-based platform said it has added Bitcoin and Ethereum support [...]

U.S. credit downgrade fears are reshaping Bitcoin, altcoins, Treasury yields, liquidity, risk appetite and crypto market strategy.