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Major News Headlines for Today
1. Bitcoin Records ATH After One Day On Surging Spot/Futures Volume Bitcoin(BTC) recorded $119,444 at 3 a.m. on May. 23 due to a surge in spot and futures trading on the cryptocurrency exchange, renewing its new high in a day. According to data from CoinMarketCap, a cryptocurrency market data provider, the daily spot trading volume of Binance, the world's largest cryptocurrency exchange, reached $150 billion on May. 22. According to data from the on-chain analysis platform Glassnode, Bitcoin futures reached $203 billion on May. 22, reachi
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Bitcoin Breaks ATH Twice in One Day...$110,000 Era
Bitcoin(BTC) broke its new high twice on May. 22 based on the net inflow of Bitcoin spot exchange-traded funds(ETFs) in the United States. Bitcoin hit $109,767 at 1:50 a.m. on May. 22, surpassing the highest price recorded on January 20. Ten hours later, at 11:40 a.m., it reached a new high of $118,872. Bitcoin surpassed $2 trillion in market capitalization and ranked fifth in the global asset ranking, surpassing Amazon and Google. The reason for the new Bitcoin report is the inflow of institutional funds through ETFs. According to Faside Inv
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Major News Headlines for Today
1. Bitcoin Hits New Report In 4 Months...Recording $109,000 Bitcoin(BTC) surpassed $109,000 on May. 22 amid a drop in U.S. stock prices and U.S. bond prices, breaking the new high in January. Bitcoin recorded $109,767 at 1:50 a.m. on May. 22 on the rise of spot buying and net inflow of Bitcoin Spot Exchange Traded Fund(ETF) in the U.S. With Bitcoin's new record, its market capitalization reached $2.158 trillion, ranking fifth behind Amazon and Google in the global asset ranking. 2. U.S. Texas Passes House Of Repres
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Bitcoin Is Ready to Break ATH in the Spotlight as s 'Safe Asset'
Bitcoin(BTC) was recognized for its value as a 'safe asset', and buying increased, and Bitcoin surpassed $107,000 on May. 21. The analysis revealed that healthy buying in the market led to the inflow and the rise of Bitcoin. Avocado Onchain, a researcher at the on-chain analysis platform CryptoQuant, analyzed in a report published on May. 21 that orders from major global exchanges are gradually rising, leading to the rise of Bitcoin. He said that the past two overheats have led to a long-term adjustment, but now they are different from then. Global asset managem
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Major News Headlines for Today
1. Bitcoin Open Interest Sets New Record High..."High Possibility of Volatility" The outstanding interest in the Bitcoin(BTC) futures market recorded about $72 billion on May. 20, raising an analysis that the price of Bitcoin could suffer great volatility. Glassnode, an on-chain analysis platform, said that the outstanding interest in the bitcoin futures market increased by about 8% in a week. Outstanding interest refers to the amount that can be used to settle transactions in derivatives markets such as futures or option contracts. 2. US SEC T
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Bitcoin Rises on Net Inflow of U.S. Spot ETF
Bitcoin(BTC) rose on May. 20 on the net inflow of spot exchange-traded funds(ETFs) in the United States. According to the data released by the financial data platform Soso Value on May. 20, Bitcoin spot ETFs in the U.S. recorded a net inflow of about $667.44 million on May. 19(local time). This is about three times the amount of the previous trading day, the 16th. A number of Bitcoin spot ETFs were found to have recorded record net inflows, including BlackRock's IBIT with a net inflow of about $359.2 million and Fidelity's F
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Major News Headlines for Today
1. Foreign Media "Ripple·Coinbase in Competition to Acquire Circle" Fortune magazine reported in a source's testimony on May. 19 that Ripple and Coinbase are seeking to acquire USDC issuer Circle. Fortune magazine explained last month that Ripple sought to acquire Circle through an acquisition of about $4 billion to $5 billion, but the transaction fell through as Circle demanded more than $5 billion in acquisitions. According to reports, Circle prefers to be acquired by Coinbase, which already holds its stake. If Circle is acquired, the initia
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Surged Cryptocurrency Plunges on Profit-Taking Sell-Off
Bitcoin(BTC) began adjusting in the afternoon after surpassing $106,000 on strong spot buying on May. 19. Glassnode, an on-chain analysis platform, claimed on the 18th that the daily Bitcoin purchase in Coinbase reached $45 million, and that the spot market demand for Bitcoin is far above the demand for derivatives. "The current bitcoin is a structure in which buying is accumulated at more than $93,000 and the price of bitcoin rises in a step-by-step manner," the Glassnode report explained. Bitcoin's rise comes at a time when the U.S. credit rating has been downgrad
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Major News Headlines for Today
1. Bitcoin Reaches $106,000 on Spot Market Buying Bitcoin(BTC) surpassed $106,000 on May. 19 due to a surge in buying in the spot market. Glassnode, an on-chain analysis platform, pointed out that the daily Bitcoin buying in Coinbase reached $45 million on May. 18 and claimed that the spot market demand for Bitcoin is far above the demand for derivatives. Glassnode explained that Bitcoin is building a strong support line between $93,000 and $95,000 by those who newly bought Bitcoin within 155 days. 2. BlackRock Becomes Most Bitcoin Holders Thro
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Cryptocurrency Falls on News of Coinbase Hacked
The cryptocurrency market, including Bitcoin(BTC), fell slightly on May. 16 as news broke that Coinbase, the largest cryptocurrency exchange in the U.S., was hacked. Coinbase announced on its official blog on May. 15 that Coinbase customer support officers colluded with professional hackers and accessed the internal system from May. 11 to steal user account data. Coinbase took less than 1% of its user data, and its important information such as passwords, private keys, and funds were not affected. The stolen data revealed by Coinbase are the last four digits of
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Major News Headlines for Today
1. JP Morgan "Bitcoin Is Expected To Beat Gold Yields In Second Half Of 2025" In a report published by JPMorgan on May. 15, it pointed out the changes in the U.S. surrounding Bitcoin(BTC) and predicted that Bitcoin's return in the second half of 2025 will surpass gold. JPMorgan's research team cited the U.S. state government's proposal and passage of a bitcoin reserve bill and the move of large companies in the U.S. to buy Bitcoin. 2. FTX to Begin Repaying Debts of More than $5 Billion from May. 30 FTX
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Bitcoin Falls by Profit-Taking Sell-Off
The cryptocurrency market, including Bitcoin(BTC), fell on May. 15 due to the sell-off of profit-taking. CoinDesk, a media outlet specializing in cryptocurrency, pointed out that the relative strength index(RSI) has turned weak, and the current selling trend is dominating the market. RSI is a major indicator that measures the market atmosphere by analyzing the buying and selling of investors in the market. The lack of additional good news is also cited as the cause of the market's weakness. Earlier this week, the cryptocurrency market rose sharply as the U.S
