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#BTC Shakes at $80K—Up or Down? Crypto News Today: Cryptocurrency Liquidations Hit $300M as Bitcoin Loses $80K Support Bitcoin fell below $80,000 as crypto liquidations reached nearly $300 million. Tr

#BTC Shakes at $80K—Up or Down? Crypto News Today: Cryptocurrency Liquidations Hit $300M as Bitcoin Loses $80K Support

Bitcoin fell below $80,000 as crypto liquidations reached nearly $300 million. Traders reduced leverage across major assets. TON stood out as short positions faced heavy pressure.

Bitcoin dropped below $80,000 late Thursday after fresh US airstrikes in Iran rattled risk markets and pushed Brent crude briefly above $100. The move triggered heavy crypto futures liquidations, with nearly $300 million in leveraged bets wiped out over 24 hours. Long traders carried most of the losses as the market pulled back from recent gains.

The decline came as traders were already cautious. Strategy chairman Michael Saylor said the company could consider selling Bitcoin to cover dividend payments from STRC. That marked a shift from its earlier ‘never sell’ stance.

Meanwhile, Ether traded at $2,280 after losing 0.2% since midnight UTC and about 2% over 24 hours. Other altcoins also weakened, with Monero and Dash falling between 4% and 5%.

Bitcoin Drop Pressures Leveraged Traders

Bitcoin’s move below $80,000 did not erase its wider recovery from late March. The asset had climbed from around $65,000, keeping its broader rebound intact.

Still, traders continue to watch the $75,000 level closely. A break below that area would cancel the recent pattern of higher lows. It would also signal a return to the earlier trading range.

The latest futures data showed clear deleveraging after the overnight drop. Cumulative industry notional open interest fell more than 1.5% to $131.5 billion. At the same time, trading volume declined more than 12% to $191 billion.

This shift showed that traders reduced exposure after Bitcoin lost momentum. Many had entered the weekend positioned for further gains. Instead, the market weakness forced rapid exits.

A key question now is whether Bitcoin can hold above its recent structure, or whether fresh selling pushes it back toward the old 

MEGA: Real-Time Execution Layer for Ethereum

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HTX  Creation Challenge — Post and Win 1,500U 💥

Crypto News Today: Cryptocurrency Liquidations Hit

HTX Community April Creation ContestBTC Shakes at $80K—Up or Down?HTX Creation Challenge — Post and Win 1,500U 💥 The AI narrative is slowly taking over the crypto space, improving speeds and volume tr

The AI narrative is slowly taking over the crypto space, improving speeds and volume traded. Akash Network is the latest to benefit from the AI infrastructure, with its price surging 17% in 24 hours.

Akash’s AI model built by Overclock Labs was crushing other LLMs on OpenRouter. Here is how the model increased the trading activity on the network.

As per data from OpenRouter, AkashML reached a new all-time high of 6.58 billion tokens processed in the last 24 hours. The team achieved this milestone in less than two months after launching the product.

Worth noting, processing over 5 billion tokens per day has become the norm since toward the end of April. April alone processed almost 120 billion tokens.

The founder of Akash Network, Greg Osuri, echoed this incredible milestone. Some users were using $AKT to host on the network without being aware of it. Greg wrote on X,

Its incredible what you can achieve by abstracting away crypto rails.

In addition to Greg Osuri’s backing, Forbes also supported the initiative. Forbes named Akash Network alongside Render Network [RENDER] and Bittensor [TAO] as the core AI infrastructures powering decentralized computing.

Forbes called them the layers that would eliminate the need for centralized cloud providers entirely.

As such, token trading volume on the network surged immensely and continues to do so.The network capacity showed that there were 61 active providers, with computing power rising by almost a percent during the day. Over 11.12K CPUs were at work

On the contrary, GPUs available had declined by 3.98%, reaching 217. Memory and storage were also down at the time of press.

On the charts, $AKT broke out of a monthly consolidation in May following a flat moving average. The price of the altcoin rose above the 100 EMA and confirmed with a retest around the $0.60 zone.

After ranging between $0.60 and

Akash AI model fuels AKT’s 17% rally – Daily token

Avalanche hits finality in under 500 milliseconds. Force those validators to store heavy datasets, and you destroy that speed. @avax handles high-speed execution. Filecoin handles verified long-term s

Whale PnL rises, but supply control raises concerns Following this daily surge, DeepBook’s whales were profiting. The PnL of most whales was in the green, with one particular address up more than 307%

Whale PnL rises, but supply control raises concerns

Following this daily surge, DeepBook’s whales were profiting. The PnL of most whales was in the green, with one particular address up more than 307%.

There were also a couple of other addresses that recorded double-digit gains. However, most of these whales were starting to take profit as per the data from Sui Vision.



As profit-taking potentially hindered further price appreciation in the short term, there was more to worry about.

Tokenomics data showed that the top 10 holders controlled almost 70% of the circulating supply. This was a red flag when considering the perceived decentralized nature of crypto tokens.

Overall, the launch of Predict was bullish in both the short and long term by attracting more trading activity on the protocol. Still, that did not warrant a continuation, at least not at that moment.



Whale PnL rises, but supply control raises concern

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Morgan Stanley is now undercutting Coinbase, Robinhood, and Charles Schwab on Bitcoin and crypto tra

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Morgan Stanley is now undercutting Coinbase, Robinhood, and Charles Schwab on Bitcoin and crypto trading fees — and Strike CEO Jack Mallers isn't worried about it one bit.Related Reading: Crypto Security Fears Rise As Chaos Labs Reveals Attempted Advanced Wallet AttackWall Street's Growing FootprintThe bank recently launched a crypto trading pilot through its E*Trade platform, charging clients 50 basis points per transaction. That's less than what the biggest US crypto and brokerage platforms charge for standard retail trades. It's one of the more concrete signs yet that traditional financial giants are moving deeper into digital asset territory.But Mallers, whose payments company Strike is built around Bitcoin, pushed back hard against the idea that this trend spells trouble for the asset.Asked on the What Bitcoin Did podcast whether institutional involvement threatens Bitcoin's core principles, his answer was short: no. "If Wall Street getting into Bitcoin kills it, it was never going to be successful in the first place," Mallers told host Danny Knowles in the episode published Thursday on YouTube.Bitcoin: Money For Everyone - Including Your EnemiesHis argument rests on what he sees as Bitcoin's foundational promise. The asset, he said, was built on the idea of being money for all people — not just those who share the same politics, values, or background. He extended that to include rivals and adversaries. A network that claims to be open to everyone can't logically draw a line at Wall Street, in his view.Large institutions buying in was always going to happen, Mallers said, because Bitcoin is competing for global capital. He described a future where real estate, fine art, and government debt all lose value relative to Bitcoin as the asset gets increasingly adopted worldw

HTX Community April Creation Contest Is Live!

Trusted Editorial content, reviewed by leading

HTX Creation Challenge — Post and Win 1,500U 💥HTX Community April Creation Contest Is Live!BTC Shakes at $80K—Up or Down? Trusted Editorial content, reviewed by leading industry experts and seasoned e

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure US banking trade groups have called for an amendment to the stablecoin yield compromise in the highly anticipated CLARITY Act. This statement comes ahead of an expected markup on the crypto legislation next week. After months of negotiations, legislators, crypto industry players, and US banks reached an agreement on how to adopt stablecoin yield under the incoming regulatory framework. In particular, the CLARITY Act will ban all forms of passive, deposit-like interest on stablecoins, effectively preventing competition with traditional bank savings. However, the bill would permit all forms of rewards tied to bona fide activities, including staking, transaction activity, or liquidity provision. Essentially, the aim is to promote a "buy and use" approach towards stablecoins, rather than "buy and hold." Related Reading: Crypto Titans Rally: Top US Exchanges Lobby For Risk Asset Easing In CLARITY ActBanking Unions Move To Close Passive 'Loopholes'In an X post on May 8, independent reporter Eleanor Terrett shared a letter by the banking trade groups proposing changes to the stablecoin yield section in the CLARITY Act.

Trusted Editorial content, reviewed by leading ind

HTX Community April Creation ContestBTC Shakes at $80K—Up or Down?HTX Creation Challenge — Post and Win 1,500U 💥 SEI looks ready to break $0.0694 resistance – Can bulls push toward $0.080? SEI looks r

SEI looks ready to break $0.0694 resistance – Can bulls push toward $0.080?



SEI looks ready to break $0.0694 resistance - Can bulls push toward $0.080?

Selling pressure steadily faded after Sei [SEI] established a firm floor between the $0.050 and $0.052 range during early April. A rounding bottom gradually formed afterward, signaling buyers were slowly absorbing weakening sell-side liquidity beneath the surface.

Momentum strengthened further once the $0.0563 resistance flipped into support, which later became the launchpad for the breakout.

Before the expansion, price briefly dipped below the $0.055 support zone, likely sweeping weaker positions and unlocking liquidity for continuation higher.



SEI looks ready to break $0.0694 resistance – Can

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Finance CEO Raoul Pal has expressed a clear preference for Solana over Bitcoin for reasons deeper th

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Finance CEO Raoul Pal has expressed a clear preference for Solana over Bitcoin for reasons deeper than a simple asset comparison. The reasons for his latest crypto call go back to one of the crypto market's biggest talking points: whether the next phase of the crypto industry will be led by Bitcoin's store-of-value role or by high-speed networks built for mass
activity.Related Reading: Crypto Security
Fears Rise As Chaos Labs Reveals Attempted Advanced Wallet AttackRaoul Pal Picks
Solana Over BitcoinRaoul Pal has never been short on comments relating to cryptocurrencies. However, his most recent Solana over Bitcoin preference came during one of the most closely watched moments from the recently concluded Consensus 2026 event in Miami. The choice was notable because Pal has always been associated with broad macro crypto commentary, and his market views often focus on liquidity cycles, network adoption, and price peaks. While at the event, Pal said he would choose Solana if he had to pick between Solana and Bitcoin.
This choice is mostly due to his belief of where the higher-growth opportunity sits as the crypto industry moves deeper into the Al era. Particularly, Pal linked the future of crypto to artificial intelligence and described crypto as the 'Universal Basic Equity' of the Al age.Pal's preference was attributed to Solana's high throughput and low
transaction costs, which could make it better suited for machine-to-machine
microtransactions, Al-based activity, and fast DeFi interactions. Bitcoin, by comparison, functions mostly as a monetary asset, but it was not designed as a high-frequency execution layer for millions of small automated transactions. SOLUSD currently trading at $93.6. Chart: TradingViewAl Agents Important To Pal's Solana PreferencePal also predicted

XRP has shown some notable price movements recently, reflecting both market sentiment and external geopolitical factors. Notably, on May 10, the day following reports of air raid sirens sounding in mu

Rain: Uniswap for Predictions on Arbitrum

USDr Seeding is now in Week 3. Week 3 is open at 11K $RLS per 1K $USDC locked, with +$163K committed. The current phase closes 11 May 2026 at 12:00 UTC, settles 18 May 2026 at 12:00 UTC, and claims op

This wallet is now over $380,000 in profit on $ani and sold none yet. Chart:

<p>This wallet is now over $380,000 in profit on $ani and sold none yet.<br /><br />Chart:   </p><div><img style="max-width:100%;overflow:hidden;" src="https://d1x7dwosqaosdj.cloudfront.net/images/2025-07/cb3c4840766a401ebbaa4cc02edd6d1a.jpg" alt="" /></div><br /><p></p>

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