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Bitcoin slips below $80,000: Why the 'Trump rally' is hitting a wall of profit-taking HTX Community April Creation ContestEverything Can Be HuobaoHTX Creation Challenge — Post and Win 1,500U 💥 Bitcoin

Bitcoin slips below $80,000: Why the 'Trump rally' is hitting a wall of profit-taking


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Bitcoin slipped back below $80,000 on Wednesday after a brief breakout attempt, as onchain data suggested the rally was already running into profit-taking pressure.

CryptoQuant said bitcoin’s 37% rebound from April lows still looks more like a bear-market rally than a confirmed trend reversal, with realized profits hitting their highest level since December and short-term holders increasingly exiting at a gain.

Bitcoin’s rally has pushed traders back into profit, with holders cashing out at the fastest pace since December, as recent buyers increasingly sell into strength, they wrote.

But the rebound still looks more like a relief rally than a true bull-market breakout, since profits remain well below levels seen in past sustained uptrends while unrealized gains are already high enough to tempt more selling, according to CryptoQuant. Traders are also sitting on an 18% unrealized profit margin, the highest since June 2025, a level where profit-taking has historically accelerated.



Bitcoin slips below $80,000: Why the 'Trump rally'

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Fairshake backs 5 pro-crypto candidates: ‘Everything is on the table’ Fairshake, a major cryptocurrency industry Super PAC, raised over $160 million to influence the 2024 U.S. elections by supporting 

Fairshake backs 5 pro-crypto candidates: ‘Everything is on the table’

Fairshake, a major cryptocurrency industry Super PAC, raised over $160 million to influence the 2024 U.S. elections by supporting pro-crypto candidates, regardless of party.

As per latest reports, Fairshake’s crypto-backed political action committees (PACs) are targeting five states to cement their influence. More than $7.2 million has been donated in support of these candidates.

This capital will fund campaigns in the media space, including radio, television, and digital ads. The two Fairshake-affiliated PACs are targeting Georgia, Alabama, Nebraska, Kentucky, and Texas.

This support comes amid a growing divide between lawmakers who support blockchain and crypto innovation and those pushing for tighter regulation. A win in these states would increase the number of lawmakers supporting crypto and other digital assets.

With regard to this support, the spokesperson of Fairshake, Josh Vlasto, noted,

Fairshake backs 5 pro-crypto candidates: ‘Everythi

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BTC Price Guess: 18M HTX Awaits YouHTX Community April Creation ContestHTX Creation Challenge — Post and Win 1,500U 💥 Iren stock stretches higher, but overbought momentum warns of a pauseIren stock re

Iren stock stretches higher, but overbought momentum warns of a pauseIren stock remains in a clear bullish regime, and that still defines the broader setup. However, the move looks stretched across the daily and hourly charts, while shorter-term signals point to consolidation rather than a fresh momentum breakout.

IREN — daily chart with candlesticks, EMA20/EMA50 and volume.

Iren Stock Analysis: Daily Trend Still Favors the Bulls

Iren stock closed at 60.66, well above the 20-day EMA at 48.86, the 50-day EMA at 45.57, and the 200-day EMA at 39.72. That separation reflects a strong trend rather than a fragile rebound. It also shows buyers still control the broader structure.

Notably, the daily close sits above the upper Bollinger Band at 59.12 and almost exactly on the daily pivot at 60.55. That reflects strong upside pressure. However, it also shows the move has become extended in the short run.

Momentum Remains Positive but Overbought

Momentum still supports the bullish thesis. Daily RSI stands at 70.64, which is an overbought reading. In practice, that does not automatically signal a reversal. Still, it warns that upside may become less efficient and more volatile from here.

At the same time, daily MACD remains firmly positive. The MACD line is at 3.76, above the signal line at 2.42, with a histogram of 1.34. Therefore, trend momentum remains aligned with the bulls, even if the pace of the advance now looks aggressive.

Volatility is also elevated. Daily ATR is 4.17, which is meaningful relative to the current price. That helps explain the wider intraday swings. As a result, traders should expect larger ranges and sharper pullbacks even if the broader uptrend remains intact.





Iren stock stretches higher, but overbought moment

BTC Price Guess: 18M HTX Awaits YouHTX Community April Creation ContestEverything Can Be HuobaoThe president of the European Central Bank, Christine Lagarde, delivered a harsh verdict on private stabl

The president of the European Central Bank, Christine Lagarde, delivered a harsh verdict on private stablecoins, calling them an ineffective instrument for the future of the euro during a forum in Roda de Berà.  Advertisement While global markets were expecting signals from Europe's top officials about a softer approach toward digital assets, Lagarde chose the path of strict sovereignty, labeling stablecoins as a "private trap" that threatens the stability of the entire European economy.Lagarde acknowledged that stablecoins became the dominant settlement layer in DeFi only because they solved the volatility problem of cryptocurrencies. But for the international role of the euro, that is not enough. HOT Stories Major Outage Halts Trading on Coinbase Toncoin (TON) Price Rally Might End at $3, Ethereum (ETH) Becomes Falling Star, Bitcoin (BTC) First $82,000 Attempt in 380 Days: Crypto Market Review Why the ECB is rejecting the US stablecoin modelThe main risk is the transformation of stablecoins into yield-bearing assets. If token holders begin receiving income indirectly tied to U.S. government bonds, as is happening with Tether and Circle, this would create uncontrolled capital flows that the ECB would not be able to influence. Advertisement The president of the ECB also did not miss the opportunity to remind everyone of the fragility of the system, recalling the events three years ago when USDC lost its dollar peg due to the collapse of SVB, which still serves as the ECB's main argument against stablecoins. Stablecoins are private liabilities, and therefore the risk of a "bank run" is built into them by default, the ECB president believes. Stablecoins are not an efficient way to strengthen the international role of the euro, says President Christine @Lagarde. The best solution remains deeper capital market integration through the savings and investment union and a st

The president of the European Central Bank, Christ

HTX Creation Challenge — Post and Win 1,500U 💥BTC Price Guess: 18M HTX Awaits YouHTX Community April Creation Contest Big Bull Tom Lee Explains: “Above This Level in Bitcoin Will Start a New Bull Race

Big Bull Tom Lee Explains: “Above This Level in Bitcoin Will Start a New Bull Race!”Tom Lee, founder of Fundstrat and head of BitMine, the largest Ethereum company, has made new statements regarding Bitcoin.

Tom Lee stated that he is very optimistic about Ethereum (ETH), but expects a cautious rise in Bitcoin ($BTC).

Speaking at the Consensus 2026 event in Miami, Tom Lee suggested that the Bitcoin bear market may be coming to an end.

Lee’s analysis shows that signals of a trend reversal are emerging.

According to Tom Lee, if $BTC closes May above $76,000, the bear market will end and a new bull market will begin.

“Bitcoin is emerging from its downward trend that went from $126,000 last October to $60,000 this February.”

Bitcoin recorded consecutive monthly gains in March and April. It also rose by approximately 5% in May.

There has never been a time when $BTC closed higher for three consecutive months during a bear market.

At this point, if $BTC closes above $76,000 this month, it means the bear market is definitely over.”

Big Bull Tom Lee Explains: “Above This Level in Bi

HTX Creation Challenge — Post and Win 1,500U 💥HTX Community April Creation ContestBTC Price Guess: 18M HTX Awaits You U.S. hiring slowdown could be great for bitcoin — unless wages spoil the party Fri


U.S. hiring slowdown could be great for bitcoin — unless wages spoil the party
Friday’s U.S. nonfarm payrolls report could inject volatility into the crypto market. Economists expect April job growth to slow sharply, with payrolls forecast to rise by just 62,000 compared with March’s 172,000, while the unemployment rate is seen holding steady around 4.3%, according to Reuters.

At first glance, weaker hiring data appears supportive for bitcoin and other risk assets. A softer labor market could reinforce expectations that the Federal Reserve will keep rates steady this year and potentially delay any tightening cycle beyond that. As of now, markets are pricing in steady rates through this year, followed by a hike next year.

But the picture is more complicated.

Alongside the payrolls release, markets will also be watching wage growth closely. Average hourly earnings are expected to rise 3.8% year-on-year, up from 3.5% previously. Sticky wage pressures, combined with already elevated oil prices, could strengthen inflation concerns globally and complicate the Fed’s path forward.In other words, the market reaction may hinge less on headline job creation and more on whether wage growth cools. With traders already pricing in the possibility of future rate hikes next year, risk assets may need a softer-than-expected earnings figure to stage a meaningful rally.

For now, analysts remain broadly constructive on bitcoin, with the $75,000 level seen as critical support.

“Bitcoin has returned below $80K, extending its retreat from the 200-day moving average after briefly entering overbought territory near the upper boundary of its uptrend channel. The lower boundary of that channel sits near $77.5K, though a broader trend break would likely require a fall below recent lows around $75K,” said Alex Kuptsikevich, chief market analyst at FxPro.



U.S. hiring slowdown could be great for bitcoin

BTC Price Guess: 18M HTX Awaits YouHTX Community April Creation ContestMEGA: Real-Time Execution Layer for Ethereum Bitcoin Mining Company Core Scientific Announces It Has Sold Bitcoin! Here Are the D

Bitcoin Mining Company Core Scientific Announces It Has Sold Bitcoin! Here Are the Details

Core Scientific announced its financial results for the first quarter of 2026. The company reported selling a total of 2,385 Bitcoin during the period, generating approximately $208.3 million in revenue. However, the company also reported a net loss of $347.2 million for the same period.

A significant portion of the losses consisted of $266.5 million in impairment expenses for mining equipment and related assets. The company stated that these steps were taken to finance the transformation process towards AI data center operations.

Core Scientific also announced that it has completed the issuance of $3.3 billion in secured bonds with an interest rate of 7.75 percent to support data center investments and restructure approximately $1 billion in term loans.

Artificial intelligence infrastructure has been at the heart of the company’s recent growth strategy. In particular, the long-term agreement with CoreWeave, which increases capacity to 590 megawatts, is expected to generate approximately $10.2 billion in revenue over the next 12 years.

In the first quarter, revenue from high-density AI hosting services reached $77.5 million, while revenue from traditional Bitcoin mining operations remained at $30.1 million. This allowed the company’s AI data center business to surpass its mining operations in terms of revenue.

Core Scientific reportedly currently operates 10 data centers with a total power capacity of approximately 1.9 gigawatts. The company’s total liquidity, including cash and Bitcoin, was approximately $1.04 billion as of the end of the quarter.



Bitcoin Mining Company Core Scientific Announces I

On May 8, Iranian state media reported that the Iranian Foreign Ministry condemned the U.S. Navy's actions against two Iranian tankers, describing them as acts of aggression and a violation of the cea

Iran's Foreign Ministry Condemns U.S. Navy Actions Against Two Iranian Tankers

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HTX Community April Creation Contest$110K Spring Airdrop Rain—18 Days Straight!HTX Creation Challenge — Post and Win 1,500U 💥 Coinbase Experiences Trading Disruptions Shortly After Earnings Report Coi

$110K Spring Airdrop Rain—18 Days Straight!

Coinbase Experiences Trading Disruptions Shortly After Earnings Report
Coinbase experienced temporary trading disruptions within hours following its latest earnings release, causing brief interruptions in platform functionality for some users.
The issue reportedly affected order execution and access to certain trading features during peak activity periods, raising concerns among traders about system stability during high-volatility events.
The company has not indicated any security breach, and early signals suggest the disruption was likely linked to increased traffic and system load after the earnings announcement.
Services were gradually restored as technical teams worked to stabilize the platform and ensure normal operations resumed.

Coinbase Experiences Trading Disruptions Shortly A

Alchemy Chain Mainnet Goes Live as the First Globally Compliant Stablecoin Payment Network Alchemy Chain mainnet is live. Alchemy Pay just launched a payments-first Layer 1 designed specifically for r

Alchemy Chain Mainnet Goes Live as the First Globally Compliant Stablecoin Payment Network
Alchemy Chain mainnet is live. Alchemy Pay just launched a payments-first Layer 1 designed specifically for real-world stablecoin transactions. It’s positioned as the first globally compliant stablecoin payment network, with a dual regulatory framework covering the EU and Hong Kong.



Alchemy Chain Mainnet Goes Live as the First Globa

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Hype (HYPE) Price Analysis HYPE ended the week up 7%, making it the best performer on our list. This came after HYPE was listed on several major exchanges. While this news was bullish in the short term, the price action seems to be showing otherwise. Based on the weekly candles, we can see that HYPE appears to have peaked around $40 and has since made lower highs. This could be the start of a longer consolidation or pullback around $30. Looking ahead, HYPE remains a very competitive coin that has reached the top 10 altcoins by market cap if stablecoins are excluded. This is an impressive achievement, but also shows that exponential growth from here will be more difficult given its $11 billion market cap.

<div><span style="font-size: 15px;">Hype (HYPE) Price Analysis</span></div><div><span style="font-size: 15px;"><br /></span></div><div><span style="font-size: 15px;">HYPE ended the week up 7%, making it the best performer on our list. This came after HYPE was listed on several major exchanges.</span></div><div><span style="font-size: 15px;"><br /></span></div><div><span style="font-size: 15px;">While this news was bullish in the short term, the price action seems to be showing otherwise. Based on the weekly candles, we can see that HYPE appears to have peaked around $40 and has since made lower highs. This could be the start of a longer consolidation or pullback around $30.</span></div><div><span style="font-size: 15px;"><br /></span></div><div><span style="font-size: 15px;">Looking ahead, HYPE remains a very competitive coin that has reached the top 10 altcoins by market cap if stablecoins are excluded. This is an impressive achievement, but also shows that exponential growth from here will be more difficult given its $11 billion market cap.</span><img src="https://d1x7dwosqaosdj.cloudfront.net/images/2025-06/f1b72ce0a1024a0b96068d191996df09.jpeg" alt="1749431012205.png" style="width: 100%; height: auto; margin-top: 10px; margin-bottom: 10px;" /></div><br />

Hype (HYPE) Price Analysis HYPE ended the week up

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