Tech • IA • Crypto
50 articles analyzed by AI / 178 total
Minnesota Gov. Walz signed HF 3709 into law on May 18, 2026, permitting state-chartered banks and credit unions to provide custody services for Bitcoin and other cryptocurrencies, marking a significant regulatory development for Bitcoin institutional custody in the state.
MicroStrategy purchased an additional $2 billion worth of Bitcoin in May 2026, increasing its total holdings to over 843,000 BTC. This acquisition underscores ongoing large-scale institutional accumulation and confidence in Bitcoin's value.
Bitcoin's price dropped sharply below $77,000 on May 18, 2026, triggering $660 million in liquidations within an hour amidst fears of escalating tensions between Trump and Iran, highlighting Bitcoin's sensitivity to geopolitical risk and market volatility.
Following a 3.12% increase in Bitcoin network difficulty, miner revenue declined by 9.44%, reflecting decreased profitability as hashprice dropped in response to Bitcoin's price decline. The adjustment occurred after May 14, 2026, indicating the mining sector's current challenges.
As of May 18, 2026, Bitcoin traders are closely watching the $74,000–$75,000 support level after a failure to sustain prices above $82,000, with increased inflows but waning momentum suggesting a potential trend shift in price action.
On May 18, 2026, Bitcoin's price fell from approximately $77,580 to below $77,000, breaking below all major exponential moving averages during a risk-off market phase driven by geopolitical concerns involving Iran, signaling bearish momentum.
Michael Saylor's MicroStrategy purchased 24,869 Bitcoin valued at $2.01 billion during the prior week, bringing total holdings to 843,738 BTC by mid-May 2026; the majority of these purchases were financed by stock sales of STRC, reinforcing the firm's aggressive Bitcoin accumulation strategy.
BlackRock invested over $535 million in MicroStrategy shares during Q1 2026 amid a dip in MSTR stock price, indicating continued institutional confidence and sustained indirect Bitcoin exposure through corporate stock holdings.
Bitcoin’s price fell below $77,000 on May 18, 2026, exacerbated by a global bond market sell-off causing $670 million in leveraged crypto long liquidations, correlated with the US 10-year Treasury yield reaching its highest point since February 2025.
On May 18, 2026, Bitcoin experienced a flash crash dipping below $77,000, causing approximately $657 million in crypto liquidations within 24 hours, predominantly impacting long positions and underscoring Bitcoin's high volatility to market stress.