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Crypto

Bitcoin faces growing downside pressure; U.S. PMI, Nvidia results in focus

Bitcoin slid to $76,500, its lowest since May 1, dropping below the 21-week EMA and exiting a bull-market support zone. The decline triggered derivatives-market shocks, with crypto long liquidations topping $670 million in 24 hours. Traders see $75,000 to $76,000 as a near-term pivot. Macro pressures include rising Middle East tensions, higher oil prices and U.S. 30-year yields above 5 percent. Investors are watching upcoming U.S. manufacturing PMI data and Nvidia earnings for further volatility signals.

Crypto

Bitcoin struggles below $77,000 despite three tailwinds, $100,000 hopes waver

Bitcoin has traded below $77,000 in May despite three positive factors, weakening expectations of a move to $100,000. It fell about 6 percent over the past week after briefly rising to around $82,000. Supportive factors cited included U.S.-China leaders’ talks in Beijing, strength in U.S. tech shares led by Nvidia, and passage of a revised Clarity bill by a U.S. Senate panel. Analysts remain divided on near-term direction.

Industry

IT device shrinkflation intensifies as prices rise and capacity halves

Shrinkflation, where prices rise while specifications fall, is spreading across global IT devices including smartphones, laptops, consoles and desktops. The shift by SK Hynix, Samsung Electronics and Micron toward high-bandwidth memory for AI data centres is reducing supply of standard DRAM and NAND, supporting higher RAM prices. Set makers are passing margin pressure to consumers through price hikes and specification cuts, a trend the industry expects to persist until mass production of DDR6 ramps up.