Search results for Swan Bitcoin
Crypto
White House engages industry as Clarity Act wavers and crypto market splits
The dominant theme in digital assets over the past week was the U.S. Digital Asset Market Structure Act, known as the Clarity Act. As the bill stalls, the White House and regulators expanded direct contacts with the industry. In South Korea, a revised anti-money laundering law takes effect on Aug. 20, tightening entry requirements. Markets also tracked bitcoin’s range near $63,000, sharp debate over its outlook, XRP weakness and growing won stablecoin proof-of-concept activity.
Crypto
Long-term holders are not selling, why views differ on Bitcoin cycle bottom
Bitcoin supply held by long-term holders has reached a record high, prompting expectations that this market cycle’s bottom could form sooner than expected. Swan Bitcoin CEO Cory Klippsten cited on-chain data showing long-term holder balances at an all-time high. Others see the bottom later, with Rabbit Mining Pool founder Zhang Zhuoer projecting an October-to-December 2026 low near $42,000 to $44,000. Grayscale and Galaxy Digital flagged uncertainty over the U.S. Clarity Act.
Crypto
Bitcoin stuck near $70,000 as social media optimism rises
Social media optimism on bitcoin has jumped to its highest level so far in 2026, even as the cryptocurrency trades sideways near $70,000, Cointelegraph reported on May 31. Santiment said bullish comments outnumbered bearish ones by 2.23 to 1, the most one-sided positive ratio this year. It said similar spikes earlier in 2026 were followed by short-term pullbacks, while extreme pessimism aligned with local bottoms. Spot bitcoin ETFs logged a 10th straight session of net outflows on May 30.
