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Crypto

Bitcoin retreats after 12-week high, fails again near $79,000

Bitcoin briefly reclaimed a 12-week high of $79,399 but fell back in Asian trading and failed to retake $80,000. It was last down 2.09 percent over 24 hours at about $77,700. Analysts flagged $80,000 as a level where selling often emerges as underwater positions are closed. Major altcoins also weakened. Funding rates in perpetual futures remained negative, leaving room for a short squeeze if spot prices hold above breakeven levels.

Crypto

SpaceX, OpenAI, Anthropic mega IPOs could drain Bitcoin liquidity

A potential mega IPO by SpaceX is fuelling expectations that liquidity flows in cryptocurrency markets could shift. If listings by SpaceX, OpenAI and Anthropic proceed as planned, capital moving into IPO subscriptions could be diverted from crypto into equities. The article cites estimates for SpaceX fundraising and valuation, Polymarket probabilities and possible retail participation, and notes SpaceX holds 8,285 bitcoin. Markets will watch the May–June roadshow period for signs of pressure or resilience in crypto prices.

Crypto

Bitcoin dominance reclaims 60 percent, dimming expectations for a 2026 altcoin season

Bitcoin dominance climbed to 60.66 percent, weakening expectations of a fund rotation into altcoins. BeInCrypto reported that dominance broke above 60 percent last week, ending an eight-month accumulation phase. Charts show dominance testing resistance near 61 percent, with RSI and MACD indicating rising momentum. Some warn that a move above 61 percent or a rise to 66.06 percent could worsen pressure on altcoins. Analysts cited mixed signals for any altcoin season.