Bitcoin’s Bullish Momentum Faces Test Amid U.S. Yield Volatility
Bitcoin experienced significant volatility this week, surging past $107,000 before retreating to $102,383.71. Despite the pullback, the cryptocurrency maintains a strong upward trajectory within an ascending channel, with market dominance exceeding 64%. Options traders remain bullish, signaling confidence in Bitcoin’s long-term prospects despite macroeconomic headwinds from rising U.S. yields.
Bitcoin Whiplash Shakes Market as U.S. Yield Spike Threatens Bull Run
Bitcoin surged past $107,000 early in the week, marking its highest level since January 24, before retreating to $102,000 during Asian trading hours. The cryptocurrency maintains an upward trajectory, forming higher highs and lows within an ascending channel. Market dominance climbed above 64%, reinforcing its leadership position.
Options traders display strong bullish conviction, with Deribit data revealing concentrated call open interest at $110,000, $115,000, and $120,000 strike prices for May 30 expiry. The $8 billion notional value in play suggests institutional players are positioning for further upside. Rising U.S. Treasury yields emerge as a potential headwind, creating tension between macroeconomic forces and crypto’s inherent momentum.
Bitcoin’s Hashrate Hits ATH: Mining BTC Without Competing With Industrial Farms
Bitcoin’s hash rate has surged to an all-time high as of May 2025, intensifying competition among miners. Industrial-scale operations with advanced ASIC hardware and low-cost electricity dominate the landscape, leaving little room for individual participants.
Cloud mining emerges as an egalitarian alternative, bypassing capital-intensive infrastructure requirements. Several platforms now leverage AI-driven optimization and server-switching algorithms to maintain profitability despite record network difficulty levels.
HashBeat maintains its position as the leading cloud mining service, with six other platforms offering viable options for retail participants. This sector democratizes access to Bitcoin mining rewards without requiring hardware investments or bearing energy costs.
El Salvador’s Bitcoin Holdings Reach $644M with $357M Unrealized Profit
El Salvador’s bold bet on bitcoin continues to pay off as the nation’s holdings surge to $644 million, with unrealized gains now standing at $357 million. President Nayib Bukele’s public confirmation of these profits comes amid Bitcoin’s sustained upward trajectory this month, reigniting enthusiasm across crypto markets.
The Central American nation’s pioneering adoption of Bitcoin as legal tender in 2021 has positioned it as a case study in sovereign cryptocurrency investment. Current market valuations suggest the strategy is yielding significant returns, though the volatile nature of digital assets means these figures remain fluid.
Strategy Expands Bitcoin Holdings With $764.9 Million Purchase
Strategy (MSTR) has significantly bolstered its Bitcoin treasury, acquiring 7,390 BTC for approximately $764.9 million. The purchase, executed at an average price of $103,498 per bitcoin, underscores the company’s aggressive accumulation strategy. With this latest addition, Strategy now holds 576,230 BTC—a position valued at roughly $59 billion based on current market prices.
The acquisition was funded through innovative financial instruments, including an at-the-market offering of Class A common stock and the issuance of Series A STRK preferred stock. Between May 12 and May 18, the company raised $705.7 million from stock sales, demonstrating institutional confidence in Bitcoin as a core treasury asset.
Strategy’s average purchase price across its entire Bitcoin position now stands at $69,726, reflecting both early entry advantages and continued conviction during market fluctuations. This move occurs as Bitcoin trades NEAR $103,000, signaling strong institutional demand despite volatile market conditions.
Bitcoin’s Volatility Signals Institutional Influence Amid Liquidity Shifts
Bitcoin surged to $107,000 before retreating to $102,000 in a late-Sunday volatility spike, mirroring the CME futures market’s opening. This recurring pattern reflects the friction between 24/7 crypto markets and traditional trading hours, but Sunday’s action revealed a twist: Institutional traders led the charge as BTC spiked first on the CME, not retail platforms.
Three failed attempts to break resistance underscore mounting tension. Gaps in CME pricing—often opening lower than Friday’s close—create arbitrage opportunities that increasingly shape Bitcoin’s price discovery. The market now watches whether this institutional footprint will catalyze the next record high or prolong consolidation.
MicroStrategy Hit With Lawsuit Over $5.9B Bitcoin Loss – Still Adds $765M BTC
MicroStrategy, rebranded as Strategy, continues its aggressive Bitcoin accumulation despite mounting legal and financial scrutiny. The company, led by Michael Saylor, remains unwavering in its commitment to Bitcoin, which it views as digital gold. Saylor’s mantra, "rise early, work late, and buy Bitcoin," underscores the firm’s bullish stance.
A recent lawsuit challenges the company’s strategy, alleging recklessness in its $5.9 billion Bitcoin losses. Critics question whether MicroStrategy’s approach is visionary or perilous. Yet, the firm persists, adding $765 million worth of BTC to its holdings.
MicroStrategy’s unyielding focus on Bitcoin has made it one of the largest corporate holders of the cryptocurrency. The outcome of the lawsuit could set a precedent for how corporate Bitcoin investments are perceived and regulated.
