Institutional investments in Bitcoin may drive broader acceptance, yet market 
skepticism persists without clear regulatory and adoption signals.
The post Alberta Investment Management makes $219M Strategy investment for 
Bitcoin exposure appeared first on Crypto Briefing.

Alberta Investment Management makes $219M Strategy investment for Bitcoin exposure

Geopolitical tensions heighten Bitcoin&#8217;s market volatility, potentially 
dampening long-term growth prospects amid sustained risk aversion.
The post US-Israel strike on Iran impacts Bitcoin, price drops 6% to $63,038 
appeared first on Crypto Briefing.

US-Israel strike on Iran impacts Bitcoin, price drops 6% to $63,038

Coinbase&#8217;s progress and U.S. regulatory clarity may enhance Bitcoin&#8217;s 
institutional appeal, potentially stabilizing or boosting its market value.
The post Coinbase milestones bolster Bitcoin&#8217;s institutional adoption amid US 
regulatory clarity appeared first on Crypto Briefing.

Coinbase milestones bolster Bitcoin’s institutional adoption amid US regulatory clarity

The US warning may heighten geopolitical tensions, potentially disrupting 
global oil supply chains and impacting international trade stability.
The post US warns shipping firms of sanctions over Iran tolls in Strait of 
Hormuz appeared first on Crypto Briefing.

US warns shipping firms of sanctions over Iran tolls in Strait of Hormuz

GameStop&#8217;s strategic shift towards acquisitions and digital assets highlights 
its adaptation to evolving market dynamics and growth ambitions.
The post GME meme coin soars 54% after GameStop reportedly prepares offer for 
eBay appeared first on Crypto Briefing.

GME meme coin soars 54% after GameStop reportedly prepares offer for eBay

The Bitcoin price had quite an interesting performance over the past week, 
cruising to a new high above the $79,000 high early on before crashing to as 
low as $75,500 on the last day of April. However, the premier cryptocurrency 
has had a somewhat bright start to May, hovering around the $78,000 level. 
While the subtle price action resurgence suggests improving market sentiment, 
on-chain data shows that current demand is still insufficient to fuel a full 
recovery for Bitcoin — and perhaps the rest of the crypto market. BTC Apparent 
Demand Improving, But Still Not Sufficient: Analyst In a recent Quicktake post 
on the CryptoQuant platform, pseudonymous analyst Darkfost stated that the 
underlying Bitcoin market demand has remained weak despite the price rebound 
over the past two months. According to the crypto pundit, there is no current 
evidence of a shift in the price regime, despite BTC rising by more than 30% 
from its cycle lows. Drawing inferences from the Apparent Demand metric, which 
measures demand by comparing the freshly mined BTC to the amount of unmoved 
coin in over a year, Darkfost reiterated that market appetite has remained 
weak. Indeed, the metric has seen some recovery — as has price — from the 
ghastly -89,000 BTC in early April. Related Reading: Bitcoin Renko Mari-Ashi 
Reveals Where The Bottom Lies And When The Rise Will Begin Again However, 
CryptoQuant data shared by the analyst shows that the apparent demand (30-day 
sum) is still negative at -44,700 BTC. Darkfost revealed that the Bitcoin 
Apparent Demand metric has been in the red all year, except for a brief period 
in February, when BTC mining activity saw a sharp decline. Darkfost explained 
in their Quicktake post: I am excluding the brief positive shift at the end of 
February, as it was not driven by a genuine increase in demand, but rather by 
a sharp drop in BTC issuance. This was mainly due to a significant decline in 
mining activity, particularly linked to severe weather conditions in the 
United States earlier in the year. The analyst noted that while the apparent 
demand trend shows signs of improvement over the past few weeks, market 
appetite needs to improve further to create the appropriate environment to 
support a sustainable Bitcoin price recovery. As seen in previous trends, the 
price of BTC is directly related to the Apparent Demand indicator. Hence, 
investors need to watch out for when the metric turns positive. Bitcoin Price 
At A Glance As of this writing, the price of BTC stands at around $78,334, 
reflecting an over 2% jump in the past 24 hours. Related Reading: Bitcoin On 
Morgan Stanley’s Balance Sheet? The Answer Is Getting Interesting Featured 
image from iStock, chart from TradingView

Cryptocurrency price in BHD

Market Overview