KULR Technology Group has deepened its Bitcoin commitment, purchasing 42 additional BTC and bringing its total holdings to 716.2 BTC, the company announced. The energy storage and management firm said it has spent approximately $69 million acquiring Bitcoin (BTC) at…

KULR CEO: Bitcoin adoption ‘still in early stages’ as firm expands holdings

As the Federal Reserve&#8217;s Federal Open Market Committee convenes tomorrow, the 
crypto market appears to be at a crossroads, with investors keenly awaiting 
signals that could influence digital asset valuations. Currently, the 
consensus among analysts suggests a high probability that…

Federal Reserve meeting looms: Will Powell’s tone push Bitcoin higher?

**Key Takeaways:**
 * Data shows Bitcoin bulls opening margin long positions from $94,400.
 * A $189 million increase in Bitcoin futures open interest and a 15% increase in trading volume show sustained buying interest.
 * BTC momentum tends to slow before FOMC meetings and then turns volatile afterward. The same could happen following this week&#8217;s Federal Reserve statements.
Bitcoin (BTC) bulls are holding strong around the $94,500 level as the market 
awaits the Federal Open Market Committee (FOMC) meeting on May 7. Bitcoin 
analyst Axel Adler Jr. noted BTC&#8217;s price strength and pointed out a bullish 
cluster of long positions forming around $94,400 in the futures market. A 
similar cluster was observed at the end of April, which pushed BTC prices to 
$97,500.
_Bitcoin futures position dominance data. Source: X.com_
Similarly, Bitcoin futures open interest (OI) exhibited a swift increase of 
2,000 BTC, i.e., roughly $189 million, over the past few hours. A rise in OI 
and a 15% increase in aggregated volume imply consistent buying pressure 
despite the price dip.
The aggregated funding rate remains near neutral, indicating balanced 
sentiment between longs and shorts over the past eight hours. However, funding 
rates have fluctuated, with brief spikes to 0.018% on May 6, suggesting 
periodic optimism among leveraged traders.
_Bitcoin open interest, aggregated volume, funding rate and price. Source: 
Velo. chart_
MN Capital founder Michael van de Poppe also identified Bitcoin&#8217;s bounce and 
said that BTC could continue to recover in the markets. The analyst said,
&gt; &#8220;I think we&#8217;ll continue the grind on Bitcoin upward, the key factor here is 
&gt; whether Gold starts to correct after FOMC tomorrow, indicating that there&#8217;s 
&gt; the start of the business cycle.
_**Related: Bitcoin sell-off to $93.5K is a brief hiccup &#8212; Data still 
supports new BTC highs in 2025**_
## Bitcoin momentum stalls before FOMC
Swissblock, an investment management firm, revealed that Bitcoin&#8217;s momentum 
typically slowed down before the last five interest rate decisions, followed 
by a sharp increase in price volatility. In an analysis on X, the firm 
presented a chart tracking Bitcoin&#8217;s 25-day rate of change (ROC) from October 
2024 to May 2025.
Bitcoin&#8217;s price steadily climbed in the charts whenever the ROC trended up or 
went positive. It was mainly observed during October-November 2024, and 
recently in April 2025.
_Bitcoin price momentum around FOMC. Source: X.com_
Consequently, when the ROC tapers off, BTC corrects, an outcome observed in 
January-February 2025. Recent data indicates that the ROC remains on an 
uptrend in May 2025, which increases the possibility of a price gain for 
Bitcoin.
Swissblock emphasized that the FOMC meeting is a potential catalyst for 
Bitcoin&#8217;s next move, noting that the rate decision and Federal Reserve Chair 
Jerome Powell&#8217;s tone could spark volatility in financial markets.
_**Related: Bitcoin price rallied 1,550% the last time the &#8216;BTC risk-off&#8217; 
metric fell this low**_
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Bitcoin bulls rush into long positions ahead of May 7 Fed FOMC interest rate decision

Bitcoin ETFs opened the week strong with a $425 million net inflow, entirely 
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the day. Blackrock&#8217;s IBIT Powers $425 Million Bitcoin ETF Inflow As Ether ETFs 
Stay Flat Bitcoin ETFs wasted no time setting the tone for the new week. 
Fueled solely by […]

Bitcoin ETFs Start the Week With $425 Million Inflow

Crypto markets have fallen below the $3 trillion mark, as traders struggle 
with macroeconomic uncertainty.

Why is the crypto market down today?

SOL Strategies, a Canadian publicly traded company focused on supporting the 
Solana blockchain ecosystem, has expanded its holdings with a new $20 million 
Solana purchase. The Canada-listed company announced the move on Tuesday, May 
6, disclosing the completion of the…