Bitcoin’s Pullback Tests Institutional Adoption Narrative As Pompliano Stays Bullish

Bitcoin’s recent price decline is testing one of the asset’s most prominent bullish narratives: that institutional adoption will stabilize volatility and support long-term growth.

Despite the downturn, ProCap Financial CEO Anthony Pompliano thinks that the broader trajectory remains intact, framing the current weakness as a natural phase in Bitcoin’s maturation into a mainstream financial asset.

Speaking on CNBC’s “Power Lunch,” Pompliano said Bitcoin’s integration into traditional finance is accelerating, pointing to growing interest from major institutions such as BlackRock CEO Larry Fink. 

According to Pompliano, this shift represents the realization of a…

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Bitcoin Price Plunges Below ‘Fire Sale’ Territory As Fear Index Reads 12 — Echoing The FTX Crash

Bitcoin price dropped to levels on Thursday that placed it below the “Fire Sale!” band on the Bitcoin Rainbow Chart — a depth not reached since the catastrophic FTX exchange collapse in November 2022 — as the Fear and Greed Index registered a reading of 12 out of 100, deep in “Extreme Fear” territory.

Bitcoin price opened today near $63,500 after sliding below $62,000 last night. That puts BTC below even the most discounted valuation band on the Bitcoin Rainbow Chart — a level the model historically flags as a rare and extreme buying signal.

The Bitcoin Rainbow Chart is somewhat of a logarithmic growth curve overlaid with color-coded sentiment bands. The deepest…

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Bitcoin’s $60,000 Mining Cost Could Mark The Cycle Bottom

Bitcoin is in a bear market. That much is not in dispute. 

What Jim Ferraioli, Director of Digital Currencies Research and Strategy at Charles Schwab, argued Wednesday on Bloomberg is more precise and more structural: this selloff has a measurable cost floor, and that floor is built not from sentiment or chart patterns, but from the physics of energy consumption.

The numbers frame the drawdown in context. Bitcoin peaked at $126,000 in the fall before collapsing to roughly $60,000 in February — a 50% correction that, while brutal for recent buyers, falls far short of the 75%-plus implosions that defined prior Bitcoin bear markets.

Ferraioli’s core analytical framework…

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Bitcoin Privacy In 2026: A Practical Guide

Bitcoin privacy has come a long way since the early days of Bitcoin. Once marketed as anonymous, Bitcoin can be best described as a pseudonymous currency and monetary system. It does not need user personal information whatsoever to function, but companies built around it often associate user public keys — Bitcoin accounts — with user information. They do this to comply with legacy financial regimes, and in some cases, for ease of use. 

As a result, users might share or expose personal information to such companies as their home IP address, which can be used to identify the users’ internet service provider, and from there, the users’ physical address. As well as their…

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Crypto Markets Are Already Pricing SPCX: What Happens At IPO?

SPCX is set to hit the NASDAQ in June, and crypto markets have already begun pricing the asset. A rapidly growing shadow market now lets retail investors speculate on SpaceX’s valuation before public trading.​

A perpetual contract platform, Trade.xyz, has launched a futures contract that tracks the expected market value of SpaceX, without any affiliation with the company. The contract has seen a 44% increase in value ever since.​

According to the BBC, some analysts believe the SpaceX IPO could impact the net worth of its major shareholders. Elon Musk, who holds substantial SpaceX shares, may see these valued at over $600 billion. Pre-IPO trading suggests that current valuations may…

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Michael Saylor Says Bitcoin Drop A ‘Capital Rotation’ To AI

Bitcoin fell to as low as $61,400 overnight before trimming losses to $62,400 in premarket hours Thursday, down 7% over the past 24 hours and more than 14% over the past week. Strategy and Michael Saylor’s MSTR is down nearly 15% in 5 trading days.

The drop has pushed bitcoin into a technical bear market, with bitcoin now off 22.7% from its four-week high, wiping out more than $600 billion in total crypto market value.

At the center of the debate is Strategy Executive Chairman Michael Saylor, who took to X on Thursday morning to offer his read on the selloff. 

“Capital markets are funding the AI buildout at historic scale: ~$400B over 6 months,” Saylor wrote. “Bitcoin ETFs…

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Better And Coinbase Close First Fannie Mae-Backed BTC Mortgage

Better Home & Finance Holding Company (NASDAQ: BETR) and Coinbase (NASDAQ: COIN) on Thursday announced the funding of the first Fannie Mae-backed mortgage collateralized by Bitcoin in the United States, marking what the companies called a pivotal moment in bridging digital asset wealth and traditional homeownership.

The debut loan was closed by Joe and Amy, a married couple in their early 30s from Ann Arbor, Michigan, who used Bitcoin holdings as collateral to fund their down payment rather than liquidating their position, the companies said.

The couple pledged their crypto through Coinbase’s custody infrastructure and obtained a conforming mortgage through Better without…

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Bitcoin Crashes 4% But At $63,000 The Bottom Is ‘Almost In’: Standard Chartered

ETF Holdings Held Firm, Proving More Resilient Than February Fear

Kendrick’s call is a direct reversal of his February 12 note, where he warned of “pain and final capitulation” and cut his near-term Bitcoin target to $50,000. 

The key variable that changed his view is spot ETF holdings.

In February, he flagged ETF capitulation as a real downside risk. Instead, holdings went from 682,000 Bitcoin to a peak and settled back to roughly 674,000, broadly flat over the period.

“This tells me that ETF holdings are more structurally strong than I had feared in February,” Kendrick wrote in a client note Thursday. 

He maintained his $100,000 year-end Bitcoin target and $4,000 Ethereum…

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Bitcoin Bottom ‘Almost In’ As Sell-Off Cuts 14% In 7 Days

Bitcoin shed 14% in seven days, sliding to levels not seen since February, as a convergence of institutional outflows, leverage liquidations, geopolitical pressure, and a shock sale from Strategy rattled digital asset markets. 

Yet Standard Chartered’s global head of digital assets research, Geoff Kendrick, told clients the bear market may be in its final stages — and that the low is “almost in.”

“I think when we look back at the end of 2026 with BTC at $100k… we will say this was the buying zone we all wanted,” he wrote. 

Bitcoin traded around $63,739 on Wednesday, down from a 24-hour high of $67,416.50, after touching a session low near $61,463 — the first…

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Bitmine’s $300M Raise Is ‘Borrowing A Page From Saylor’s Ponzi Playbook’, Peter Schiff Says – BitMine Imm

3 Million Shares At 9.5% Yield Filing With NYSE Under BMNP

Bitmine filed with the SEC to offer 3 million shares of Series A perpetual preferred stock at a fixed cumulative dividend rate of 9.5% annually on a $100 per share base. 

Dividends pay weekly in cash, with unpaid amounts accruing compounded interest starting at 9.55% and rising by 5 basis points per period up to a maximum of 15%.

The shares will list on the NYSE under the ticker BMNP within 30 days of first issuance. Moelis and Cantor are acting as joint lead bookrunners. 

Proceeds will fund general corporate purposes including purchasing additional ETH and expanding staking operations.

Copying Strategy’s STRC But With ETH Losses… Read more on Benzinga