Bitcoin Extends Rally From May Lows — Can It Break $120,000 Next?

Bitcoin BTC/USD is continuing its run, with analysts now eyeing the $115,000–$120,000 range as the next logical targets.

What Happened: Crypto analyst ElonMoney attributes the rally to over $3.3 billion in spot Bitcoin ETF inflows, led by IBIT, FBTC and ARKB. Notably, $934 million flowed in on May 22 alone.

The Coinbase Premium Index, a metric showing U.S. investor demand, remains firmly positive, further confirming strong institutional appetite.

Technically, BTC is trading above key moving averages with a new value area high at $110,200 and support solidified near $107,500.

Also Read: Bitcoin’s Golden Cross Is Imminent: Strong Rally Or 2021-Style Sell-Off Next?

What’s Next: According to…

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A Sound Punt Is Released

For years, Bitcoin in Ireland has quietly simmered at the grassroots level—discussed in pubs and meetups, debated in Telegram groups, and occasionally splashed across headlines with predictable suspicion. But recently, the temperature is beginning to rise. With the release of “A Sound Punt: The Case for Ireland’s Interest in Bitcoin” by Bitcoin Network Ireland (BNI), and a weekend that sees both the Bitcoin Ireland Conference and Aontú’s Ard Fheis, it’s clear momentum is building on the Emerald Isle.

A Sound Punt: A Paper for the Citizens of Ireland

The new paper, released today by Bitcoin Network Ireland, is a concise, accessible document crafted to cut through the noise…

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LATEST: Bitwise Predicts $427B of Institutional Money Preparing to Buy 4.2 Million Bitcoin

Crypto adoption is accelerating as Bitwise projects that institutional players and nation-states will hold over 4.2 million Bitcoin by the end of 2026. The estimated total value of this investment is set to reach a staggering $426.9 billion. Nation-states like the United States El Salvador and Bhutan are expected to lead with $161.7 billion in inflows accounting for 7.70% of Bitcoin’s supply.

Wealth management giants like Morgan Stanley and Goldman Sachs could bring in $120 billion while public companies may add another $117.8 billion. U.S. states including Texas Arizona and New Hampshire along with sovereign wealth funds from Abu Dhabi and Norway are also joining the race. Collectively this points to 20.32% of total Bitcoin supply under institutional control.

This bullish outlook supports growing confidence in Bitcoin’s role as a global asset class. As institutional interest deepens the crypto market could be headed for historic gains.

Solana Nears Breakout as R3 Partnership Brings Institutional Blockchain to Public Layer-1

Solana SOL/USD is on a growth spurt gaining 2.70% in a day. The token is trading for $180.53, after giving 4.49% weekly and 18.97% monthly returns to its investors. The surge comes as the platform has recently announced a partnership with corporate blockchain giant, R3, which can close the gap between traditional finance and permissionless blockchain technology.

R3, known for its DLT platform Corda, has partnered with the Solana Foundation to develop an enterprise-grade consensus service on Solana’s Layer-1 blockchain. R3 has been focused on private chains serving banks and institutions. With the new partnership, it’s moving into public blockchain infrastructure for tokenizing…

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The Bitcoin Mempool: Relay Network Dynamics

In the last Mempool article, I went over the different kinds of relay policy filters, why they exist, and the incentives that ultimately decide how effective each class of filter is at preventing the confirmation of different classes of transactions. In this piece I’ll be looking at the dynamics of the relay network when some nodes on the network are running different relay policies compared to other nodes. 

All else being equal, when nodes on the network are running homogenous relay policies in their mempools, all transactions should propagate across the entire network given that they pay the minimum feerate necessary not to be evicted from a node’s mempool during times of large…

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Semler Scientific Buys Additional $50 Million Worth Of Bitcoin

Medical equipment provider Semler Scientific has acquired 455 Bitcoin for $50 million, marking it one of the largest purchases as more publicly traded companies continue to adopt Bitcoin treasury strategies.

According to a Form 8-K filed with the SEC on May 23, the company purchased the Bitcoin between May 13 and May 22 at an average price of $109,801 per coin, including fees. The acquisition brings Semler’s total Bitcoin holdings to 4,264 BTC, acquired at an aggregate cost of $390 million.

The purchase was funded through Semler’s at-the-market (ATM) equity offering program, which has raised approximately $114.8 million since its launch in April 2025. The company has issued…

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Are Bitcoin Long-Term Holders Starting To Sell?

After a volatile start to 2025, Bitcoin has now reclaimed the $100,000 mark, setting a new all-time high and injecting renewed confidence into the market. But as prices soar, a critical question arises: are some of Bitcoin’s most experienced and successful holders, the long-term investors, starting to sell? In this piece, we’ll analyze what on-chain data reveals about long-term holder behavior and whether recent profit-taking should be a cause for concern, or simply a healthy part of Bitcoin’s market cycle.

Signs Of Profit-Taking Appear

The Spent Output Profit Ratio (SOPR) provides immediate insight into realized profit across the network. Zooming in on recent weeks, we…

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Move to Fully Custodied, Bitcoin-Only Loan Model

George Town, Grand Cayman — Ledn, one of the longest-standing digital asset lenders, today announced a sweeping update to its platform to discontinue any lending of client assets to generate interest, meaning that client assets will never be exposed to third party lending credit risk.

Going forward, Ledn will only offer its Custodied Bitcoin loan structure, under which client bitcoin collateral will remain fully in custody either with Ledn or its trusted funding partners.

As part of this strategic shift, Ledn will also remove support for ETH, doubling down on Bitcoin as its sole digital asset focus. These changes were unveiled by the company at Bitcoin 2025 in Las… Read more on bitcoinnews

The Citadel (v. Nardo): From Meme To Monument

My latest painting, The Citadel (v. Nardo), did not begin simply on canvas. It began as a whisper – an image passed digitally between anonymous hands, reposted, remixed, archived, and mythologized across the internet. Like many of my works, this piece builds from historical fragments and symbols, grounded in the belief that memes are not fleeting – they are foundational. They don’t just reflect culture, rather, they write it.

Last year in 2024, I presented a solo show in Abu Dhabi centered around the fact that Subway – the sandwich chain – was one of the first fast food restaurants to accept Bitcoin. That small historical detail became the seed of a larger conceptual…

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Bitcoin Rally Has Room To Run, Says Morgan Creek’s Mark Yusko

Mark Yusko, the founder and CIO of Morgan Creek Capital, believes the ongoing Bitcoin BTC/USD rally is far from over.

What Happened: Speaking as Bitcoin surpassed a new all-time high near $111,000, Yusko said the asset’s upward trajectory is backed by deep structural forces and a fundamental shift in how the global economy treats money.

“This idea that we should be surprised that we keep making all-time highs? Of course we’re going to make new all-time highs,” Yusko said, pointing to the rapid devaluation of fiat currencies. “We printed 80% of all the dollars that ever existed in the last five years.”

Unlike traditional assets like stocks and bonds, Yusko emphasized that Bitcoin’s…

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