Bitcoin
May, 2026
Frustrated Mt Gox
April CPI came in hot, rising to 3.8% the highest level since May 2023. Core CPI also moved higher to 2.8%, beating expectations of 2.7%. With oil prices surging, inflation is starting to look uncomfortable again. Now the market is pricing in higher odds of Fed rate hikes.
Arthur Hayes thinks Bitcoin already bottomed around $60K and is now getting ready for the next big move. In his view, if BTC breaks above $90K, the move could speed up fast, with the next major target sitting above $126K.
US and UAE crypto updates on tax regulation and adoption