Bitcoin briefly surged above $82K on Sunday, supported by strong ETF inflows and improving macro conditions, now up roughly 20% since April 1. Global digital asset investment products attracted $857.9M in inflows last week, marking a sixth consecutive positive week and the strongest since late April.
Institutional and venture activity accelerated. Circle raised $222M for Arc at a $3B FDV backed by a16z crypto and BlackRock, while reporting Q1 revenue of $694M, USDC supply growth to $77B, and $21.5T in onchain transaction volume. Canton Network developer Digital Asset is reportedly targeting a $300M raise at a $2B valuation, and French BTC treasury firm Capital B raised $18M from Adam Back. Saylor also hinted at another Bitcoin purchase after discussing potential selling scenarios during Strategy’s Q1 earnings call.
On the policy front, Kraken’s parent company is pursuing an OCC charter to become a federally regulated crypto bank, while Crypto com secured a UAE license tied to Dubai government crypto payments, further strengthening the region’s push toward digital asset adoption.
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Bitcoin is once again testing the key $82K monthly resistance zone after a strong multi week recovery from the March lows.
Price structure still looks constructive overall, with BTC continuing to print higher highs and higher lows. However, momentum is starting to slow a bit near resistance.
Open interest has cooled off from recent local highs, which suggests some positioning has been reduced during consolidation rather than aggressive new longs entering. That keeps the market from looking overcrowded for now.
Coinbase Premium remains slightly negative, showing U.S. spot demand has softened near $82K despite price holding elevated levels.
At the same time, aggregated BTC CVD still remains positive overall across major exchanges, particularly Binance and Bybit, which suggests buyers are still absorbing supply even while momentum slows.
Overall:
• BTC still in strong uptrend
• testing major $82K resistance
• positioning cooling slightly
• spot demand softer near highs
• CVD still supportive overall
A clean breakout above $82K would strengthen the bullish case significantly.
If rejected again, BTC could enter another consolidation phase before attempting the next move higher.
Total Market Cap: 2.71T (+2.65% weekly)
BTC Dominance: 60.1%
Fear and Greed Index: 48 (Neutral)
Crypto funds log $858M inflows in sixth straight positive week
Corpay taps BVNK to add stablecoin wallets for global customers
French BTC treasury firm Capital B raises $18M from Adam Back
Saylor hints at another Bitcoin buy after discussing potential sale
Crypto.com receives UAE license tied to Dubai government crypto payments
Kraken parent seeks OCC charter to become a federal crypto bank
Banking industry warns Clarity Act could enable stablecoin evasion
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