On May 8, 2026, Revolut said a failure at a third-party pricing provider caused its app to display incorrect crypto prices, after users shared screenshots showing Bitcoin briefly listed at $0.02. Revolut said engineers worked on a fix and directed customers to its status page, later confirming the issue was resolved. Users also reported the same glitch affecting other assets, while major price aggregators did not show a matching move.

Bitcoin moved back above $80,000 for the first time since early February after holding relatively steady since the start of April. Since April 7, miner-linked wallets have sent about 3,400 BTC out of reserves as BTC rose from roughly $72,000 to around $82,790, a pattern analysts say reflects profit-taking. BTC was last cited near $80,287, up 0.8% in 24 hours and about 3% over seven days.

China's crypto policy has tightened further, including a framework described as fully prohibiting private possession, trading and mining of cryptocurrencies, while positioning the digital yuan (e-CNY) as the only legal digital currency. The article says the People's Bank of China implemented this ban on June 1, 2025, and later issued additional measures with other agencies that expand enforcement to offshore activity and yuan-linked stablecoin issuance.

BlackRock's iShares Bitcoin ETP (IB1T) reached $1.1 billion in assets under management as of May 1, 2026, holding about 14,200 BTC and listing on Euronext Amsterdam, Euronext Paris, and Xetra Frankfurt. The product launched in March 2025, operates under the EU's MiCA framework, and carries a 0.15% total expense ratio with a fee waiver through December 31, 2026. On May 09, 2026 (14:00 UTC), Bitcoin traded near $80,391.53, while the article highlighted mixed weekly trend signals alongside strengthening momentum indicators.

Publicly listed Bitcoin miners disclosed this week that they are selling mined BTC to fund operations and AI expansion, with some retiring ASIC fleets in favor of GPUs. On April 30, MARA said it will buy Long Ridge Energy & Power for $1.5 billion, while IREN outlined a five-year $3.4 billion AI cloud agreement with NVIDIA using Blackwell GPUs. Smaller miners including DMG, Bitdeer, and Cango also reported BTC sales and new AI-focused subsidiaries or shifts.

US spot Bitcoin ETFs finished last week with net inflows despite late-week withdrawals, extending a six-week positive streak. Since April 2, the group has attracted $3.4 billion, with the week of April 17 marking the high at $996 million while the April 2 week was the lowest at $22 million.

Bitcoin traded below $80,000 after a sharp U.S. nonfarm payrolls miss, with April job gains at 62,000 versus March’s 172,000. The bullish $120,000 narrative was tempered by average hourly earnings rising to 3.8% year-on-year from 3.5%, a backdrop that can keep rate-cut hopes in check. Analysts also pointed to technical levels near $77,500 and $75,000 as key downside markers.

Bitcoin stayed above $80,000 after April US employment figures came in stronger than expected, dampening expectations for near-term Federal Reserve rate cuts. The Labor Department reported 115,000 jobs added with unemployment steady at 4.3%, while the CME FedWatch Tool showed just a 6% chance of a June cut. Traders are watching whether the $80,000 area remains a durable support zone or signals a deeper pullback.