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The Crypto Market Is Testing May’s Highs

The Crypto Market Is Testing May’s Highs

Crypto News

Bitcoin has surpassed its 50-week moving average at $81K, as noted by Galaxy Research. BTC had not risen above this line since late 2025, when it rapidly broke through it on its way down from $126K to $60K.

Investors are increasingly hedging against currency depreciation through Bitcoin and gold, whilst the correlation between the leading cryptocurrency and the precious metal has reached a six-year high, according to Bitwise. At the same time, BTC has almost lost its link to stock indices.

Bitwise’s Chief Investment Officer, Matt Hogan, has described Bitcoin as a safeguard against rising US government debt. He recommended that investors hold both the first cryptocurrency and shares in artificial intelligence (AI)…

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