Recent Bitcoin Price Predictions, Shiba Inu’s Latest Achievement, and More: Bits Recap May 8

Recent Bitcoin Price Predictions, Shiba Inu’s Latest Achievement, and More: Bits Recap May 8

The primary cryptocurrency has experienced intense volatility over the past few days, with numerous analysts suggesting the bulls may soon regain momentum. Meanwhile, the popular meme coin Shiba Inu hit a new record in terms of total holders, while Ethereum (ETH) is showing signs of potential weakness. Up and Down for BTC Bitcoin had an […]

2026-05-08
U.S. hiring slowdown could be great for bitcoin — unless wages spoil the party

U.S. hiring slowdown could be great for bitcoin — unless wages spoil the party

Your day-ahead look for May 8, 2026

2026-05-08
Coinbase blames AWS for hours-long crypto trading outage

Coinbase blames AWS for hours-long crypto trading outage

Coinbase says the outage has been fully resolved but that it will investigate the incident fully.

2026-05-08
Bitcoin eyes $80K reclaim as traders say these BTC price support levels must hold

Bitcoin eyes $80K reclaim as traders say these BTC price support levels must hold

Bitcoin retagged $80,000 after falling 3% on Iran concerns, while traders flagged important BTC price support levels to preserve next.

2026-05-08
Bitcoin Price Falls Below Its Most Important Support, What Does it Mean?

Bitcoin Price Falls Below Its Most Important Support, What Does it Mean?

Bitcoin went through an impressive rally from last week’s FOMC meeting, when it dipped below $75,000, to May 6, when it surged to almost $83,000 for the first time since late January. After gaining roughly $8,000 in less than a week, though, the bears stepped up and pushed it south by over three grand. According […]

2026-05-08
Coinbase Q1 2026 Loss Hits $394 Million as Trading Revenue Drops 31%

Coinbase Q1 2026 Loss Hits $394 Million as Trading Revenue Drops 31%

Coinbase reported a sharp financial downturn in the first quarter of 2026, with the Coinbase Q1 2026 loss reaching approximately $394 million compared with a $66 million profit in the same period last year. Additionally, Cinbase Q1 2026 revenue declined 31% to $1.41 billion from the same period in the previous year due to weak

2026-05-08
Ondo Finance Price Signals Breakout Toward Key $0.60–$0.65 Resistance

Ondo Finance Price Signals Breakout Toward Key $0.60–$0.65 Resistance

Ondo Finance price (ONDO) gained more traction in the cryptocurrency markets due to increased buying pressure and heightened interest in real asset projects, which helped boost the coin’s price. The ONDO made impressive gains on a daily basis, as the number of investors in the market indicated a positive sentiment for the bull run. At

2026-05-08
Coinbase Outage Sparks 4% Stock Crash After AWS Failure

Coinbase Outage Sparks 4% Stock Crash After AWS Failure

The latest Coinbase outage shook traders across the crypto market. Users of the largest crypto exchange in the United States suddenly found themselves locked out of trades as the platform suffered a major technical collapse. Trading slowed to a halt as Coinbase was forced to place markets into “Cancel Only” mode. Users could cancel orders,

2026-05-08
This 1 Chart Explains Why Bitcoin Is Winning And Ethereum Is Losing Right Now

This 1 Chart Explains Why Bitcoin Is Winning And Ethereum Is Losing Right Now

On-chain analytics firm CryptoQuant has identified a significant divergence in the demand structures driving Bitcoin and Ethereum’s recoveries in 2026, with Bitcoin attracting sustained institutional spot buying while Ethereum’s price stability reflects reduced selling pressure rather than genuine new demand — a distinction that carries major implications for the broader market’s next move. According to […]

2026-05-08
Coinbase went down for over 5 hours after missing earnings. Bulls still see a path to $300 billion by 2030

Coinbase went down for over 5 hours after missing earnings. Bulls still see a path to $300 billion by 2030

Coinbase, the largest US-based exchange, ended a difficult first quarter with a fresh test of investor confidence after the crypto exchange missed Wall Street estimates by reporting another quarterly loss, and later suffered a service disruption tied to an Amazon Web Services (AWS) outage. The sequence gave investors a sharp reminder of the company’s two […]

2026-05-08
Bitcoin retreats below $80,000, liquidating $300 million in futures bets

Bitcoin retreats below $80,000, liquidating $300 million in futures bets

BTC fell under $80,000 after U.S. strikes in Iran sent oil briefly above $100, triggering liquidations and a shift toward bearish positioning.

2026-05-08
Bitcoin ETFs snap 5-day inflow streak as BTC dips under $80K

Bitcoin ETFs snap 5-day inflow streak as BTC dips under $80K

Bitcoin ETFs snap a five-day $1.7 billion inflow streak with $277.5 million of outflows as Bitcoin falls below $80,000 amid sharp intraday volatility.

2026-05-08
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