Cryptocurrency
fromnews.bitcoin.com
3 hours agoBitcoin Hits $80,000: Massive Short Squeeze and Institutional Buying Drive $96K Target
Bitcoin surpassed $80,000 on May 4, 2026, driven by institutional buying and short liquidations.
Zcash (ZEC) surged past the $400 mark for the first time since late January amid renewed chatter regarding the privacy narrative. ZEC rallied to $424 late Sunday, outperforming the rest of the cryptocurrency market, which added more than $50 billion to its total market capitalization.
OFAC's alert indicates that digital asset payments tied to the Strait of Hormuz can create significant sanctions exposure for maritime firms and financial institutions, emphasizing that crypto does not reduce legal risk.
On April 30, 2026, Judge Gong Hyeon-jin of the Seoul Administrative Court accepted Bithumb's request for a stay of execution, temporarily blocking a six-month partial business suspension that South Korea's Financial Intelligence Unit had imposed in March.
Porvenir, one of the largest pension fund managers in Colombia, launched a new crypto-linked investment portfolio option called Crypto Porvenir, allowing Colombian pensioners to achieve crypto exposure starting at 100,000 Colombian pesos through a safe, regulated product.