BTC falls below the $78000 mark

Binance - H is currently priced at $0.2429, with a 6.21% increase in 24H. 24-hour transaction volume of 100 million US dollars, up 26.03%, for reference only

According to CoinDesk analyst James Van Straten, about 15% of Bitcoin supply is concentrated around the 200 day moving average, which is in the range of approximately $83000 to $85000. He believes that if Bitcoin breaks through $85000, it may quickly rise to $95000. In addition, the true market mean (TMM) and short-term holder cost base form a key support around $78000.

According to the US Department of Justice, German citizen Owe Martin Andresen has been charged with operating the closed dark web marketplace Dream Market and laundering over $2 million through cryptocurrency and purchasing gold bars. The investigation stated that Dream Market has been used for illegal transactions such as drugs and fake documents. German police arrested Andresen on May 7th and seized approximately $1.7 million in gold bars and $1.2 million in assets related to the case. The United States has filed 12 money laundering charges against him, each of which carries a maximum sentence of 20 years in prison.

Morgan Stanley's spot Bitcoin ETF added 74.5 BTC this week, bringing its total holdings to 3389, valued at approximately $273 million. （CoinDesk）

According to Lookonchain monitoring, the two wallets spent a total of $2.33 million in the past 5 hours to purchase 656338 UNIs.