BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

**May 10: VanEck’s Sigel Forecasts Bitcoin Retesting ATH in 12 Months** VanEck Digital Asset Research Director Matthew Sigel told CNBC Wednesday (May 10) he expects Bitcoin to retest its all-time high within the next 12 months. Citing BTC’s near 5-year high correlation with the Nasdaq, he noted the U.S. stock market’s resilience is fueling the current rebound. However, derivatives markets show little significant optimism—futures and options activity mostly reflects short covering and hedging demand, leaving room for downside potential from a contrarian perspective. Sigel also highlighted a central bank’s 2024 announcement that it will add Bitcoin to its foreign exchange reserves, framing this as a sign BTC is gradually evolving into a global asset for large-scale cross-border settlements (a “major trend,” he emphasized). On investment outlooks: - Optimistic about Bitcoin’s rising market dominance; - Mining firms are key beneficiaries of AI infrastructure integration—gro

As of May 10th, per 8 Market data, Bitcoin’s market cap stands at $1.617 trillion — surpassing Tesla (market cap: $1.608 trillion) — and now ranks 12th globally by asset market capitalization.

May 10th, Coinglass data shows: - If Bitcoin rises above $82,000, cumulative short liquidation across major CEXs will hit $4.64 billion. - Conversely, a drop below $79,000 would trigger $5.85 billion in cumulative long liquidation on major CEXs. BlockBeats Note: Liquidation charts do not display the exact number or value of contracts being liquidated. Instead, the bars represent the **strength** of each liquidation cluster relative to neighboring clusters (i.e., how significant that cluster is). This means the chart indicates how strongly the price will react when hitting a given level: higher bars signal a more intense price response due to a surge in liquidity.

May 10 — Bitcoin could face weaker support next week as the U.S. releases its inflation report, raising the risk of a pullback to $70,000. The Cleveland Fed’s latest real-time inflation forecast projects April’s year-over-year CPI will rise to 3.56% — up from March’s 3.3% — while the monthly CPI is seen at 0.45% (down from 0.9%). Core CPI is forecast to hit 2.56% year-over-year and 0.21% month-over-month, compared to prior readings of 2.6% and 0.2%. The official April CPI report drops May 12. This keeps the inflation picture messy: while monthly inflation slowed and core inflation held steady, overall CPI is still expected to reaccelerate — not a great environment for risk assets. A stronger annual CPI reading could reinforce the Fed’s reluctance to cut rates quickly, often weighing on speculative trades like Bitcoin. But Bitcoin has dodged deeper retracements after hot CPI prints before: after March’s CPI showed overall inflation jumping from 2.4% in February to 3.3%, BTC rose m

**May 10 —** The value of cryptocurrency held by South Korean investors has been halved over the past year, dropping from 121.8 trillion KRW ($83.3 billion) at the end of January 2025 to 60.6 trillion KRW ($41.4 billion) by February 2026’s end. Daily trading volume on South Korea’s top five exchanges also plummeted to $3 billion in February—down from $11.6 billion in December 2024. Korean won deposits on exchanges fell from 107 trillion KRW at the end of 2024 to 78 trillion KRW. The decline is linked to two factors: falling crypto prices and capital inflows into the stock market. Stablecoins, however, have trended in the opposite direction. Their holdings rose from $60 million in July 2024 to a peak of $597 million in December, before dropping to $41 million in February—a decline far smaller than the overall crypto market’s contraction. As the market shrinks, regulators are preparing to tighten oversight. The financial watchdog plans to roll out revised Anti-Money Laundering (

May 10 — Former U.S. President Donald Trump previously expressed hope that Russia and Ukraine would “significantly extend” the ceasefire. Russian presidential aide Yury Ushakov responded by noting there is currently no plan to extend the May 9-11 ceasefire. Separately, Russian presidential press secretary Dmitry Peskov said on May 9 that reaching a peace agreement between Russia and Ukraine still has a long way to go, with many complex details involved. While the U.S. is eager to see progress, patience remains necessary right now.