Billionaire hedge fund manager Paul Tudor-Jones, who previously praised Bitcoin as an inflationary hedge, now believes that the cryptocurrency has lost some of its appeal due to the challenging regulatory environment in the US and the slowdown in inflation. Jones stated that Bitcoin has a "real problem" due to the regulatory apparatus against it in the US. Despite this, he still has a minor allocation in Bitcoin. Jones believes that Bitcoin's appeal mainly comes from the fact that its supply cannot be manipulated by a single individual or company.

ChainwireMerov has launched a suite of services designed for the Bitcoin mining industry, including Merov Hosting, Rejuvit Systems by Merov, and Merov Marketplace. Merov Hosting offers colocation facilities for Bitcoin miners, while Rejuvit Systems is a US-based parts distributor and ASIC repair company. Merov Marketplace is an innovative platform that provides due diligence, asset sale, distribution, and procurement services to the Bitcoin mining industry. Merov has achieved several milestones, including closing or currently engaging in $771.96mm in ASIC mining infrastructure deals and processing 105,455 ASICs through their services.

Bitcoin (BTC) saw gains at the start of the U.S. trading week, rising to over $27,000 from a low of $25,800 on Friday. The cryptocurrency's price chart showed a rise to $27,350 on Monday afternoon. The second-largest cryptocurrency by market capitalization, Ether (ETH), also rose more than 1% to hover around $1,830. However, investors have been weighing the low liquidity of late in crypto markets, with market makers Jane Street and Jump Crypto last week retreating from crypto trading in the U.S. due to regulatory uncertainty.

Tether, a stablecoin issuer, reduced its bank deposits from $5.3 billion to $481 million in Q1 to mitigate the risk of bank failures. The company also diversified its asset reserves by adding gold and bitcoin, which account for 4% and 1.8% of its total reserves, respectively. The US government is reportedly planning to crack down on crypto exchanges. Meanwhile, Lido Finance has staked over 6.2 million ETH, and the next bullish catalyst for Bitcoin is said to be the realized price getting above Long Term Holder RP. CZ, the CEO of Binance, has unfollowed Elon Musk on social media, causing speculation in the crypto community. Lastly, JPMorgan and financial regulators have accused Gary Gensler of jurisdictional overreach and disrupting well-functioning markets.

Bitcoin has reclaimed the 27,000 level and is currently trading between $26,766.10 and 27,646.35. The critical resistance for BTC is at 28,000, and a break above this level could indicate further upside. However, if Bitcoin fails to stay above 27,000 support and drops below 26,800 or even 25,200, it could turn bearish in the short term. The bulls are currently in control of the market, and there seems to be a lot of buying pressure after Bitcoin broke above $27,000 on Sunday. The market volatility is expected to continue as traders anticipate further price action.

Bitcoin's price has fallen 12.3% in the last 30 days, breaking below its 55-day resistance at $27,000 on May 12. However, it has decoupled from the S&P 500 index, which is flat from 30 days ago and 15% below its all-time high. Investors believe that the favorable macroeconomic trends for risk markets were overshadowed by the increasing risk perception of the cryptocurrency sector. Despite recent price weakness, there are enough drivers and potential triggers to sustain a considerable bull run in the upcoming months, and traders can use the "risk reversal" option strategy to hedge losses from unexpected price swings.

Bitcoin (BTC) reached five-day highs on May 15, continuing its rebound after the Wall Street open. BTC/USD reached $27,666 on Bitstamp and held strength on hourly timeframes after a weekly close just below the $27,000 mark. Crypto analysts looked for cues over where markets might go next, with some predicting a continued upward trend towards $38,000-42,000. Meanwhile, attention continued to focus on U.S. dollar strength after a week of solid gains, with some traders noting the inverse correlation between the dollar and crypto assets.

The Bitcoin Puell Multiple, which measures the ratio between daily revenue of Bitcoin miners and the 365-day average value of the same, has reached high levels recently. This metric tries to determine whether the current price of the cryptocurrency is fair or not by comparing the current revenue of miners against the yearly average. When the Puell Multiple has a value above 1, it means miners are making higher revenues than the average for the past year, which may indicate that the asset is overpriced. The current levels of the metric suggest that the price has become overheated recently, which may mean that a top is close.

Bitcoin's price has experienced a 9.4% correction over eight consecutive days until May 13, with traders and analysts speculating a coordinated attack aimed at causing network instability. However, the current FUD is losing steam, with the average transaction fee dropping 83% to $5.10 from a $31 peak on May 7. Traders are now questioning whether Bitcoin can bounce back above $28,000 given the uncertainty on the crypto regulatory front. Bitcoin futures and options data display moderate weakness, but a BTC price rally could happen as investors price in higher odds of a US government debt default.

The ongoing debt ceiling negotiations in the United States are causing concern for traders, with JPMorgan Chase CEO Jamie Dimon warning of potential panic in the stock markets if the government defaults. The impact on Bitcoin is also a concern, with Bloomberg's Markets Live Pulse survey suggesting it could become the third most preferred asset class behind Gold and U.S. Treasuries. Billionaire fund manager Paul Tudor Jones has stated that he is holding onto his Bitcoin and will always have some portion of his portfolio in it. Technical analysis suggests a range-bound action in the short term for the S&P 500 Index, Bitcoin, and major altcoins, with important support and resistance levels to watch for.