Charles Schwab has started rolling out Schwab Crypto accounts, enabling eligible retail clients to trade spot Bitcoin and Ethereum directly on its platform. The service is available to most U.S. residents but excludes New York, Louisiana, U.S. territories, and international users, and it will carry a 75-basis-point trading fee. Bitcoin hovered around the $80K area, with BTC near $79,742 and down 0.92% at press time despite $898 million in ETF inflows.

Peter Brandt said bitcoin has yet to print a clear bottom and described price action as potentially contained within a bear channel that began from the February low. In an X post dated May 13, he highlighted $79,145 as the key level, saying an ATR close below it could imply a move back toward the channel midpoint and possibly the lower boundary.

MARA Holdings reported it still holds 35,303 Bitcoin worth about $2.84 billion, after selling 20,880 BTC for nearly $1.5 billion during Q1 2026. The stock fell 5% in Tuesday trading to an intraday low of $11.74 and later slipped another 1.85% after hours, following earnings that showed a $1.26 billion net loss on $175 million revenue.

Bitcoin extended losses after failing to hold the $80,500 area, pushing BTC below $80,000 and under the 100-hour simple moving average. Price action formed a low at $78,720 and then consolidated, with nearby support levels highlighted at $79,200 and $78,800. On the upside, resistance is seen around $80,000, $80,500, and a bearish trend line near $80,700.

KULR Technology Group transferred 300 BTC valued at $24.36 million to Coinbase Prime, while its Bitcoin position showed losses of $18.25 million. The company had earlier said in December 2024 it would allocate 90% of surplus cash to Bitcoin and later reported a reserve of 1,021 BTC worth $101 million by July 2025. Across Bitcoin treasury firms, total holdings value fell from $126 billion to $96 billion, leaving about $30 billion in unrealized losses.

An analyst said Bitcoin's previous cycle top did not come with an obvious crash, but with coordinated whale selling that blended into routine trading. ForeDex noted a whale transferred roughly 30,000 BTC to exchanges over 10 days via Galaxy Digital, splitting flows across venues to reduce detectability. Separately, analyst Kaz flagged weakening structure after a rejection at $82,000, with falling CVD and rising OI as BTC retests $80,000.

Bitcoin is trading just under $80,000 as President Donald Trump arrives in Beijing for talks with Chinese leader Xi Jinping, with traders treating the summit as a key risk-sentiment catalyst in a week already pressured by inflation and rising yields. April data showed CPI at 3.8% year over year and PPI at 6% year over year, while Wintermute flagged a leverage-led move as open interest rose from $48 billion to $58 billion in a month. BTC was down 1.42% over the past 24 hours at the time of publication.

Bitcoin (BTC) fell below the $80,000 level on May 13 after repeatedly failing to break above $82,200 over the prior seven days. It was trading around $79,340 at press time, down nearly 3% over the week, while more than $91.5 million in crypto positions were liquidated in the past 24 hours, including over $77.5 million in longs.