BTC $81,015 (-0.10%) | May 7, 2026

Bitcoin consolidated at $81,015, essentially unchanged from yesterday's close as the market absorbed this week's 6.2% rally.Risk shifted materially higher today. White House announcement of Bitcoin Reserve update timing combined with aggressive July 4 crypto legislation deadline creates near-term policy catalyst risk.

White House adviser provided first concrete Bitcoin Reserve timeline in next few weeks
ETF flows accelerated to +1.31σ above mean as nearly $1 billion entered over two days
CME announced regulated Bitcoin volatility futures launch for June expanding institutional derivatives
Strategy signals potential end to never-sell policy, introducing major supply uncertainty
Network fundamentals remain robust with hashrate at 966 EH/s and minimal fee pressure

Market Snapshot

Market Cap

$1.62T

24h Volume

$42.33B

Dominance

58.6%

Macro Context

How Bitcoin fits into the macro picture

Bitcoin traded uncorrelated with traditional risk assets today, holding steady while S&P 500 gained 1.46% and oil fell 14% on Iran peace reports. The 90-day BTC-SPX correlation sits at 0.53, suggesting Bitcoin is trading on crypto-specific policy catalysts rather than broad macro forces. Fear & Greed index at 47 remains neutral despite the week's 6.2% rally, indicating measured rather than frothy sentiment.

BTC's -0.10% performance versus S&P 500's +1.46% gain shows policy-driven decoupling from risk-on sentiment today.

BTC vs Everything

Asset	24h	YTD	BTC Edge
SPXS&P 500	+1.46%	+6.14%	-16.06%
QQQNASDAQ-100	+2.08%	+11.92%	-21.84%
XAUGold	+0.10%	-0.32%

Market Snapshot

Macro Context

BTC vs Everything

Top Stories