Bitcoin has steadily risen from $80K earlier today to $81.2K as Bitcoin ETFs continue to see inflows, and Strategy Head Michael Saylor announced the acquisition of 535 Bitcoin for approximately $43 million at an average price of $80,340 per Bitcoin, increasing total holdings to 818,869 BTC.
In an announcement on X, Saylor wrote that the purchase was "funded primarily by sales of MSTR and STRC stock. The company's total holdings now stand at 818,869 BTC, acquired for approximately $61.86 billion."
Saylor seems to be sure that the bear season is over.
Crypto This Week: US CPI Data and Trump-Xi Summit Loom | Crypto Watch Desk
Bitcoin Leads Institutional Flows
Global cryptocurrency investment funds logged $858 million in net inflows during the latest reporting week, marking six consecutive weeks of positive capital flows and reinforcing a structural shift toward institutional adoption of digital assets.
Data from CoinShares shows major asset managers, including BlackRock, Fidelity, Grayscale, Bitwise, ProShares, and 21Shares, continuing to deploy capital into crypto products as the regulatory environment stabilizes.
The trend has been building since early May 2026, when weekly inflows reached $1.1 billion, the largest single-week figure since January. The $858 million reading demonstrates that institutional demand has held firm even amid macroeconomic headwinds, including oil prices above $100 per barrel and geopolitical tensions surrounding the Hormuz blockade.
Global cryptocurrency investment funds logged $858 million in net inflows during the latest reporting week, marking six consecutive weeks of positive capital flows and reinforcing a structural shift toward institutional adoption of digital assets. Bitcoin-based products dominated inflows during the period.
Coinbase Q1 Results: $394M Loss, 14% Layoffs, Outage, Institutional Competition | Crypto Watch Desk
Crypto markets may be heading into a turbulent week
But crypto markets may be heading into a turbulent week, caught between escalating US-Iran tensions, the US-China Beijing meeting, Donald Trump's renewed tariff push, and a series of high-impact US economic releases.
The Trump-Xi summit on May 14-15 is a key event for US-China relations, but Iran is expected to dominate the agenda. Treasury Secretary Scott Bessent confirmed Iran will be a major topic in Beijing. That leaves little room for trade issues such as tariffs and rare-earth supplies. China recently hosted Iran's foreign minister, the first such visit since the war started in late February, signaling Beijing may seek a mediator role. Markets are watching closely, as the outcome could move global trade and financial markets.
A Packed US Economic Calendar
Macro data will compete for attention throughout the week. Key releases and events include:
- Tuesday: February/March Consumer Confidence, S&P Global Services PMI, JOLTS Job Openings
- Wednesday: Nvidia earnings, US Crude Oil Inventories
- Thursday: Initial Jobless Claims
- Friday: PPI Inflation, PCE data, Michigan Consumer Sentiment, Q1 GDP
Wednesday's Nvidia earnings report carries weight beyond equity markets.
As a bellwether for AI infrastructure demand, a disappointing result could ripple into AI-linked crypto tokens, while a strong beat may provide a lift to risk appetite more broadly.