Bitcoin Climbs to $106,000, Golden Cross Signals Rally, But Is Death Cross Here?

Bitcoin climbed close to $106,000 today and even hit $107,000 briefly before pulling back.

Bitcoin price today, May 26: BTC struggles to hold $105K despite strong rally, golden cross in sight

Bitcoin (BTC) price today, May 26: BTC pulled back slightly from its morning high of $107,000, and it is currently trading at around $105,800. The cryptocurrency is showing resilience amidst a broader market weakness, with major indices and gold struggling to maintain gains.

Among altcoins, Ethereum price today saw a rise of 5%, leading the way in the crypto market’s recovery. Solana, XRP, BNB, and Dogecoin are following closely with gains of 2-4%.

Bitcoin price poised for golden cross, but is death cross here?

Experts are noticing that Bitcoin is about to form a “golden cross”, a classic bullish indicator that could signal a strong rally in the next few days. The last two times it happened, Bitcoin surged 121% and 68%.

Now, all eyes are on if Bitcoin could reach $110K if the golden cross appeared. Or, it could form at a lower price. If so, will altcoins perform even better?

However, one analyst has been analyzing a different pattern. Benjamin Cowen noticed that every time Bitcoin goes through a “death cross”, that is when the 50-day moving average drops below the 200-day, it often hits a local low right around then.

This happened in Q3 of both 2023 and 2024, and again in Q2 this year (2025). Now, if Q3 is weak again this year, Bitcoin could dip one more time and more downside might be coming.

Is Bitcoin losing strength?

Analyst Ali Martinez also pointed out that Bitcoin might be losing strength after facing strong resistance. Momentum indicators like the RSI and MACD are showing signs of weakness, which shows the momentum is fading even as the price rises.

On the flip side, Bitcoin ETFs in the U.S. saw a massive $667 million inflow on Friday, the biggest in over two weeks, which shows strong institutional interest is back.

Data from Farside Investors shows that the spot BTC ETFs have recorded inflows in 18 out of 21 days, bringing in $6.9 billion in capital in just three weeks. It seems the recent selloff in the U.S. stock market has spurred more institutional investors to turn to alternative assets like Bitcoin.

Crypto market today, May 26: ETH leads altcoins as SOL, XRP, BNB rally 2-4%

World's largest cryptocurrency exchange Binance is shutting down its VeraScan service for monitoring and detecting illicit activity in crypto transactions. The move comes amid increased scrutiny from authorities on crypto platforms to prevent money laundering and other financial crimes. VeraScan, which was launched in 2023, was designed to help crypto companies comply with rapidly changing regulations and identify suspicious activity.

The service used machine learning algorithms to analyze various data points, including transaction history, user behavior, and external intelligence feeds, in order to detect anomalies and potential risks. It also provided advanced analytics and visualization tools to help companies monitor their compliance status and make informed decisions.

However, Binance will be closing the service on June 15 and will no longer offer it to other crypto companies. A Binance spokesperson told CoinDesk that the decision was made "due to changing internal priorities and resource allocation." The service will be fully discontinued on June 15, and Binance will no longer offer it to other crypto companies.

The move comes as Binance is facing increasing scrutiny from authorities around the world over its operations. In March, the U.S. Securities and Exchange Commission (SEC) sued former Binance Chief Legal Executive, stated that the crypto exchange was "willfully engaging in conduct that flouts the U.S. securities laws."

Earlier this year, Binance also pulled out of the French market after regulators raised concerns about the exchange’s ability to meet local requirements for registration.

Despite these challenges, Binance remains the world's largest cryptocurrency exchange by trading volume. The exchange is also a major player in the decentralized finance (DeFi) space.

According to a latest analysis by Cryptoquant, Bitcoin’s latest rebound looks healthier than past rallies.

In earlier bull runs, when Bitcoin hit a new high, it quickly overheated, then crashed soon after. But this time, Bitcoin is bouncing back with no warning signs, the buying activity and market conditions look balanced. This shows that the market is building strength steadily and not just rushing through hype and Bitcoin could break its all-time high again more sustainably this time.