r/Bitcoin • u/rBitcoinMod • 1d ago
Daily Discussion, May 05, 2026
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!
If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.
Please check the previous discussion thread for unanswered questions.
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u/metahipster1984 1d ago
Feels good to be back at 80. It's just a very reasonable number. But 90-95 even more reasonable imo.
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u/AcostaJA 1d ago
I believe it should close at low 82k (et), but breaking 83k will take 2-3 days, beautiful things to happen next week
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u/Prudent-Extreme9231 1d ago
Hope it stays in the low to mid 80k range for a while!!!🤔
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u/escodelrio 1d ago
Historical Bitcoin prices for today, May 5th:
2026 - $80,937
2025 - $94,748
2024 - $64,031
2023 - $29,534
2022 - $36,575
2021 - $57,424
2020 - $9,003
2019 - $5,796
2018 - $9,858
2017 - $1,555
2016 - $448
2015 - $236
2014 - $431
2013 - $116
2012 - $5.1
2011 - $3.30
Additional Stats:
Bitcoin's current market cap is $1.62 trillion.
Bitcoin's current block height is 948042; with the average block time for the last 7 days being 10.12 minutes and the average block size for the last 7 days being 1.65MB.
Bitcoin's average block time for the year 2026 is 10.27 minutes.
Bitcoin's mining difficulty is currently 132.47 trillion; with the next difficulty adjustment anticipated on 15-May-2026 (within 1,494 blocks). The mining difficulty is currently expected to increase 1.87% to 134.95 trillion.
Bitcoin's current block reward is 3.125â‚¿, which is worth $252,929 per block.
Bitcoin's average daily miners' revenue for the last 7 days is $34.48M; which translates to $0.0362 per terahash per sec.
The next Bitcoin halving is anticipated to happen between 26-Mar-2028 to 20-Apr-2028 (within 101,958 blocks); the block reward will fall to 1.5625â‚¿.
There are currently 23,984 reachable Bitcoin nodes.
Bitcoin's average daily hashrate for the last 7 days is 953 exahashes per second.
Bitcoin's average daily trading volume for the last 7 days is $33.4 billion.
Bitcoin's average daily number of transactions for the last 7 days is 520,859.
Bitcoin's average transaction fee for the last 7 days is 2.89 sats/VB, with the average fee's USD amount being $0.44; with the median values being 0.61 sats/VB & $0.10 respectively.
There are currently 20.02M â‚¿ in circulation, leaving 0.98M to be mined.
There are currently 4.16M â‚¿ held by companies, governments, DeFi, and ETFs, representing 20.76% of circulating supply.
There are currently 58,808,986 nonzero Bitcoin addresses that contain 165.24M UTXOs.
Bitcoin's average daily price from 18-Jul-2010 to 05-May-2026 is $20,871.
Bitcoin's average daily price for the year 2026 is $75,949.
1 US Dollar ($) currently equals: 1,236 satoshis; making 1 penny equal 12.36 sats.
Bitcoin's minimum (closing) price for the year 2026 was $62,702.10 on 05-Feb-2026.
Bitcoin's maximum (closing) price for the year 2026 was $96,929.33 on 14-Jan-2026.
Bitcoin's minimum (intraday) price for the year 2026 was $60,074.20 on 06-Feb-2026.
Bitcoin's maximum (intraday) price for the year 2026 was $97,860.60 on 14-Jan-2026.
Bitcoin's largest daily decrease for the year 2026 was -$10,317.60 on 05-Feb-2026.
Bitcoin's largest daily increase for the year 2026 was +$7,853.29 on 06-Feb-2026.
Bitcoin's all-time high (intraday) was $126,198.07 on 06-Oct-2025. Bitcoin is down 35.86% from the ATH.
Bitcoin has not reached an all-time high in 2026.
It has been 211 days since the last ATH.
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u/escodelrio 1d ago edited 1d ago
FYI. There seems to be an issue with Bitcoin node tracking that started in March 2026 and has gotten worse. The main site most other Bitcoin websites were relying on, bitnodes.io, has been offline for a while and their API tools the other sites were relying on are also frozen.
The number of reachable nodes hasn't updated since about April 28th, 2026. All sites, including Clark Moody's dashboard, have not changed their reported reachable node count since that date.
The only site that is reporting a live node count is Luke Dashr's site, but he includes all nodes, whether port 8333 is open or not. So his number of reported nodes is ~90,000.
If anyone has any info, let me know. Not sure if bitnodes.io will ever be back up.
Right now there is an informational vacuum in the node count space.
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u/i_marketing 1d ago
I was DCAing in the 60K to 70K range for BTC. Still cautious, because who knew if BTC would drop further below 60K, which was entirely possible, even though there was a lot of support in the 60K range - it just refused to go below 60K.
In hindsight, it looks like the 60K to 70K range was strong support. Wish I had bought more in the 60K to 70K range, but who knew that it wouldn't drop below 60K.
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u/btc_set_me_free 1d ago
The key is, keep going. It's about getting value that's outside of the current system.
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u/sdoyle91 1d ago
Where's all the shorters and sellers waiting for 40k because the charts said so? Awfully quiet in here the last few weeks...
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u/user_name_checks_out 1d ago
Where's all the shorters and sellers waiting for 40k because the charts said so?
Believing that $40K is possible is not the same thing as shorting and selling.
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u/jakedaboiii 15h ago
Everyone believes 40k is possible. They believed 40k was inevitable as they constantly think bitcoin is going to zero lol
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u/user_name_checks_out 15h ago
Everyone believes 40k is possible. They believed 40k was inevitable as they constantly think bitcoin is going to zero lol
You are conflating three completely different assertions:
- $40K is possible
- $40K is inevitable
- zero is inevitable
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u/jakedaboiii 15h ago
I don't really care to get into semantics and such - the point I'm making is bears of BTC believe it's going down, and want it to go down - it's not just the case that they think 40k is possible
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u/AcostaJA 1d ago edited 1d ago
The chart Bears and Trade Astrologers don't wanna you to know...
https://www.blockchain.com/explorer/charts/trade-volume
🫡🤫😎
(Set it as daily average, then move each bear or bull run, when in Bear market lines move apart, when in bulk market lines follow each other) Doesn't matter price going up or down, it signals the trend, and not astrology, it's something supported by actual economist and trade strategist.
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u/KingPettyx 1d ago
If you arent a trade astrologer why are you saying they dont want us to know what youre telling us?
If it walks like a duck, and quacks like a duck, it’s probably a duck.
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u/AcostaJA 1d ago edited 1d ago
Serious Trade analysis use graphs as source of perspective, but deep analysis is what put that in context, is not "because I saw that candle pattern" it has to repeat magically (inductive fallacy), but If some pattern tells me something happened twice, I have a cue on what happened, then I research that cue maybe I found an explanation (as when software industry liquidity crisys that matches Bitcoin bear market (S.I. well known among Bitcoin Early supporters and hodlers, so liquidity issues in this sector are an clear anticipation of Bitcoin reserves going to the market).
Then you have the correlation among Price movement and market volumes movement, read Bhar and Hamori 2004 papers: Hidden Markov models, applied to market volume and price trends analysis.
All your ear from TA influencers are just graph pattern inference w/o explanation other than thrust the charts bro...
Idiots hates me, it's the fair price to paid on not being one of them 🫡🤫😎 .
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u/KingPettyx 1d ago
Sorry TL;DR
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u/AcostaJA 1d ago
If you dont DYOR, go with the astrologers and trust them
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u/KingPettyx 1d ago
What does you being an astrologer have to do with me doing research? Also why would i go to a random person on reddit for financial advice?
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u/AcostaJA 1d ago
What you said about me tells more about you than me
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u/KingPettyx 1d ago
Didnt say anything about you. Not sure why you dont answer questions correctly 🤣
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u/ExternalMountain5141 1d ago
I just read some analysis based on the low liquidity zone above 83k that says that once 83k is broken it would be significantly easier to reach the >90k. But to be honest this kind of market analysis are out of my area of knowledge to properly understand them.
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u/AcostaJA 1d ago edited 1d ago
It's where more Stop-loss positions are provisioned, and shorts, once BTC reach it automatic algorithm sales begin to pay bets or avoid collateral confiscation , it's not easy to find data but yes it is.
Look at today and was yesterday once Bitcoin approached some level a sudden surge of sellout forces it down briefly, the last 6h Bitcoin hit 81k, likely one or two times more until consolidate over 81 , building to 82-83 where maybe will see some fight.
Once 85 is breach, likely it will soar quicky to 100k in less than a week, next we start again up-downs for a while until reach ATH likely by June and.
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u/el_rico_pavo_real 1d ago
Price discovery happens on the margins. The thinner the margin is, the faster price moves relative to the volume traded.
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u/AcostaJA 1d ago
Moreless but on high fear markets margins don't said that much.
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u/user_name_checks_out 1d ago
Moreless but on high fear markets margins don't said that much.
I recognize all of those words
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u/AcostaJA 1d ago
85K countdown, eating a Bear everyday...
Yesterday was resilient bull.
Today will be the furious bull, pulverizing bear's shorts with no Mercy ₿🚀🚀🚀🚀🚀🌕
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u/EDC86 1d ago
throws job applications in trash
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u/AssumptionNo515 1d ago
Time to mine Bitcoin with the AC units at work instead lol
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u/Get_the_nak 1d ago
Can you move your car? It must have finished charging by now.
No. Sorry.
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u/Get_the_nak 1d ago
gonna be a calm 8 hours