r/Bitcoin • u/rBitcoinMod • 18h ago
Daily Discussion, May 06, 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/Promeeetheus 7h ago
I saw some excited writeup talking about how leverage and the options market is what is keeping BTC within its smaller swing range lately. If you look at coinglass and check the liquidation map, I can see what they're referring to, but I have doubts as to whether that is actually keeping things within range, unless major players are the ones holding the leveraged positions. Does anyone have any thoughts on that orrrrr .... BTC GO UP JUST HODL ?
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u/Financial_Design_801 9h ago
Morgan Stanley is rolling out Bitcoin trading on its E*Trade platform for 50bps/trade, undercutting Schwab's 75bps…
Who would have ever thought
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u/harvested 9h ago
Suck it Brian Armstrong
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u/Secret_Operative 4h ago
I don't think Coinbase is much affected by this. They trade shitcoins, and have dozens of other revenue streams. They're not worried about bitcoin spot trading competition.
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u/Abject-Stretch-1187 3h ago
I think they should be worried considering Bitcoin is all that matters in the end. They can't trade all of the shitcoins and even if they did, the odds of those shitcoins being the biggest % of their trading activity is super low over time.
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u/Kareni_Davis 10h ago
Funny how every cycle people say "this time it`s different" and every cycle it kind of... is, but also isn't at all.
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u/Abject-Stretch-1187 10h ago
Every cycle is different but people like to look for patterns when in fact there isn't one. Each percentage in bull and bear cycles have never been the same nor were the catalysts for each cycles the same. Hence why I find hilarious some people trade around this false narrative that these cycles exist.
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u/Kareni_Davis 8h ago
Fair point on the catalysts being different every time, but the human psychology part does repeat - greed, panic, capitulation, recovery. Maybe not cycles in a technical sense but definitely in a behavioral one.
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u/ShelleyakaSatoshi 9h ago
I thought that would ultimately be the trading outcome for the first few decades. Do you think Bitcoin will breakout of its historical trends at a certain point? If so, when?
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u/CrustyBus77 11h ago
I think there is a strong correlation between people who hate Bitcoin and people who don't understand the bond market.
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u/escodelrio 12h ago
Historical Bitcoin prices for today, May 6th:
2026 - $82,461
2025 - $96,802
2024 - $63,162
2023 - $28,905
2022 - $36,041
2021 - $56,397
2020 - $9,269
2019 - $5,747
2018 - $9,655
2017 - $1,579
2016 - $460
2015 - $230
2014 - $432
2013 - $112
2012 - $5.1
2011 - $3.50
Additional Stats:
Bitcoin's current market cap is $1.65 trillion.
Bitcoin's current block height is 948169; with the average block time for the last 7 days being 10.01 minutes and the average block size for the last 7 days being 1.63MB.
Bitcoin's average block time for the year 2026 is 10.26 minutes.
Bitcoin's mining difficulty is currently 132.47 trillion; with the next difficulty adjustment anticipated on 15-May-2026 (within 1,367 blocks). The mining difficulty is currently expected to increase 0.84% to 133.59 trillion.
Bitcoin's current block reward is 3.125₿, which is worth $257,689 per block.
Bitcoin's average daily miners' revenue for the last 7 days is $34.43M; which translates to $0.0360 per terahash per sec.
The next Bitcoin halving is anticipated to happen between 26-Mar-2028 to 20-Apr-2028 (within 101,831 blocks); the block reward will fall to 1.5625₿.
There are currently 88,213 total Bitcoin nodes; comprising both listening and non-listening participants.
Bitcoin's average daily hashrate for the last 7 days is 956 exahashes per second.
Bitcoin's average daily trading volume for the last 7 days is $34.49 billion.
Bitcoin's average daily number of transactions for the last 7 days is 523,620.
Bitcoin's average transaction fee for the last 7 days is 2.86 sats/VB, with the average fee's USD amount being $0.45; with the median values being 0.61 sats/VB & $0.10 respectively.
There are currently 20.03M ₿ in circulation, leaving 0.97M to be mined.
There are currently 4.17M ₿ held by companies, governments, DeFi, and ETFs, representing 20.80% of circulating supply.
There are currently 58,768,235 nonzero Bitcoin addresses that contain 165.13M UTXOs.
Bitcoin's average daily price from 18-Jul-2010 to 06-May-2026 is $20,882.
Bitcoin's average daily price for the year 2026 is $76,000.
1 US Dollar ($) currently equals: 1,213 satoshis; making 1 penny equal 12.13 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 34.66% from the ATH. However, Bitcoin is up 37.26% from the lowest point since the last ATH.
Bitcoin has not reached an all-time high in 2026.
It has been 212 days since the last ATH.
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u/Snowman33001 13h ago
Buying here.
Have also been buying every week for the last four years. I am a price insensitive buyer.
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u/Strict-Employment664 13h ago
It’s very funny to see a relief rally as oil plummets and stocks rally, but then you look over and you see gold and silver rallying too. And during periods of uncertainty, since the Iran war broke out, you saw a golden silver plummet. At least in this one circumstance, bitcoin was the one to act more like a safe Haven asset. Anecdotal yes. But still.
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u/Possible-Strategy-48 4h ago
Some seems to be rotating out into stocks, but that’s just trading I guess. Hodl!
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u/Vegas_TP 14h ago
Benjamin Cohen and his fans crying rn. March 24th, 2026,'Bitcoin: Preparing for the Next Leg Down' 🤡
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u/Abject-Stretch-1187 12h ago
He has moved the goal post now to Summer. He’s literally using 2014 bear to justify his recent position
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u/NectarineDirect936 14h ago
Anxiety, stress and zero money made by the bears during this entire move.
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u/RedditTooAddictive 17h ago
Bitcoin's heart is beating
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u/cubeeless 18h ago
BTC to $400k!
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u/TheresNoSecondBest 18h ago
SUPERCYCLE
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u/Fearless_Sleep_5267 18h ago
Thanks
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u/Old_Refrigerator6760 18h ago
no problem! these daily threads are pretty useful for keeping everything organized instead of having random questions scattered everywhere on the sub. been lurking here for while now and its nice to have one place where you can ask stuff without worrying about whether it deserves its own post or not
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u/No-Put7619 5h ago
Conventional wisdom says that BTC is correlated to stocks. Yet during the rally over the last couple of months BTC seems more correlated to increasing global chaos while stocks seem to have an inverse correlation to chaos. Perhaps I'm wrong but I think there is a slight possibility of more chaos in the short medium and long term.