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Key Highlights

• BMW shares gained more than 6% following first-quarter performance that exceeded analyst projections for margins and cash generation
• Pre-tax earnings of €2.3B surpassed the €2.2B analyst estimate, even with a 25% year-over-year decline
• Automotive EBIT margin reached 5%, exceeding the projected 4.7%
• Automotive free cash flow surged to €777M, nearly doubling from the prior year as capital expenditures declined significantly
• The company reaffirmed its full-year automotive EBIT margin guidance of 4–6%

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BMW delivered first-quarter 2026 pre-tax earnings of €2.3 billion, surpassing the analyst consensus estimate of €2.2 billion. Shares reacted positively, gaining over 6% during Wednesday’s trading session to reach approximately €82.

BMW kept its 2026 outlook unchanged, with strong Europe demand helping offset weakness in China.

Its auto EBIT margin was 5% in Q1, while the company said order intake in Europe hit a record.

BMW also said tariffs will cut its auto margin by about 1.25 points this year. pic.twitter.com/QKC71rUg5V

— Wall St Engine (@wallstengine) May 6, 2026

Consolidated revenue declined 8.1% to €31 billion, while EBIT tumbled 36% compared to the same period last year, settling at €2 billion. Despite these challenging headline figures, market participants focused on more encouraging underlying metrics.

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The automotive division emerged as the performance driver. Its EBIT margin reached 5.0%, exceeding analyst expectations of 4.7% and remaining well within BMW’s annual guidance range of 4–6%.

Bayerische Motoren Werke AG, BMW.DE

The motorcycle division also delivered strong results, achieving an 11.4% margin.

Cash generation proved to be another positive catalyst. Automotive free cash flow climbed to €777 million—nearly twice the previous year’s level—supported by significantly reduced capital expenditure, which fell from €2.83 billion to €1.73 billion as electric vehicle platform investments began to plateau.

BMW projects full-year automotive free cash flow will surpass €4.5 billion.

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The financial services segment represented the weakest area of the report. Pre-tax profit in this division declined 41% to €381 million, impacted by provisions related to a motor finance compensation program in the UK. Most analysts viewed this charge as non-recurring.

Delivery Volumes Face Headwinds

Worldwide deliveries decreased 3.5% to approximately 566,000 vehicles during the first quarter. China continues to present the most significant challenges—sales in that market fell 12.5% throughout 2025, and BMW anticipates volumes will remain essentially flat in 2026.

Battery electric vehicle deliveries contracted 20% during the quarter, reflecting changing consumer preferences and subsidy modifications across major markets.

US deliveries of BMW and MINI brands declined 4.3% to 90,492 units. The 25% US import tariffs on European vehicles present ongoing challenges, though BMW’s Spartanburg manufacturing facility in South Carolina offers partial mitigation.

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Its Chinese-manufactured Mini vehicles continue to face EU anti-subsidy tariffs, adding costs in the low hundreds of millions of euros.

Stock Valuation and Expert Perspectives

At present price levels, BMW trades at approximately 6.4 times trailing twelve-month earnings. The stock’s 52-week trading range spans from €70.94 to €97.92, positioning it considerably below its recent peak.

An anticipated dividend of €4.40 per share is scheduled, with the ex-dividend date set for May 14—translating to approximately a 5.7% yield at current valuation.

Morgan Stanley confirmed its overweight recommendation, highlighting enhanced cash generation capabilities and favorable margin trajectory.

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JP Morgan maintains an overweight stance with a €100 price objective. RBC Capital Markets holds a neutral rating with an €84 target, citing concerns around raw material pricing and foreign exchange volatility.

Bernstein reaffirmed its buy recommendation on May 4. The consensus analyst price target stands at €91.59, with 10 buy ratings and four sell recommendations among covering analysts.

BMW confirmed its annual guidance, projecting group pre-tax profit will decline an additional 5–9.9% from the €10.2 billion recorded in 2025.

Mercedes-Benz is scheduled to release its Q1 2026 results soon, providing a benchmark for evaluating how German luxury automakers are navigating comparable tariff pressures and China market challenges.

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Today, bitcoin (BTC) neared $83,000, a level it hasn’t seen since late January.

And according to on-chain analytics firm Santiment, the uptick has positively affected market sentiment, helping push up the prices of several tokens and stirring whispers that altcoin season may be coming.

Altcoins Are Stirring After Bitcoin Clears Key Level

Data shared by Santiment on May 6 showed tokens such as Toncoin (TON), Internet Computer (ICP), Cardano (ADA), SUI, ONDO, and Hyperliquid (HYPE) opening the week in positive territory.

“Some mild whispers of altseason are beginning to emerge,” wrote Santiment. “Bitcoin’s own emergence above $81.7K has allowed profits to begin trickling into long-dormant projects.”

Its internal screener showed daily gains of up to 17% for ICP and 16% for TON, while ONDO and ADA posted more modest moves near 5%. On a seven-day view, ONDO climbed roughly 23%, ICP added 16%, and Dogecoin (DOGE) gained around 15%.

One of the biggest performers was Zcash (ZEC), which went up by nearly 40% in the last 24 hours and 76% over the past week, per CoinGecko data.

Analyst Darkfost also shared some information regarding the altcoin setup, pointing out that their market cap, excluding Bitcoin and Ethereum, tracked as TOTAL3 had risen by approximately 15% from its low in February.

In addition, he said that 11.7% of alternative cryptocurrencies listed on Binance have now reclaimed their 200-day moving average, up from just 2.3% in early February, and called it “an initial signal of recovery.”

Their trading volumes on Binance have also improved, with their share relative to combined BTC and ETH volumes rising from 31% to 49% over the past two months.

Still a Long way From Full Rotation

The broader picture is still firmly in bitcoin’s favor, considering that BTC dominance is currently sitting at around 58.6% per CoinGecko, while CoinGlass’s Altcoin Season Index, which measures how many of the top 100 tokens have outperformed BTC over a rolling 90-day window, sits at 40 out of 100.

A confirmed altseason requires a reading above 75. Put simply, the majority of altcoins are still losing ground to bitcoin when you zoom out.

Additionally, the alternative coins currently garnering the most interest are also selective, clustering around only a handful of themes like AI, DeFi projects, and some old layer-1 networks, which have been overlooked for many months now.

According to Darkfost, the recovery in altcoins is “moderate.” He further said, “This type of shift can precede a more pronounced rotation phase within the market,” even though he didn’t outrightly claim that such a change was already underway.

The post Bitcoin Shoots Past $82K, Fuels Altseason Speculation appeared first on CryptoPotato.

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Ripple CEO Brad Garlinghouse is in the news after he used his XRP Consensus 2026 stage to do something unusual. He explicitly says, “I’ve never been an XRP maxi,” adding directly, “I want Bitcoin to succeed.” The remarks land as BTC reclaims $81,000.

Ripple executive publicly backing Bitcoin’s upside while Bitcoin is actively reclaiming a pivotal level is a strategic signal on where the industry’s center of gravity is heading.

Discover: The latest institutional XRP developments and what they mean for price

Decoding Garlinghouse Signal

Garlinghouse’s argument is straightforward and structural. He noted that the crypto industry does not consolidate around one chain; it expands into a multi-chain ecosystem where distinct networks serve distinct purposes.

Glassnode reports a +199.1% surge in spot CVD over the past week, indicating that aggressive spot buying is driving BTC’s recovery above $78K. Market correlation between spot demand and price structure is what precedes altcoin rotation. When spot CVD spikes on Bitcoin, history shows risk appetite expands across the asset class.

Garlinghouse confirmed he holds Bitcoin and Ethereum alongside XRP, and has actively lobbied against a Bitcoin-only U.S. crypto reserve framework. When the Trump administration initially floated a BTC-exclusive reserve, Garlinghouse pushed policymakers toward a multi-asset model.

That lobbying effort was validated when the U.S. Treasury formally endorsed a multi-asset reserve approach. And it’s not just the U.S government, but more than 200 entities across the world.

Discover: The best pre-launch token sales

Beyond XRP News: Ecosystem Unity Matters More Than Maxi Loyalty

Bitcoin’s dominance effect on altcoins is a recurring market pattern. BTC ETF inflows historically precede altcoin rallies by two to four weeks as institutional capital uses Bitcoin as the on-ramp before rotating into higher-beta assets.

Garlinghouse’s Ripple $1.2 billion in On-Demand Liquidity volume using XRP in Q1 2026, up 45% year-over-year, driven by new corridors in Brazil and Japan. Ripple also announced, as reported in the news, a $500 million investment in AI-driven custody solutions, integrating both XRP and BTC for institutional clients, making the ecosystem-unity thesis operational.

Messari analyst Ryan Selkis framed it cleanly: “BTC at $78K lifts all boats; XRP’s utility shines in a rising tide, not isolation.” Tribalism is a retail-era relic. Institutional capital does not pick sides; it allocates across correlated assets based on risk-adjusted return.

Discover: The best crypto to diversify your portfolio with

The post XRP News: Garlinghouse “I’ve never been an XRP maxi” Comment Could Supress XRP Price appeared first on Cryptonews.

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Bitcoin (BTC) climbed back above $82,000 on Tuesday, recovering ground last held in late January, as CNBC’s Jim Cramer told viewers US equities had cooled enough to support another leg higher.

BTC traded near $82,450 on Binance, up roughly 1.9% on the day. Cramer flagged compute-AI, financials, travel and leisure, and Middle East rebuild manufacturing as likely sector leaders if the rally extends.

Cramer’s Reset Call Lands as Bitcoin Tests its Recovery Line

Cramer’s mid-April warning that US markets had become extremely overbought has shifted. The CNBC host now says equities are no longer stretched and could push higher.

His sector list led with compute and AI infrastructure plays. Financials, travel and leisure, and US manufacturers tied to Middle East reconstruction rounded out the picks.

The framing matches earlier Cramer commentary that the AI buildout is reshaping equity leadership.

“The computer-driven economy doesn’t care much about oil or interest rates,” said Cramer.

For Bitcoin holders, his macro reset matters because BTC has tracked US risk assets closely through this cycle.

Spot Bitcoin ETFs pulled in $2.44 billion in April, the strongest monthly figure since October 2025.

BTC Reclaims its Bull Market Support After months below

The move above $80,000 on May 4 was the first since January 31. Bitcoin had tested that level twice in 2026 and been rejected both times.

The reclaim also pushed price back above the bull market support band that had capped every recovery attempt since November 2025. Analysts treat that band as a regime line between bear and bull conditions.

The 200-day EMA near $82,108 sits just below current price. Holding it on a daily close would mark the first such reclaim since the post-record-high decline began in late 2025.

Daily RSI(14) sits at 71.30, just inside overbought territory. The signal cuts both ways, showing fresh momentum but also raising the odds of a near-term cooldown.

Inverse Cramer Chatter and Macro Skeptics

Replies to Cramer’s reset have leaned heavily on the inverse-Cramer trade. Traders cited recent Nasdaq and S&P 500 volatility as evidence that the technical reset may not hold.

The skepticism is not new. Cramer’s flips between bullish and bearish on Bitcoin have made his calls a contrarian indicator for parts of the trading community.

The Middle East thread carries its own complications. The Trump administration has pitched Kuwait, Bahrain, and the UAE on using American firms for reconstruction, with energy rebuild costs alone estimated at roughly $25 billion by Rystad Energy.

Total Gulf reconstruction tied to the Hormuz crisis fallout could run between $100 billion and $250 billion over a decade, according to industry estimates.

That spending pipeline is what Cramer says US manufacturers are positioned to capture.

The next test for BTC is whether it can hold the 200-day EMA into the weekend.

A daily close above it would confirm Cramer’s risk-on framing for the bulls. A rejection would hand the inverse-Cramer crowd another data point.

The post Jim Cramer’s Reset Call Could Impede Bitcoin Move Reclaiming Its Bull Market Support appeared first on BeInCrypto.

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The cryptocurrency market continued its upward move, and Zcash (ZEC) is the best-performing top-100 digital asset today (May 6).

The massive resurgence has reignited bullish sentiment among analysts, with some eyeing an explosion to a potential all-time high in the short term.

The Start of a New Bull Run?

Earlier today, ZEC climbed to almost $600 after posting a 40% daily increase. This represents the token’s highest level since November last year, while its market capitalization exceeded the $10 billion milestone. In other words, ZEC has reclaimed a spot among the 15 biggest cryptocurrencies after flipping Cardano (ADA), Monero (XMR), Bitcoin Cash (BCH), and other popular altcoins.

The sudden move north was likely triggered by Tushar Jain’s (Co-founder and Managing Partner of Multicoin Capital) recent announcement. He revealed that his entity has built a significant position in ZEC since February and highlighted the project’s privacy focus.

“We believe that truly private, censorship and seizure-resistant assets have a clear product-market fit and demand is accelerating. We believe ZEC is the cleanest way to express this thesis in public markets,” his post reads.

Of course, another possible catalyst could be the green wave passing through the broader cryptocurrency market. Bitcoin (BTC) has surged past $82,500, while numerous altcoins such as Dash (DASH), Toncoin (TON), Filecoin (FIL), and Internet Computer (ICP) have jumped by double digits over the past 24 hours.

Many analysts expect ZEC’s rally to continue in the coming weeks and months. X user WIZZ, for instance, predicted that the asset’s price could reach a four-digit range later this year, marking a new all-time high.

For his part, Ardi paid attention to the $550 level, describing it as “the macro lower-high resistance area” that stopped the prior breakout attempt in December 2025. As mentioned above, the valuation climbed above that zone, and it will be interesting to see whether it now heads into uncharted territory.

Meanwhile, on-chain activity also points to growing confidence among traders. According to Lookonchain, a newly created wallet opened a 10x long position on 5,000 ZEC (worth $2.64 million). Such aggressive leveraged positions signal that some market participants expect further upside, adding another layer of bullish momentum to the breakout.

The Risks Remain

The crypto sector might have been on an evident uptrend lately, but that doesn’t guarantee that the bear market is over. This means that ZEC, alongside many other digital assets, could head south just as sharply should the bulls lose momentum.

The asset’s Relative Strength Index (RSI) should serve as another warning. The ratio has skyrocketed to 96 (out of 100), indicating the price has increased too much in a short period and could be on the verge of a pullback. Conversely, readings below 30 are typically interpreted as buying opportunities.

The post Zcash (ZEC) Explodes 40% Daily: What Drives the Pump and What’s Next? appeared first on CryptoPotato.

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Bitcoin (BTC) buyers resumed their activity during the early Asian trading hours on Wednesday, pushing the price to a new multi-month high of $82,240.

Onchain indicators, including the short-term holder (STH) cost basis, suggest that the BTC price can go higher, with the next big target at $92,000. 

Key takeaways:

• Bitcoin holders are back in profit, increasing the chances of reaching $92,000.
• BTC bulls must overcome resistance at $84,000 to continue the uptrend. 

Bitcoin price eyes $92,000 next

Data from TradingView shows that BTC/USD had risen 37% to trade above $82,000 from its multi-month low of $60,000 reached on Feb. 6.

This rally has seen Bitcoin rise above the cost basis of its short-term holders, currently at $79,000, according to data from Glassnode.

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STH cost basis refers to the average purchase price of investors who have held Bitcoin for less than 155 days.

Historically, reclaiming this level has coincided with extended recovery phases, as investors returning to profit are often less inclined to sell and more willing to add exposure. The shift can also attract fresh buyers and trigger short squeezes as bearish positioning unwinds.

Related: Bitcoin in ‘disbelief rally’ as traders spot $84K BTC price target

The chart below shows that when the price reclaimed its realized price in April 2025, it rallied 30% toward the upper band of this metric at $112,000 four weeks later. 

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Similar occurrences in October 2024, October 2023 and January 2023 also saw the BTC price rally toward the same onchain level, as shown in the chart below.

If BTC breaks above the line, there is a good chance of seeing $92,423 in the short term, about 13% above the current price.

Bitcoin STH cost basis. Source: Glassnode

“Bitcoin has crossed the coveted ‘short-term holder breakout,’” analyst Mitchell Askew said in a Wednesday post on X, adding:

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“This typically signals the end of bear markets and consolidation periods.”

Bitcoin analyst Plan C said if the price “can find sustained support above this level,” it would confirm that the 50% drawdown from the $126,000 all-time high was just a “mid-cycle correction.” 

Meanwhile, Bitcoin’s STH spent output profit ratio (SOPR) has flipped positive, showing early signs of a shift in market behavior.

The metric is “back above 1, which usually means recent buyers are back in profit and selling pressure is easing,” analyst BitBull said in a Wednesday post on X, adding:

“This is where markets often move from accumulation into early bullish phases.”

Bitcoin STH SOPR. Source: BitBull

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As Cointelegraph reported, several technical indicators suggest that Bitcoin’s bottom is in, with analysts setting targets as high as $250,000 within a year. 

Bitcoin’s price needs to flip $84,000 into support

Bitcoin’s bullish weekly close above the 20-week exponential moving average and true market mean at $78,300 has convinced traders it can move higher from current levels.

Analysts say the continuation of Bitcoin’s rally now hinges on breaking above the $82,000-$84,000 supply zone. 

Bitcoin is retesting the low $80,000s region, which “corresponds with the November lows and the Daily 200MA/EMA coming in a bit higher,” trader and analyst Daan Crypto Trades said in his latest Bitcoin analysis on X.

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Note that the 200-day EMA and the 200-day simple moving average are at $82,600 and $83,402, respectively.

This is a “big level” for Bitcoin bulls, the analyst said, adding:

“Acceptance higher can lead to a further bounce back into the $90Ks, but a rejection will likely keep this rangebound with $80K as the ceiling for a while.”

BTC/USD daily chart. Source: X/Daan Crypto Trades

MN Capital founder Michael van de Poppe shared a chart showing $84,000-$86,000 as the “next resistance zone,” which, if broken, could potentially see Bitcoin “continue to the 50-Week MA around $90K.”

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Meanwhile, Bitcoin’s whale order book showed “big ask orders concentrated” between $82,000-$84,000, making it a crucial level for the bulls to overcome.

Bitcoin whale order book. Source: CoinGlass

As Cointelegraph reported, the BTC/USD pair may rise as high as $92,000 if resistance at $84,000 is broken.

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South Korea’s KOSPI broke through 7,000 for the first time in history on Wednesday. The index closed 6.45% higher at a record 7,384.56 in a rally driven by surging demand for artificial intelligence (AI) chips.

The benchmark is up roughly 75% year-to-date after gaining 76% in 2025, its strongest year since 1999.

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Notably, Samsung Electronics jumped 14.4%, lifting its market value above $1 trillion. It has become the second Asian company, after Taiwan Semiconductor Manufacturing Company (TSMC), to reach that mark.

SK Hynix climbed 10.6% to a fresh all-time high. Together, the two companies account for roughly 44% of the KOSPI’s total market capitalization.

Global demand for artificial intelligence hardware has emerged as a key driver shaping equity market performance. Meanwhile, easing tensions between the United States and Iran have further supported risk sentiment across Asian markets.

Bullish Bets on iShares South Korea ETF Surge 600% in Weeks

Meanwhile, South Korea’s manufacturing purchasing managers index (PMI) rose to 53.6 in April, the highest reading since February 2022. At the same time, exports climbed for an 11th straight month in April. The data has anchored the rally in fundamentals.

Bullish positioning on the iShares MSCI South Korea ETF (EWY) has also reached extreme levels. Call option notional open interest hit a record $5.5 billion last week. The Kobeissi Letter described the shift in a recent X post.

“The total dollar value of outstanding bullish bets has risen +600% over the last several weeks. To put this into perspective, weekly call open interest did not exceed $700 million before 2025,” the post read.

Net inflows into EWY have reached approximately $6.3 billion year to date. The fund has gained 68% in 2026 and surged 181% over the past 15 months, making it the top-performing major equity market globally.

The Kobeissi Letter said investors are positioning for further upside in South Korean equities.

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The post South Korea’s KOSPI Breaks 7,000 Ceiling To Hit a New Record High appeared first on BeInCrypto.

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Bitcoin just broke $82,000, but the real edge isn’t the prediction of where the price is going. It’s in knowing when it moves. Three months of session data reveal a surprisingly consistent internal rhythm to BTC’s recovery that most traders are simply sleeping through.

The data from Velo shows Bitcoin’s 31% rally since February 6 has been anything but evenly distributed across the clock. APAC hours (00:00–08:00 UTC) have contributed 13% of that move. The U.S. session (16:00–00:00 UTC) added 11.5%. Europe? A comparatively muted 6.5%. And within APAC, the single best-performing hour is the midnight UTC candle, averaging 0.10% per hourly close over the full period. Small number. Consistent edge.

Discover: The best crypto to diversify your portfolio with

Bitcoin Price Prediction: Break $89,000 This Week??

Bitcoin’s current technical setup is constructive. Price held above $80,000 support before it rallied toward $82,000 hours ago. The 24-hour range shows compression with 12 buy signals versus 7 sell signals across 23 oscillators and moving averages according to aggregated technical models.

The high of $89,000 is the resistance ceiling; a confirmed close above it would validate a renewed uptrend. If ETF inflows accelerate and the APAC session can maintain its momentum, BTC could test $89,500 in the mid-term. However, a daily close below $75,000 reopens the February lows near $63,000.

U.S. hours were flat-to-negative through most of February and March, then flipped decisively positive in early April. That pivot likely shows that institutional positioning is rotating into the New York session, which could compress the APAC edge over the coming weeks.

Discover: The best pre-launch token sales

Bitcoin Hyper Targets Early-Mover Upside as BTC Rallies

Bitcoin at $82,000 with $89,000 still uncaptured raises a fair question: how much asymmetric upside remains for spot BTC at this price? Institutional desks are already positioned. Retail is watching.

The magnitude of the next leg may disappoint latecomers relative to the risk being taken at current prices. That dynamic is exactly why some capital is rotating toward earlier-stage Bitcoin infrastructure plays.

Bitcoin Hyper ($HYPER) is positioning itself at that intersection, billing itself as the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, targeting faster-than-Solana transaction finality while preserving Bitcoin’s security layer.

The presale has raised $32.5 million at a current price of $0.0136, with staking available for early participants. Bitcoin’s programmability problems, like slow transactions, high fees, and no smart contracts, are solved at the infrastructure level rather than patched at the application layer.

Research Bitcoin Hyper’s full presale terms before allocating capital.

The post Bitcoin Price Prediction: The Hidden Timing of Daily Pump-and-Dump Cycles appeared first on Cryptonews.

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