U.S. spot exchange-traded funds (ETFs) have recorded their longest outflow streak since launching in January 2024. Investors withdrew around $3 billion from these products over ten consecutive trading sessions.
Bitcoin traded in a sideways range on Saturday after falling to a seven-week low near $72,000 in the previous session, pressured by unresolved tensions between the United States and Iran and weaker demand for exchange-traded funds (ETFs).
Bitcoin ($BTC) is ending May under pressure from sellers: attempts to rise are quickly suppressed. Record outflows from spot funds and uncertainty in external markets are keeping the price near key support levels.
The Bitcoin market is approaching one of the largest options expiries of recent months in a tense state. The price of $BTC has dropped below $74,000, while sellers have gained a noticeable advantage ahead of the settlement of around $9 billion in options. Against this backdrop, market participants are increasingly discussing the possibility of a new decline toward the psychological $70,000 mark.
Bitcoin continues to trade under pressure after losing momentum near the key $80,000 resistance region. The leading cryptocurrency is now holding around $73,500, reflecting growing uncertainty across the broader market. Traders remain cautious as Bitcoin struggles below major moving averages, while derivatives data and spot market activity point to weakening bullish confidence.
As a result of the latest adjustment, mining difficulty increased to 138.96 T (trillion), according to Cloverpool. This means miners need to calculate about 139 trillion hash functions on average to mine the new 3.125 BTC — roughly $229,000 at the current price of about $73,600.
Bitcoin is trading near $73,000 as charts from Man of Bitcoin and CW show $BTC at a short-term decision point. One setup warns that bullish momentum is weakening, while the other shows shorts closing as selling pressure starts to fade.
Bitcoin recovered to the $74,000 level on Friday after falling to an almost seven-week low in the previous session, as reports that the United States and Iran are close to extending a ceasefire agreement improved appetite for risk assets.
Bitcoin price started a fresh decline below the $74,000 zone. $BTC is consolidating and might struggle to stay above the $72,000 support.
The morning drop on May 28 to a session low of $72,642 brought Bitcoin close to locking in an overall loss for May, extending the week-long decline from the May 25 peak of $78,000.
Bitcoin updated its local low, reaching $72,462 — a level not seen since April 13. A convergence of several negative factors put pressure on an already weakened market.
Crypto exchange Kraken has launched a new Bitcoin yield product, offering users annual returns of up to 2.5% on long-term $BTC without the need to interact directly with DeFi protocols. The product, called Bitcoin Vault, operates through Kraken Earn and allows clients to maintain spot exposure to Bitcoin while earning yield in $BTC generated through on-chain lending and liquidity strategies.
Bitcoin’s uptrend against gold, which had lasted for the past three months, was interrupted as investors began to prefer the precious metal as a store of value.
The world's largest Bitcoin treasury and business intelligence firm, Strategy, has revealed its total Bitcoin purchase of 2026, scooping up all Bitcoin mined this year and more.
BlackRock's iShares Bitcoin Trust shed $527.84 million on Wednesday, the second-largest single-day net outflow since the fund launched in January 2024, per SoSoValue data.
Bitcoin dropped $1,600 in 60 minutes on Wednesday, falling below $73,000 for the first time in weeks. Ethereum fell to $1,978, down 4.42% on the day. XRP dropped to $1.28, down 3.56%. The total crypto market cap declined 2.97% to $2.45 trillion.
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