Bitcoin's price fell to its lowest level in two months as selling pressure accelerated and technical analysis highlighted a significant trend line — the 200-week Exponential Moving Average (EMA). According to TradingView data, Bitcoin dropped to $68,771 on the Bitstamp exchange.
Bitcoin dropped below the $70,000 mark for the first time in nearly two months amid concerns surrounding the conflict between the United States and Iran, as well as a rare Bitcoin sale by Strategy, according to Bloomberg.
The cryptocurrency market started the week under strong selling pressure, with Bitcoin ($BTC) falling toward the $70,000 level. Analysts say that the decline has been driven by escalating tensions between the United States and Iran, as well as Bitcoin sales by institutional investors, including Strategy.
Bitcoin dropped to a two-month low on Tuesday, extending recent losses after the largest corporate cryptocurrency holder, Strategy, sold part of its Bitcoin holdings for the first time in nearly four years.
Bitcoin dropped to a seven-week low as hopes for a ceasefire agreement between the United States and Iran began to fade, while oil prices surged sharply higher.
According to the latest data published by Glassnode, the short-term outlook for the Bitcoin market continues to deteriorate. The company stated that Bitcoin is trading around $71,300 and that downside risks remain elevated due to increasing selling pressure in the spot market and accelerating ETF outflows.
Exchange-traded funds (ETFs) investing in Bitcoin and Ethereum ended the final week of May under continued pressure from investor withdrawals, with combined outflows exceeding $1.6 billion as investors reduced exposure to the market's largest cryptocurrency funds.
On May 26, a large investor whose identity remains unknown sold $1.26 billion worth of BlackRock's Bitcoin ETF in a major over-the-counter (OTC) transaction. The entire position was sold below market price, contributing to Bitcoin's decline below the $73,000 level.
According to the latest data, Strategy made its first Bitcoin sale, selling a total of 32 BTC at a price of $77,135 per coin.
In May 2026, the cryptocurrency market ended the month in the red. Bitcoin lost 3.41%, while Ethereum declined by 11.07%, according to CoinGlass data.
The crypto market is suffering from a liquidity drought even as global market conditions show signs of improvement elsewhere. The most evident signal of this drought is the $1.81 trillion in total market capitalization that has exited the market, dampening the overall outlook significantly.
Bitcoin fell on Monday, remaining near a two-month low as risk appetite weakened amid renewed military clashes between the United States and Iran, while hopes for a peace agreement faded.
On May 31, 2026, Bitcoin traded near $73,840, stuck in a narrow range between $73,412 and $74,110, as technical indicators signalled bearish pressure and institutional players moved in opposite directions. Amid rising stablecoin dominance, Tether burning more than $1 billion within 24 hours, and BlackRock selling $2.1 billion worth of Bitcoin over the past ten days, traders are watching several key levels to determine whether the next move will be a recovery or a drop toward $70,000.
Bitcoin traded almost unchanged on Sunday as CME Group launched round-the-clock trading for cryptocurrency futures and options, expanding access to regulated crypto derivatives markets.
Almost 10% of Bitcoin’s total supply could be at risk in the event of a real breakthrough in quantum computing. This is the conclusion reached by Glassnode analysts, who assessed which types of $BTC addresses already expose public keys and could theoretically become vulnerable if modern cryptography were broken.
Bitcoin ($BTC) is ending May under pressure from sellers: attempts to rise are met with aggressive selling, while quotes are consolidating near $74,060.
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