Live markets: Bitcoin slides further, putting two-month winning streak in jeopardy
Analysis
Price Impact
HighThe article explicitly states bitcoin is sliding further and putting its two-month winning streak in jeopardy, indicating a significant price movement.
Trustworthiness
HighPrice Direction
BearishThe article details bitcoin's slide below $72,500, a 5.5% drop over the week, and the potential for a negative month, all pointing to a bearish short-term trend.
Time Effect
ShortThe article discusses current market conditions and the immediate threat to a two-month winning streak, implying a short-term impact.
Original Article:
Article Content:
live Updated just now Live markets: Bitcoin slides further, putting two-month winning streak in jeopardy By Stephen Alpher Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin lower again on Friday (Getty images) just now ยท 2:51 PM Stephen Alpher Share Share this post Copy link X icon X (Twitter) LinkedIn Facebook Email The most recent of the floated Middle East peace deals appears to have more legs than the dozen or so previous ones. Stocks continue to gain, bond yields are easing, and oil has fallen back to close to a three-month low. No bit of news, though, has been able to lift crypto prices. Bitcoin (BTC) has fallen back to $72,500 in morning U.S. trade, down about 0.5% over the past 24 hours and lower by 5.5% over the past week. Other crypto majors are posting similar declines. Bitcoin began May at about $77,000, so absent a sizable rally over the next 60 hours, BTC will be negative for the month, ending a two-month winning streak. Latest Crypto News 1 What American crypto asset perpetuals mean for the future of crypto 51 minutes ago 2 U.S. CFTC opens crypto 'perp' door with first approvals at Kalshi, Coinbase 51 minutes ago 3 CoinDesk 20 performance update: Bittensor (TAO) drops 4%, leading index lower 1 hour ago 4 Paxos wins SEC approval to clear U.S. stocks on blockchain 2 hours ago 5 Hyperliquid bigger than NASDAQ, says ICE CEO Jeffrey Sprecher 2 hours ago 6 Bitcoin underperforms risk assets as record 9th day of ETF outflows signal waning demand 3 hours ago 7 Bitcoin ETF outflows reach record 9-day streak as investors pull $2.8 billion 4 hours ago 8 Bitcoin slides to April lows as crypto diverges from record-chasing U.S. equities 4 hours ago 9 Kalshi follows CFTC in suing Minnesota over law criminalizing prediction markets 4 hours ago 10 Strategy's STRC slips below $99 as Strive captures investor attention 5 hours ago Latest Research The Pre-IPO Perpetuals Category Takes Shape The Pre-IPO Perpetuals Category Takes Shape Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%. By CoinDesk Research 7 hours ago Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%. Why it matters : Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%. View Full Report More From Markets Hyperliquid bigger than NASDAQ, says ICE CEO Jeffrey Sprecher Bitcoin ETF outflows reach record 9-day streak as investors pull $2.8 billion Bitcoin slides to April lows as crypto diverges from record-chasing U.S. equities