Analyst Predicts Bitcoin May Reach $83,000 Despite Recent Downturn
Bitcoin’s price fell to $69,000, but an expert forecasts it may hit $83,000 driven by macro trends. The post Analyst Predicts Bitcoin May Reach $83,000 Despite Recent Downturn appeared first on BeInCrypto…
Bitcoin’s price fell to $69,000, but an expert forecasts it may hit $83,000 driven by macro trends.
The post Analyst Predicts Bitcoin May Reach $83,000 Despite Recent Downturn appeared first on BeInCrypto… Read More
Crypto analyst Chain Mind has indicated that the Bitcoin price has yet to bottom. He alluded to historical performance, which shows that BTC has never bottomed without touching the EMA 300. Bitcoin Price Unlikely To Bottom Before Touching This Level In an X post, Chain Mind indicated that the Bitcoin price is unlikely to bottom
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Crypto analyst Chain Mind has indicated that the Bitcoin price has yet to bottom. He alluded to historical performance, which shows that BTC has never bottomed without touching the EMA 300. Bitcoin Price Unlikely To Bottom Before Touching This Level In an X post, Chain Mind indicated that the Bitcoin price is unlikely to bottom out without first touching the EMA300… Read More
Markets Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks U.S.-listed spot bitcoin exchange-traded funds have seen more than $2.26 billion in outflows over the past two weeks. By Omkar Godbole May 23, 2026, 10:19 a.m. 1 min read Make preferred on Share Share this article Copy link X icon X
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Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks
U.S.-listed spot bitcoin exchange-traded funds have seen more than $2.26 billion in outflows over the past two weeks.
By Omkar Godbole
May 23, 2026, 10:19 a.m.
1 min read
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BTC’s price slide. (CoinDesk)
Summary
Bitcoin has fallen to about $74,300, more than 10% below its early May peak, as rising U.S. and global bond yields sap demand for riskier, zero-yield assets.
U.S.-listed spot bitcoin exchange-traded funds have seen more than $2.26 billion in outflows over the past two weeks.
Speculative capital focuses on commodities exposed to potential supply disruptions and to pre-IPO bets on SpaceX.
Bitcoin BTC$63,254.03 is rapidly losing ground as investors pull out billions of dollars from U.S.-listed spot ETFs.
The world’s largest cryptocurrency fell to $74,305 early Saturday, its lowest level since April 20, according to CoinDesk data. As of writing, BTC was down more than 3% over the past 24 hours and approximately 10% below its recent high of over $82,500 reached on May 6.
The sell-off accompanies a notable upswing in U.S. Treasury yields and parallel increases in government bond yields across developed markets, which are reducing appetite for high-risk, zero-yielding assets like bitcoin.
Investors withdrew $1.26 billion from U.S. spot Bitcoin ETFs this week, the largest single-week outflow since January, following roughly $1 billion in outflows the previous week. In total, the funds have seen more than $2.26 billion in redemptions over the past two weeks.
Meanwhile, commodities such as oil, copper, and sulfur are seeing strong flows of speculative money as markets continue to price in potential supply disruptions through the Strait of Hormuz due to the Iran conflict.
One theory also points to capital being redirected toward SpaceX’s anticipated IPO, with several blockchain-based pre-market derivatives tied to the event already seeing millions in trading volume on blockchain-based platforms.
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Bitcoin$63,254.03
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Bitcoin News
Related Assets
Bitcoin$63,254.03
0.81%
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The cash-settled, European-style contracts will trade under the ticker QBTC on Phlx, but still require CFTC approval before trading can begin…
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The cash-settled, European-style contracts will trade under the ticker QBTC on Phlx, but still require CFTC approval before trading can begin… Read More
