Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks
Bitcoin's price has dropped to approximately $74,300, marking a significant decline from its early May peak. This decrease is attributed to over $2.26 billion in outflows from U.S.-listed spot bitcoin exchange-traded funds in the past two weeks. Rising U.S. and global bond yields are contributing to reduced demand for riskier assets like bitcoin.
- ▪Bitcoin has fallen to about $74,300, more than 10% below its early May peak.
- ▪U.S.-listed spot bitcoin exchange-traded funds have seen over $2.26 billion in outflows in the past two weeks.
- ▪Investors withdrew $1.26 billion from U.S. spot Bitcoin ETFs this week, the largest single-week outflow since January.
Opening excerpt (first ~120 words) tap to expand
MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeksU.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 readMake preferred on BTC's price slide. (CoinDesk)What to know: 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$75,328.36 is rapidly…
Excerpt limited to ~120 words for fair-use compliance. The full article is at CoinDesk.
Discussion
0 commentsMore from CoinDesk
