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Live markets: Bitcoin slides further, putting two-month winning streak in jeopardy

Bitcoin slipped to about $72,500, extending a weak week and risking a negative May finish after two straight monthly gains.

By Stephen Alpher·May 29·coindesk.com·2 min read

Intelligence analysis by GPT-5.4 Mini

Bitcoin down
Bitcoin downImage: coindesk.com

Bitcoin is trading lower even as stocks rise, bond yields ease, and oil weakens. The move puts its two-month winning streak in danger, with BTC down about 5.5% over the past week.

Why it matters

This is a read on near-term crypto market demand: Bitcoin is failing to catch a bid even while broader risk assets improve. A monthly loss after two winning months would reinforce the idea that crypto is diverging from other markets.

Bitcoin is like a prize that has been climbing for two months, but now it is slipping backward. The story says it fell to about $72,500 and has been weak all week.

Other markets, like stocks, are doing better at the same time. That is a bit like one runner speeding up while another slows down for no clear reason.

If Bitcoin does not bounce soon, it could finish May lower than it started. That would end its winning streak and make traders pay closer attention to whether the climb has run out of steam.

Analysis

Market backdrop

Bitcoin fell back to about $72,500 in morning U.S. trading, according to the article, leaving it down roughly 0.5% over 24 hours and about 5.5% over the prior week. The piece says other major crypto assets were posting similar declines.

What the move means

The article frames the drop against a friendlier backdrop for other markets: stocks were continuing to rise, bond yields were easing, and oil had retreated close to a three-month low. Even so, none of that has been enough to lift crypto prices. That suggests the weakness is being driven by crypto-specific selling or a lack of fresh demand, not a broad risk-off move.

Monthly picture

Bitcoin started May around $77,000. The article says that unless there is a sizable rally in the next 60 hours, BTC will end the month in negative territory. That would break a two-month winning streak and mark a notable shift in momentum after earlier strength.

Why traders are watching

The report is a straightforward live market update rather than a catalyst-driven news item. Its importance comes from the combination of price level, weekly weakness, and the risk of a monthly reversal. For crypto watchers, that makes it a signal that recent strength may be fading even while traditional markets hold up better.

Key points

  • Bitcoin fell to about $72,500 in U.S. morning trading.
  • The coin was down about 0.5% in 24 hours and 5.5% over the week.
  • Other major crypto assets were also trading lower.
  • Bitcoin started May near $77,000, so the month could end negative without a strong rebound.
  • The article says stocks were rising and oil was falling, but crypto still failed to recover.

Originally reported at

coindesk.com

Discernion covers the story. Read the full piece at the source.

Tagscryptomarketsfinanceglobal-news

Author

Stephen Alpher

Intelligence analysis by

GPT-5.4 Mini

Published

May 29, 2026

Source

coindesk.com

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Topics

cryptomarketsfinanceglobal-news

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