Cryptocurrency remains under pressure despite modest daily and monthly gains
Bitcoin traded at $77,531.02 against the U.S. dollar on Thursday, posting a slight daily increase amid continued volatility in global cryptocurrency markets.
The digital currency gained $116.53, or 0.15%, compared with Wednesday’s closing level of $77,414.49.
During the past seven days, Bitcoin witnessed mixed trading activity. The cryptocurrency opened the week at $79,073.20 on May 15 before declining to a weekly low of $76,641.24 on May 19.
The market later recovered modestly in subsequent sessions. Overall, Bitcoin declined by $1,542.18 during the week.
On a monthly basis, Bitcoin posted positive growth. The cryptocurrency increased by $1,887.26, or 2.43%, compared with its value of $75,643.77 on April 21, 2026.
Despite the recent recovery, Bitcoin remained significantly lower compared with the same period last year.
On May 21, 2025, Bitcoin was trading at $108,845.93. Compared with today’s level, the cryptocurrency has lost $31,314.91, representing a yearly decline of 40.39%.
Market analysts said the cryptocurrency sector continues to face pressure from investor caution, regulatory uncertainty, and changing expectations regarding global interest rates and institutional demand for digital assets.
They added that volatility in digital asset markets is likely to persist as investors closely monitor monetary policy developments and broader global economic conditions.
