World’s largest cryptocurrency remains under pressure amid weak investor sentiment and global market uncertainty
Bitcoin extended its losses on Saturday, falling to $75,308.71 against the US dollar as the cryptocurrency market remained under pressure from cautious investor sentiment and broader global economic uncertainty.
Market data showed Bitcoin declined by $340.56, or 0.45%, on May 23, 2026, compared with the previous day’s closing level.
The latest fall followed a sharper decline of 2.51% recorded on Friday, when the digital currency lost nearly $1,901 in value.
Over the past seven days, Bitcoin traded in a volatile range, briefly remaining above $77,900 on May 17 before gradually weakening throughout the week.
On a weekly basis, the cryptocurrency has lost $2,631.28, representing a decline of 3.38%.
Analysts said investors continued to reduce exposure to risk assets amid fluctuations in global equity and crypto markets, contributing to sustained selling pressure.
Bitcoin’s monthly performance also remained negative. Compared with April 23, 2026, the cryptocurrency has declined by $2,943.34, or 3.91%.
Year-on-year data showed a steeper correction in digital asset valuations. Bitcoin was trading at $107,833.86 on May 23, 2025, meaning the cryptocurrency has shed $32,525.15 over the past 12 months, a decline of 43.19%.
Despite the downturn, analysts said Bitcoin continues to attract close attention from institutional and retail investors due to its influence on the broader cryptocurrency market.
Market participants are expected to monitor macroeconomic indicators, interest rate expectations and regulatory developments in major economies for further direction in cryptocurrency prices.
