BTC drops 5.5% over the past week, erasing May gains and risking its first monthly decline since February.
Bitcoin slid to $72,500 in U.S. morning trade, extending a 5.5% weekly decline and putting its two-month winning streak at risk. The cryptocurrency opened May near $77,000 but has failed to sustain momentum amid broader market caution.
The retreat follows a period of relative stability, with BTC trading in a tight range before breaking lower. If the current trend holds through month-end, it would mark the first negative monthly performance since February, ending a streak of gains.
Other major cryptocurrencies mirrored the decline, with no immediate catalyst identified for the pullback. Equities and bonds remained resilient, while oil prices hovered near three-month lows.