Bitcoin traded above $82,000 in the previous trading week, but was met with strong rejection, falling by more than $70,000 in the following days and hitting a monthly low of $75,000 that night.
Some of the possible reasons behind this fix are listed below.
Trump media sells out Cuba
crypto potato Yesterday, we reported that one of the wallets associated with Trump Media Group, run by the Trump family, had sent $200 million worth of cryptocurrencies to exchanges for sale. They did the same thing four months ago and are running a huge deficit. $BTC A position accumulated at a price near an all-time high.
The sale became more uncertain after billionaire investor Mark Cuban announced he was selling off most of his holdings. $BTC It went into hiding after losing confidence in its role as a hedge against fiat currency depreciation and geopolitical instability. He believes Bitcoin’s actions during the recent Iran war have called into question one of the core reasons he owned the asset.
Apart from this, Ali Martinez also mentioned other things. $BTC Investors are sending units to exchanges en masse. According to data he obtained from Santiment, approximately $745 million worth of Bitcoin was transferred to the trading platform in just five days. Similar developments usually increase immediate selling pressure, as most investors transfer funds to exchanges just to sell.
9,664 Bitcoin $BTCmore than $744 million worth of funds were transferred to the exchange in the past five days. pic.twitter.com/FxmMTC3QJi
— Ali Charts (@alicharts) May 22, 2026
warsh and war
Yesterday’s Bitcoin drop came just hours after Kevin Warsh was sworn in as the next Federal Reserve Chairman. But analysts looking at his role over the next four years said the real concerns about bitcoin and cryptocurrencies will come from his policies regarding the Fed’s balance sheet.
You may also like:
- Kevin Warsh becomes next Fed Chairman, Bitcoin price dips below $76,000
- Bitcoin could fall significantly due to major resistance stall in Bitcoin: Analyst
- Bitcoin faces correction as institutional demand weakens amid macro pressures: Bitfinex
He previously said the balance sheet was too large and hinted at quantitative tightening, which has historically hurt risk-on assets such as cryptocurrencies.
Finally, late last night, reports emerged that the US president had doubled down on plans for a “new” military attack on Iran, as the two countries have not reached a permanent agreement. Additionally, CBS reported that the president and some members of the U.S. military and intelligence community canceled their Memorial Day weekend plans in anticipation of a possible attack.
War has had an impact before. $BTC‘s price and the threat of reopening are unlikely to cause any positive changes. Therefore, for all the reasons mentioned above, Bitcoin’s price troubles could become even more widespread, especially if the ceasefire ends and attacks resume.
