PANews, May 23: According to CoinDesk, influenced by rising U.S. Treasury yields and increasing bond yields across major global economies, capital is fleeing zero-yield, high-risk assets, causing Bitcoin’s price to drop to $74,305—the lowest level since late April—with a decline of over 3% in 24 hours and a pullback of more than 10% from this month’s high. U.S. spot Bitcoin ETFs have seen a cumulative net outflow of $2.26 billion over the past two weeks, with a single-week outflow of $1.26 billion this week, ranking among the largest weekly outflows this year. Amid geopolitical tensions, speculative capital has flowed into commodities such as crude oil and copper, while some funds have also moved toward derivatives linked to SpaceX’s upcoming listing.
Bitcoin Drops to 4-Month Low Amid Rising U.S. Bond Yields and Geopolitical Tensions
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Summary
Bitcoin news: On May 23, 2026, Bitcoin dropped to $74,305, a four-month low, as rising U.S. Treasury yields and global bond yields drove investors toward safer assets. The price fell over 3% within 24 hours and more than 10% from its monthly high. U.S. spot Bitcoin ETFs saw a net outflow of $22.6 billion over two weeks, with $12.6 billion withdrawn in the past week. Speculative capital shifted into crude oil, copper, and SpaceX-related derivatives amid escalating geopolitical tensions and a bearish Fear & Greed Index.
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