{"id":97380,"date":"2026-05-23T15:24:40","date_gmt":"2026-05-23T12:24:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=97380"},"modified":"2026-05-23T15:25:16","modified_gmt":"2026-05-23T12:25:16","slug":"bitcoin-falls-below-75000-amid-market-corrections","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-falls-below-75000-amid-market-corrections\/","title":{"rendered":"Bitcoin Falls Below $75,000 Amid Market Corrections"},"content":{"rendered":"<p>On the morning of May 23, Bitcoin fell below $75,000. This decline coincides with traditional markets testing their highs.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-be3a8357b35a3c08-5140128726907489.webp\" alt=\"image\" class=\"wp-image-280380\"\/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Biannce. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/XQSQJA42\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.\u00a0\u00a0<\/figcaption><\/figure>\n<p>The correction in Bitcoin began on Friday, May 22. Within a day, the asset dropped from $77,500 to the current $74,800 \u2014 a 3.5% decrease.<\/p>\n<p>Meanwhile, traditional indices are showing strength. On the last trading day, the Dow Jones reached a historic high, and the S&#038;P 500 closed near record levels.\u00a0<\/p>\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" data-id=\"280381\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-7f4dc977796af7e2-5140128667110295.webp\" alt=\"image\" class=\"wp-image-280381\"\/><figcaption class=\"wp-element-caption\">S&#038;P 500 Index. Source: <a href=\"https:\/\/ru.investing.com\/indices\/us-spx-500\">Investing<\/a>.\u00a0<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" data-id=\"280383\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-9df58fd65e928743-5140128764893396.webp\" alt=\"image\" class=\"wp-image-280383\"\/><figcaption class=\"wp-element-caption\">Dow Jones Index. Source: <a href=\"https:\/\/ru.investing.com\/indices\/us-30\">Investing<\/a>.\u00a0<\/figcaption><\/figure>\n<\/figure>\n<p>Following Bitcoin, the rest of the crypto market also entered the &#8220;red zone.&#8221; Ethereum fell to $2,000 (-4% in a day), Solana dropped to $82 (-5%), and HYPE to $55 (-8%).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-ff6b321047681b62-5140128741332892.webp\" alt=\"image\" class=\"wp-image-280382\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/coinmarketcap.com\/\">CoinMarketCap<\/a>.\u00a0<\/figcaption><\/figure>\n<p>The cryptocurrency <a href=\"https:\/\/forklog.com\/en\/news\/what-is-cryptos-fear-and-greed-index\">Fear and Greed Index<\/a> stands at 28, indicating moderate fear.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-d95137871c0449ce-5140128721146901.webp\" alt=\"image\" class=\"wp-image-280379\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Alternative.me<\/a>.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Market Participants&#8217; Opinions<\/h2>\n<p>A trader known as DaanCrypto noted that the crypto market is falling due to fears of new US strikes on Iran. Before the weekend, Tehran <a href=\"https:\/\/www.timesofisrael.com\/liveblog_entry\/araghchi-tells-un-chief-that-us-is-making-repeated-excessive-demands\/\">accused<\/a> Washington of &#8220;making repeated excessive demands&#8221; during negotiations.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> It is still pretty straight forward from here looking at the chart.<\/p>\n<p>Bitcoin needs to clear that low $80Ks region with the horizontal and Daily 200MA\/EMA sitting right around the same region.<\/p>\n<p>This is the first &#8220;bigger sell off&#8221; this leg up after the April move higher.\u2026 <a href=\"https:\/\/t.co\/01yL1CqatF\">pic.twitter.com\/01yL1CqatF<\/a><\/p>\n<p>\u2014 Daan Crypto Trades (@DaanCrypto) <a href=\"https:\/\/twitter.com\/DaanCrypto\/status\/2057920634542317948?ref_src=twsrc%5Etfw\">May 22, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Overall, the market has been weak since the failed attempt to break the $80,000 mark. However, it is also evident that the market has become accustomed to military headlines, as their impact has been relatively minor (especially on stocks),&#8221; added DaanCrypto.<\/p>\n<\/blockquote>\n<p>An analyst known as Myles G <a href=\"https:\/\/x.com\/MylesGinvest\/status\/2058101818639405119\">highlighted<\/a> the sharp reversal in funding rates, as Bitcoin&#8217;s decline led to the liquidation of a large volume of long positions.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-d6220a7498edb3f0-5140128720755802.webp\" alt=\"image\" class=\"wp-image-280384\"\/><figcaption class=\"wp-element-caption\">Source: X.\u00a0<\/figcaption><\/figure>\n<p>In his view, the market is beginning to form a bottom amid low liquidity.<\/p>\n<p>Trader AshCrypto holds a more bearish outlook. He expects a further sharp drop in prices.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I completely agree with bears now.<a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> is about to crash really hard. <a href=\"https:\/\/t.co\/D2MybF6Gkd\">pic.twitter.com\/D2MybF6Gkd<\/a><\/p>\n<p>\u2014 Ash Crypto (@AshCrypto) <a href=\"https:\/\/twitter.com\/AshCrypto\/status\/2057877626132271264?ref_src=twsrc%5Etfw\">May 22, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analysts at Glassnode <a href=\"https:\/\/forklog.com\/en\/news\/analysts-outline-conditions-for-bitcoins-return-above-80000\">identified<\/a> the level around $78,300 as resistance. For the rally to resume, Bitcoin must rise above these values.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin fell below $75,000 on May 23, coinciding with traditional markets testing their highs.<\/p>\n","protected":false},"author":1,"featured_media":97381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin fell below $75,000 as traditional markets tested highs.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1145,1138],"class_list":["post-97380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-market-analysis","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin fell below $75,000 as traditional markets tested highs.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=97380"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97380\/revisions"}],"predecessor-version":[{"id":97382,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97380\/revisions\/97382"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/97381"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=97380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=97380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=97380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}