On the morning of Friday, May 23, 2025, Bitcoin experienced a noticeable decline, falling below the $109,000 mark after reaching record highs in previous days.
Bitcoin (BTC) is currently priced at $109,066 with a decrease of $2,306 (-2.07%) compared to the previous close. The intraday high was $111,819 and the intraday low was $108,32
📉 Reasons for the Decline
This drop is attributed to several key factors:
Decrease in Bitcoin Network Activity:
The Bitcoin network activity index has hit its lowest level since 2024, indicating weaker demand and increased caution among investors.
Selling Pressure from Long-Term Investors:
According to data from Glassnode, investors holding Bitcoin for 6 to 12 months have increased their selling activity significantly, with an average daily sale of 25,600 BTC.
Global Trade Tensions:
The threat of new tariffs imposed by U.S. President Donald Trump on European Union imports has increased market uncertainty, negatively impacting investors’ risk appetite.
🔮 Future Outlook
Despite this pullback, the long-term outlook for Bitcoin remains positive. Analyses suggest the cryptocurrency could find support between $107,000 and $108,000, offering investors a potential buying opportunity at attractive prices.
However, investors should closely monitor economic and political developments, as sudden changes may significantly impact price movement
