TechFlow News, May 23: According to CoinDesk, Bitcoin briefly fell to approximately $74,300—its lowest level since April 20—and declined roughly 10% from its recent peak of over $82,500 on May 6. The report notes that U.S.-listed spot Bitcoin ETFs recorded cumulative net outflows exceeding $2.26 billion over the past two weeks, including $1.26 billion in net outflows this week—the largest single-week outflow since January 2024. Meanwhile, rising U.S. Treasury yields and developed-market government bond yields have dampened demand for high-risk, zero-yield assets such as Bitcoin.
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