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Bitcoin falls as Coinbase index shows institutional selling amid macro uncertainty.

Market News
23 May 2026
Bitcoin
View Source
Bearish
pluang ai news

The Coinbase bitcoin premium index dropped to its lowest level in a month, signaling increased institutional selling of Bitcoin. This decline reflects reduced accumulation by U.S. professional investors amid macroeconomic uncertainty, particularly following hawkish remarks from the new Federal Reserve Chair. Bitcoin's price fell over 4% to $74,500, pressured further by $1.3 billion in ETF outflows. The market now awaits clearer guidance from the Fed to determine if Bitcoin will stabilize or face deeper declines.

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