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Bitcoin price drops as institutional outflows continue and Wall Street shifts focus to AI investments.

Market News
29 May 2026
Tokenpost
View Source
Bearish
pluang ai news

Bitcoin has declined 5.42% over the past week, trading near $73,693 amid ongoing outflows from BlackRock’s iShares Bitcoin Trust (IBIT), signaling weakening institutional demand. Meanwhile, Wall Street is increasingly investing in artificial intelligence, highlighted by Anthropic’s $65 billion funding round, drawing capital away from cryptocurrencies. Technical indicators suggest Bitcoin may face further declines unless it breaks above key resistance levels. The market trend reflects a broader shift of investor interest from crypto to AI-related assets.

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