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Bitcoin's chance of dropping below $50,000 rises to 40% amid market volatility

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

Bitcoin's price recently fell below $75,000, prompting bearish sentiment among traders. According to Kalshi, the probability of Bitcoin dropping below $50,000 this year has increased to 40%, reflecting caution amid ongoing market volatility. Institutional investors are also hesitant, with Bitcoin ETFs experiencing significant outflows, marking the highest weekly withdrawals since January. This suggests a potential retest of the $50,000 level before the end of the year.

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