On Monday, May 18, Bitcoin continued its decline, settling at $77,426, down 0.9% for the day. Ethereum held steady at $2,128, maintaining the same level as the previous day but without upward momentum. Over the week, BTC’s retreat has now reached 5.7%, a significant correction after months of consolidation. This start to the week is marked by an absence of major news within the crypto ecosystem. Traditional markets, meanwhile, remain under pressure, with indices like the S&P 500 experiencing a slight decline. Bitcoin thus appears to be feeling the repercussions of an uncertain macroeconomic environment, where recession fears and geopolitical tensions are weighing on risk appetite. Trading volumes on crypto platforms are moderately up, suggesting active participation from sellers. Analysts note that this weekly drop of nearly 6% is the largest in several months. It serves as a reminder that Bitcoin remains a volatile asset, even in a phase of relative maturity. Ethereum, by stagnating around $2,128, shows relative resilience, but without a strong catalyst, it could follow BTC in its slide. Investors are now closely watching upcoming economic indicators, particularly inflation figures, to anticipate what comes next.
