bitcoin / crypto / price drop

Crypto markets rallied broadly on May 24, with Bitcoin jumping over 1% to around $76,686 after briefly approaching $74,000, according to CoinGlass. Ethereum rose more than 2%, HYPE surged over 10%, ZEC gained about 5%, and SOL and XRP each climbed more than 1%. The move coincided with heavy liquidation activity: over 110,000 traders were liquidated in the past 24 hours, totaling roughly $737 million. The piece is a market update highlighting short-term price moves and risks from leverage-driven liquidations, relevant for traders, exchanges, and crypto-focused fintech services monitoring volatility and market health.

Bitcoin slipped below $78,000 on May 16, falling 1.42% intraday, according to a brief market update from 36Kr citing National Business Daily. The note provides no additional market context, drivers, or trading-volume detail. While this is a small single-day decline, price movements in major cryptocurrencies like Bitcoin matter to crypto exchanges, trading platforms, institutional investors, and fintech services because they can affect liquidity, margin positions, and risk exposure across the digital-asset ecosystem. Traders and tech companies building crypto products should monitor whether this dip reflects broader macro trends, regulatory shifts, or short-term profit-taking.

BlackRock moved roughly $172 million in crypto to Coinbase on May 13, transferring 861 BTC and 44,691 ETH to Coinbase-linked addresses. Coinbase serves as the custodian for BlackRock’s spot Bitcoin and spot Ethereum ETFs, and on-chain analytics indicate these transfers could reflect routine custody operations, portfolio rebalancing, or ETF creation/redemption liquidity management rather than outright sales. The activity matters because transfers between a major asset manager and a primary crypto custodian can signal ETF-related flows and affect market liquidity and sentiment, though on-chain data alone cannot confirm intent.