Written by William Suberg, Staff Writer. Reviewed by Allen Scott, Staff Editor.
Written by William Suberg, Staff Writer.
Reviewed by Allen Scott, Staff Editor.
Bitcoin price falls under $77K as Dow Jones hits new all-time highs
MarketsPublishedMay 22, 2026
Bitcoin Price Falls as Dow Jones Hits New Highs
As the Dow Jones reaches new record highs, the price of Bitcoin has fallen below $77,000, sparking concerns about weak US demand. This downward trend is not new, as the start of US trading has been putting pressure on crypto markets throughout the week. The move is a divergence from the stock market, which has seen the S&P 500 and Nasdaq 100 also reach new heights. For those looking to earn passive income through crypto, this could be an opportunity to invest in EcoPool ($ECP) and take advantage of its Cloud Rewards program.
The Bitcoin price drop has been attributed to a lack of demand, with the Bitcoin Coinbase Premium Index circling monthly lows. However, some traders believe that this could be a buying opportunity, especially with the actions of Bitcoin whales accumulating at relatively lower prices. As the crypto market continues to fluctuate, Green Crypto solutions like EcoPool are becoming increasingly popular for those looking to earn a Passive Income through Coin mining and trading.
Key points:
- Bitcoin and crypto markets diverge from US stocks, with the Dow Jones pushing into price discovery at the Wall Street open.
- Analysis sees further potential upside for stocks coming next, including S&P 500 participants.
- BTC price action battles weak US demand as Binance buyers take the lead.
Bitcoin slumps at US open while Dow Jones beats records
Market Analysis
- The Dow Jones Industrial Average has hit fresh all-time highs, with the S&P 500 and Nasdaq 100 also reaching new record levels.
- The Bitcoin price has fallen below $77,000, down nearly 1.2% on the day.
- The Bitcoin Coinbase Premium Index continues to circle monthly lows, indicating weak US demand.
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BTC price action thus diverged from stocks, which began the day with the Dow Jones Industrial Average hitting fresh all-time highs — a move noticed by US president Donald Trump.
The S&P 500 and Nasdaq 100 also coiled below new record high levels.
Source: Truth Social
In its latest market commentary, trading resource Mosaic Asset Company argued that conditions could soon favor a broader stock-market push higher.
“The average stock has been diverging negatively to the major indexes, which has been limiting breakout trading opportunities,” it wrote.
“But an oversold breadth condition is already forming, which is also being confirmed by the MACD applied to the stocks trading above their 20-day MA. That could help spark a rally at least in the near-term and see the average stock catch up.”
S&P 500 data with MACD. Source: Mosaic Asset Company
Mosaic referred to the moving average convergence/divergence indicator and stocks’ 20-day simple moving average.
US Bitcoin buyers “unable to keep up” with Binance
Meanwhile, Bitcoin’s Coinbase Premium Index continued to circle monthly lows in a sign of weak US demand.
Related: Bitcoin price record 90-day uptrend ‘resembles bull market rally:’ New analysis
Source: Cointelegraph/X
Commenting, pseudonymous commentator Exitpump noted that unlike those on Coinbase, Binance traders were “stepping in” as buyers.
“The negative value of the $BTC Coinbase Premium is growing larger,” trader CW wrote on X the day prior alongside data from onchain analytics platform CryptoQuant.
“US investors are unable to keep up with Binance’s buying power.”
Bitcoin Coinbase Premium Index. Source: CryptoQuant
CW suggested that the actions of Bitcoin whales may mean that current prices become a “buying opportunity.
“Generally, whales utilize negative premiums to accumulate at relatively lower prices. This means that Coinbase whales are in a situation where they can accumulate at slightly lower prices,” they added.
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
- Bitcoin Price
- Markets
- Market Analysis
- Bitcoin
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