Bitcoin slipped to an intraday low of $75,220 before trading around $75,526, down 2.76% over 24 hours. Ether fell to $2,053 at its lowest point and was last seen near $2,068, a 3.26% daily decline. Both assets touched their weakest levels in nearly 14 days.
Over the past 12 hours, Bitcoin fell from $77,900 and hit its low at 09:00. Ether moved the same way, sliding from $2,141. Compared with their recent highs on May 11, Bitcoin is down about 8% from $82,145, while Ether has pulled back roughly 12.8% from $2,373. The retreat has now stretched close to two weeks.
Stocks Extend Gains While Crypto Stays Under Pressure
The gap between equities and digital assets widened again on the same day. On May 22, the Dow Jones Industrial Average rose 0.58% to 50,579, setting another record close. The S&P 500 added 0.37% to 7,473, posting its eighth straight weekly gain, while the Nasdaq edged up 0.19% to 26,343.
According to the source material, the split reflects different market drivers. U.S. stocks drew support from lower 10-year Treasury yields and strong corporate earnings, which kept money flowing into heavyweight names. Crypto, by contrast, was pressured by stronger-than-expected May 13 PPI data, geopolitical tension involving the U.S. and Iran, and long-side liquidations. Bitcoin longs alone saw about $183 million in liquidations over the past 24 hours.
Fear Gauge Stays at 28 for a Second Day
Sentiment remains weak. The crypto fear and greed index printed 28 for a second straight day, keeping the market in the “fear” zone. Earlier in May, the same index had recovered to above 50, which pointed to a neutral reading. That rebound has faded.
Traders are now watching a few nearby levels. If Bitcoin loses $75,000, the next support area is seen between $73,000 and $72,000. A move back above $77,000 would be needed before the market can retest $80,000. For Ether, $2,050 is the near-term line to watch; a break below it could open a move toward $1,980. If price recovers above $2,200, short-term pressure would start to ease.
Liquidity is also in focus. U.S. markets will be closed next Monday for Memorial Day, and thinner trading conditions could amplify volatility.