PANews reported on May 23 that, according to CoinDesk, Bitcoin prices fell to $74,305, a new low since late April, as funds avoided high-risk assets with zero yields due to rising US Treasury yields and bond yields in major global economies. The price dropped more than 3% in 24 hours and has retreated more than 10% from its high this month.

The US spot Bitcoin ETF saw a net outflow of $2.26 billion over two weeks, with $1.26 billion flowing out this week alone, making it one of the largest single-week outflows this year. Amid geopolitical tensions, speculative funds have poured into commodities such as crude oil and copper, while some funds have also flowed into derivatives trading related to SpaceX's IPO.