Why is Bitcoin price down today? By Cointelegraph

© Reuters.

(BTC) price dropped below $26,000 on May 25 for the first time in two weeks.

BTC price fell 1.91% to $25,880, only to recover some losses afterward. Nonetheless, looking broadly, the price stayed on its short-term correction course, trading about 15% below its 2023-high of $31,000 in April.

daily price chart. Source: TradingViewDXY daily price chart. Source: TradingViewU.S. 1-year government bonds yield monthly chart. Source: TradingViewNet flow into crypto-based institutional funds. Source: CoinSharesBTC/USD weekly price chart. Source: TradingView

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