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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid heightened anticipation in digital asset markets, Bitcoin is facing selling pressure that could push it toward lower support levels. According to reports, traders anticipate a price slump toward $75,000 driven by the upcoming monthly crypto options expiry. Furthermore, the appointment of Kevin Warsh as the new Fed Chair is influencing market sentiment, raising concerns that major altcoins like ETH, XRP, and SOL could face further pullbacks if Bitcoin fails to hold its current support.
This potential decline follows a period of heavy outflows from Bitcoin ETFs, with U.S. spot funds recording net outflows exceeding $500 million last week per Farside Investors data. In comparison to peer performance, market data shows SOL has undergone a correction of nearly 10% from its recent local high, while Ethereum (ETH) struggles to maintain psychological support levels, reflecting broad caution ahead of upcoming Federal Reserve policy shifts.
Technically, Bitcoin (BTC) stood at $91,420 (at close May 21, 2026), making the $75,000 level a critical downside target if bearish momentum persists. Investors should closely watch the economic calendar for further catalysts, particularly following recent U.S. Industrial Production and Retail Sales data, as any official statements from Fed officials regarding interest rate paths will likely dictate the next major move for crypto assets.