Bitcoin Price Today: BTC Trades Near $73,460 As Selloff Pressure Continues

Bitcoin (BTC) price today: ~$73,460 24h change: down about 2.6% Market cap: ~$1.33 trillion Fear & Greed Index: 22 (Extreme Fear)

Last updated: May 29, 2026, 07:40 UTC

Today’s Bitcoin analysis

Bitcoin is trading near $73,460 this morning, down roughly 2.6% over the past 24 hours and about $34,000 below where it sat a year ago. The price slipped under $74,000 again after failing to hold the $75,000 level that bulls defended for most of last week.

The pressure is coming from the same place it has all month. US spot Bitcoin ETFs have been bleeding for eight straight sessions, and renewed US-Iran tension pushed traders out of risk assets and into safe havens. With the institutional bid gone, there has been little buying to catch the fall.

The mood is firmly fearful. The Fear and Greed Index sits at 22, deep in extreme-fear territory, and over the last 30 days Bitcoin has managed only about half green days with rising volatility. For now, sellers hold the upper hand, and rallies are being sold rather than bought.

Key levels to watch

$73,000: the immediate support Bitcoin is testing now. Holding here keeps the structure intact.

$70,000: the next major floor if $73K gives way. A widely watched level for dip buyers.

$75,000: the reclaim level. Getting back above it would be the first sign sellers are losing control.

Recent price history

May 28: opened ~$74,333, fell to ~$73,285 intraday on Iran strike news

May 27: dropped below $75,000 as ETF outflows hit $733M (largest since February)

May 26: ~$76,755, down slightly

What drives the price of Bitcoin?

Bitcoin’s price moves on a mix of forces that are worth understanding if you want to read the daily action above.

Supply and the halving. Bitcoin has a fixed maximum supply of 21 million coins, and the reward for mining new ones is cut in half roughly every four years. This built-in scarcity is a core part of the long-term bull case.

Institutional demand and ETFs. Since US spot Bitcoin ETFs launched, their daily inflows and outflows have become one of the clearest short-term price signals. Money flowing in means funds must buy real BTC, which supports price. Outflows mean the reverse.

Macro conditions. Bitcoin trades as a risk asset. When interest rates rise or the dollar strengthens, money tends to leave speculative assets like crypto. When policy loosens, crypto usually benefits.

Sentiment and leverage. Crypto markets carry heavy leverage. When too many traders crowd one side, a small move can trigger a cascade of liquidations that amplifies the swing, in either direction.

How to buy Bitcoin

You can buy Bitcoin through a regulated crypto exchange or a broker that offers crypto. The basic steps are the same across platforms: create an account, complete identity verification, deposit funds, and place a buy order. Many investors use dollar-cost averaging, buying a fixed amount on a schedule, to reduce the risk of buying everything at a short-term top.

FAQ

What is the price of Bitcoin today? Bitcoin is trading near $73,460 as of May 29, 2026, down about 2.6% over the past 24 hours. The live price at the top of this page updates in real time.

Why is Bitcoin down today? Bitcoin is under pressure from eight straight days of spot ETF outflows and a risk-off move triggered by US-Iran tension. With institutional buyers stepping back, there has been little demand to support the price.

Will Bitcoin go up again? A recovery would likely need ETF flows to turn positive or Bitcoin to reclaim the $75,000 level. The long-term bull case rests on fixed supply and institutional adoption, but short-term direction depends on flows and macro conditions.

What is the highest price Bitcoin has reached? Bitcoin reached an all-time high near $126,000 in October 2025 before correcting through 2026

This page is for informational purposes and is not investment advice. Cryptocurrency is volatile. Always do your own research.