Bitcoin News
By Evie Vavasseur
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Bitcoin's strong upward momentum came to an abrupt halt on Monday, May 19, 2025, as the flagship cryptocurrency slid below $103,000.
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Bitcoin, which had touched a four-month high of $107,060 earlier in the day and logged its strongest weekly close near $106,500, reversed sharply to trade as low as $102,200…
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Moody’s Ratings, one of the world’s leading credit agencies, downgraded the U.S. government’s credit rating from “Aaa” to “Aa1” on Monday.
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The downgrade is the latest in a series of warnings from major agencies, following similar actions from Fitch Ratings in 2023 and Standard & Poor’s back in 2011.
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The U.S. government was quick to push back against the downgrade. White House spokesperson Kush Desai criticized Moody’s decision, calling into question the agency’s credibility.
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However, the damage had already been done. Investors reacted by reducing exposure to speculative assets, including Bitcoin, which is often viewed as a high-risk instrument during…
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Bitcoin Derivatives Show Spike in Volatility
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Alongside the spot market decline, Bitcoin’s derivatives markets experienced a surge in trading volume. According to market data, derivatives trading jumped by 137.84% to $164.
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Interestingly, open interest in Bitcoin futures increased only slightly—by 0.95% to $69.85 billion.
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Liquidations also spiked significantly. Over a 12-hour period, $48.28 million worth of positions were liquidated, with long positions accounting for $40.77 million.
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Long-Term Outlook Still Optimistic Among Crypto Insiders
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Despite the short-term market reaction, many in the crypto industry remain confident in Bitcoin’s long-term potential.
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Adding to the optimism, MicroStrategy—rebranded as Strategy—introduced yet another significant Bitcoin acquisition.
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Conclusion: A Temporary Setback or Start of a Correction?
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Bitcoin’s pullback on May 19 was largely driven by macroeconomic concerns tied to the U.S. credit downgrade.
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