Bitcoin dropped under $77,000 Friday midday, setting up a potential losing weekly close. The cryptocurrency market capitalization is now shrinking, with monthly losses looking likely as May nears its end.
Friday's Critical Dip
The price breach hit around 12:30 PM ET. It held below $77,000 for hours. That's enough to push the five-day workweek into negative territory.
Market Cap Downturn
Total crypto market value has been falling for days straight. The trend points to May closing in the red. This isn't a brief blip—it's a sustained slide.
Waiting for Month-End
May ends on the 31st. The market now counts down to that close. Traders watch whether the dip becomes a confirmed monthly loss.
