Summary and analysis of the digital financial market developments, focusing on Bitcoin, over the past 24 hours as of the morning of May 16, 2026:
1. Bitcoin (BTC) Price Movement – Profit-taking pressure below $80,000
After attempting to maintain its position in the early days of the month, Bitcoin experienced a turbulent trading session over the past 24 hours, facing significant selling pressure as it approached a psychological resistance level.
Current price: This morning, Bitcoin is trading around $79,071, recording a decrease of approximately 2.52% to 2.86% in the past 24 hours (depending