$BTC

The price of Bitcoin has decreased due to declining demand.

The drop in the price of Bitcoin on May 30 was preceded by a decrease in demand after it reached its all-time high of over $111,000.

CryptoQuant, a market analytics company, reported in its latest weekly cryptocurrency report that some Bitcoin demand indicators may have "reached a short-term peak, which could indicate a halt in the current rise."

According to the report, Bitcoin demand growth over the past 30 days reached 229,000 Bitcoins on May 28, which is close to the previous demand growth peak of 279,000 Bitcoins, thus marking the highest market level in December 2024.