Bitcoin slides to $72,500, two-month winning streak at risk!

Bitcoin has slipped to $72,500 in morning U.S. trade, down roughly 0.5% over the past 24 hours and 5.5% over the past week, with other crypto majors posting similar losses. The move puts BTC's two-month winning streak in serious jeopardy — Bitcoin opened May near $77,000, meaning a sizable rally within the next 60 hours is needed to avoid a negative monthly close.

The macro backdrop is notably mixed: a new Middle East peace proposal is gaining more traction than previous attempts, stocks are rising, bond yields are easing, and oil has retreated to near a three-month low. Risk assets broadly are catching a bid — except crypto.

The divergence is the story. Traditional risk-on signals that would typically support BTC are firing, yet the bid simply isn't materialising.