On Sunday, President Donald Trump issued a sharp warning to Iran, stating that time is running out as ceasefire negotiations between the US and Iran remain deadlocked while oil futures continue trading above $100 per barrel.
According to Bitstamp data, Bitcoin dropped to a low of $77,614 on 16 May. Several factors added pressure to the market simultaneously, including concerns over the US bond market, geopolitical tensions, and the threat of another wave of inflation.
Bitcoin fell on Saturday, extending losses after a sharp deterioration in risk appetite triggered a wave of long liquidations as markets grew concerned about the ongoing confrontation between the United States and Iran, as well as rising inflation.
Bitcoin dropped below the $79,000 level as global investor sentiment sharply deteriorated following the failure of the US-China summit and renewed geopolitical tensions in the Middle East.
The DeFi Report (TDR), a cryptocurrency analytics firm, stated in its latest analysis that Bitcoin’s current upward trend is facing its most serious test so far. The company’s founder, Michael Nadeau, analyzed recent market events and on-chain data, issuing important warnings regarding Bitcoin’s short-term outlook.
Bitcoin slipped on Wednesday, extending a spate of losses to a third straight day after scaling as high as $82.4k on the weekend. A protracted impasse in Iran, along with hot U.S. inflation data, has kept a lid on risk sentiment for cryptocurrencies this week.
Bitcoin is showing signs of renewed upside momentum after completing what traders describe as a full “liquidity engineering cycle” on May 12. Investors are now closely watching the upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping to assess its potential impact on financial markets.
Bitcoin briefly fell below the $80,000 level on Tuesday as global markets reacted to U.S. President Donald Trump warning that the ceasefire with Iran could collapse, alongside the latest U.S. inflation data.
On May 11, Zcash ($ZEC) dropped to $550 after a sharp rally, although the privacy-focused cryptocurrency still posted a 33% gain over the past seven days as renewed interest and ongoing debate fueled speculation about its future.
Bitcoin once again failed to hold above $82,800 and dropped back below $80,000. At the same time, there is still no strong panic among buyers — more than $1.1 billion flowed into spot Bitcoin ETFs over the past week. The market has not seen inflows of this scale since January.
On Friday, Bitcoin declined amid military escalation between the United States and Iran in the Strait of Hormuz, reducing investor appetite for risk assets. The broader cryptocurrency market also moved lower.
Bitcoin surrendered its weekly gains, falling from a multi-month high of $82,833 to a daily low of $79,500.
During US trading hours, Bitcoin briefly climbed to new 13-week highs, but the market failed to hold above the $83,000 level. Market sentiment shifted quickly after another wave of news related to Iran. Uncertainty surrounding a possible ceasefire prompted some traders to begin taking profits.
Strategy president Michael Saylor made key statements during a live stream presenting the company’s Q1 2026 financial results. Discussing Strategy’s capital market approach, he noted that selling Bitcoin could be considered if it benefits the company.
Bitcoin declined on Thursday, falling below $76,000 as escalating geopolitical tensions in the Middle East and inflation concerns weakened global risk appetite.
Bitcoin fell 3% in Asian morning trading and is holding near $77,000 as markets prepare for a week packed with macro catalysts. The move appears to be driven more by caution than by a shift in sentiment.
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