According to a report cited by CoinDesk, K33 Research analysts said the current Bitcoin bear market differs from the cycles seen in 2014, 2018, and 2022.
Bitcoin edged higher above the $77,000 mark on Wednesday as investors cautiously assessed signs of progress in US-Iran peace talks, although rising Treasury yields and caution ahead of Nvidia’s earnings report limited broader risk appetite.
Funds investing in Bitcoin recorded the third-largest daily outflow of 2026, signalling a sharp deterioration in institutional investor sentiment. Ethereum ETFs extended their losing streak to six consecutive sessions, while products tied to $XRP and Solana managed to attract only modest inflows amid the broader market sell-off.
Bitcoin has fallen by $6,000 since the CLARITY Act advanced to the full Senate, wiping $126 billion off its market capitalisation — what analysts describe as a typical “sell-the-news” event. Ethereum dropped by more than 10%, erasing $30 billion.
Bitcoin remained near the $77,000 level despite one of the largest liquidation events in recent months, as market participants observed signs of resilience among altcoins and broader cryptocurrency market positioning.
On Tuesday morning, Bitcoin traded near the $76,738 mark as traders monitored the narrowing consolidation range following a strong multi-week rally. Technical indicators across the hourly, four-hour, and daily charts remained mixed, pointing to cautious market behaviour. The support level around $76,000 held firm, remaining the key factor determining the short-term direction of price movement.
On the first trading day of the week, US-listed spot Bitcoin exchange-traded funds (ETFs) recorded one of the sharpest daily outflows of the year.According to SoSoValue data, spot Bitcoin ETFs recorded a net outflow of $648.6 million on Monday.This marks the largest single-day outflow since January 29.
Bitcoin stabilized below the $77,000 level on Tuesday after posting losses during four consecutive trading sessions. Investors continued monitoring developments surrounding Iran while assessing the impact of surging oil prices on inflation and US interest rate expectations.
After the hashprice metric approached the $40 per petahash per second (PH/s) mark, the latest decline in Bitcoin’s price caused hashprice to fall, reducing mining profitability since May 14. The following day, the situation worsened further due to a difficulty adjustment, which increased mining difficulty by 3.12% compared to the previous epoch.
In the cryptocurrency market, Bitcoin’s approach to critical price levels has created a scenario that could trigger massive liquidations in leveraged trading. According to the latest data published by Coinglass, if the price of Bitcoin rises above $80,634, short positions worth approximately $1.77 billion could be liquidated on major centralized cryptocurrency exchanges.
American corporation Strategy carried out another expansion of its corporate Bitcoin reserve. According to Michael Saylor’s report, the company purchased another 24,869 $BTC last week for approximately $2.01 billion. Following the new purchase, the company’s Bitcoin strategy yield since the beginning of 2026 reached 12.6%.
18 травня Bitcoin торгувався на рівні близько $77 033, опустившись нижче позначок, які ринок відновлював протягом останніх двох тижнів. Падіння відбулося на тлі різкого зростання прибутковості американських держоблігацій: дохідність 30-річних treasuries закрилася на максимумах із часів фінансової кризи 2008 року. Одночасно трейдери майже повністю виключили ймовірність зниження ставки ФРС у 2026 році.
Bitcoin ($BTC), the leading cryptocurrency, briefly rose above the $82,000 level in recent weeks but failed to hold that level. Renewed tensions between the US and Iran, along with growing concerns about inflation in the US, caused Bitcoin to fall below $77,000.
Crypto bulls preparing for rising prices experienced their worst day in more than three months as market leaders Bitcoin and Ethereum (ETH) fell amid macroeconomic concerns. According to data from Coinglass, exchanges liquidated $563,000,000 in leveraged bullish futures bets over the past 24 hours, marking the largest one-day collapse since February 6, when BTC crashed close to $60,000 and liquidated $1,840,000,000 in bullish positions.
Trading firm QCP Capital released a new market report explaining Bitcoin’s breakdown below $78,000 and why the move occurred precisely at this moment.
On Monday, Bitcoin fell below the $77,000 level, extending its weekend losses as rising global bond yields and oil prices amid escalating tensions surrounding Iran dampened investor appetite for risk assets.
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