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Bitcoin steadies near $77K amid US-Iran talks, high Treasury yields, and record ETF outflows.

Market News
20 May 2026
Blockonomi
View Source
Neutral
pluang ai news

Bitcoin is holding around $77,175 after a slight dip to $76,000 earlier in the week, supported modestly by optimistic US-Iran diplomatic talks. However, rising US Treasury yields, with the 10-year note hitting 4.687%, are pressuring speculative assets like Bitcoin. Spot Bitcoin ETFs saw $648.6 million in withdrawals on Monday, the largest single-day outflow since January, signaling market caution. Analysts note that despite pessimistic derivatives metrics, the $60,000 low in February likely marks the cycle bottom, with potential for future rallies amid cautious optimism.

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