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Bitcoin drops below $78,000, wiping out recent gains amid ETF outflows and market caution.

Market News
21 May 2026
Bitcoin
View Source
Bearish
pluang ai news

Bitcoin failed to maintain the $78,000 level on May 21, falling to just above $77,000 and erasing recent gains. This decline was driven by persistent outflows from spot bitcoin ETFs and a 0.3% price drop that triggered $44.3 million in liquidations. Analysts warn that if the Nasdaq index corrects, capital may flee from high-risk assets like cryptocurrencies, highlighting Bitcoin's current vulnerability. The market awaits a new wave of retail investors to spark a meaningful recovery.

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