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Bitcoin drops below $77K as $670M crypto longs liquidate amid rising bond yields and Fed rate hike fears

Market News
18 May 2026
Unchained
View Source
Bearish
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Bitcoin fell below $77,000, triggering $670 million in leveraged crypto long liquidations as U.S. 10-year Treasury yields hit their highest since February 2025. Rising bond yields and collapsing rate-cut expectations have increased market uncertainty, impacting major cryptocurrencies like Bitcoin, Ether, Solana, and XRP. The U.S. inflation nearing 4% and geopolitical tensions add to volatility, while long-term holders maintain significant Bitcoin control. Investors now anticipate a possible Fed rate hike by year-end, with no rate cuts expected in 2026, suggesting continued macroeconomic pressure on crypto markets.

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