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Bitcoin falls below $80K amid $117M liquidations and rising inflation fears after Trump-Xi meeting

Market News
14 May 2026
TheNewsCrypto
View Source
Bearish
pluang ai news

Bitcoin dropped below $80,000, trading around $79,800 after falling as low as $78,720, with $117 million in 24-hour liquidations mostly from long positions. Rising US inflation and geopolitical tensions following the Trump-Xi meeting caused volatility in Asian markets and pressured cryptocurrencies. The market shows risk-off sentiment with declining open interest and a retreat in altcoin performance, while traders watch $78,000 as key support. This suggests cautious investor behavior amid uncertain global economic and political conditions.

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