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Bitcoin falls below $78K as macro pressures and rising US bond yields weigh on crypto markets.

Market News
16 May 2026
Coinpaper
View Source
Bearish
pluang ai news

Bitcoin's price dropped below $78,000 after a brief rally above $82,000 triggered by the US Senate Banking Committee's advancement of the Digital Asset Market Clarity Act. The decline reflects renewed macroeconomic pressures, including rising US 10-year Treasury yields reaching 4.58%, which make fixed-income assets more attractive compared to riskier assets like cryptocurrencies. Additionally, Bitcoin ETFs in the US saw significant outflows, and miners have been selling holdings, adding supply pressure. Technically, Bitcoin must reclaim the $80,000 level to reduce selling pressure and potentially retest resistance near $82,000; otherwise, further declines toward $74,000 or lower are possible.

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