Fear suddenly returns to the crypto market. After Bitcoin's drop to around $76,000, retail investors turned pessimistic while hundreds of millions of dollars were liquidated within hours.
Swan Bitcoin faces $970M Prime Trust lawsuit over 11,994 BTC, cash, stablecoins and XRP allegedly moved before bankruptcy in 2023 in courts.
U.S. spot Bitcoin (BTC) ETFs extended their recent reversal on May 18, posting a second consecutive session of net outflows as investors pulled capital from the sector's largest products—led by BlackRock's iShares Bitcoin Trust ($IBIT). According to data compiled by SosoValue, U.S.-listed spot Bitcoin ETFs recorded total net outflows of $648.64 million on May 18 (U.S. Eastern Time).
Institutional investors just sold an overall total of $1.07 billion in Bitcoin and crypto assets in one week, according to a new update from CoinShares. The outflows are the first negative result in seven weeks and the third-largest weekly outflow of the year. Bitcoin drove most of the selling with $982 million in outflows.
Michael Saylor's firm Strategy just completed of its largest Bitcoin buys ever, acquiring 24,869 BTC for approximately $2.01 billion. The company now owns 843,738 BTC acquired for $63.87 billion at a price of $75,700 per Bitcoin.
Bitcoin (BTC) sits at a technical crossroads after losing a crucial support level, leading some market observers to suggest that this week's price will be decisive for whether the flagship crypto can reclaim upside momentum or extend its recent losses. Related Reading: Trillion-Dollar Italian Bank Moves To XRP, But How Much Have They Bought?
Bitcoin (BTC) continues trading just beneath the $77,000 threshold this Tuesday, May 19, extending its losing streak to four sessions. At press time, the leading cryptocurrency was priced at $76,818, representing a modest 0.1% daily decline.
Bitcoin has fallen about 6% from $82,000 to $76,800, but underlying data point to more than routine pullback.
Bitcoin has witnessed a drop back below the $77,000 level, and with it, the cryptocurrency has lost its recovery above the short-term holder cost basis. Bitcoin Has Fallen Under The STH Realized Price In a new post on X, analyst Maartunn has talked about how BTC's move above the short-term holder Realized Price ended in rejection.
The crypto market traded mixed on Tuesday, with Bitcoin (BTC) slipping modestly while Ethereum (ETH) edged higher—an uneven tone that coincided with surging activity in stablecoins and derivatives, signaling both caution and active short-term positioning. As of 03:05 UTC on May 19 (based on TokenPostMarket data), Bitcoin was down 0.30% over the past day at $76,555.78.
A White House official said the U.S. government is nearing an announcement on a potential ‘strategic Bitcoin reserve', a development that market participants view as a fresh signal of Bitcoin's (BTC) deepening integration into official policy frameworks. According to Bitcoin Magazine, the official indicated that an update will come “soon,” adding that the administration has made “meaningful progress” in putting legal processes in place and building the infrastructure needed to safeguard digital assets.
Larger players are keeping faith, despite the token's current slide.