Bitcoin (BTC) dropping below the $80,000 mark is starting to undo some of the optimism that followed a major step forward for the industry. After the Senate Banking Committee markup for the CLARITY Act on Thursday, the market's gains have since faded.
Bitcoin whale activity hits a 9-month high, but buying volume remains thin.
Bitcoin fell to $78,600 on May 15 as bond yields surged to a 12 month high, rattling risk markets. The US 10-year Treasury yield surged to 4.
Bitcoin is struggling to push above $82,000 as the market heats up and buyers search for the momentum needed to break through resistance that has now rejected three separate attempts. The price action is grinding, and analyst Axel Adler has identified the specific mechanism behind that resistance — one that goes beyond the technical level itself to describe the behavioral dynamic that is actively maintaining it.
Abu Dhabi's Mubadala disclosed a 16% increase in its Bitcoin ETF position to $566 million in Q1 2026.
An anonymous address sold 250 wrapped Bitcoin worth $20.3 million on-chain, on-chain data showed on May 15. Whale offloads $20.3m in wrapped Bitcoin “A chain address sold 250 WBTC worth $20.
Lombard is moving $1B in Bitcoin-backed assets to Chainlink CCIP after the $292M Kelp DAO bridge exploit.
Bitcoin ETFs snapped back into positive territory on Thursday with $131 million in fresh inflows, signaling a renewed wave of institutional demand after two difficult sessions. Ether ETFs, however, remained under pressure with a fourth consecutive day of outflows, while XRP and solana products continued to attract steady capital.
Bitcoin treasury firm Strive has accelerated its BTC accumulation, and it is now on track to rival none other than Michael Saylor's Strategy.
Treasury yields hit 12-month highs on May 15, pushing Bitcoin back toward $80,500 a day after the Clarity Act committee vote. US Treasury yields surged to fresh 12-month highs on May 15, with the 10-year note hitting 4.
Kraken raised the maximum leverage available on its Bitcoin and Ethereum perpetual contracts within Kraken Pro, moving from the previous cap of 50× to a new ceiling of 100×. The change applies exclusively to two contracts: PF_XBTUSD and PF_ETHUSD, both cash-settled in dollars and available to trade 24 hours a day, seven days a week.
Bitcoin's latest retreat below $80,000 shows how quickly the bond market has reclaimed control of crypto trading, even after lawmakers advanced one of the industry's most closely watched regulatory bills.