{"id":72934,"date":"2026-05-22T21:05:12","date_gmt":"2026-05-22T21:05:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-erases-77k-level-as-bears-eye-negative-may-close\/"},"modified":"2026-05-22T21:05:12","modified_gmt":"2026-05-22T21:05:12","slug":"bitcoin-erases-77k-level-as-bears-eye-negative-may-close","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-erases-77k-level-as-bears-eye-negative-may-close\/","title":{"rendered":"Bitcoin Erases $77K Level as Bears Eye Negative May Close"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin fell below $77,000 on Friday, hitting an intraday low of $76,476 amid a $1,000 flash sell-off.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The drop helped drag the total crypto market cap down to $2.65 trillion.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitunix analysts warn that if U.S. Treasury yields trend higher, BTC faces severe expansion in volatility.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2> <span>Crypto<\/span> <span>Market Cap<\/span> Shrinks as Monthly Losses Loom<\/h2>\n<p> <span>Bitcoin<\/span> was on course to close the five-day workweek on the losing side after it slipped below $77,000 just before midday Friday. According to data from Bitstamp, the <span>cryptocurrency<\/span> briefly plunged to an intraday low of $76,476 following a sell-off that saw it shed nearly $1,000 in little over two hours. At 12:40 p.m. EST, <span>bitcoin<\/span> had recovered to around $76,800 and looked poised to test the <a href=\"https:\/\/news.bitcoin.com\/bitcoin-traders-push-btc-back-to-77k-after-trump-freezes-iran-response\/\">$77,000 resistance level<\/a>.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>Well before the afternoon sell-off, the <span>cryptocurrency<\/span> generally oscillated between $77,200 and just under $78,000, a trend that began Thursday afternoon. However, shortly after 9 a.m., significant selling pressure forced the price down, leaving <span>bitcoin<\/span> in the red for the second consecutive day.<\/p>\n<p>The retreat pushed <span>bitcoin<\/span>\u2019s weekly losses to 3 percent and dragged its market capitalization to $1.54 trillion, down from $1.55 trillion on May 21. This decline, combined with flat <span>altcoin<\/span> price action, slid the total <span>crypto<\/span> market capitalization to $2.65 trillion. With one week left in the month, <span>bitcoin<\/span>\u2019s <span>bearish<\/span> trend points to a negative monthly close, locking in double-digit losses year-to-date.<\/p>\n<p> <span>Bitcoin<\/span>\u2019s price action decoupled from global equities, which largely rallied on optimism surrounding diplomatic breakthroughs aimed at permanently resolving the U.S.-Iran conflict. De-escalation narrative gained further traction following reports that Gulf states actively lobbied Washington against resuming combat operations. This concerted diplomatic pressure reassured capital markets that a near-term return to kinetic warfare remains off the table.<\/p>\n<p>Already, cooling geopolitical tensions have caused WTI and Brent crude oil prices to tumble below $100 and $105 per barrel, respectively. Easing oil prices, in turn, took the steam out of rising bond yields, with the 10-year U.S. Treasury yield ticking down to 4.55 percent after testing 4.63 percent earlier in the week. According to one report, this slight cooling helped stabilize stock valuations, particularly within high-growth tech sectors.<\/p>\n<p>Meanwhile, Bitunix analysts believe that within the <span>crypto<\/span> market, <a href=\"https:\/\/news.bitcoin.com\/bitfinex-analysts-warn-85900-btc-resistance-could-cap-any-recovery-rally\/\">bitcoin\u2019s significance<\/a> is evolving beyond that of a traditional risk asset, increasingly resembling a real-time barometer for global <span>liquidity<\/span> conditions and investor confidence. They argue that when bond markets begin pricing in renewed rate hikes while oil and <span>gold<\/span> rise simultaneously, it signals that demand for defensive positioning is strengthening, which directly affects capital flows into high- <span>volatility<\/span> assets.<\/p>\n<p>\u201cThe market\u2019s true concern is no longer a single <a href=\"http:\/\/www.bitcoin.com\/get-started\/bull-market-vs-bear-market\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bearish<\/a> catalyst, but whether global capital is beginning to rotate away from growth-oriented assets toward defensive allocations. If Treasury yields continue trending higher, <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-volatility\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volatility<\/a> could expand further, forcing markets to reassess the <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> sector\u2019s actual resilience under a prolonged high-rate environment,\u201d the analysts said.<\/p>\n<div class=\"not-prose my-3 lg:my-4\">\n<div class=\"flex flex-col overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] md:hidden\">\n<div class=\"relative aspect-video w-full overflow-hidden rounded-[15px]\"><\/p>\n<h3 class=\"absolute inset-x-0 bottom-0 m-0 p-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-white\">Bitcoin Bulls Lose Control After $78,000 Rejection Wipes out Overnight Recovery<\/h3>\n<\/div>\n<div class=\"flex flex-col gap-2.5 px-1 pt-2.5 pb-1\">\n<p class=\"m-0 line-clamp-2 text-xs leading-[1.3] !text-[#67656E]\">Bitcoin has erased its recent gains, failing to hold the $78,000 threshold and dropping to just above $77,000. [key_takeaways] Key\u2026<\/p>\n<p><a class=\"flex h-[38px] w-full items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white no-underline\" href=\"https:\/\/news.bitcoin.com\/bitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery\/\">Read Now<\/a><\/div>\n<\/div>\n<div class=\"hidden overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] md:flex md:flex-row md:gap-3 lg:hidden\">\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Bulls Lose Control After $78,000 Rejection Wipes out Overnight Recovery\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-between gap-2\">\n<h3 class=\"m-0 line-clamp-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-[#1C1C1C]\">Bitcoin Bulls Lose Control After $78,000 Rejection Wipes out Overnight Recovery<\/h3>\n<p class=\"m-0 line-clamp-2 text-sm leading-[1.3] !text-[#67656E]\">Bitcoin has erased its recent gains, failing to hold the $78,000 threshold and dropping to just above $77,000. [key_takeaways] Key\u2026<\/p>\n<p><a class=\"flex h-[38px] w-full items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white no-underline\" href=\"https:\/\/news.bitcoin.com\/bitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery\/\">Read Now<\/a><\/div>\n<\/div>\n<div class=\"hidden overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] lg:flex lg:flex-row lg:gap-4\">\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Bulls Lose Control After $78,000 Rejection Wipes out Overnight Recovery\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fbitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<div class=\"flex items-start gap-3\">\n<h3 class=\"m-0 min-w-0 flex-1 line-clamp-2 text-2xl font-bold capitalize leading-[1.17] tracking-[-0.48px] !text-[#1C1C1C]\">Bitcoin Bulls Lose Control After $78,000 Rejection Wipes out Overnight Recovery<\/h3>\n<p><a class=\"flex h-12 w-[180px] shrink-0 items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white no-underline\" href=\"https:\/\/news.bitcoin.com\/bitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery\/\">Read Now<\/a><\/div>\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Bitcoin has erased its recent gains, failing to hold the $78,000 threshold and dropping to just above $77,000. [key_takeaways] Key\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/bitcoin-erases-77k-level-as-bears-eye-negative-may-close\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitcoin fell below $77,000 on Friday, hitting an intraday low of $76,476 amid a $1,000 flash sell-off. The drop helped drag the total crypto market cap down to $2.65 trillion. Bitunix analysts warn that if U.S. Treasury yields trend higher, BTC faces severe expansion in volatility. [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":72935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72934"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72934"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72935"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}