Bitcoin hovered around $77,700 after a brief drop below $77,000, with analysts pointing to a leverage flush rather than a deeper downturn.
Bitcoin BTC$75,321.10 traded near $77,733 by midday Hong Kong time, little changed over the past 24 hours, according to CoinDesk data. The price slid as low as $76,685 and failed to hold above $78,000 during U.S. trading hours earlier.
Initial reactions on X highlight Bitcoin consolidating near $77,700 after a $200M liquidation wave seen as a leverage flush rather than a crash. Users note the contrast with Dow Jones all-time highs, with some viewing it as healthy consolidation or shakeout, others warning of potential bearish moves and testing support levels.
🚨 Bitcoin holds firm near $77,700 despite $200M liquidation wave! Not a crash, but a leverage flush amid rising U.S. Treasury yields & geopolitical tensions. Will $75K-$77K support hold or is a bigger move coming? 🔥 #Bitcoin #Crypto #UhurUtrade
— UhurU (@UhurUtradeUk) 22 Mei 2026
Coinbase premium plummeted, a warning from LVRG’s Nick Ruck that institutional sellers are exiting. Bitcoin slipped under $77k, testing $76k support and the 20‑day EMA. Bears are gearing up—will the market turn bearish or bounce back? pic.twitter.com/9Fs9YnIQLI
— SkimNews (@SkimNews_) 22 Mei 2026
BTC dipping under $77K while the Dow hits all-time highs is wild to me📉 Traditional markets pumping while crypto bleds... classic. Is this the shakeout before the real run? #Bitcoin
— LastoLafu (@validator_1k8l) 23 Mei 2026
Fade the consensus at your own peril. BTC consolidating around $76k-$77k is healthy structure, not a dead trend. $100k is just one macro liquidity flush away. Next move: Accumulating key support, ignoring the daily noise. #Ky #Bitcoin #BTC #Crypto #CryptoTwitter pic.twitter.com/bROlWdYYB2
— Ky🛡️ (@HecTheProtector) 22 Mei 2026
The Dow hit a new all-time high.
— Gen Yap (@gen_yap) 23 Mei 2026
Bitcoin closed under $77K.
Mark Cuban sold his BTC, citing gold.
Trump Media moved $200M of BTC with losses on the books.
The relief bid showed up. It just didn't show up for crypto.#Bitcoin #Cryptohttps://t.co/3qY5bDnOee
Imeripotiwa na AI Picha iliyoundwa na AI
Bitcoin climbed back over $77,000 on Wednesday as traders weighed technical support levels against ongoing macroeconomic pressures. The move followed a five-day losing streak and lifted some altcoins alongside major crypto indexes. Analysts highlighted key resistance near $82,500 and stressed the need for renewed ETF inflows to sustain gains.
Bitcoin briefly climbed to just under $78,000 on Tuesday before retreating below $76,000 following a reported $1.289 billion block sale of BlackRock's IBIT shares. The move occurred as US stock indexes posted gains amid optimism over a potential Middle East agreement announced by President Trump. Bitcoin traded near $76,000 after the reversal.
Imeripotiwa na AI
Bitcoin dropped below $60,000 on June 24 as exchange inflows, spot ETF outflows and leveraged long liquidations intensified selling pressure.
Bitcoin rose above $66,000 on Tuesday, marking its highest level in more than a month amid renewed ETF inflows and reduced selling pressure on exchanges.
Imeripotiwa na AI
Bitcoin has dropped below the $60,000 mark, ending months of consolidation and pushing traders toward protective options positions. Exchange inflows have surged while spot ETF outflows continue.
Bitcoin surged above $80,000 for the first time since January during early Asian trading on May 4, 2026, reaching highs around $80,600. The cryptocurrency later pulled back to around $79,000 following reports of an Iranian missile strike on a U.S. warship, which the U.S. denied. Geopolitical risks near the Strait of Hormuz overshadowed strong ETF inflows supporting the rally.
Imeripotiwa na AI
Bitcoin has dipped to 73,000 dollars even with continued ETF inflows and shrinking exchange reserves. The cryptocurrency lost momentum after reaching 83,000 dollars in May. Ethereum traded below 2,000 dollars under similar pressure.