Bitcoin (BTC) sank under $77,000 late Sunday after a fresh threat from U.S. President Donald Trump against Iran rattled investors and renewed inflation worries.
Bitcoin Price Drop Details
The largest cryptocurrency traded at $76,691 by 11:10 p.m. ET on Sunday, down 1.2% on the day. Earlier in the session, Bitcoin printed a low near $76,520.
The decline followed a Truth Social post in which Trump warned that further delays in a peace deal would invite military action. "They better get moving, FAST, or there won't be anything left of them," the president wrote.
Brent crude climbed 1.78% to $111.20, and WTI advanced 2.2% to $107.70 as traders braced for a wider Middle East escalation. The Crypto Fear & Greed Index slid to 27, dropping from a neutral 40 to 50 range a week earlier.
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Analysts Flag Inflation Risk
Andri Fauzan Adziima of Bitrue Research Institute pointed to surging Treasury yields at 12-month highs, a stronger dollar, and geopolitical escalation as the main drivers. Jeff Mei, COO at BTSE, said traders fear persistent oil-driven inflation could push the Federal Reserve toward another rate hike.
From May 11 to May 15 ET, spot Bitcoin ETFs recorded a net outflow of $1.039 billion, ending six consecutive weeks of net inflows. Spot Ether (ETH) ETFs saw a net outflow of $255 million.
Spot Solana (SOL) ETFs posted a net inflow of $58.12 million, while spot XRP (XRP) ETFs took in $60.50 million. Min Jung of Presto Research said managers are rotating into cash as Fed cut bets fade.
Bitcoin Recent Price History
Adziima called the current dip a healthy digestion within a broader uptrend, flagging $74,000 as key downside support. New Fed Chair Kevin Warsh and his tone on rates will be a near-term catalyst, he added.
Bitcoin touched roughly $82,000 days before the slump, lifted by spot ETF inflows and momentum behind the U.S. Clarity Act. The token fell to a session low of $77,614 on Saturday, according to Bitstamp data, after shedding about $4,000 from the May 14 peak. Earlier in May, a deadlocked U.S.-China summit and Iran's rejection of a Trump ceasefire proposal had already triggered sharp pullbacks below $80,000.
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