As Bitcoin (BTC) struggles to maintain its position, the cryptocurrency remains below $77,000, facing significant pressure from escalating US bond yields and oil prices. Analysts note that the asset is at a critical support level, indicating potential volatility ahead.
On May 19, 2026, the yield on US 30-year bonds reached its highest point since 2007, contributing to a downward trend in risk assets, including Bitcoin. This financial climate has led to increased selling in stocks and precious metals, with gold prices dipping below $4,500.
Recent geopolitical tensions, particularly concerning the US-Iran conflict, have added to the market's unease. Despite news of President Donald Trump's cancellation of military strikes, uncertainties remain high, with calls for readiness for a large-scale assault if negotiations fail.
Market sentiment continues to be influenced by these macroeconomic factors, with rising oil prices compounding concerns over inflation and budget deficits, as noted by analysts like Ole S. Hansen from Saxobank. The interplay of these elements is likely to keep Bitcoin's price under scrutiny in the near future.