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Bitcoin slips toward 79K as Treasury yields and oil surge spark broad risk off selling
Economy
Published on 16 May 2026
Bitcoin stalls after failing a key 82K range again
Bitcoin drifted toward $79,000 as rising US Treasury yields, renewed inflation worries, and high oil prices triggered a risk-off mood across global markets. The pullback followed a failed attempt to regain the $82,000–$82,500 resistance band, with trading around $78,799. In 24 hours, Bitcoin fell about 2% and Ethereum slipped 1%. Overall crypto market value fell roughly 2% to $2.63 trillion, while analysts flagged ETF flows, macro liquidity, and on-chain behavior as key for the next move.
- Bitcoin traded near $78,799 after dipping toward $79,000
- US Treasury yields, inflation fears, and high oil prices weighed on risk assets
- Global crypto market capitalization fell 2% to about $2.63 trillion
- Ethereum fell to roughly $2,217; in a week, BTC down 2% and ETH down 4%
- Key resistance sits at $82,000–$82,500; a break lower risks $77,800 area
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times