Bitcoin Slides Under $80,000 Ahead of ETF Reopen
Bitcoin traded near $78,183 Saturday after U.S. spot bitcoin ETFs saw $290.4 million in net outflows on May 15, led by BlackRock’s IBIT. Rising U.S. Treasury yields and oil prices triggered a broader selloff in risk assets, with ether down 2.3% at $2,179.13. The S&P 500 fell 1.2% Friday. The Senate Banking Committee advanced the Clarity Act crypto bill, but its passage remains uncertain.