Global markets hit as bitcoin slides below $77,000
PUBLISHED May 26, 2026, 8:54 AM ET
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United States – Bitcoin fell below the key $77,000 support level over the weekend of May 25, 2026, sparking a major liquidation wave across global cryptocurrency markets. The world’s largest digital asset dropped under $75,000 for the first time in more than a month, hitting an intraday low of $74,344 before attempting a rebound around $75,500. Bitcoin traded roughly flat at $77,352.26 over the past 24 hours but remained down 2.7% for the week and 25% since the start of 2026. The move triggered about $917 million in crypto futures liquidations over a 24‑hour period and pushed total crypto market capitalization down 5.57% on the week to about $2.57 trillion. United States – Analysts described the four‑day losing streak as one of 2026’s most significant technical breakdowns, with bitcoin surrendering all of its May gains and testing price levels last seen in early April. The token now trades roughly 47% below its 2025 record high of $126,080, after an initial break from the peak that followed President Donald Trump’s October 2025 announcement of a 100% tariff on Chinese imports, a move that prompted a broad risk‑off shift among investors. Overleveraged positions magnified the downturn as traders who had borrowed heavily to buy bitcoin were forced to unwind, while bitcoin exchange‑traded funds that previously attracted steady inflows saw around $1 billion in weekly outflows through May 17 as institutional investors cut back crypto exposure amid mounting macroeconomic pressure.
By Sarah Whitman | JQJO News
Timeline of Events
- 2025 Bitcoin hits $126,080 all‑time high
- Oct 2025 Trump announces 100% China tariffs
- Early Apr 2026 Bitcoin last trades near current levels
- May 17 2026 Bitcoin ETFs record $1 billion outflows
- Past week Crypto market value drops 5.57 percent
- Weekend of May 25 2026 Bitcoin falls below $77,000 support
- Same 24 hours $917 million crypto futures liquidated
- Today Bitcoin hovering near $75,500 attempting rebound
News Intelligence
- Bitcoin's drop affects your wallet. If you own bitcoin, your investment value has dipped. If you were thinking about buying, it might be a good time. But remember, bitcoin is volatile. It can rise or fall quickly. Always invest wisely.
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