BTC Under Pressure: Macroeconomic Headwinds Push Price to $77,460
**BTC Under Pressure: Macroeconomic Headwinds Push Price to $77,460**
BTC is retreating this Thursday, May 21, 2026, trading at $77,460, while ETH follows suit at $2,127. The day saw a slight gain of 0.8%, but the week has plunged by 2.3%, indicating persistent selling pressure. Trading volumes remain moderate as investors hesitate to take aggressive positions.
This weekly pullback occurs amidst a tense macroeconomic environment. Traditional markets, particularly U.S. stock indices, are experiencing similar corrections, fueled by fears of monetary tightening. The strengthening correlation between BTC and the Nasdaq serves as a reminder that the king of cryptocurrencies is not immune to global headwinds.
Traders are closely monitoring central bank decisions, which could impact liquidity available for risk assets. Currently, BTC is testing a key support level around $77,000. A break below this level could accelerate sell-offs, whereas a rebound would shift focus back to the $80,000 resistance. ETH, being more volatile, is tracking BTC’s movement without its own specific catalyst. The week ahead promises to be decisive in determining whether this dip is merely a consolidation or the start of a deeper bearish trend.
