Bitcoin fell 1.4% to $79,807.3, breaking the $80,000 support level on 14 May 2026.
Heightened concerns over higher U.S. interest rates followed stronger April consumer and producer inflation prints, pressuring crypto markets.
U.S. Senate Banking Committee scheduled a markup hearing on the Clarity Act, focusing on a ban on passive stable‑coin interest.
Altcoins mirrored Bitcoin’s decline, with Ether down 1.6% to $2,265.84 and XRP down 2% to $1.4327.