Bitcoin fell 1.4% to $79,807.3, breaking the $80,000 support level on 14 May 2026.
U.S. Senate Banking Committee scheduled a markup hearing on the Clarity Act, focusing on banning passive interest on stablecoins.
Strong April consumer and producer inflation prints heightened expectations of higher U.S. interest rates, pressuring crypto markets.
Altcoins mirrored Bitcoin’s decline, with Ether down 1.6% to $2,265.84 and XRP down 2% to $1.4327.