Bitcoin Holds Steady Near $77.8K Amid Easing Macro Pressures

Bitcoin is trading around $77,800 on May 21 after consolidating above $77,000 following a slide from above $80,000. Hot April CPI at 3.8% triggered nearly $863 million in Bitcoin ETF outflows and lifted Treasury yields, while U.S.–Iran tensions drove oil above $100 and produced over $670 million in long liquidations. Institutional positives including Charles Schwab’s spot-trading launch and Square onboarding one million Lightning merchants have offered support, yet price action remains range-bound as altcoins such as SOL, LINK and BCH outperform Bitcoin.