Bitcoin Reclaims $77K as Senate Curbs Iran War Powers Despite ETF Outflows

Bitcoin has climbed back toward $77,000 on May 20 after the U.S. Senate advanced curbs on presidential Iran war powers and Trump paused strikes, easing geopolitical risk and spurring risk-on flows. The rebound follows a sharp four-day slide from the $82,000 peak that triggered $657 million in liquidations and coincided with more than $1.2 billion in spot Bitcoin ETF outflows over three days. Persistent macro headwinds from 10-year Treasury yields above 4.6 percent and oil above $100 capped gains, leaving BTC testing the 50-day moving average near $76,745 amid mixed sentiment and weak spot demand.