BTC Drops to $79,123 as $1.1T S&P Selloff Fuels USD Liquidity Rotation

On May 15 2026 global risk assets suffered a sharp selloff that erased roughly $1.1 trillion from the S&P 500 in a single session. Bitcoin fell 2.39 percent to $79,123.32 and Ethereum slid 2.69 percent to $2,220.82 while the S&P 500 index itself dropped 1.24 percent to 7,408.50. Rather than seeking refuge in gold or silver, investors rotated aggressively into USD liquidity instruments, money-market funds and short-duration U.S. Treasuries amid rising yields and higher-for-longer rate expectations, underscoring a broad liquidity-driven flight to cash.