- Bitcoin fell below $77,000 as the market fully reversed gains tied to the CLARITY Act rally.
- Michael Saylor hinted at another buy as Strategy’s BTC holdings reached 818,869 BTC.
- The BTC sell-off wiped out roughly $80B in market value and triggered $980M in liquidations.
Bitcoin fell below $77,000 even as bullish crypto policy news continued to move through Washington and Michael Saylor hinted at another BTC purchase.
In a post on X, Saylor shared a Strategy portfolio chart with the caption “₿ig Dot Energy,” a phrase traders quickly tied to another Bitcoin buy announcement.
The chart showed Strategy holding 818,869 BTC worth $64.23 billion as of May 17, 2026, with an average purchase price of $75,540. The firm’s unrealized gain stood at 3.84%, or roughly $2.37 billion. The chart also showed 109 separate Bitcoin purchases since 2020.
According to CoinMarketCap data, BTC traded at $76,987 on Monday after touching an intraday high of $78,539. The asset is now down more than 5% over the past seven days. Ethereum has dropped roughly 9% during the same period.
CLARITY Act Rally Fully Reversed
Market commentator Bull Theory pointed to the sharp reversal that followed progress on the CLARITY Act.
According to the analyst, Bitcoin has now fallen around $4,100 since the bill advanced to a full Senate vote. The move erased roughly $80 billion from Bitcoin’s market capitalization and triggered $980 million in liquidations across crypto markets.
The chart showed BTC futures rallying sharply as the Senate Banking Committee began voting on the CLARITY Act. Bitcoin briefly climbed toward $82,000 after the bill advanced to a full Senate vote before pulling back.
Selling pressure increased further after comments from President Donald Trump stating that no tariff discussions had happened with China. The decline later accelerated, eventually erasing all gains linked to the legislation.
Macro Pressure Hits BTC
US-Iran tensions intensified again after Trump warned Iran that delays in a peace agreement could lead to military action. Oil markets reacted immediately. Brent crude rose 1.78% to $111.2, while WTI crude climbed 2.2% to $107.7.
Higher oil prices pushed inflation fears back into markets. Traders also reacted to stronger inflation data and fading expectations for near-term Federal Reserve rate cuts.
Related: Bitcoin Slips Below $78K as CLARITY Act Rally Fades, Sparking $649M Wipeout
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
