Bitcoin opened the new week on a bearish note, dropping below the key psychological level of $77,000 and currently trading around $77,245 (down ~0.71% in the last 24 hours).
Ethereum also faced heavy selling pressure, breaking below $2,100 for the first time in recent weeks. The broader market is showing signs of profit-taking and caution amid lingering geopolitical risks from the Hormuz situation and mixed macro data.
Despite the short-term dip, on-chain metrics still show strong long-term holder accumulation, suggesting this could be a healthy correction rather than the start of a deeper bear phase.
Source: Real-time BTC/USDT price chart (updated May 18, 2026)
