$BITCOIN and $ETH extended losses on Tuesday, May 19, 2026, as traders remained cautious following fresh geopolitical developments. Markets reacted after U.S. President Donald Trump announced that planned attacks on Iran had been paused to allow negotiations to continue. While the statement helped calm panic temporarily, crypto markets stayed under pressure as investors continued to worry about inflation, surging oil prices, and growing global uncertainty.
Bitcoin traded near $77,000 after briefly dropping below $76,700, marking one of its weakest levels this month. Analysts pointed to rising bond yields, heavy liquidations, and broader fear across risk assets as key drivers behind the decline. More than $255 million in Bitcoin positions were reportedly liquidated during the latest selloff.
Ethereum also moved lower as traders reduced exposure to major altcoins amid rising volatility. ETH liquidations surpassed $328 million over the past 24 hours during the broader crypto market downturn.
Markets saw a short-term rebound after Trump said there was a “very good chance” of reaching a deal with Iran, helping oil prices retreat from recent highs above $110 per barrel. However, investors remain unconvinced that tensions have fully eased, and the ongoing uncertainty continues to weigh on both traditional financial markets and digital assets.
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