Bitcoin slipped to $77,000 on Monday, extending weekend losses as surging global bond yields and rising oil prices linked to escalating Iran tensions weakened appetite for riskier assets.

The world’s largest cryptocurrency last traded 1.5% lower at $77,011.6 by 09:51 ET (13:51 GMT), its lowest level since May 1.

Bitcoin briefly climbed above $80,000 last week but failed to sustain momentum

Investors were cutting exposure to speculative assets amid mounting fears that higher energy prices could fuel global inflation and keep interest rates elevated for longer.oil prices climbed above $110 per barrel on Monday following reports of drone incidents in the United Arab Emirates and stalled diplomatic efforts over Iran.Rising energy prices triggered a broad selloff in government bonds, sending the benchmark U.S. 10-year Treasury yield to its highest level since early 2025.Traders have scaled back expectations for Federal Reserve interest rate cuts, and now see rates largely unchanged through most of 2026, while futures markets have begun reflecting growing chances of a rate hike this year.The jump in yields hurt demand for cryptocurrencies and other high-growth assets by increasing the attractiveness of safer fixed-income investments.U.S. President Donald Trump on Sunday warned that “time is ticking” for Iran to reach an agreement with Washington, raising concerns about a deeper regional conflict and continued disruptions to global oil supply routes.Bitcoin has struggled to sustain momentum above the $80,000 level despite continued institutional interest and inflows into spot Bitcoin exchange-traded funds.Investors were also cautious ahead of Nvidia earnings later this week, which could influence broader risk sentiment across financial markets.

Saylor’s Strategy snaps up another $2 billion in Bitcoin

Strategy, the Bitcoin treasury company formerly known as MicroStrategy, said Monday it added roughly 24,869 bitcoin to its holdings over the past week, spending approximately $2.01 billion at an average price of about $80,985 per coin.

The purchase, disclosed in a filing with the Securities and Exchange Commission, covers the period between May 11 and May 17 and brings total Bitcoin held by the company led by Michael Saylor to around 843,738 coins, valued at roughly $65 billion at current prices.

Crypto price today: altcoins retreat amid broader risk-off mood

Most altcoins also fell on Monday, tracking the global risk-off mood.

World no.2 crypto Ethereum lost nearly 3% to $2,133.12.

World no. 3 crypto XRP shed 2.2% to $1.3870.

Solana, Cardano and Polygon declined between 1.5% and 2.5%.

Among meme tokens, Dogecoin tumbled around 6%.

Vahid Karaahmetovic contributed reporting.