Morning Minute: Bitcoin Slides Back to $77K on Rising Bond Yields, Oil Spike

Tyler Warner

Mon, May 18, 2026 astatine 7:05 AM CDT 6 min read

Morning Minute is simply a regular newsletter written by Tyler Warner. The investigation and opinions expressed are his ain and bash not needfully bespeak those of Decrypt. And check retired our new regular quality show covering each of the apical stories successful 5 minutes, downloadable connected Apple Pod oregon Spotify.

GM!

Today’s apical news:

• Crypto majors are reddish arsenic yields rise, lipid spikes; BTC astatine $77.4k

• SpaceX goes unrecorded for pre-IPO trading connected Hyperliquid, sees $40M measurement successful 12 hrs

• BTC ETFs spot astir $1B successful outflows past week, snapping 6-week inflow streak

• Aave restores WETH LTV ratios to pre-exploit levels

• Trump household disclosures amusement aggregate crypto trades including COIN, HOOD & MARA

Bitcoin Slides Back to $77K connected Rising Bond Yields, Oil Spike

Bitcoin fell from $82,000 Thursday to sub-$77,000 by Sunday, and U.S. Treasury yields were the apt trigger.

The 10-year output deed 4.6% and the 30-year crossed 5% for the archetypal clip since May 2025. Odds of a complaint hike successful 2026 jumped to 40%.

The ETFs didn’t help, with Bitcoin spot ETFs bleeding $1 cardinal successful nett outflows crossed the week, snapping a six-week inflow streak. All of that outflow contempt Saylor selling capable STRC to bargain 15,000+ Bitcoin (we’ll spot however overmuch helium really bought today).

Bitcoin Slides Under $77K arsenic Crypto Liquidations Top $672M Amid Bond Sell-Off

ETH fared adjacent worse, falling astir 10% connected the week to $2,110 and Solana wholly retraced its caller rally to adjacent $100, settling backmost astatine $84.

The lone agleam spot for crypto majors is Hyperliquid which managed to leap 10% connected the week to $45, connected its caller Coinbase concern and arsenic connection spreads that pre-IPO stocks are seeing terms find connected its HIP-3 platform. On that note, SpaceX debuted past nighttime and has already seen $40M successful measurement connected Hyperliquid—so you tin expect that to get much coverage. And perhaps, caller pushback…

Wall Street’s Biggest Exchanges Are Trying to Kneecap Hyperliquid

CME Group and Intercontinental Exchange (NYSE parent) have been privately lobbying the CFTC and members of Congress to rein successful Hyperliquid, Bloomberg reported Friday.

The exchanges told regulators that Hyperliquid’s decentralized operation and mostly anonymous trading situation could let atrocious actors to manipulate prices oregon circumvent fiscal sanctions, peculiarly successful lipid markets, wherever Hyperliquid has seen explosive measurement maturation since the Iran warfare began.

Hyperliquid’s lipid perpetual futures went from $339 cardinal successful cumulative trading measurement successful precocious February to implicit $7.3 cardinal by March 12. The speech present captures 34-44% of the decentralized derivatives market, with $619 cardinal successful full Q1 2026 trading volume.