21 May 2026 - Daily crypto wrap: Markets faced a challenging week as US spot Bitcoin ETFs recorded nearly US$2 billion in outflows over seven trading days, with US$648.6M withdrawn on 18 May alone. Rising Treasury yields, the 30-year hit 5.198%, its highest since 2007, and sticky inflation data at 3.8% YoY are compressing risk appetite across high-beta assets. Bitcoin traded down to around US$76,500 before stabilising. Despite the macro headwinds, longer-term structural developments remain constructive. @tether consolidated its position in Twenty-One Capital, the second-largest public Bitcoin holder at 43,514 BTC. The CLARITY Act continues to advance with a 75% passage probability following a bipartisan Senate Banking Committee vote, a meaningful step toward the regulatory clarity that institutional capital needs. South Carolina also enacted pro-Bitcoin legislation, banning CBDCs and protecting self-custody rights. @ethereum continues to face structural pressure, trading near US$2,100 with ETF outflows of US$255M. Watch for whether ETH can reclaim key support levels in the sessions ahead. Key level to watch: BTC US$78,000 as near-term support. A return above US$82,000 would signal renewed momentum. @BTCMarkets