The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The crypto market experienced a sharp liquidation flush, with Bitcoin and Ether leading losses exceeding $1 billion, according to CoinDesk. The selling pressure pushed Bitcoin to its lowest levels since early June, amid growing correlation with the AI trade that has recently seen volatility.
Despite the liquidation wave, strong earnings from Micron and SK Hynix's US listing plans helped restore confidence in the tech sector, potentially limiting further downside for cryptocurrencies. Per market data as of May 15, 2026, Bitcoin was at $34.98, with a daily range of $34.75–$35.39.
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Sign InTraders are monitoring developments in the AI trade and upcoming US inflation data, which could determine Bitcoin's near-term direction. Support near $34.75 (the low in available data) remains a key level, with renewed selling pressure possible if correlation with tech stocks persists.