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.
Amid a continued flight from high-risk digital assets, Bitcoin has fallen to its lowest levels of 2026, according to media reports. The decline is attributed to notable outflows from spot Bitcoin ETFs and a bearish monthly options expiry, which intensified selling pressure. Weakness in US equities also weighed on the cryptocurrency, reflecting Bitcoin's correlation with traditional markets.
According to market data, Bitcoin closed at $59318.72 on May 15, 2026, after hitting a session low of $34,750. This drop comes within a broader sell-off across cryptocurrencies, with Bitcoin remaining highly correlated with equities amid interest rate concerns. Reports indicate that Strategy (MicroStrategy)'s Bitcoin holdings are now under pressure as the price falls below its acquisition cost.
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Sign InAt the last available close on May 15, Bitcoin traded at $59318.72 within a daily range of $34,750–$35,390. Traders are eyeing any shift in ETF flows or US monetary policy signals, with no near-term technical or regulatory catalysts. Key support and resistance levels are seen around $34,500 and $35,000 in the coming sessions.