# Bitcoin consolidated near the $77,000 mark on Wednesday amid macro uncertainty.

*fintech · news · 2026-05-20 · The Economic Times*

## Key points

- Bitcoin ETFs saw single-day outflows of $648 million, erasing prior monthly inflow gains.
- Moody’s downgrade of the U.S. credit rating has pushed 30-year Treasury yields to a 17-year high.
- Nearly 60 whale addresses holding 10,000 or more Ethereum have fully emptied or consolidated balances.
- Ethereum spot ETFs recorded nearly $2 billion in net outflows between May 11–18.

**Companies:** Mudrex, CoinDCX, Giottus, Pi42, Delta Exchange
**Countries:** United States, Iran

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/cryptocurrency/bitcoin-consolidates-near-77000-while-us-credit-downgrade-and-648-million-etf-outflows-weigh-on-sentiment/articleshow/131217480.cms)

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