Bitcoin (BTC) fell below the $80,000 level on May 13 after repeatedly failing to break above $82,200 over the prior seven days. It was trading around $79,340 at press time, down nearly 3% over the week, while more than $91.5 million in crypto positions were liquidated in the past 24 hours, including over $77.5 million in longs.

Veteran trader Peter Brandt argues Bitcoin has "NOT NOT NOT" formed a dependable bottom and says the current bounce is only a technical move inside a bearish corridor. U.S. producer inflation data showed PPI YoY rose to 6% versus a 4.8% forecast and Core PPI YoY reached 5.2%, adding macro pressure to his view. Brandt highlights BTC near $79,660 and flags $79,145 as a key daily-close level tied to ATR.

U.S. April PPI data released on May 13 came in well above forecasts, and Bitcoin fell below $80,000, trading around $79,800 during the session. The move left BTC about $1,058 under the MA200 at $80,858 and pushed the 1-hour RSI to 31.31, while on-chain readings tied to short-term holders put added focus on the $80,000–$81,000 "reset" area.

Metaplanet Inc. (TSE: 3350) released its Q1 2026 results, saying it held 40,177 BTC as of March 31, 2026 and recorded a quarterly net loss of ¥114,493 million ($725.56 million). The company said the loss largely reflected non-cash bitcoin valuation losses of ¥116,356 million ($737.36 million) as prices corrected, while it reaffirmed its FY2026 outlook of ¥16,000 million in net sales and ¥11,400 million in operating profit.

On May 13, 2026 at 8 a.m. ET, bitcoin traded around $80,550, consolidating beneath the $82,000-$82,800 resistance band. The asset showed higher lows from the April bottom near $70,480, while support was tracked around $79,000-$80,000 and a key reclaim level was cited near $81,500. Market metrics at that time put BTC’s market cap at $1.61 trillion with 24-hour volume at $40.58 billion.

Large, low-activity "conviction buyers" have expanded their Bitcoin holdings by nearly 300% year-to-date in 2026, reaching about 4 million BTC. The group added roughly 3 million BTC this year after gradually taking profits from February 2023 through October 2025, valuing the 2026 additions at around $243 billion at the time of analysis.

Strategy is estimated to have added about 2,110 BTC on May 13, with the purchase funded by new proceeds from its STRC perpetual preferred stock program. The company previously said it raised $206 million by selling 2.12 million STRC shares, and its bitcoin holdings would climb to roughly 820,979 BTC if the estimate is confirmed.

On May 12, the U.S. Senate confirmed Kevin Warsh to the Federal Reserve Board of Governors in a 51-45 vote, with a separate chairmanship vote expected Wednesday. Bitcoin stayed above $80,000 after the news, and as of May 13, 2026 at 07:00 UTC it traded at $80,955, down 0.1% over 24 hours. Warsh has previously called Bitcoin "the new gold for people under 40" and said he plans to divest most crypto-related holdings.