Bitcoin (BTC) fell to $76,500, marking a two-week low, as risk assets weakened and leveraged longs were forced out. A post said more than $500 million in crypto long positions were liquidated in the last 60 minutes after BTC dropped below $77,000. Traders are watching the $73,800–$75,000 zone and an options market with about $14 billion in open interest heading into expiry.

Bitcoin Depot, formerly North America's largest Bitcoin ATM operator with 9,276 kiosks across the U.S., Canada, and Australia, has entered a voluntary Chapter 11 process and taken its network offline. The Nasdaq-listed firm (BTCD) reported Q1 revenue down 49% year over year, gross profit falling 85% to $4.5 million, and results flipping from a $12.2 million profit to a $9.5 million loss.

Bitcoin Depot filed for Chapter 11 protection on May 18, 2026, and its entire fleet of 9,276 Bitcoin ATM kiosks went offline that day. The company reported preliminary Q1 2026 revenue of $83.5M, down 49.2% year-over-year, alongside a $9.5M net loss.

The global Bitcoin ATM network shrank in early 2026, slipping from 39,456 machines on January 1 to 38,484 by May 18. The decline only started in March after 360 ATMs were added in January and February, suggesting the shift did not track BTC's price moves.

SpaceX holds 8,285 Bitcoin valued at roughly $637 million, putting more than $600 million of BTC on its balance sheet. The figures were compiled on May 18 from Arkham Intelligence data. The company is also targeting a June 12, 2026 Nasdaq listing under the ticker SPCX.

Iran has rolled out a maritime insurance platform linked to cargo transiting the Strait of Hormuz, with reports saying related payments can be settled in Bitcoin. The initiative, promoted by Iranian state-linked outlets, is presented as an alternative to dollar-based infrastructure while raising unresolved questions around sanctions exposure and legal protections.

Bitcoin (BTC) extended losses for a fourth straight day on Monday, trading below $77,000 after sliding nearly 6% last week. Risk appetite weakened as persistent US-listed spot Bitcoin ETF selling and hotter-than-expected US inflation data pressured sentiment. CoinGlass data shows US spot BTC ETFs posted about $1 billion in net outflows last week, the largest weekly withdrawal since late January.

Bitcoin slipped under $77,000 on Monday, extending a four-day decline as crypto markets saw $657 million in liquidations over 24 hours. Long positions accounted for $584 million of that total, while BTC traded around $76,000–$76,500 at press time with the 50-day EMA at $76,716 in focus.