Bitcoin Falls Below $80K Before Key Senate Hearing

​

On May 14, 2026, Bitcoin remained under pressure as investors reacted to rising U.S. rate concerns and a highly anticipated Senate hearing tied to crypto regulation.

Bitcoin Drops Below Key $80K Mark

Bitcoin fell 1.4% to $79,807.30, slipping beneath the major $80,000 support level as stronger U.S. inflation data fueled expectations that interest rates could stay elevated longer than anticipated. Higher borrowing costs generally weaken appetite for speculative assets such as cryptocurrencies.

Clarity Act Hearing Keeps Crypto Traders on Edge

Market focuses also turned to the U.S. Senate Banking Committee’s hearing on the Clarity Act, a proposal designed to create clearer crypto regulations. Debate surrounding stablecoin interest payments remained a major sticking point between banking groups and crypto firms.

Elsewhere, altcoin moved lower alongside Bitcoin. Ether lost 1.6% to $2,265.84, while Solana dropped 4.2%.