Key Highlights

• Bitcoin opened at $81,069 but faded sharply through Friday’s session, falling below $80,000 to trade near $79,300 as surging bond yields erased the CLARITY Act rally, with total crypto market capitalization near $2.68 trillion.
• U.S. spot Bitcoin ETFs recorded $635 million in outflows on May 13 — the largest since January 29 — led by BlackRock’s IBIT at $285 million, and analysts at Decrypt described the Friday selloff as institutional profit-taking amid surging Treasury yields rather than panic.
• The Fear & Greed Index stood at 49 (Fear), up from 34 earlier this week, but Bitcoin’s inability to hold $80,000 on Warsh’s first day as Fed Chair suggests the market is pricing in a higher-for-longer rate…