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Crypto market loses $90B as Bitcoin and XRP prices fall amid inflation worries and Fed rate concerns.

Market News
17 May 2026
Tokenpost
View Source
Bearish
pluang ai news

The cryptocurrency market dropped nearly $90 billion in value due to rising inflation data and reduced expectations for Federal Reserve interest rate cuts in 2026. Bitcoin fell below $79,000, briefly hitting $77,678, while Ethereum and XRP also declined. Institutional investors pulled about $290 million from spot Bitcoin ETFs, intensifying bearish sentiment. Meanwhile, Iran launched a Bitcoin-based maritime insurance platform for the Strait of Hormuz, signaling growing crypto use in global trade and geopolitics. Analysts are watching key support levels for Bitcoin and XRP to gauge potential market direction.

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