The crypto market lost $90.3 billion in value within an hour on May 16, driven by U.S. inflation data that exceeded forecasts and ended expectations for Federal Reserve rate cuts. Bitcoin dropped to $77,678, while major altcoins like Ethereum, XRP, Solana, and Dogecoin fell between 3.5% and 6%. Institutional selling, including $290 million outflows from U.S. spot Bitcoin ETFs and significant Bitcoin miner sales, compounded the decline. This triggered mass liquidations, wiping out $696 million in derivatives and pushing Bitcoin below key technical support, raising the risk of further downside toward $70,000–$68,000.
Bitcoin's price dropped below $78,000 after a brief rally above $82,000 triggered by the US Senate Banking Committee's advancement of the Digital Asset Market Clarity Act. The decline reflects renewed macroeconomic pressures, including rising US 10-y...
Bitcoin fell below $78,000, hitting a low of $77,614, as fears of US and Israeli military strikes on Iran intensified. This decline erased Bitcoin's gains for the month and reduced its market cap by over $40 billion to $1.56 trillion. The geopolitica...
Italy's largest bank, Intesa Sanpaolo, more than doubled its cryptocurrency holdings from $100 million in Q4 2025 to $235 million by the end of Q1 2026. The bank entered new positions in Ethereum via BlackRock’s iShares Staked Ethereum Trust and in X...
Ethereum is currently testing a critical support zone between $2,180 and $2,230 as it trades near the bottom of a descending 4-hour channel, signaling potential for a rebound if buyers step in. The ETH/BTC ratio is also holding near a major weekly Fi...
Bitcoin dropped more than 2.6% in under 48 hours as rising U.S. inflation and expectations of Federal Reserve rate hikes increase market uncertainty. Institutional investors are showing cautious positioning, with on-chain data indicating weakening sp...
