In today’s crypto news, the market is in trouble during this midweek trading session on May 27, 2026, with Bitcoin price losing support at $76,000 and is currently down 1.2% on the day, trading around $75,800. ETH USD is in a similar position, having lost the $2,100 level and flirting dangerously with significant psychological support at $2,000.
Bitcoin’s fall below $76,000 continues the fall that began a fortnight ago, and it is linked to large ETF outflows. The main catalyst is outflows of over $1.9 billion over the past seven trading sessions, while Ethereum’s bearish price action of late may be linked to a ten-day streak of negative ETF flows, with around $485 million flowing out of the various ETH ETF funds, according to CoinGlass data.
On the other hand, Solana and Ripple ETF flows are flashing green, with modest inflows over the past few weeks, but that hasn’t stopped SOL or XRP from falling, both down around -0.5% on the day and trading at $84 and $1.32, respectively.
Separately, President Trump doubled down on the United States’ commitment to crypto, saying he would not let other countries replace the United States as the Bitcoin and crypto capital of the world. Building on his Truth Social platform, Trump said: “This is a major industry and we have to protect it. »
Crypto News Today: Fear and Greed Index Returns to ‘Extreme Fear’ Territory as US-Iran Saga Continues to Spook Investors
Besides ETFs, another major reason for the recent market crisis is the continued hostilities in the Middle East between the United States and Iran.
Starting Monday, May 25, the US military carried out “self-defense strikes” in southern Iran, targeting missile launch sites and Iranian boats in the Strait of Hormuz.
The strikes were reportedly launched after Iranian forces were spotted laying mines in the Strait of Hormuz and a missile site targeted U.S. warplanes during an already fragile ceasefire in the region.
And today, Iran’s Revolutionary Guards threatened retaliation after U.S. strikes targeted missile launch sites and boats near the Strait of Hormuz, sparking more panic in markets.
This caused the Fear and Greed Index to drop from 34/100 (fear) yesterday to 25/100 (extreme fear) today, almost completely retracing the bullish sentiment that was beginning to build over the past month.
However, this sentiment could turn bullish again if a lasting peace deal could be reached between the United States and Iran, although this recent aggression from both sides makes that scenario harder to imagine, at least for now.
(SOURCE: Fear and Greed Index)
ARK’s Cathie Wood Gives Bitcoin Community Hopium With $1.25 Million BTC Claim
In other crypto news today, ARK Invest CEO Cathie Wood raised her five-year Bitcoin bull price target to $1.25 million, with a base case of $750,000.
Cathie Wood, founder and CEO of ARK Invest, is a strong advocate for a higher Bitcoin price, previously targeting $1 million by 2030. In a recent interview with Fox Business, she discussed an emerging trend of institutional adoption of Bitcoin and cryptocurrencies.
Its updated projections include a base case of $750,000 and an optimistic bull case of $1.25 million, which are based on assumptions about future market changes. For new investors, understanding these assumptions is essential, as institutional forecasts often reflect broader market sentiment.
Other high-profile investors, such as Robert Kiyosaki, Arthur Hayes, and Brian Armstrong, also support a $1 million target for the next bull cycle, indicating shared confidence in Bitcoin’s potential.
NEW: Cathie Wood, CEO of Ark Invest, predicts that Bitcoin will reach between $750,000 and $1,250,000 in the next 5 years.
"The main reason is institutional adoption." pic.twitter.com/If1qpL8vnh
– Bitcoin Magazine (@BitcoinMagazine) May 26, 2026
Musk’s secret crypto stash? Why SpaceX and MicroStrategy continue to charge Bitcoin
SpaceX’s IPO filing quietly revealed something the market had underestimated for years: Elon Musk’s rocket company holds 18,712 BTC on its balance sheet, worth about $1.42 billion at Bitcoin’s current price of near $75,954.
Before the S-1 drop, on-chain analysts had only publicly identified about 8,285 BTCm, meaning the real number was more than double what anyone had been tracking. Asset manager Grayscale Research now says SpaceX is on track to become the largest diversified public company holding Bitcoin upon its June 12 listing on Nasdaq.
Read the full story here.
XRP News: Liquidity Increases as Ripple Grows, but Price Remains Stagnant
In today’s XRP news, Ripple filed two new trademark applications in the United States covering treasury operations, prime brokerage, hedge fund management, and securities lending, in addition to a $500 million Wall Street funding round that valued the company at around $40 billion, and yet the price of XRP remains stuck in a months-long range that has frustrated retail investors watching the company grow around them.
The story of title expansion is real. The price of inaction is just as real. The actual implication is more nuanced than either side wants to admit.
Read the full story here.
Crypto’s $9M Texas Power Grab: How Fairshake Bought a State
Crypto-backed political committees just spent more than $9 million to reshape Texas politics in a single primary cycle, and they won almost every race they touched. The most striking result: Houston Democratic Rep. Al Green, a 19-term incumbent and outspoken crypto critic, was defeated in the Texas primary runoff by fellow Democrat Christian Menefee after Fairshake PAC flooded the district with money and messages.
The detail that makes this story more than just a story of political spending is the bipartisan architecture that underpins it. Fairshake didn’t just support Republicans. Its Democratic affiliate, Protect Progress, and its Republican affiliate, Defend American Jobs, operated simultaneously in multiple Texas districts, ensuring that whichever party wins in November will almost certainly be pro-crypto.
Read the full article here.
Bitcoin News Today: Is Mining Dying as TeraWulf Abandons Miners
In today’s Bitcoin news, TeraWulf just made the most outspoken statement about the future of Bitcoin mining that a publicly traded miner has ever made with a real estate transaction. The Maryland-based Bitcoin mining company announced Tuesday that it has acquired the Muskie Data Campus, a 285-acre site located in the EastPark industrial park in eastern Kentucky, and plans to build more than a gigawatt of AI data center capacity there.
To put it plainly: one gigawatt can power around 750,000 homes, and TeraWulf directs every watt toward artificial intelligence, not Bitcoin. WULF stock jumped +9% on the announcement, hitting $25.92 intraday, its highest price in 12 months.
Read the full story here.
The article Crypto News Today (May 27): Bitcoin Loses $76,000 as Institutions Continue Selling ETH and BTC appeared first on 99Bitcoins.
