Crypto News Today (May 27): Bitcoin Loses $76K as Institutions Continue to Sell ETH & BTC
In crypto news today, the market is struggling during this midweek trading session on May 27, 2026, with the Bitcoin price losing support at $76,000 and 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 heavy psychological support at $2,000.
Bitcoin’s drop below $76,000 continues the slump that began a fortnight ago, and it’s tied to heavy ETF outflows. The primary catalyst is over $1.9Bn in outflows over the last seven trading sessions, while Ethereum’s bearish price action of late can be tied to a ten-day streak of negative ETF flows, with around $485M exiting the various ETH ETF funds, per CoinGlass data.
On the other hand, Solana and Ripple ETF flows are flashing green, with modest inflows in recent weeks, yet this hasn’t stopped SOL or XRP from falling in price, both down around -0.5% on the day and trading at $84 and $1.32, respectively.
In other Bitcoin news, President Trump has doubled down on the USA’s commitment to crypto, saying he will not let other countries replace the US as the Bitcoin & crypto capital of the world. Taking to his Truth Social platform, Trump said, “It is a major industry, and we must protect it.”
Crypto News Today: Fear & Greed Index Back to ‘Extreme Fear’ Territory as US-Iran Saga Continues to Spook Investors
Aside from ETFs, another major reason for the recent slump across markets is the ongoing hostilities in the Middle East between the US and Iran.
Beginning on 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 US warplanes during an already fragile ceasefire in the region.
And today, Iran’s Revolutionary Guard has threatened retaliation after the US strikes targeted missile launch sites and boats near the Strait of Hormuz, sparking further panic across the markets.
This has resulted in the Fear & Greed Index dropping from 34/100 (Fear) yesterday to 25/100 (Extreme Fear) today, almost fully retracing the bullish sentiment that was beginning to build over the past month.
However, this sentiment could shift to bullish once more if a lasting peace deal can be reached between the US and Iran, although this recent aggression from both sides makes that scenario harder to imagine right now, at least.
(SOURCE: Fear & Greed Index)
ARK’s Cathie Wood Offers Hopium to the Bitcoin Community With $1.25M BTC Claim
In other crypto news today, ARK Invest CEO Cathie Wood has raised her five-year Bitcoin bull-case price target to $1.25M, with a base case of $750,000.
Cathie Wood, founder and CEO of ARK Invest, is a prominent advocate for a higher Bitcoin price, previously aiming for $1M by 2030. In a recent interview with Fox Business, she discussed an emerging trend of institutional adoption of Bitcoin and cryptocurrencies.
Her updated projections include a base case of $750,000 and an optimistic bull case of $1.25M, which are based on assumptions about future market changes. For new investors, it is essential to understand these assumptions, as institutional forecasts often reflect broader market sentiment.
Other prominent investors, such as Robert Kiyosaki, Arthur Hayes, and Brian Armstrong, also support a $1M target for the upcoming bull cycle, indicating a shared confidence in Bitcoin’s potential.
NEW: Ark Invest CEO Cathie Wood predicts Bitcoin will be $750,000—$1,250,000 in the next 5 years
"The biggest reason is institutional adoption." pic.twitter.com/If1qpL8vnh
— Bitcoin Magazine (@BitcoinMagazine) May 26, 2026
Crypto’s $9M Texas Power Grab: How Fairshake Bought a State
Crypto-backed political committees just spent more than $9M to reshape Texas politics in a single primary cycle, and they won nearly every race they touched. The most striking result: Houston Democrat Rep. Al Green, a 19-term incumbent and vocal crypto critic, was defeated in the Texas Primary Runoffs by fellow Democrat Christian Menefee after Fairshake PAC flooded the district with money and messaging.
The detail that makes this more than a typical political spending story is the bipartisan architecture behind it. Fairshake didn’t just back Republicans. Its Democratic affiliate, Protect Progress, and its Republican affiliate, Defend American Jobs, operated simultaneously across multiple Texas districts, ensuring that whichever party wins in November will almost certainly be crypto-friendly.
Read the full article here.
Bitcoin News Today: Is Mining Dying as TeraWulf Abandons Miners
In Bitcoin news today, TeraWulf just made the most candid statement about Bitcoin mining’s future that any publicly traded miner has ever made with a real estate deal. The Maryland-based Bitcoin mining firm announced Tuesday that it has acquired the Muskie Data Campus, a 285-acre site within eastern Kentucky’s EastPark Industrial Park, and plans to build more than 1 gigawatt of AI data center capacity there.
To put that in plain English: one gigawatt can power roughly 750,000 homes, and TeraWulf is pointing every watt of it at 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.
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