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Why the crypto market crashed today and dragged Bitcoin below $78k

Crypto.News Published 16.05.2026 14:49

The crypto market lost $90B in an hour as PPI hit 6%, BlackRock's IBIT shed $136M, and 154,000 traders were liquidated in 24 hours.

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Market Prices

Bitcoin

Bitcoin

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BTC -1.42%

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Ethereum

$2,172.10

ETH -2.32%

XRP

XRP

$1.41

XRP -2.17%

Solana

Solana

$86.53

SOL -3.28%

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Cardano

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ADA -2.11%

Stellar

Stellar

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XLM -1.86%

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