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28 May 2026, 05:25

Humanity, Render, Ondo, Worldcoin prices dive as crypto liquidations jump

Some of the best-performing cryptocurrencies have turned around and become the top laggards today amid the ongoing weakness in the industry. Humanity (H) token dropped by 16%, while Render (RNDR), Ondo (ONDO), and Worldcoin (WLD) fell by over 10%. Some of the other top laggards in the crypto market were Virtuals Protocol (VIRTUAL), Celestia (TIA), LayerZero, and Morpho. In total, the market capitalization of coins tumbled by over 3% in the last 24 hours to $2.45 trillion. Bitcoin, the biggest cryptocurrency, dropped to $72,000. Crypto liquidations are soaring today The ongoing crypto market crash coincided with the surging liquidations as over 167k traders were wiped out. Liquidations jumped by 168% in the last 24 hours to over $927 million. Bitcoin positions worth over $362 million were wiped out, the biggest single-day increase in over a week. Ethereum positions worth $240 million were also wiped out. Tokens like Worldcoin, Humanity, Ondo, and Worldcoin, which soared a few days ago, also suffered substantial liquidations as traders were caught off guard. For example, Worldcoin’s liquidations worth over $10 million has happened in the last three consecutive days. Notably, bearish positions worth over $9 million were liquidated on May 26 as the coin jumped. Liquidation is a situation where crypto exchanges are forced to close leveraged positions when they make substantial losses. In most cases, this liquidation puts more pressure on a cryptocurrency because it leads to more selling pressure. US-Iran tensions are driving the sell-off The crypto market crash has coincided with the retreat of stock market indices like Kospi , Nikkei 225, and ASX 200. US stock futures like the Dow Jones and Nasdaq 100 are also deeply in red today. At the same time, the US dollar index (DXY) has continued its recent rally and is nearing the key resistance level at $100. This performance is a sign that investors are embracing a risk-off sentiment in the market, which is a bearish sign. This sentiment is being driven by the fact that the US and Iran are likely moving towards a war. The US has continued to break terms of the ongoing ceasefire. In addition to having a blockade - an act of war -the military has continued to hit some targets this week. Isreal, on the other hand, has continued to launch strikes against Lebanon, a move aimed at scuttling the ongoing talks between the US and Israel. Therefore, a resumption of war between the US and Iran would be highly bearish for Bitcoin and altcoins like Humanity, Worldcoin, and Ondo. For one, it would lead to higher crude oil prices , which will drive US inflation much higher. Indeed, recent data showed that the headline US CPI jumped to 3.8%, while the Producer Price Index (PPI) rose to 6%. These numbers pushed more Fed officials to predict that the bank should hike interest rates, a move that will affect Bitcoin and altcoins. The post Humanity, Render, Ondo, Worldcoin prices dive as crypto liquidations jump appeared first on Invezz

28 May 2026, 05:05

New Zealand Dollar Slides as Government Unveils Fiscal Blueprint

BitcoinWorld New Zealand Dollar Slides as Government Unveils Fiscal Blueprint The New Zealand Dollar (NZD) experienced a notable decline against major counterparts on Thursday, following the government’s release of its latest annual budget. The currency’s move lower reflects a market assessment of the fiscal roadmap, with traders scrutinizing spending plans, revenue forecasts, and the overall economic outlook presented by Finance Minister Nicola Willis. Market Reaction to the Fiscal Announcement The NZD weakened by approximately 0.6% against the US Dollar in the hours immediately after the budget was tabled in Parliament. Analysts pointed to several key factors driving the sell-off. The budget projected a delayed return to surplus, now expected in 2027-28, later than previously forecast. Additionally, gross domestic product (GDP) growth forecasts were revised downward for the current fiscal year, contributing to a more cautious sentiment among currency traders. The government’s spending envelope was also a focal point. While new investments in health, infrastructure, and law and order were announced, the overall fiscal stance was perceived as expansionary at a time when the Reserve Bank of New Zealand (RBNZ) is still grappling with above-target inflation. This tension between fiscal and monetary policy goals often creates headwinds for a currency. Key Budget Details and Economic Projections Finance Minister Willis presented a budget that aimed to balance cost-of-living relief for households with fiscal discipline. Core elements included: Tax adjustments: Changes to income tax brackets designed to provide modest relief for middle-income earners. Infrastructure spending: Increased allocations for transport, housing, and renewable energy projects. Health and education: Continued funding increases for public services, though with an emphasis on efficiency gains. The Treasury’s accompanying economic and fiscal update revised down near-term GDP growth to around 1.5% for the current year, citing persistent global headwinds and subdued domestic demand. This weaker growth outlook directly influenced the NZD’s depreciation, as it reduces the likelihood of aggressive interest rate hikes from the RBNZ. Implications for Forex Traders and Investors For currency markets, the budget’s signal is one of a slower economic recovery and a potentially more accommodative monetary policy path. The NZD is now trading near key technical support levels against the USD, and a break below could open the door to further losses. Traders will be closely watching upcoming RBNZ commentary for any shift in tone regarding interest rates. Bond markets also reacted, with yields on New Zealand government bonds edging lower as the budget’s larger-than-expected borrowing program was partially offset by weaker growth projections. This combination typically weighs on a currency, as lower yields reduce the attractiveness of holding NZD-denominated assets. Conclusion The New Zealand Dollar’s post-budget decline underscores the market’s focus on the interplay between fiscal policy and economic fundamentals. While the government aims to support households and invest in long-term infrastructure, the immediate market verdict has been negative, reflecting concerns over the pace of fiscal consolidation and the growth outlook. The NZD’s trajectory in the coming weeks will likely hinge on incoming economic data and any further clarity from the RBNZ on its policy stance. FAQs Q1: Why did the New Zealand Dollar drop after the budget? The NZD fell because the budget revealed weaker-than-expected GDP growth forecasts and a delayed return to a fiscal surplus. This dampened investor confidence and reduced expectations for aggressive interest rate hikes by the Reserve Bank of New Zealand. Q2: What are the main factors affecting the NZD right now? The NZD is being influenced by domestic fiscal policy (the budget), the Reserve Bank’s monetary policy stance, global economic conditions (particularly in China, a major trading partner), and commodity prices. The budget added to existing uncertainty about the pace of economic recovery. Q3: How might the budget affect interest rates in New Zealand? The budget’s expansionary fiscal measures could keep inflationary pressures elevated, potentially making the RBNZ cautious about cutting rates too quickly. However, the weaker growth outlook might also give the central bank room to hold rates steady for longer, rather than hiking further. The net effect is increased uncertainty. This post New Zealand Dollar Slides as Government Unveils Fiscal Blueprint first appeared on BitcoinWorld .

28 May 2026, 05:00

US Dollar Index Climbs Near 99.50 as Iran Retaliation Threats Weigh on Deal Optimism

BitcoinWorld US Dollar Index Climbs Near 99.50 as Iran Retaliation Threats Weigh on Deal Optimism The US Dollar Index (DXY) edged higher on Tuesday, approaching the 99.50 mark, as renewed threats of retaliation from Iran tempered earlier optimism surrounding a potential nuclear deal with the United States. The move reflects a cautious shift in market sentiment, with traders rotating into the greenback as a safe-haven asset amid escalating geopolitical uncertainty. Geopolitical Tensions Drive Safe-Haven Flows Reports emerged over the weekend indicating that Iranian officials had issued fresh warnings of retaliatory measures if ongoing negotiations with the US fail to yield a comprehensive agreement. This development came shortly after diplomatic sources had suggested progress on a framework deal, which had initially boosted risk appetite and weighed on the dollar. The reversal in tone has injected renewed volatility into currency markets. The dollar index, which measures the currency against a basket of six major peers, recovered from an earlier dip near 99.00 to trade at 99.45 during the European session. Analysts noted that the move was driven more by geopolitical risk aversion than by changes in US monetary policy expectations. Market Implications and Trader Positioning The latest escalation complicates the outlook for the dollar, which had been under pressure in recent weeks amid growing expectations that the Federal Reserve may begin cutting interest rates later this year. However, safe-haven demand has historically provided a floor for the greenback during periods of Middle East instability. Currency strategists at several major banks have pointed out that a sustained rise above 99.50 could open the door toward the 100.00 psychological level, particularly if diplomatic channels show signs of breaking down. Conversely, a de-escalation or a confirmed deal could reverse the gains quickly, exposing the dollar to renewed selling pressure. Broader Impact on Emerging Markets and Commodities The dollar’s strength has immediate consequences for emerging market currencies and dollar-denominated commodities. A stronger dollar typically pressures emerging market assets and makes commodities like oil and gold more expensive for holders of other currencies. Crude oil prices edged higher on Tuesday, partly reflecting the same geopolitical premium, while gold held steady near $2,330 per ounce. Conclusion The US Dollar Index’s move toward 99.50 underscores how quickly geopolitical developments can shift market narratives. While optimism over a US-Iran deal had recently supported risk-on sentiment, the latest threats serve as a reminder that negotiations remain fragile. Traders will closely monitor any official statements from Washington and Tehran in the coming days, as the direction of the dollar hinges on whether diplomatic channels hold or fracture further. FAQs Q1: Why does the US Dollar Index rise when geopolitical tensions increase? Investors often buy the US dollar as a safe-haven asset during geopolitical uncertainty because of the size and liquidity of US financial markets, as well as the dollar’s role as the world’s primary reserve currency. Q2: What is the significance of the 99.50 level for the DXY? The 99.50 level is a near-term resistance point. A sustained move above it could signal further upside toward 100.00, while failure to hold could lead to a retest of support near 99.00. Q3: How do US-Iran nuclear deal negotiations affect the dollar? Progress toward a deal generally reduces geopolitical risk, which can weaken safe-haven demand for the dollar. Conversely, setbacks or threats of retaliation increase risk aversion and tend to support the greenback. This post US Dollar Index Climbs Near 99.50 as Iran Retaliation Threats Weigh on Deal Optimism first appeared on BitcoinWorld .

28 May 2026, 04:55

Bitcoin could be heading much lower, fund manager warns as $150 billion Treasury operation nears

Fund manager Michael Kramer says a $150 billion liquidity drain from upcoming U.S. Treasury operations could push bitcoin sharply lower.

28 May 2026, 04:54

Here’s why the XRP price is in a deep dive today (May 28)

XRP price crashed below a crucial support level today, May 28, as liquidations in the crypto industry. It also plunged amid the ongoing US-Iran tensions, and as investors rotated to the fast-growing space and artificial intelligence industries. Ripple dropped to $1.2723, its lowest level since February. XRP price crashes as ETF inflows stall Ripple's price retreated sharply, mirroring developments in the broader crypto industry . Bitcoin, the biggest coin, dropped below $73,000, while the valuation of all tokens plunged by over 3%. Data shows that demand for XRP ETFs has slowed. These funds had no inflows or outflows on Wednesday. That is better than Bitcoin, which suffered a $700 million outflow on the same day. Still, on the positive side, these funds are having their best month so far this year as they added over $118 million in assets. Before that, their best month was in November last year when they added $666 million in assets. US-Iran tensions are rising XRP token price is falling today as tensions between the US and Iran continue . The US launched some attacks against Iranian targets overnight. This happened two days after the military launched similar attacks. Iran, which is keen to have a deal with the US, retaliated by shooting down a US drone. Analysts warn that its patience will end and push it to respond in a more aggressive manner. Such a move will lead to more fighting, driving crude oil prices higher in the near term. These events are happening as the US and Iran continue their negotiations. In a statement last week, President Donald Trump said that a deal between the two was largely negotiated. Still, there are chances that the two sides will not launch a 60-day ceasefire as Trump is under political pressure from his allies. Senators Ted Cruz, Lindsey Graham, and Roger Wicker have pushed Trump to “finish the job.” A return to war would push energy prices higher and boost the possibility that the Federal Reserve will hike interest rates. On the positive side, XRP price has some highly bullish catalysts. For example, Ripple USD (RLUSD) stablecoin has attracted over $1.8 billion in assets, making it the third-largest regulated coin after USDC and PYUSD. Data shows that RLUSD holders have continued to use their tokens. Artemis data show that $697 million of these tokens is in the XRP Ledger, while the rest is in Ethereum. Also, the 30-day adjusted transaction volume jumped to over $11.8 billion. XRP price technical analysis Ripple price chart | Source: TradingView The daily chart shows that the Ripple price has slumped in the past few days, moving from a high of $1.5485 on May 14 to the current $1.2800. It has moved below the key support level at $1.2810, its lowest level in February and April this year. The coin has slumped below all moving averages, a sign that bears remain in control. Also, the Relative Strength Index (RSI) and the MACD have continued pointing downwards. Therefore, there is a likelihood that the XRP price will continue falling, potentially to the key support level at $1.1200, its lowest point in February this year. On the other hand, a move above the key resistance level at $1.3600 will invalidate the bearish outlook. The post Here’s why the XRP price is in a deep dive today (May 28) appeared first on Invezz

28 May 2026, 04:30

Crypto Futures Liquidations Surge Past $346 Million in One Hour as Market Sell-Off Intensifies

BitcoinWorld Crypto Futures Liquidations Surge Past $346 Million in One Hour as Market Sell-Off Intensifies The cryptocurrency derivatives market experienced a sudden and violent shakeout in the past hour, with over $346 million worth of futures positions forcibly closed across major exchanges. The liquidation event, which primarily impacted leveraged long positions, pushed the 24-hour total to approximately $809 million, according to data from CoinGlass. What Triggered the Liquidations? The sharp spike in liquidations followed a rapid downward move in Bitcoin and Ethereum prices, which dropped more than 4% and 6% respectively within a 60-minute window. Analysts point to a combination of factors, including profit-taking after recent rallies, concerns over upcoming macroeconomic data, and cascading stop-loss orders that amplified the sell-off. Data shows that long positions accounted for over 85% of the liquidations, suggesting that traders who had been betting on continued upward momentum were caught off guard by the sudden reversal. The largest single liquidation order occurred on Binance, valued at over $12 million. Market Context and Broader Implications This liquidation event is the largest single-hour flush in over two months and underscores the persistent fragility of the crypto derivatives market. High leverage, often exceeding 50x on some platforms, amplifies price swings and can trigger rapid cascading liquidations when key support levels break. The broader cryptocurrency market capitalization has shed approximately $30 billion in the past 24 hours, bringing total market cap back below the $1.8 trillion mark. Trading volumes have surged, indicating heightened panic selling and forced unwinding of positions. Why This Matters for Traders For retail and institutional traders alike, this event serves as a stark reminder of the risks inherent in leveraged trading. Liquidation cascades can create artificial price dislocations, often driving prices below fair value before a partial recovery occurs. Monitoring funding rates, open interest, and liquidation levels has become essential for navigating such volatile conditions. Historically, large-scale liquidation events have sometimes marked local bottoms, as excessive leverage is flushed out of the system. However, the current macroeconomic environment, including upcoming Federal Reserve interest rate decisions and geopolitical tensions, adds layers of uncertainty that make predicting the next move particularly challenging. Conclusion The $346 million hourly liquidation spike reflects a market caught off balance by a sudden shift in sentiment. While leveraged traders face immediate losses, the broader implications point to an ecosystem where risk management remains critical. As always, market participants are advised to exercise caution, use appropriate position sizing, and stay informed about macroeconomic catalysts that could influence price action in the days ahead. FAQs Q1: What is a futures liquidation? A futures liquidation occurs when a trader’s position is automatically closed by the exchange because the margin balance has fallen below the required maintenance level, usually due to adverse price movements. Q2: Why do liquidations happen in clusters? Liquidations often cascade because when large positions are forcibly closed, they add selling pressure, pushing prices further down and triggering additional liquidations at lower price levels. Q3: Is this level of liquidation unusual? While $346 million in one hour is significant, it is not unprecedented. Similar events have occurred multiple times in 2024 and 2025, often during periods of high market volatility or after prolonged rallies. This post Crypto Futures Liquidations Surge Past $346 Million in One Hour as Market Sell-Off Intensifies first appeared on BitcoinWorld .