Indonesian Political, Business & Finance News

Crypto Market Capitalisation Falls 1.6% Amid US Inflation Pressure

| | Source: KOMPAS Translated from Indonesian | Economy
Crypto Market Capitalisation Falls 1.6% Amid US Inflation Pressure
Image: KOMPAS

Crypto market capitalisation fell 1.6% to $2.54 trillion (approximately Rp 45.3 quadrillion). “Crypto is under pressure despite US stock indices hitting new record highs,” Investing reported on Wednesday (27 May 2026). Despite the pressure, some digital currencies rose: Internet Computer by 14.6%, Filecoin by 5.9%, and Cosmos by 4.4%. The biggest declines were seen in Near Protocol, down 7.8%, Zcash, down 6.8%, and VeChain, down 4.3%. “Bitcoin fell below $76,000 (Rp 1.3 billion), losing more than 2% from Tuesday’s peak, dropping below the 50-day moving average, and carefully extending Wednesday’s early-session declines,” it said. Globally, crypto investments fell by $1.467 billion (Rp 26.2 trillion) last week, the lowest level since January 2026. The rise marks the new leadership of the Federal Reserve’s new chair, Kevin Warsh. “The personal consumption expenditures (PCE) price index, the Fed’s preferred inflation measure, rose 3.8% annually last month, according to the Commerce Department report on Thursday,” CBS News reported. The Iran conflict is driving US inflation, which could jump to 3.9% next month. “This is bad news for the general public, who are facing the highest inflation in three years and wage increases being eroded by inflation,” said Heather Long, chief economist at Navy Federal Credit Union. The Fed remains unable to meet President Donald Trump’s request to lower borrowing costs for consumers and businesses to boost economic growth.

View JSON | Print