Bitcoin fell below $78,000 on Saturday morning, touching an intraday low of $77,614 before stabilizing near $78,000. The move pushed 24-hour losses to 3.2%, pulled market cap to $1.56 trillion, and coincided with nearly $700 million in liquidations, including $666 million in longs.

Kevin Warsh is set to face internal pushback at the Federal Reserve if he presses for interest-rate cuts, as inflation is accelerating and Treasury yields are rising. Recent FOMC comments have emphasized keeping the door open to possible hikes, creating a tougher backdrop for any easing push. Observers say Warsh may focus early on changing the Fed's communications to reduce perceived signals about the next policy move.

XRP has repeatedly tried to break out of its consolidation in May but was rejected after brief rallies, including a move to $1.55 on May 15, 2026. Analysts highlighted $1.51 and then $1.82 as the main resistance levels that would need to give way for a stronger bullish continuation, while others still frame price action as a range between $1,30 and $1.55.

Global oil inventories are being drawn down quickly to offset a major Middle East supply disruption, and could approach record lows by the end of May if the Strait of Hormuz remains closed. UBS estimates stockpiles fell from just over 8 billion barrels at the end of February to 7.8 billion by end of April, with a potential drop toward 7.6 billion by end of May. Analysts across firms warn that prices may need to jump to curb demand before inventories reach levels that would strain the supply system.

On Saturday, the UAE said its decision to leave OPEC and OPEC+ was driven by national economic priorities rather than politics, while reiterating a commitment to market stability. The country previously said it would exit OPEC on May 1 after being a member since 1967. Oil prices rose Friday, with Brent July futures closing up more than 3% at $109.26 a barrel and WTI June futures settling up more than 4% at $105.42.

CME Group and Intercontinental Exchange (ICE) have reportedly urged U.S. authorities to place Hyperliquid under federal oversight, a move the crypto community and the Hyperliquid Policy Center opposed. After the report, Hyperliquid's HYPE token fell from around $46 to $41.49 by May 16 at 3:05 a.m. EDT, a nearly 9% decline. Arthur Hayes also posted a profane rebuttal aimed at CME and ICE while voicing support for HYPE.

XRP pulled back after failing at $1.55 and has fallen more than 7% over the past three days while still tracking an ascending trendline. MCO Global said May 15 that holding $1.40 could keep another push toward $1.55–$1.58 in play, while losing it may open a drop to $1.37 and then $1.30.

Bitmine, led by Tom Lee, purchased 89,026 ETH for $197.64 million, lifting its total Ethereum holdings to 2.59 million ETH worth $11.7 billion. ETH traded around $2,225 at press time, down 1.7% on the day and about 3% over the week after dropping to $2,202. Market indicators cited in the report show weakening momentum, with RSI at 41 and price below key moving averages.