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Bitcoin Falls 3% to US$77,838 After Fed Chair Warsh's Speech

Leverage unwinds and the end of a $3 billion ETF inflow streak deepened the selloff as traders priced in higher odds of a rate hike.

  • On Friday, August 28, 2026, Bitcoin fell to US$77,838, dropping 3.01% after Federal Reserve Chair Kevin Warsh's Jackson Hole keynote signaled potential rate increases.
  • The keynote interrupted a nine-day streak of spot Bitcoin ETF inflows worth about US$3 billion, a consistent bid that had pushed Bitcoin toward US$80,000 earlier in the week.
  • Leverage amplified the decline, with about US$488 million of crypto positions liquidated across nearly 98,000 traders on Friday, while Ethereum fell 2.70% and Solana declined 4.65%.
  • CME futures responded immediately, shifting implied odds of a September rate rise to about 57% from about 35%, as the two-year Treasury yield climbed 0.14 percentage points to 4.34%.
  • Market stability depends on whether spot Bitcoin ETF inflows resume; continued outflows would test whether these funds have permanently deepened the demand base above US$77,000.
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(Seoul = Yonhap News) Reporter Im Hwa-seop = After U.S. Federal Reserve Chairman Kevin Warsh stated on the 28th (local time) that he would lower the inflation rate to the target level, Bitcoin...

·Seoul, Korea (the Republic of)
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Benzinga broke the news in Detroit, United States on Friday, August 28, 2026.
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