Fed Chair Kevin Warsh triggers a $488 million crypto liquidation cascade as rate-hike expectations rise
August 28, 2026 · 6:50 PM
Bitcoin fell below $77,000 Friday after Fed Chair Kevin Warsh revived the threat of higher interest rates at Jackson Hole. Data from CryptoSlate shows the largest cryptocurrency dropped to as low as $76,909 before recovering to $77,712 as of press time, down about 4% over the previous 24 hours. The retreat accelerated a broader crypto […] The post Fed Chair Kevin Warsh triggers a $488 million crypto liquidation cascade as rate-hike expectations rise appeared first on CryptoSlate.
Read full article at: