Published Aug 28, 2026, 2:50 PM ET · Updated 3 months ago · 1 source

Fed Chair Kevin Warsh triggers a $488 million crypto liquidation cascade as rate-hike expectations rise

CryptoSlate

Original Report

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.