Bitcoin Falls Below $78,000 as Crypto Market Faces Correction After Warsh’s Jackson Hole Comments
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8 Articles
The Economic Times
Times of IndiaBitcoin falls below $78,000 as crypto market faces correction after Warsh’s Jackson Hole comments
Bitcoin and Ethereum extended their declines as crypto markets remained under pressure following Kevin Warshs hawkish comments on inflation and US monetary policy. Analysts said elevated leverage and liquidations added to selling pressure, while crypto ETF inflows and gains in US technology stocks offered some support to the broader market.
Friday, Bitcoin options expired for 6.44 billion while BTC lost 78,000 stakes after the Fed's "falk" speech at Jackson Hole. But the deadline is more noise than signal: the real engine is the macro. And below, the...
Why Bitcoin Price USD is Down Today?
The post Why Bitcoin Price USD is Down Today? appeared first on Coinpedia Fintech News Bitcoin fell 1.91% to $77,656.37 in 24 hours after Fed Chair Kevin Warsh’s Jackson Hole speech raised concerns about prolonged high interest rates. The decline was amplified by $141.57 million in Bitcoin liquidations, including $120.07 million in long positions. Bitcoin now faces support at $75,000-$76,000. Holding this range could support consolidation, while…
The crypto market declined at the end of the week, with Bitcoin falling below $78,000 and liquidations exceeding $540 million. The post Bitcoin ETFs lose $202 million after Warsh's speech appeared first on CryptoDnes.bg.
A decline in major assets has been observed in the cryptocurrency market over the past 24 hours
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