🌍 CRYPTO MARKET UPDATE
Bitcoin Rally Stalls, But Long-Term Sentiment Remains Bullish
BTC gave back some of its gains after Fed Chair Kevin Warsh talked tough on inflation, but prediction market traders are still leaning bullish. Bitcoin Rally Stalls, But Long-Term Sentiment Remains Bullish Bitcoin fell as low as $76,877 on Friday, giving up most of a double-digit weekly gain after Fed Chair Kevin Warsh's first Jackson Hole keynote warned that inflation isn't cooling fast enough. The drop came from an overnight high of $81,455, inside the resistance zone that had already capped several prior breakout attempts this year. Warsh marked his 100th day in the job by declining to give markets any fresh guidance, but the tone was enough to move prices. In his keynote , Warsh set a standard for himself: the Fed needs to see inflation moving toward its target clearly and at sufficient speed before declaring the job done. Short of that, he said, the central bank still has "work to do." Traders September rate-hike odds jumped to 55.7% from 35.4% a day earlier, according to the CME Group's FedWatch tool. The reaction rippled through leveraged positioning. CoinGlass data showed roughly $481 million in liquidations across the crypto market in the 24 hours around the speech, with more than $360 million of that coming from long positions caught wrong-footed by the drop. Bitcoin closed the day at $77,557, down 3.39%. Technically, the pullback looks more like digestion than reversal. The Relative Strength Index sits at 69.7, well off the overbought reading above 80 that preceded Tuesday's rejection, while the Average Directional Index near 39.5 still points to a strong trend rather than a broken one. Price remains inside the bullish leg that runs from the June low near $68,858 to this week's high near $81,455.
🕒 Updated: 28 Aug 2026 21:16 UTC
#CryptoNews #MarketUpdate #BinanceSquare
Bitcoin Rally Stalls, But Long-Term Sentiment Remains Bullish
BTC gave back some of its gains after Fed Chair Kevin Warsh talked tough on inflation, but prediction market traders are still leaning bullish. Bitcoin Rally Stalls, But Long-Term Sentiment Remains Bullish Bitcoin fell as low as $76,877 on Friday, giving up most of a double-digit weekly gain after Fed Chair Kevin Warsh's first Jackson Hole keynote warned that inflation isn't cooling fast enough. The drop came from an overnight high of $81,455, inside the resistance zone that had already capped several prior breakout attempts this year. Warsh marked his 100th day in the job by declining to give markets any fresh guidance, but the tone was enough to move prices. In his keynote , Warsh set a standard for himself: the Fed needs to see inflation moving toward its target clearly and at sufficient speed before declaring the job done. Short of that, he said, the central bank still has "work to do." Traders September rate-hike odds jumped to 55.7% from 35.4% a day earlier, according to the CME Group's FedWatch tool. The reaction rippled through leveraged positioning. CoinGlass data showed roughly $481 million in liquidations across the crypto market in the 24 hours around the speech, with more than $360 million of that coming from long positions caught wrong-footed by the drop. Bitcoin closed the day at $77,557, down 3.39%. Technically, the pullback looks more like digestion than reversal. The Relative Strength Index sits at 69.7, well off the overbought reading above 80 that preceded Tuesday's rejection, while the Average Directional Index near 39.5 still points to a strong trend rather than a broken one. Price remains inside the bullish leg that runs from the June low near $68,858 to this week's high near $81,455.
🕒 Updated: 28 Aug 2026 21:16 UTC
#CryptoNews #MarketUpdate #BinanceSquare
