What's Behind Today's Bitcoin, Ethereum, and XRP Sell-Off?
$BTC has fallen to $77,450.87, a 3.1% decline over the past day, with $ETH and $XRP sliding in sympathy. The trigger was Fed Chair Kevin Warsh's appearance at the 2026 Jackson Hole Symposium, his remarks landed poorly with traders.
The sell-off wasn't limited to spot prices, it also forced more than $400 million in leveraged positions to be liquidated across the crypto market, with traders holding long positions absorbing the bulk of the damage.
$BTC has fallen to $77,450.87, a 3.1% decline over the past day, with $ETH and $XRP sliding in sympathy. The trigger was Fed Chair Kevin Warsh's appearance at the 2026 Jackson Hole Symposium, his remarks landed poorly with traders.
The sell-off wasn't limited to spot prices, it also forced more than $400 million in leveraged positions to be liquidated across the crypto market, with traders holding long positions absorbing the bulk of the damage.