$BITCOIN dropped to around $77,600 today after Fed official Kevin Warsh hinted at a possible rate hike, spooking traders and pushing rate-hike odds up to 68%. It fell about 3.3% in early trading.📊
Still, zoom out and BTC is having a wild August — up over 21% this month, jumping from $62K to $81K at one point📈. Pretty rare for August, which is usually a weak month for $BITCOIN historically.
Other stuff happening: big ETF inflows, a wave of short sellers getting liquidated, and market sentiment hitting "extreme greed" for the first time since 2024.
So basically — strong month, but the Fed just threw a wrench in it.
Do you think this dip is temporary or the start of something bigger? 👇
#Bitcoin #BTC #Crypto #CryptoNews #Binance #BitcoinPrice #DYOR
Still, zoom out and BTC is having a wild August — up over 21% this month, jumping from $62K to $81K at one point📈. Pretty rare for August, which is usually a weak month for $BITCOIN historically.
Other stuff happening: big ETF inflows, a wave of short sellers getting liquidated, and market sentiment hitting "extreme greed" for the first time since 2024.
So basically — strong month, but the Fed just threw a wrench in it.
Do you think this dip is temporary or the start of something bigger? 👇
#Bitcoin #BTC #Crypto #CryptoNews #Binance #BitcoinPrice #DYOR
