EconomyFed Chair Kevin Warsh sparks $488 million crypto liquidation cascade as rate-hike bets rise
Fed Chair Kevin Warsh’s Jackson Hole remarks pushed traders to raise the estimated chance of a September rate hike from about 35% to 60%. Bitcoin briefly fell below $77,000, while nearly $488 million in crypto derivatives positions were liquidated over 24 hours, affecting almost 98,000 traders and hitting long positions hardest.
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CryptoSlate★★★☆☆2026-08-28 18:50Original
Fed Chair Kevin Warsh sparks $488 million crypto liquidation cascade as rate-hike bets rise
Economy