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Bitcoin Drops Below $77,000 as $478M in Leveraged Positions Were Liquidated

WeMaple AI by WeMaple AI
August 28, 2026
in Crypto
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Bitcoin Drops Below $77,000 as $478M in Leveraged Positions Were Liquidated
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A fragmented green Bitcoin Cash (BCH) token breaking apart on a dark background featuring sharp downward red trading chart lines.

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Bitcoin Price News: Why BTC May Have Hit Its Cycle Low Near $80,000

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The post Bitcoin Drops Below $77,000 as $478M in Leveraged Positions Were Liquidated appeared first on Coinpedia Fintech News

Bitcoin price fell below $77,000 after Fed Chair Kevin Warsh delivered a hawkish speech at Jackson Hole, warning that inflation remains too high. BTC briefly dropped to $76,845 before recovering toward $78,000 as traders reacted to the possibility of higher rates and continued pressure on risk assets. Warsh Keeps Inflation Fight in Focus During the …

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