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Bitcoin drops below $77K after Fed signals possible rate hikes amid persistent inflation.

Market News
28 Aug 2026
Coinpaper
View Source
Bearish
pluang ai news

Bitcoin fell below $77,000 following Federal Reserve Chair Kevin Warsh's speech suggesting further interest rate increases if inflation remains high. This reversed part of Bitcoin's recent rally toward $80,000 as traders increased the odds of a September rate hike. Higher Treasury yields and a stronger dollar pressured Bitcoin, reducing its appeal compared to safer government bonds. Despite this, institutional demand for Bitcoin ETFs remains strong, but the key question is whether Bitcoin can reclaim $77,000 to sustain momentum amid a tougher economic outlook.

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