New York, 28 August 2026 – Bitcoin fell back below US$80,000 as traders reassessed the outlook for interest rates after Federal Reserve Chair Kevin Warsh warned that further increases may be needed if inflation fails to moderate.
The decline came after the cryptocurrency briefly climbed above US$81,000, extending a rally that had drawn support from exchange-traded fund inflows and expectations that global liquidity would remain supportive. The retreat underscored how quickly sentiment can turn when monetary-policy assumptions are challenged.
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