Crypto news report · source clearly identified
Bitcoin Pulls Back After Fed Chair’s Inflation Remarks, Yet Market Sentiment Stays Bullish
Bitcoin slipped 3.3% to $77,412 following comments from Fed Chair Kevin Warsh on inflation, but prediction‑market traders continue to favor a bullish outlook.
Bitcoin fell 3.30% to $77,412 after Federal Reserve Chair Kevin Warsh warned that inflation remains a concern. The dip came amid a broader sell‑off across major cryptocurrencies, with Ethereum down 2.98% and Binance Coin down 3.06%.
Market Reaction to Fed Commentary
Warsh’s remarks on inflation prompted short‑term profit‑taking, pushing Bitcoin’s price lower despite its recent rally. The broader crypto market mirrored the move, with most top‑10 assets posting declines.
Prediction‑Market Sentiment Remains Bullish
Despite the price pullback, prediction‑market participants are still leaning toward a bullish outlook for Bitcoin. Traders continue to price in higher future levels, indicating confidence that the recent dip is temporary.
Current Price Landscape
- Bitcoin (BTC): $77,412.00 (-3.30%)
- Ethereum (ETH): $2,428.31 (-2.98%)
- Binance Coin (BNB): $688.43 (-3.06%)
- Ripple (XRP): $1.38 (-4.63%)
- Solana (SOL): $103.84 (-4.41%)
The downward movement was not isolated to Bitcoin; a majority of listed assets showed losses, underscoring the market’s sensitivity to macroeconomic cues.
Source & attribution
News Source
- Publisher
- Decrypt
- Original date
- August 28, 2026, 9:16 PM
- Original headline
- Bitcoin Rally Stalls, But Long-Term Sentiment Remains Bullish