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

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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 …