Bitcoin Crashes 5% After Fed Chair Warsh's Speech
Bitcoin experienced a steep drop of nearly 5% after Federal Reserve Chair Kevin Warsh delivered a speech on August 29, 2026. The price of BTC plummeted from around $81,400 to $77,000 in immediate response to the remarks.
The current market action has Bitcoin sitting at $77,573.99 within its Bollinger Bands, with an upper resistance level at $80,622.99.
Despite this downturn, the bullish structure remains intact above the EMA50 support at $76,820.62 and EMA200 at $69,950.09.