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Crypto Markets Fall Across the Board as Bitcoin Drops Below $78,000

Crypto Markets Fall Across the Board as Bitcoin Drops Below $78,000

TradingKey – Crypto market triggers a sell-off wave as Bitcoin plunges below the $78,000 mark, with altcoins broadly following suit.

On August 31, the cryptocurrency market came under pressure and moved downward, with major coins falling broadly. Among them, Bitcoin (BTC) fell 0.33%, losing the 78,000 mark; Ethereum (ETH) fell 1.3%, losing the 2,500 mark; Binance Coin (BNB) fell 0.86%, breaching $690; and XRP fell 2.18%, losing $1.4.

Crypto-marketcap-top10-3358168717fa49b9ae0cb5959986dda2Price changes of the top 10 cryptocurrencies by market cap; Source: TradingView

Last Friday, Federal Reserve Chair Warsh emphasized data dependency and inflation risks at the Jackson Hole annual central banking symposium. As market optimism for a larger-than-expected rate cut in September moderated, capital…

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