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Bitcoin Suddenly Dumped by $3K as Liquidations Hit $200M Hourly: Is the Fed to Blame?
Aug 28, 2026
< 1 min read
by Jordan Lyanchev
for CryptoPotato
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Bitcoin's brief stability was broken after Kevin Warsh's Jackson Hole speech as BTC plunged several thousand dollars in about an hour, causing sharp crypto market volatility. The drop dragged altcoins down and triggered over $200 million in liquidated positions, signaling acute risk for leveraged traders and near-term weakness for broader adoption.
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Bitcoin’s rather stable price moves over the past day or so were disrupted after Kevin Warsh finished his speech at Jackson Hole, as the asset slumped by a few grand in an hour.
Its move south dragged many altcoins with it, resulting in over $200 million in liquidated positions at one point, according to data from CoinGlass.
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