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

TradingKey09:22

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.

Price 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 previously betting on macro policy easing chose to lock in profits, triggering a sell-off on good news.

Bitcoin prices had accumulated heavy long leverage above $80,000. This drop below $78,000 automatically triggered market sell orders from massive long liquidations on-chain and across exchanges, forming a cascade of liquidations that accelerated the short-term downside. In the past 24 hours alone, nearly 100,000 traders were liquidated, amounting to $390 million, with long liquidations accounting for $270 million, or nearly 70%.

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Among them, Bitcoin (</span><span>BTC</span><span>) fell 0.33%, losing the 78,000 mark; Ethereum (</span><span>ETH</span><span>) fell 1.3%, losing the 2,500 mark; Binance Coin (</span><span>BNB</span><span>) fell 0.86%, breaching $690; and XRP fell 2.18%, losing $1.4.</span></p><p dir=\"ltr\"><img height=\"416\" src=\"https://resource.tradingkey.com/uploads/20260831/Crypto-marketcap-top10-3358168717fa49b9ae0cb5959986dda2.png\" width=\"800\"/><span>Price changes of the top 10 cryptocurrencies by market cap; Source: TradingView</span></p><p dir=\"ltr\"><span>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 previously betting on macro policy easing chose to lock in profits, triggering a sell-off on good news.</span></p><p dir=\"ltr\"><span>Bitcoin prices had accumulated heavy long leverage above $80,000. This drop below $78,000 automatically triggered market sell orders from massive long liquidations on-chain and across exchanges, forming a cascade of liquidations that accelerated the short-term downside. In the past 24 hours alone, nearly 100,000 traders were liquidated, amounting to $390 million, with long liquidations accounting for $270 million, or nearly 70%.</span></p><p>Find out more</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Markets Fall Across the Board as Bitcoin Drops Below $78,000</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto Markets Fall Across the Board as Bitcoin Drops Below $78,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1041236214\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">TradingKey </p>\n<p class=\"h-time\">2026-08-31 09:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p dir=\"ltr\"><span>TradingKey - Crypto market triggers a sell-off wave as Bitcoin plunges below the $78,000 mark, with altcoins broadly following suit.</span></p><p dir=\"ltr\"><span>On August 31, the cryptocurrency market came under pressure and moved downward, with major coins falling broadly. Among them, Bitcoin (</span><span>BTC</span><span>) fell 0.33%, losing the 78,000 mark; Ethereum (</span><span>ETH</span><span>) fell 1.3%, losing the 2,500 mark; Binance Coin (</span><span>BNB</span><span>) fell 0.86%, breaching $690; and XRP fell 2.18%, losing $1.4.</span></p><p dir=\"ltr\"><img height=\"416\" src=\"https://resource.tradingkey.com/uploads/20260831/Crypto-marketcap-top10-3358168717fa49b9ae0cb5959986dda2.png\" width=\"800\"/><span>Price changes of the top 10 cryptocurrencies by market cap; Source: TradingView</span></p><p dir=\"ltr\"><span>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 previously betting on macro policy easing chose to lock in profits, triggering a sell-off on good news.</span></p><p dir=\"ltr\"><span>Bitcoin prices had accumulated heavy long leverage above $80,000. 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In the past 24 hours alone, nearly 100,000 traders were liquidated, amounting to $390 million, with long liquidations accounting for $270 million, or nearly 70%.</span></p><p>Find out more</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MAXI","symbol_name":"比特币期货ETF-Simplify","start_time":0,"source_url":"https://www.tradingkey.com/analysis/cryptocurrencies/btc/262140502-crypto-bitcoin-btc-ethereum-eth-bnb-warsh-fed-tradingkey","article_id":"2663655025","we_media_id":"1041236214","thumbnails":["https://resource.tradingkey.com/cms_uploads/img/20231102/7520a74fa55c9128cdf6f43aa37d34fd.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2663655025","pubTimestamp":1788139346,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"TradingKey","introduction":"Your One-Stop Financial Markets Platform","home_visible":1,"id":"1041236214","head_image":"https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb"},"summary":"The crypto market triggered a wave of sell-offs, with Bitcoin plunging below the key $78,000 mark and altcoins broadly following suit.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MAXI":"比特币期货ETF-Simplify","BTCO":"比特币ETF-Invesco Galaxy","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - 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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.Price changes of the top 10 cryptocurrencies by market cap; Source: TradingViewLast 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 previously betting on macro policy easing chose to lock in profits, triggering a sell-off on good news.Bitcoin prices had accumulated heavy long leverage above $80,000. This drop below $78,000 automatically triggered market sell orders from massive long liquidations on-chain and across exchanges, forming a cascade of liquidations that accelerated the short-term downside. In the past 24 hours alone, nearly 100,000 traders were liquidated, amounting to $390 million, with long liquidations accounting for $270 million, or nearly 70%.Find out more","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.48.0","shortVersion":"4.48.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2663655025","isCrawlerRequest":true}