Did Kevin Warsh's Fed warning trigger Bitcoin's drop? Here's what happened | Seeking Alpha

Bitcoin hit a sharp roadblock on Friday as it fell roughly 3% to around $77.80K after recently breaking above $81K. The broader crypto market also slid, dropping about 2.77% to roughly $2.60T, pulling down majors including Ethereum. The move is linked to a repricing of interest-rate expectations, with the probability of a September rate hike rising to 57.5% from 35.4%. That shift increased pressure on risk-sensitive assets, contributing to Bitcoin’s decline alongside the wider selloff. Even with the drop, Bitcoin remains up about 6.55% over the past week, suggesting underlying resilience.