2026

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Greed

Bitcoin

<p><strong>Bitcoin slipped below $79,000 and XRP led losses across major tokens as traders started betting on a Fed hike, pulling risk-sensitive digital assets, including NFT and creator-economy tokens, into a broad monetary-policy repricing.</strong></p>
<h2 id="bitcoin-slips-below-79-000-as-xrp-leads-the-market-sell-off">Bitcoin slips below $79,000 as XRP leads the market sell-off</h2>
<p>Bitcoin traded at <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer">$78,640</a> at research fetch time, sitting under the $79,000 threshold that framed the day's price action, with a market capitalization near $1.58 trillion. For related coverage, see <a href="https://www.nftenex.com/bitcoin-drops-below-72k-us-iran-tensions-293m-liquidations/" rel="noopener noreferrer nofollow">Bitcoin Drops Below $72K as US-Iran Tensions Trigger $293M in Crypto Liquidations</a>.</p>
<figure style="margin:0;padding:18px 20px;border:1px solid #e5e7eb;border-radius:14px;background:linear-gradient(135deg,#fff7ed 0%,#ffffff 100%);font-family:Arial,sans-serif">
 <div style="font-size:12px;letter-spacing:0.08em;text-transform:uppercase;color:#9a3412;margin-bottom:8px">
  Bitcoin Price
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 <div style="font-size:36px;line-height:1.1;font-weight:700;margin:0 0 10px 0">
  $78,640
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 <figcaption style="font-size:14px;line-height:1.5;color:#4b5563">
  Bitcoin was below the $79,000 threshold at research fetch time, reinforcing the immediate price-action angle of the story.
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</figure>
<p>XRP was the clear underperformer, down 2.21% over 24 hours, a steeper drop than bitcoin's 0.31% dip and TRON's 1.13% decline, while ETH, SOL, BNB, and DOGE held positive ground in the same snapshot. That split shows selling pressure concentrated rather than uniform across majors. For related coverage, see <a href="https://www.nftenex.com/strive-buys-759-btc-for-50-million/" rel="noopener noreferrer nofollow">Strive Buys 759 BTC for $50M: What the Bitcoin Move Means</a>.</p>
<p>The move echoed a pattern seen earlier this year when bitcoin <a href="https://www.nftenex.com/bitcoin-80k-crypto-market-liquidations/" rel="noopener noreferrer nofollow">dipped below $80,000 amid heavy liquidations</a>, underscoring how quickly leverage unwinds when a key psychological level breaks. Broader sentiment stayed constructive, however, with the crypto <a href="https://alternative.me/crypto/fear-and-greed-index/" rel="noopener noreferrer nofollow">Fear &amp; Greed Index</a> reading 71, still in Greed territory even as prices slid.</p>
<h2 id="why-traders-are-suddenly-betting-on-a-fed-hike">Why traders are suddenly betting on a Fed hike</h2>
<p>The catalyst was macro, not crypto-specific. The Bureau of Economic Analysis reported on August 26, 2026 that July <a href="https://www.bea.gov/data/personal-consumption-expenditures-price-index" rel="noopener noreferrer nofollow">PCE inflation</a> ran at 3.7% year over year, keeping price pressures well above the Fed's 2% goal.</p>
<figure style="margin:0;padding:18px 20px;border:1px solid #dbeafe;border-radius:14px;background:linear-gradient(135deg,#eff6ff 0%,#ffffff 100%);font-family:Arial,sans-serif">
 <div style="font-size:12px;letter-spacing:0.08em;text-transform:uppercase;color:#1d4ed8;margin-bottom:8px">
  July 2026 PCE
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  3.7%
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  That official inflation reading kept policy pressure elevated and supports the article's Fed-hike repricing narrative.
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</figure>
<p>Fed officials had already flagged the risk. Minutes from the July 28-29 meeting, which held the target range at <a href="https://www.federalreserve.gov/monetarypolicy/fomcminutes20260729.htm" rel="noopener noreferrer nofollow">3-1/2 to 3-3/4 percent</a>, showed many participants judged that further tightening would likely be necessary if inflation did not decline.</p>
<p>Traders responded by pricing a nearly three-in-four chance of at least one hike by year-end, <a href="https://apnews.com/article/stocks-markets-ai-oil-nvidia-7112fc458ebbf59dfa6172799e4e139d" rel="noopener noreferrer nofollow">based on CME Group data reported by AP</a>. Higher rate expectations lift the discount applied to speculative assets, and crypto, sitting at the far end of the risk curve, tends to reprice first.</p>
<p>That dynamic runs counter to the inflation-hedge case some investors have made for the asset, including <a href="https://www.nftenex.com/cathie-wood-bitcoin-replacing-gold-ark-invest/" rel="noopener noreferrer nofollow">Cathie Wood's argument that bitcoin is displacing gold</a>. When tighter policy rather than debasement drives the narrative, the hedge thesis takes a back seat to rate sensitivity.</p>
<h2 id="what-traders-will-watch-next-for-bitcoin-xrp-and-the-broader-market">What traders will watch next for bitcoin, XRP, and the broader market</h2>
<p>Whether bitcoin holds near current levels will shape short-term sentiment, and analysts caution against reading a single break as a trend. LMAX Group strategist Joel Kruger noted that technical measures are in overbought territory on daily charts but that severely overbought conditions do not always unwind through a major reversal.</p>
<blockquote style="border-left:4px solid #9a3412;margin:20px 0;padding:12px 20px;background:#fafafa;font-style:italic;color:#374151;margin:20px 0;padding:16px 18px;border-left:4px solid #e040fb;background:#1a0d17;color:#f3f4f6;border-radius:10px;margin:20px 0;padding:16px 18px;border-left:4px solid #e040fb;background:#1a0d17;color:#f3f4f6;border-radius:10px">
 technical measures are in overbought territory on daily charts but that severely overbought conditions do not always unwind through a major reversal <br><span style="font-style:normal;font-size:13px;color:#6b7280">— Joel Kruger, LMAX Group strategist, <a href="https://www.coindesk.com/markets/2026/08/27/bitcoin-below-usd79-000-xrp-leads-losses-as-traders-start-betting-on-a-fed-hike" rel="noopener noreferrer nofollow">via CoinDesk</a></span>
</blockquote>
<p>XRP remains a useful read on risk appetite; if its underperformance broadens to tokens that held up in this snapshot, it would signal a wider de-risking rather than a contained pullback. Structural reads on positioning, such as the exchange-flow and liquidity work in <a href="https://www.nftenex.com/bitfinex-alpha-bitcoin-next-move-liquidity-supply/" rel="noopener noreferrer nofollow">Bitfinex Alpha's latest market note</a>, will help separate a shakeout from a durable shift.</p>
<p>The nearer-term swing factor stays with the Fed. With the June Summary of Economic Projections pointing to a median 2026 funds rate of 3.8%, above the current 3.6% midpoint, another hike is squarely on the table, and each incoming inflation print will keep crypto positioning tethered to rate expectations. For creators and NFT platforms, that macro overhang matters too: tighter liquidity historically thins secondary-market volume and floor prices before it touches blue-chip tokens.</p>
<p style="font-size:13px;color:#888;border-top:1px solid #333;padding-top:12px;margin-top:30px">Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.</p><a href="https://www.nftenex.com/?p=10657" rel="noopener noreferrer nofollow">Read original article on nftenex.com</a>

Bitcoin Below $79,000 as XRP Leads Losses on Fed Hike Bets

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