CryptoSlate August 27, 2026

Behind Bitcoin’s sudden resilience is a $2 billion cash surge that wiped out speculative leverage

Behind Bitcoin’s sudden resilience is a $2 billion cash surge that wiped out speculative leverage

July's PCE inflation reading held at 3.7% headline and 3.3% core on Aug. 26, both still above the Fed's target. Futures markets responded by pushing the odds of a September rate hike to roughly 44%, up from 36% before the report. Bitcoin hit an intraday high of $79,251.60 the same day, trading near $78,000 as […]

The post Behind Bitcoin’s sudden resilience is a $2 billion cash surge that wiped out speculative leverage appeared first on CryptoSlate.

You might also like

The key races to watch for the 2026 election
Nov 01, 2026 Read
Crypto card startups are racking up losses just t…
Nov 01, 2026 Read
Ethereum validators pocket $30 million windfall a…
Nov 01, 2026 Read
How to Run an AI Model Locally—And Why You Might …
Nov 01, 2026 Read