Bitcoin news for August 28, 2026

Bitcoin’s price swings are being driven by shifting expectations around Federal Reserve rate policy, with headlines noting both a sharp rally past $80K as leveraged shorts were squeezed and a subsequent $3K dump as liquidations accelerated on rate-hike fears. At the same time, institutional adoption continues with developments like BitGo’s acquisition of NYDIG’s trading business and strong inflows into a Bitwise Solana ETF, though regulatory and political scrutiny remains in the background.

Updated 21:05 UTC

How the day unfolded

1. 00:05 UTC

   Bitcoin has been pushing toward $81,000, buoyed by a mix of factors: leveraged shorts were squeezed as price broke past $80K, while investors shifted about $7 billion into Bitcoin and gold amid concerns over the dollar. Risk appetite got a lift from Nvidia's earnings beat, and markets are positioning ahead of the Fed's Jackson Hole meeting. Volatility persists, evidenced by a brief dip below $78K that absorbed a $270M long liquidation.

2. 18:05 UTC

   Bitcoin experienced extreme volatility, first rallying past $80,000 as leveraged short sellers were crushed, then abruptly dumping $3,000 amid $200 million in hourly liquidations. The sharp reversal has raised questions about the Federal Reserve's potential role in the move, highlighting the market's sensitivity to leverage and macro signals.

Headlines (24)

• Bitcoin slips below $78K as longs absorb $270M hit
  crypto.news · Aug 26, 15:38 UTC
• Altcoin Volume Dominance Hits Two-Year High as Traders Pour $135B Into the Market
  cryptopotato.com · Aug 26, 20:19 UTC
• Crypto Today: Bitcoin, Ethereum, XRP bulls regain strength amid steady capital inflows
  www.fxstreet.com · Aug 27, 10:00 UTC
• Bitcoin Price Rockets Past $80K as Leveraged Shorts Get Crushed
  news.bitcoin.com · Aug 27, 15:52 UTC
• Bitcoin eyes $81K as Nvidia earnings beat boosts risk assets
  cointelegraph.com · Aug 27, 17:17 UTC
• Bessent’s Bond Buyback Gamble Could Pour Fuel on Bitcoin’s Price
  news.bitcoin.com · Aug 27, 17:43 UTC
• Investors just moved $7 billion into Bitcoin and gold in five days to escape an accelerating dollar crisis
  cryptoslate.com · Aug 27, 18:57 UTC
• Trump cost investors $4.7B through crypto ‘schemes’: Public Citizen
  cointelegraph.com · Aug 27, 19:28 UTC
• Bitcoin Again Flirts With $81,000 Ahead of Fed’s Jackson Hole Meeting
  bitcoinmagazine.com · Aug 27, 19:38 UTC
• XRP News: Ripple-Backed Evernorth Gets SEC Approval, Shareholders Vote on Sept 30
  coingape.com · 03:00 UTC
• BitGo acquires NYDIG institutional trading business
  crypto.news · 04:26 UTC
• SEC opens door to public token sales, but ICO demand has moved on: Bloomberg
  crypto.news · 07:15 UTC
• XRP Treasury Giant Evernorth Moves Closer to Nasdaq Debut After SEC Milestone
  cryptopotato.com · 07:17 UTC
• Bank of Russia blacklists 2,600 crypto wallets linked to suspected scams
  crypto.news · 07:34 UTC
• Will XRP DAT Evernorth’s latest update push its 8% weekly price gains even higher?
  ambcrypto.com · 08:02 UTC
• Crypto startups have 54 days left to shape the SEC’s proposed $75 million fundraising cap
  cryptoslate.com · 08:17 UTC
• Crypto advisors used SEC certificates that were never issued
  protos.com · 10:42 UTC
• The $37 Billion Tokenization Boom Has an Ownership Problem
  beincrypto.com · 12:02 UTC
• Dunamu Partners With Visa to Build Stablecoin, AI Payment Rails
  news.bitcoin.com · 12:43 UTC
• A zero-revenue public company tried to copy Michael Saylor to avoid delisting, but its stock immediately crashed 25%
  cryptoslate.com · 13:04 UTC
• JPMorgan’s IBIT Bitcoin ETF bet just missed its escape hatch to avoid 6% deduction
  cryptoslate.com · 13:49 UTC
• Bitwise Solana ETF becomes first to cross $1 billion
  crypto.news · 15:44 UTC
• Bitcoin Suddenly Dumped by $3K as Liquidations Hit $200M Hourly: Is the Fed to Blame?
  cryptopotato.com · 17:35 UTC
• Fed Chair Kevin Warsh triggers a $488 million crypto liquidation cascade as rate-hike expectations rise
  cryptoslate.com · 19:05 UTC