Bitcoin and Ethereum extended their declines as crypto markets remained under pressure following Kevin Warshs hawkish comments on inflation and US monetary policy. Analysts said elevated leverage and liquidations added to selling pressure, while crypto ETF inflows and gains in US technology stocks offered some support to the broader market.

Bitcoin drops below $79,000 after peaking at $81,255, with $88M in liquidations and traders eyeing Fed Chair Warsh's Jackson Hole remarks for

Bitcoin dipped below $80K after Fed Chair Kevin Warsh's hawkish Jackson Hole speech on inflation, triggering $488M in crypto liquidations.