Bitcoin (BTC) and altcoins lost big on Aug. 26 after the United States Federal Reserve delivered hawkish remarks on economic policy.
Across the board, risk assets took a major hit — U.S. equities shed around $1.25 trillion in a single session.
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![US stocks lose $1.25T in a day — more than entire crypto market cap](https://d1-invdn-com.investing.com/content/pic583d4ada886581aa49f55e546f692109.jpg)