🚨 Bitcoin falls after Fed Chair Kevin Warsh warns inflation remains elevated.
Warsh gave no clear signal of near term rate relief in his first Jackson Hole keynote, putting pressure on risk assets.
Bitcoin had rallied about 9% in the previous week, helped by roughly $3 billion of inflows into US spot Bitcoin ETFs over nine straight days.
The Jackson Hole symposium also featured crypto and digital payments on its agenda for the first time in its 48 year history, highlighting the growing role of digital assets in global finance.
Warsh gave no clear signal of near term rate relief in his first Jackson Hole keynote, putting pressure on risk assets.
Bitcoin had rallied about 9% in the previous week, helped by roughly $3 billion of inflows into US spot Bitcoin ETFs over nine straight days.
The Jackson Hole symposium also featured crypto and digital payments on its agenda for the first time in its 48 year history, highlighting the growing role of digital assets in global finance.
