In the early hours, Jackson Hole officials made remarks, and Chairman Warsh said, "There’s still work to be done." BTC was slammed back to $77,800.
According to Gate.io, the 24h high is $81,473 and the low is $76,890, with an intraday swing of 5.9%. This directly cools down expectations of a “soft landing.”
Cointelegraph’s headline is also very straightforward: “Bitcoin dips to $78.4K as Fed's Warsh downplays softer inflation prints.”
On-chain there’s no major unusual activity—this is purely a macro-driven move. Institutions are waiting for September’s FOMC to set the direction.
CME FedWatch shows the probability of a September rate cut falling from 78% to 42%. The market has re-priced “higher for longer.”
Let’s wait and see.
According to Gate.io, the 24h high is $81,473 and the low is $76,890, with an intraday swing of 5.9%. This directly cools down expectations of a “soft landing.”
Cointelegraph’s headline is also very straightforward: “Bitcoin dips to $78.4K as Fed's Warsh downplays softer inflation prints.”
On-chain there’s no major unusual activity—this is purely a macro-driven move. Institutions are waiting for September’s FOMC to set the direction.
CME FedWatch shows the probability of a September rate cut falling from 78% to 42%. The market has re-priced “higher for longer.”
Let’s wait and see.
