#BTCDrops3.4%To$77383
$BTC
Fed Chair Kevin Warsh struck a hawkish tone on inflation at the Jackson Hole symposium on Friday, though he stopped short of committing to a rate hike.
Bitcoin fell from around $80,000 to below $77,000 after the speech before recovering to about $78,000, while prediction markets swung to narrowly favor a rate hike.
Bitcoin was trading around $79,500 when Warsh began speaking at 14:00 UTC. After the speech, it briefly fell below $77,000, hitting a 24-hour low of about $76,900, before recovering to around $78,000 — down roughly 3.4% over 24 hours.
$BTC
Fed Chair Kevin Warsh struck a hawkish tone on inflation at the Jackson Hole symposium on Friday, though he stopped short of committing to a rate hike.
Bitcoin fell from around $80,000 to below $77,000 after the speech before recovering to about $78,000, while prediction markets swung to narrowly favor a rate hike.
Bitcoin was trading around $79,500 when Warsh began speaking at 14:00 UTC. After the speech, it briefly fell below $77,000, hitting a 24-hour low of about $76,900, before recovering to around $78,000 — down roughly 3.4% over 24 hours.
