World · Market · Global ·
Bitcoin dips as Fed's Warsh downplays inflation relief at Jackson Hole
Bitcoin fell below $80,000 after Federal Reserve Chair Kevin Warsh delivered a hawkish keynote speech at the Kansas City Fed's annual symposium, stating "we have work to do" on inflation and dismissing recent softer inflation data. Traders raised bets on a September rate hike in response.
Why it matters for the crypto market
Fed Chair rhetoric directly affects interest-rate expectations and risk appetite, which drive Bitcoin and crypto volatility.
Source: CoinDesk
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