Bitcoin dips to $78.4K as Fed’s Warsh downplays softer inflation prints
Bitcoin (BTC) saw volatility after Friday’s Wall Street open as markets reacted to US Federal Reserve chair Kevin Warsh’s comments on future monetary policy. Key points: Bitcoin initially fell during Fed chair Kevin Warsh’s Jackson Hole keynote speech before circling $79,500.
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Key Facts
- Fact 1: Key points: Bitcoin initially fell during Fed chair Kevin Warsh’s Jackson Hole keynote speech before circling $79,500.
- Fact 2: BTC price action sustaining above $83,000 hinges on Bitcoin derivatives traders, analysis says.
- Fact 3: Warsh: Inflation trends have not “meaningfully improved” Data from TradingView showed BTC/USD dipping to $78,442 on Bitstamp in volatile trading conditions, down around 1% at the time of writing.
- Fact 4: Source: Cointelegraph/TradingView In his first keynote speech at the annual Jackson Hole Symposium, Warsh delivered a cautionary tone on inflation, committing to the Fed’s 2% target.
Bitcoin (BTC) saw volatility after Friday’s Wall Street open as markets reacted to US Federal Reserve chair Kevin Warsh’s comments on future monetary policy. Key points: Bitcoin initially fell during Fed chair Kevin Warsh’s Jackson Hole keynote speech before circling $79,500.
Warsh said he sees no trend change in inflation despite recent lower PCE and CPI prints. BTC price action sustaining above $83,000 hinges on Bitcoin derivatives traders, analysis says. Warsh: Inflation trends have not “meaningfully improved” Data from TradingView showed BTC/USD dipping to $78,442 on Bitstamp in volatile trading conditions, down around 1% at the time of writing.
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Original source: Cointelegraph
Also reported by Cointelegraph — Bitcoin.