Bitcoin Falls as Fed Chair Warsh Says Central Bank Has 'Work to Do' on Inflation
Updated — view changes (3)
· body · New information from a source
Bitcoin fell after Federal Reserve Chair Kevin Warsh delivered his first Jackson Hole keynote, telling the symposium the central bank has "work to do" on inflation and calling price pressures "concerning," according to MarketWatch and CoinDesk.Bitcoin dropped 3.2% over 24 hours to $77,802 by midday Friday, according to The Defiant, which noted the token had traded as high as $81,479.50 overnight and remained 0.5% higher on the week despite the drop.Cointelegraph reported bitcoin dipped to $78.4K and failed to break above $80,000 as traders weighed Warsh's remarks.The Defiant reported gold fell 2.4% and that U.S. equities turned negative following the speech.Decrypt reported that Warsh's keynote gave markets no hints on rate direction, leaving bitcoin traders to wait for the Fed's September decision even as inflation data runs hot.Cointelegraph reported Warsh downplayed recent softer inflation prints.- Federal Reserve Chair Kevin Warsh delivered his first Jackson Hole keynote, telling the symposium the central bank still has "work to do" on inflation and calling price trends "concerning," according to CoinDesk and MarketWatch.
- Warsh gave markets no rate-path signal ahead of the Fed's September decision, according to Decrypt, which had framed the speech as a test of whether traders would get clues on policy direction.
- Bitcoin fell 3.2% over 24 hours to $77,802 by midday Friday, according to The Defiant, after trading as high as $81,479.50 overnight; the asset was still up 0.5% on the week.
- Cointelegraph reported bitcoin dipping to $78.4K and failing to break decisively above $80,000 as traders weighed Warsh's comments on inflation.
- The Defiant also reported gold fell 2.4% and that U.S. equities turned negative following the speech.
- CNBC noted that prior Fed chairs have used the Jackson Hole platform to lay out broad policy frameworks, and MarketWatch had previewed the address as a chance for Warsh to win over both his Fed colleagues and investors.
· summary · New information from a source
Bitcoin dropped after new Fed Chair Kevin Warsh's first Jackson Hole speech offered no rate-cut signals and called inflation "concerning," while gold and stocks also fell.- Fed Chair Kevin Warsh's first Jackson Hole keynote offered no rate-cut hints and called inflation 'concerning,' pulling bitcoin, gold and stocks lower.
· headline · New information from a source
Bitcoin Falls Below $78,000 After Fed Chair Warsh Says Inflation Fight Isn't Over- Bitcoin Falls as Fed Chair Warsh Says Central Bank Has 'Work to Do' on Inflation
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
Federal Reserve Chair Kevin Warsh delivered his first Jackson Hole keynote, telling the symposium the central bank still has “work to do” on inflation and calling price trends “concerning,” according to CoinDesk and MarketWatch.
Warsh gave markets no rate-path signal ahead of the Fed’s September decision, according to Decrypt, which had framed the speech as a test of whether traders would get clues on policy direction.
Bitcoin fell Bitcoin fell 3.2% over 24 hours to $77,802 by midday Friday, leaving it 0.5% higher on the week after trading as high as $81,479.50 overnight.
over 24 hours to Bitcoin fell 3.2% over 24 hours to $77,802 by midday Friday, leaving it 0.5% higher on the week after trading as high as $81,479.50 overnight.
by midday Friday, according to The Defiant, after trading as high as Bitcoin fell 3.2% over 24 hours to $77,802 by midday Friday, leaving it 0.5% higher on the week after trading as high as $81,479.50 overnight.
overnight; the asset was still up Bitcoin fell 3.2% over 24 hours to $77,802 by midday Friday, leaving it 0.5% higher on the week after trading as high as $81,479.50 overnight.
on the week. Cointelegraph reported bitcoin dipping to $78.4K and failing to break decisively above Bitcoin failed to make a decisive break above $80,000 as traders digested Fed Chair Kevin Warsh’s Jackson Hole keynote speech, which remained wary of US inflation trends.
as traders weighed Warsh’s comments on inflation. The Defiant also reported gold fell Gold fell 2.4% and U.S. equities turned negative after Federal Reserve Chair Kevin Warsh told the Jackson Hole symposium the central bank has "work to do"
and that U.S. equities turned negative following the speech.
CNBC noted that prior Fed chairs have used the Jackson Hole platform to lay out broad policy frameworks, and MarketWatch had previewed the address as a chance for Warsh to win over both his Fed colleagues and investors.
Sources: CNBC, MarketWatch, CoinDesk, Decrypt, Cointelegraph, The Defiant
This article is for information only and is not financial advice.
Story so far 2 updates
- storyBitcoin Falls Below $78,000 After Fed Chair Warsh Says Inflation Fight Isn't Overupdate
- storyBitcoin Falls as Fed Chair Warsh Says Central Bank Has 'Work to Do' on Inflationupdate
Cite this
Archived copy · an independent capture of this page at the Internet Archive, kept so this report can be checked against what it said on the day
← more bytes
