Bearish
Bitcoin drops 2.5% to $77,588 after Fed Chair Warsh's hawkish Jackson Hole speech.
Bitcoin's price declined by 2.5% to $77,588 following Federal Reserve Chair Kevin Warsh's hawkish remarks at the Jackson Hole symposium, which heightened expectations of future rate hikes. This development led to a broad selloff in risk assets, including cryptocurrencies.
Key points
- Federal Reserve Chair Kevin Warsh's Jackson Hole speech on August 28, 2026, signaled a potential for future rate hikes, causing a 2.5% drop in Bitcoin's price to $77,588.
- Despite the recent decline, Bitcoin's price remains above the $76,800-$77,000 support levels, indicating potential for stabilization.
- The U.S. spot Bitcoin ETF experienced a net outflow of $202 million on August 29, 2026, ending a nine-day inflow streak.
Sources
AI-generated from public news sources. Not financial advice.
