Bitcoin Hits $80K, Warsh Turns Hawkish, Solana ETF Tops $1B
15 Articles
15 Articles
Bitcoin hits $80K, Warsh turns hawkish, Solana ETF tops $1B
In this week’s edition of the weekly recap, Bitcoin returned to $80,000 after its strongest rally in more than three years, although traders struggled to push the price through $82,000. Federal Reserve Chair Kevin Warsh later pressured risk assets with…
Bitcoin Slips Below $80,000 After Kevin Warsh Inflation Vow
What does the Fed's new stance mean for Bitcoin and cryptocurrencies? 🦅 Fed Chairman Kevin Warsh emphasized that inflation remains high, stating that the 2% target will not be compromised and that short-term interest rates will continue to be the primary policy tool. 📈 Following his Jackson Hole speech, the probability of a 25 basis point rate hike in September rose from 35% to 57-60%; a significant increase was observed, particularly in shor…
Bitcoin Rally Slows as Long-Term Bullish Sentiment Remains Strong
BTC surrendered some of its gains after Fed Chair Kevin Warsh took a firm stance on inflation, but prediction market traders remain broadly bullish. Bitcoin slipped to $76,877 on Friday, erasing much of its double-digit weekly advance after Fed Chair Kevin Warsh warned in his first Jackson Hole keynote that inflation was not slowing quickly […] The post Bitcoin Rally Slows as Long-Term Bullish Sentiment Remains Strong appeared first on Thecoingr…
Bitcoin (BTC) Tumbles Below $78K as Fed's Warsh Delivers Hawkish Jackson Hole Remarks
TLDR BTC plunged to $78,442 following Federal Reserve Chair Kevin Warsh’s cautious remarks at the Jackson Hole Economic Symposium Warsh dismissed recent CPI and PCE improvements, stating inflation hasn’t “meaningfully improved” Market expectations for a September interest rate increase surged to 59%, a significant jump from 35% just one day earlier Bitcoin ETF products experienced $202M in withdrawals on August 28, breaking a nine-day positive …
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