Bitcoin Price Retreats After Warsh’s Hawkish Jackson Hole Keynote
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Kevin Warsh’s hawkish Jackson Hole keynote triggered a retreat in Bitcoin as markets repriced the likelihood of higher-for-longer interest rates. His remarks lifted U.S. Treasury yields and the dollar, reversing risk-on flows and pressuring non-yielding assets like BTC. If the Fed’s hawkish outlook persists, Bitcoin is likely to face sustained downward pressure and increased volatility as investors rotate into yield-bearing instruments.
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