Bitcoin Slips Below $80K as Fed Reiterates Inflation Fight

Bitcoin's price slipped below $80,000 after Federal Reserve Chair Kevin Warsh reiterated the central bank's commitment to fighting inflation.

In his Friday remarks, Warsh emphasized the need for clear progress toward the Fed's 2% inflation target, signaling that policy would remain restrictive in the near future.

The comments sent short-term Treasury yields climbing, making safer assets relatively more attractive and putting pressure on riskier plays like crypto.

Bitcoin was not alone in feeling the squeeze, with other rate-sensitive assets also experiencing a pullback as traders adjusted their bets.