Crypto

Bitcoin Slumps on Hawkish Fed Comments

Guavy AI Editorial Team Published August 29, 2026

Instruments

BTC

Bitcoin's price dropped by 2.5% to around $77,588 after Federal Reserve Chair Kevin Warsh delivered a hawkish keynote at the Jackson Hole Economic Policy Symposium.

The speech increased expectations for a rate hike, causing a nine-day streak of inflows into U.S. spot bitcoin ETFs to come to an end.

A total of $202 million flowed out of these funds on the same day as the speech, likely due to investors taking profits or repositioning their portfolios.

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