Bitcoin Surges Near $81,000 Ahead of Fed Meeting and Regulatory Developments

Bitcoin approached $81,000 on Thursday before pulling back, driven by optimism around upcoming regulatory and monetary policy events.

The largest cryptocurrency traded at $80,236 in New York after reaching an intraday high of $80,793, rising more than 2% over the past 24 hours and gaining 10% in the past week.

Bulls appear energized ahead of the annual Jackson Hole Economic Policy Symposium, where central bankers will discuss 'Financial Innovation: Implications for Payments and Policy.'

Kevin Warsh, Chair of the Federal Reserve, is scheduled to deliver his first major speech at the event on Friday, with many in the industry watching for any insights on digital assets or potential interest rate guidance.