Warsh Speech Casts Shadow Over Bitcoin Price Stability

Bitcoin's recent price stability was disrupted on Friday as investors turned cautious ahead of Federal Reserve Chair Kevin Warsh's address at the Jackson Hole Economic Symposium.

The world's largest cryptocurrency fell 0.4% to $79,259.30 by 09:52 ET, remaining close to its three-month high above $81,000 reached earlier in the week.

Despite this decline, Bitcoin is still on track for a roughly 2% weekly gain due to optimism around U.S. cryptocurrency regulation and broader technology-market strength.

The upcoming speech from Warsh will be closely monitored for any indication that the central bank could maintain or tighten its restrictive stance for longer, which could impact Bitcoin's price.