Crypto

Warsh's Hawkish Comments Send Bitcoin Price Plummeting

Guavy AI Editorial Team Published August 31, 2026

Instruments

BTC

The price of Bitcoin (BTC) has dropped by 3.8% to $78,325 due to hawkish comments from Federal Reserve Chair Kevin Warsh at the Jackson Hole Symposium.

Warsh warned about inflation and expressed skepticism that underlying trends have improved despite recent declines in PCE and CPI data.

Barclays now predicts two Fed rate hikes in 2026, citing Warsh's comments as a sign he is dissatisfied with the pace of inflation decline.

The Wire

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