Warsh's Jackson Hole Address Set to Spark Interest Rate Clues for Crypto

Bitcoin's price stabilized near $80,000 on Friday as investors awaited Federal Reserve Chair Kevin Warsh's address at the Jackson Hole Economic Symposium.

The cryptocurrency rose by 1.3% to $79,882.3 by 02:12 ET (06:12 GMT), remaining close to a three-month high of over $81,000 hit earlier in the week.

Warsh's speech will be closely watched for cues on interest rates, as his comments may impact Bitcoin's price action.