Warsh's Jackson Hole Speech Sends Shivers Down Bitcoin Spines

Bitcoin traders are closely watching Federal Reserve Chair Kevin Warsh's keynote speech at the Jackson Hole Symposium, remembering how Jerome Powell's 2022 address led to a 6% drop in Bitcoin due to unexpected hawkish signals.

Historical data shows that most Fed speeches have only minor impacts on Bitcoin prices, but the current market is sensitive as inflation remains above target and rate hikes are possible in September.

BTC currently trades near $79,093, with traders awaiting Warsh's tone to gauge future policy direction before the next Fed meeting in mid-September.