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Ethereum Plunges 2% Amid Hawkish Pivot by Fed Chair Kevin Warsh

Guavy AI Editorial Team
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Ethereum's price dropped by 2.10% to $2,435.43 due to a hawkish shift in Federal Reserve policy announced by Fed Chair Kevin Warsh at the Jackson Hole symposium.

The change in policy revived expectations for a September interest rate hike, triggering a risk-off move across crypto markets.

This move was not specific to Ethereum but rather a response to shifting expectations of tighter U.S. monetary policy, which reduces the appeal of speculative assets.

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