Warsh's Speech Could Tip Bitcoin Price as Fed Chair Addresses Inflation

The price of Bitcoin has stabilized at around $80,000 as investors await the outcome of the Federal Reserve's Jackson Hole symposium.

This comes after a rapid ascent from below $70,000 to above $75,000 in recent days, with other cryptocurrencies such as Ethereum and BNB also experiencing significant gains.

The rally has been driven by institutional investment, with U.S. spot Bitcoin ETFs taking in around $232 million in net inflows over the past session, pushing their total to just under $3 billion for the month.