BTC Falls Below $77K After Warsh Delivers Hawkish Jackson Hole Fed Speech

• Bitcoin falls below $77K after Warsh's hawkish Jackson Hole speech raises September rate hike expectations.
• Spot Bitcoin ETFs record $202 million in outflows, ending a nine-day positive streak.
• BTC remains up 26.35% monthly, but traders watch $74,000 to $75,000 for potential support.

Bitcoin — BTC, suffered a sharp reversal Friday after Kevin Warsh delivered a hawkish Jackson Hole speech. BTC fell toward $78,442 on Bitstamp during the selloff. The decline followed fresh concerns about U.S. inflation and interest rates. Traders quickly increased September rate hike expectations after Warsh's remarks. Bitcoin later traded near $77,494 after falling 3.4%. The move erased part of last week's powerful rally. Investors now face renewed pressure as macro risks return.

Warsh's Hawkish Message Puts Bitcoin Under Pressure

Kevin Warsh adopted a cautious stance toward recent inflation improvements during his speech. He argued that falling CPI and PCE readings show limited progress. The Fed still wants inflation to return sustainably toward the 2% target. Warsh's comments suggested policymakers remain uncomfortable with current price pressures. Markets reacted quickly as traders reassessed September monetary policy expectations.

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