Bitcoin Slips to $78.4K as Fed's Warsh Rattles Rate-Cut Hopes

Bitcoin retreated to $78,400 after Federal Reserve Chair Kevin Warsh used his Jackson Hole keynote to push back against the idea that softer inflation prints justify aggressive easing. The comments punctured a rally that had briefly carried BTC toward the $80,000 mark, reminding traders that monetary policy remains the dominant near-term driver of crypto risk appetite.

The rejection at psychological resistance highlights how sensitive Bitcoin still is to macro rhetoric, even amid growing institutional adoption narratives. Until the Fed signals a clearer easing path, rallies toward $80K may continue to attract profit-taking rather than sustained breakout momentum.