Bitcoin Enters September Near $79,000: Warsh's Hawkish Turn, 58% Hike Odds, and Whether the Worst Month Curse Holds
Key TakeawaysBitcoin (BTC) trades near $79,000 heading into September after Fed Chair Kevin Warsh's hawkish first Jackson Hole keynote knocked it from a peak of $81,238 to about $77,800, triggering roughly $468 million in crypto liquidations, $351 million of them longs.Warsh called the 2% inflation target firm and fixed, said summer inflation data had not shown underlying trends meaningfully improving, warned that "sustained policy restraint" may be required, and declared the era of routine forw