Fed Chair Kevin Warsh will deliver his first Jackson Hole keynote on Friday after his appointment. The speech follows the Fed’s July decision to hold rates at 3.50% to 3.75%. Three policymakers voted for a rate increase at that meeting. Meanwhile, longer-term Treasury yields have climbed, with the 10-year recently near 4.73% and the 30-year above 5.2%.
Warsh for signals on persistent inflation and the possibility of another rate increase. How will Bitcoin react if his message keeps higher rates on the table?
surged from about $64,000 to almost $80,000 late last week before settling near $77,000. The move followed the US Treasury Department’s announcement of an expanded buyback program. At the same time, market sentiment improved sharply. The Crypto Fear & Greed Index reached 78, its highest level since December 2024 and close to the “extreme greed” category.
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