Bitcoin slips to $78.4K as Kevin Warsh remains cautious on inflation

Bitcoin retreated to $78,400 after failing to secure a decisive move above the $80,000 level, as traders assessed Federal Reserve Chair Kevin Warsh’s keynote address at Jackson Hole. The speech maintained a cautious view of US inflation trends, despite recent softer inflation readings. Market participants digested Warsh’s comments while evaluating whether the latest data were sufficient to support a sustained move higher for Bitcoin. The cryptocurrency’s pullback kept it below the closely watched $80,000 threshold and highlighted continued sensitivity to expectations around US monetary policy and inflation. Cointelegraph reported the move on August 28, 2026. Bitcoin was among the crypto assets affected by the market focus, alongside AKE, NOT and PLAY, while the Dow Jones Industrial Average was also listed among related market assets.