Crypto markets took a sharp hit after Fed Chair Kevin Warsh delivered a hawkish message at Jackson Hole, keeping inflation and the Fed’s 2% target firmly in focus.
bitcoin:native slipped back toward $77.9K, while
$ETH and ripple:native also moved lower as traders quickly repriced the outlook for U.S. rates.
The reaction was broad:
• BTC → $77,901, down 3.1%
• ETH → $2,444, down 3.1%
• XRP → $1.39, down 5.0%
• September rate-hike odds → climbed from 30% to 49%
And it wasn't just the macro backdrop. BTC was rejected around the $81.5K area, while reports of heavy whale selling near $81K added ano