Bitcoin fell below $80,000 on Friday after Fed Chair Kevin Warsh delivered a hawkish message on inflation at the Jackson Hole symposium. Warsh pledged to keep inflation moving toward the Fed’s 2% target, lifting short-term Treasury yields and reducing some of the bullish momentum across risk assets. The cryptocurrency declined alongside other assets that are sensitive to interest rates as investors reassessed expectations for monetary policy. Warsh said financial conditions were not restrictive and stressed that the Fed must be confident that underlying inflation is moving toward its objective at a sufficient pace, suggesting rates could remain elevated for longer if price pressures persist. Despite the decline, the move was relatively modest and did not signal a broad reversal in the cryptocurrency rally. Bitcoin remained significantly above its levels earlier in August, indicating that investor demand for digital assets has held up despite renewed concerns over interest rates. bitcoin:native