Bitcoin Price (BTC) Posts Modest Gain Despite Hawkish Lean to Jerome Powell Jackson Hole Speech

The value of bitcoin (BTC) initially slipped just a few {dollars} on the hawkish lean to Powell’s remarks, however has since bounced to modestly optimistic on the day at $26,200. The transfer is maybe not shocking given the bearish tilt to bitcoin’s value motion within the days main as much as the Jackson Gap occasion as merchants anticipated Powell’s continued concentrate on corralling inflation again to the central financial institution’s 2% goal.