Bitcoin Falls After Fed Warsh's Speech Boosts U.S. Bond Yields, Dollar — Market Talk
Bitcoin falls in Asian trading. Fed Chair Kevin Warsh's hawkish speech at the Jackson Hole symposium on Friday boosted U.S. bond yields and the dollar, says IG market analyst Tony Sycamore in a note. Higher borrowing rates tend to weigh on risk appetite, dragging cryptocurrencies. Bitcoin falls 0.95% to $77,851.62, LSEG data show.([email protected])