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International Business Times
International Business Times
Business

Bitcoin Is Back Above $80,000. Now Fed Chair Kevin Warsh Could Decide Whether The Rally Keeps Going.

Kevin Warsh US Federal Reserve Bitcoin Inflation Crypto Kansas City Fed the Treasury Department
Bitcoin was trading around $80,700 Thursday after a sharp advance over the past 10 days.

Bitcoin climbed back above $80,000 Thursday as crypto traders turn their attention to Federal Reserve Chair Kevin Warsh's closely watched Jackson Hole speech.

The cryptocurrency was trading above $80,000 on Thursday at 2:16 p.m. ET after a sharp advance over the past 10 days. The rally followed steps by the Treasury Department to ease pressure on longer-term government bonds, while investors are now waiting to see whether Warsh takes a tougher stance on inflation when he speaks on Friday.

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