Key facts
- Bitcoin approached $81,000 ahead of the Federal Reserve's Jackson Hole meeting.
- Federal Reserve Chair Kevin Warsh criticized the use of forward guidance.
- Bitcoin saw a temporary decline after Warsh's remarks before recovering.
Bitcoin was approaching $81,000 as traders looked to the Federal Reserve's Jackson Hole meeting for economic signals. During the event, Fed Chair Kevin Warsh declared that forward guidance has "overstayed its welcome." Following these comments, Bitcoin experienced a brief decline before recovering.