Bitcoin Drops Below $78,000 After Warsh Speech

Bitcoin fell 3% over 24 hours to $77,955 by early Friday afternoon, leaving it 0.7% higher on the week after trading as high as $81,479.50 overnight. Gold fell 2.4% and U.S. equities turned negative after Federal Reserve Chair Kevin Warsh told the Jackson Hole symposium the central bank has "work to do" on inflation.

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