Bitcoin under $80,000, solana leads majors higher before Warsh's Jackson Hole debut

BREAKING: $BTC slips below $80,000 as solana leads the majors higher, with traders bracing for Fed chair Kevin Warsh's Jackson Hole debut.

Bitcoin just slipped under eighty thousand dollars. And weirdly, the rest of crypto didn't follow it down.

Solana is leading the majors higher this morning, which tells you traders aren't panicking, they're repositioning. You can see the mood on the floor here, everyone's watching the same thing, and it isn't bitcoin.

It's Kevin Warsh. The new Fed chair gives his first ever Jackson Hole speech today, and crypto desks treat that stage like the weather report for the next six months. Warsh has a reputation as a hawk, so anyone holding risk assets wants to hear whether the man actually governs like one.

So you've got bitcoin below a big round number, altcoins sprinting the other way, and everything hanging on a debut speech in the Wyoming mountains. If Warsh sounds even slightly softer than his reputation, this dip could look very cheap by Monday.

This is Sara White, reporting for HIT.