Weekly Recap: Stock Markets Slip and Bitcoin Falls as Fed Chair Warsh Sparks Rate Hike Fears

Bitcoin fell 2.77% as Fed Chair Kevin Warsh hinted at inflation concerns at Jackson Hole, boosting September rate hike odds from 35% to over 57%. The Nasdaq dropped 0.52%, S&P 500 fell 0.25%, and Russell 2000 lost 1.4%. The dollar surged, posting its biggest daily gain.