Sentiment in cryptocurrency market remains cautious amidst anticipation ahead of the speech by Fed Chair Kevin Warsh at the Jackson Hole economic symposium. The speech comes in the backdrop of sticky PCE-based inflation and a spike in longer tenor bond yields attributed to worries about the fiscal situation and the large public debt.

The speech assumes significance as the recent buyback announcement by the U.S. Treasury helped ease longer tenor bond yields and propelled Bitcoin to a higher orbit. Crypto watchers would be keen to know whether the Fed Chair’s speech would contain hints about yield curve control and whether the Fed would work in tandem with the Treasury or stay away, stressing the Fed’s independence.

Bitcoin touched a high…