Bitcoin price surge cools after Fed inflation warning

By Michael FawnBitcoin’s impressive rally hit a snag on Friday, August 28, with the cryptocurrency’s price pulling back sharply after Federal Reserve Chair Kevin Warsh signaled ongoing efforts to combat inflation. The leading digital asset dropped more than 3% over 24 hours, trading at $77,379 in New York.This reversal followed a significant Bitcoin price surge fueled by over $3 billion in inflows into U.S. spot exchange-traded funds (ETFs).Federal Reserve chief dampens Bitcoin momen