In brief – Bitcoin trades at $80,526, up 1.9% on the day, after getting rejected near $81,265 earlier this week. – The Fed’s Jackson Hole symposium opened today under the theme “Financial Innovation: Implications for Payments and Policy,” with new Chair Kevin Warsh’s keynote due…
iday. – The charts are signaling overbought conditions for BTC, even as the broader trend score seems bullish. Bitcoin is knocking on the door of its next major resistance wall right as the world’s most-watched central banking conference gets underway with an agenda that, for once, is actually about crypto’s own back yard
BTC is changing hands at $80,526, up 1.9% today after opening at $79,023 and tagging an intraday high of $80,808. That puts the cryptocurrency roughly 2.5% below the $82,538 level that capped a previous breakout attempt, and it comes two days after Bitcoin was rejected near $81,000 as its 50-week moving average, sitting around $81,085, capped the rally. The 2026 Jackson Hole Economic Policy Symposium runs August 27-29 under the theme “Financial Innovation: Implications for Payments and Policy” with digital payments and fintech infrastructure placed at the center of the program.
New Fed Chair Kevin Warsh delivers his first keynote as chair on Friday, August 28, with traders pricing September rate-hike odds at roughly one-in-three heading into the speech. Bitcoin price: What the charts say The move that got Bitcoin here has been almost entirely macro-driven. Bitcoin’s August surge traces back to Treasury Secretary Scott Bessent’s announcement of expanded Treasury bond buybacks, which pushed yields and the dollar lower and revived the so-called “debasement trade”—the strategy of buying scarce assets like Bitcoin and gold as a hedge against currency weakness.