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Bitcoin drops 2.5% after Fed Chair Warsh's hawkish Jackson Hole speech halts ETF inflows.

Market News
29 Aug 2026
Bitcoin
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Bearish
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Bitcoin's price fell about 2.5% to around $77,588 following Federal Reserve Chair Kevin Warsh's hawkish keynote at the Jackson Hole Economic Policy Symposium, which increased expectations for a rate hike. This speech ended a nine-day streak of inflows into U.S. spot bitcoin ETFs, with $202 million flowing out on the same day. Despite the dip, bitcoin has gained over 23% since mid-August, supported by positive crypto news and Treasury bond buyback announcements. Technical indicators show bitcoin is slightly overbought but bullish momentum remains intact for now, with support holding near $77,000 and resistance around $80,300.

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