In this week's edition of the weekly recap, Bitcoin returned to $80,000 after its strongest rally in more than three years, although traders struggled to push the price through $82,000.
The total crypto market cap shed over $80 billion after the Jackson Hole speech by Kevin Warsh.
US spot Bitcoin ETFs posted $201.8 million in net outflows Friday, led by ARK 21Shares, as total fund assets slipped back below $100 billion.
Federal Reserve Chair Kevin Warsh delivered a stern message during his closely-watched Jackson Hole speech Friday, cautioning that the battle against inflation is far from over and significant challenges remain for monetary policymakers.
Cardone Capital has added about 1,200 BTC and 2,000 multifamily units to its real estate-backed Bitcoin strategy, increasing both assets held across its private investment vehicles. Grant Cardone said in an X post on Aug. 28 that his $5.
Institutional rebalancing amid Bitcoin's price surge highlights the volatility and strategic adjustments in digital asset portfolios. BlackRock clients sell $33M worth of Bitcoin through IBIT ETF.
BTC was rejected at over $81,000 once again. This time, though, there was an evident catalyst.
The leading cryptocurrency experienced a sharp downturn on Friday following Federal Reserve Chairman Kevin Warsh's inaugural keynote address at the Jackson Hole Economic Symposium, with BTC touching a low of $78,442 on the Bitstamp exchange.
Six decade-old wallets moved $40 million this month, but Galaxy's data shows dormant coin activity at its lowest since 2022 and 2026 on pace for under half of last year's total.
Bitcoin is behaving less like a technology stock and more like gold as its correlations shift sharply, according to Grayscale. Rising U.S. debt and renewed fiscal concerns are also bringing the debasement trade back into focus.
Binance's Changpeng Zhao says Bitcoin could overtake gold soon.
Blockchain parsers show that Ireland's Criminal Assets Bureau (CAB) has successfully moved another 500 BTC valued at $38 million from a large cluster of old unspent transaction outputs (UTXOs) that once belonged to a cannabis dealer named Clifton Collins.