{"id":77441,"date":"2026-08-29T15:54:50","date_gmt":"2026-08-29T15:54:50","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-retreats-after-warshs-hawkish-jackson-hole-keynote\/"},"modified":"2026-08-29T15:54:50","modified_gmt":"2026-08-29T15:54:50","slug":"bitcoin-price-retreats-after-warshs-hawkish-jackson-hole-keynote","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-retreats-after-warshs-hawkish-jackson-hole-keynote\/","title":{"rendered":"Bitcoin Price Retreats After Warsh\u2019s Hawkish Jackson Hole Keynote"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin fell 2.5% to $77,588 after Kevin Warsh\u2019s hawkish Jackson Hole speech.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">U.S. spot bitcoin ETFs snapped a 9-day inflow streak Friday with $202 million in outflows.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin holds $76,800-$77,000 support as RSI hits 70 and resistance looms near $80,300.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Bitcoin Retreats From $81,455 as August Gains Hold Firm<\/h2>\n<p>As of today, Aug. 29, 2026, at 8:30 a.m., <a href=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin\u2019s price stands at around $77,588 to $77,984<\/a> per unit. While the leading crypto asset is down around 2-2.5% over the last 24 hours, since August 15, BTC has seen its price rise by 23.2% against the U.S. dollar. Bitcoin\u2019s initial move upward was pushed by the Treasury\u2019s mid-August announcement concerning the expansion of bond buybacks.<\/p>\n<p>During that same week, U.S. President Donald Trump met with a slew of cryptocurrency industry executives and <a href=\"https:\/\/news.bitcoin.com\/finance\/trump-opens-bitcoin-door-as-us-debt-blows-past-40-trillion\/\">made several positive comments<\/a> about the crypto sector. For instance, he discussed bringing Hyperliquid to the U.S., and he was also open to the idea of acquiring sizable amounts of BTC after listening to advice from members of his administration.<\/p>\n<p>The combination of these two headlines propelled spot bitcoin exchange-traded fund (ETF) demand, which saw nine straight days of inflows. <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/bitcoin-etf-202-million-outflow-ether-102-million\/\">That positive streak ended Friday<\/a>, with the first day of outflows recorded by spot bitcoin ETFs as data shows a $202 million exit.<\/p>\n<h2>Sticky Inflation and Positive Crypto Headlines Collide<\/h2>\n<p>A few things followed that dampened the price by the end of the week. <a href=\"https:\/\/news.bitcoin.com\/finance\/sticky-inflation-strikes-again-as-fed-faces-stagflation-trap\/\">The first was sticky inflation<\/a>, as the U.S. personal consumption expenditures (PCE) price index logged a rise in July. But bitcoin managed to shrug off that headline and bounced back from a slight dip to the $81,455 weekly high. Positive news like the U.S. Securities and Exchange Commission (SEC) proposed custody rules rewrite draft and Charles Schwab expanding its digital asset lineup helped.<\/p>\n<h2>Warsh\u2019s Hawkish Jackson Hole Debut Jolts Markets and Bitcoin\u2019s Price<\/h2>\n<p>But then came the Jackson Hole Economic Policy Symposium, where <a href=\"https:\/\/news.bitcoin.com\/kevin-warsh-takes-fed-chair-oath-as-fomc-gives-unanimous-backing\/\">Federal Reserve Chair Kevin Warsh<\/a> gave his first speech at the annual event. Warsh spoke at 10 a.m. EDT on Friday, and he focused directly on the event\u2019s theme, \u201cFinancial Innovation: Implications for Payments and Policy.\u201d The Warsh keynote was considered hawkish, and he stressed that the U.S. central bank has \u201cwork to do.\u201d He stressed that specific financial conditions have been difficult and that forward guidance had \u201coverstayed its welcome.\u201d<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>The odds for a rate hike immediately jumped from 35% to the mid-50s. Treasury yields went up, and precious metals like gold logged modest declines. Before the Warsh keynote, <a href=\"https:\/\/news.bitcoin.com\/finance\/bessents-bond-buyback-gamble-could-pour-fuel-on-bitcoin-price\/\">bitcoin\u2019s price was coasting along<\/a> rangebound at around $79,500 per unit. After the Warsh speech, bitcoin briefly traded under $77,000 before buyers absorbed the intraday low. This was the same day that spot bitcoin ETFs went from a green streak to a red day. Despite the consecutive days of inflows cracking, August remains a strong inflow month with roughly $3.1\u2013$3.3 billion pulled in.<\/p>\n<h2>Bitcoin Tests $77,000 Support as Technicals Flash Overheating<\/h2>\n<p>As of this weekend, bitcoin\u2019s price resistance stands at $79,500\u2013$80,300 (lost on the speech), and the wall grows larger at higher prices. Support currently holds around the $76,800 to $77,000 zone for now, and a low $28.731 billion trading volume over the last 24 hours. Technicals show that momentum was already stretched before the Fed Chair\u2019s keynote, and today the daily relative strength index (RSI) prints a 70. The Stochastic is a bit more elevated at 85, showing signs of an overbought territory.<\/p>\n<p>On the other hand, while RSI is neutral and Stochastic shows some overheating, the moving average convergence divergence (MACD), however, remains in a positive territory. <a href=\"https:\/\/news.bitcoin.com\/understanding-oscillators-in-bitcoin-trading-a-technical-analysis-guide\/\">Overall, between oscillators<\/a> and moving averages, and despite the latest drawdown, bullish momentum seems to be still intact. At least for now.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-price-retreats-after-warshs-hawkish-jackson-hole-keynote\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitcoin fell 2.5% to $77,588 after Kevin Warsh\u2019s hawkish Jackson Hole speech. U.S. spot bitcoin ETFs snapped a 9-day inflow streak Friday with $202 million in outflows. Bitcoin holds $76,800-$77,000 support as RSI hits 70 and resistance looms near $80,300. Bitcoin Retreats From $81,455 as August [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":77442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77441"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=77441"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/77442"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=77441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=77441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=77441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}