Bitcoin Dips to Around $78.4K as Fed Chair Warsh Dismisses Softer Inflation Prints
Bitcoin slid to around $78,400 after Fed Chair Kevin Warsh's first Jackson Hole keynote downplayed softer inflation prints, clipping a $3 billion ETF-driven rally.
Mara Velasquez covers markets and DeFi for NFT Signals, reporting on price action, liquidity and the listed companies with crypto on their balance sheets. She also tracks exploits and stolen-funds recovery.
98
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2026
Bitcoin slid to around $78,400 after Fed Chair Kevin Warsh's first Jackson Hole keynote downplayed softer inflation prints, clipping a $3 billion ETF-driven rally.
Polish prosecutors detained Olympic Committee president Radosław Piesiewicz over an alleged luxury-watch bribe from collapsed crypto exchange Zondacrypto, deepening a probe that already drew the prime minister's accusations of Russian intelligence ties.
Bitcoin slipped below $79,000 as traders priced in a Federal Reserve rate hike, while spot ETF inflows cooled to $232.1 million after an eight-day, $2.8 billion streak.
Better Mortgage and Coinbase opened their Bitcoin-collateralized down-payment mortgage to all Coinbase One members, letting US buyers pledge BTC instead of selling it.
A new SEC Form D filing shows Kalshi raised $1.12 billion in equity since April, well past earlier reports it was seeking $750 million at a $40 billion valuation.
Bitcoin crossed $80,000 for the first time since May, extending a rally traders link to dollar weakness and Treasury bond buybacks — while Solana jumped 8% and the options market flagged overbought signals.
Strategy sold $2 billion of MSTR stock last week and funneled the proceeds into a new USD Cash pool and preferred-stock buybacks, leaving its 840,447 BTC stack untouched for another week as bitcoin pushed toward $80,000.
Strategy sold $2 billion of MSTR stock last week and funneled the proceeds into a new USD Cash pool and preferred-stock buybacks, leaving its 840,447 BTC stack untouched for another week as bitcoin pushed toward $80,000.
Stablecoin neobank Fasset raised a $68M Series C led by Japan's SBI Group at a $1B valuation, with plans for a Malaysia digital bank and expanded cross-border stablecoin payments.
XRP surged roughly 50% this week, its best weekly performance since November 2024, as traders tied the move to a US Treasury buyback program and speculation that officials may be engineering lower long-term borrowing costs.