Crypto & Stocks | Bitcoin Near $79K as AI Rally Faces Jackson Hole Test

Meanwhile, the U.S. AI trade is beginning to broaden from semiconductors into software and cybersecurity.

But the latest earnings season is also producing new signals from the software side.

The AI narrative is therefore changing.

Investors are no longer asking only whether companies are still buying more chips. The next question is whether enterprises are willing to keep paying for AI software, agents, identity services and cybersecurity.

If the answer remains yes, the AI rally could broaden from semiconductor infrastructure into a much wider group of technology stocks.

That also matters for Bitcoin.

Markets are now caught between two forces:

Strong AI earnings are supporting risk appetite.

Higher inflation and rate expectations are strengthening the dollar and Treasury yields, creating pressure on BTC and growth stocks.

That makes the upcoming Jackson Hole Economic Policy Symposium the next major test.

Investors will focus on Fed Chair Kevin Warsh’s comments on inflation, interest rates and the future path of monetary policy.

For Bitcoin, the next key technical zone remains above $80,000, with the previous high near $82,800 providing another major resistance level.

A convincing breakout could strengthen expectations for a broader trend reversal. But if Jackson Hole pushes Treasury yields higher, both crypto and high-growth technology stocks could face renewed volatility.

The key question for markets is shifting from:

“Can AI chip demand stay strong?”

“Can AI-driven earnings broaden across technology, and can that risk appetite survive a more hawkish macro environment?”