Bitcoin Price Retreats After Warsh’s Hawkish Jackson Hole Keynote

Bitcoin Retreats From $81,455 as August Gains Hold Firm

As of today, Aug. 29, 2026, at 8:30 a.m., bitcoin’s price stands at around $77,588 to $77,984 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’s initial move upward was pushed by the Treasury’s mid-August announcement concerning the expansion of bond buybacks.

During that same week, U.S. President Donald Trump met with a slew of cryptocurrency industry executives and made several positive comments 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.

The combination of these two headlines propelled spot bitcoin exchange-traded fund (ETF) demand, which saw nine straight days of inflows. That positive streak ended Friday, with the first day of outflows recorded by spot bitcoin ETFs as data shows a $202 million exit.

Sticky Inflation and Positive Crypto Headlines Collide

A few things followed that dampened the price by the end of the week. The first was sticky inflation, 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.