Bitcoin Loses Steam Ahead of Fed Chair Speech Bitcoin lost momentum soon after breaching $81,000, as markets awaited Federal Reserve Chair Kevin Warsh’s inaugural Jackson Hole speech. The price slid shortly after hitting this key resistance level for the second time this week, echoing the Aug. 25 pullback when the cryptocurrency topped $80,000 for the
MIAX, the U.S. options exchange group, restored Monday and Wednesday short-term expiries for options on BlackRock’s iShares Bitcoin Trust ETF after dropping IBIT from its third-quarter roster. A MIAX listing alert said the exchange group would begin listing IBIT under a new, lower-threshold Tier 2 framework on Aug. 18, 2026. It named IBIT expirations for
Bitcoin continues to trade near $80,000 as buyers defend key technical levels and leverage returns to the market. The cryptocurrency recently changed hands around $79,759 after a strong advance pushed it toward major resistance. Brandt Bets on Bitcoin’s Breakout Brandt recently disclosed several active trades, including a long Bitcoin position. He also holds long positions
Bitcoin price fell below $77,000 after Fed Chair Kevin Warsh delivered a hawkish speech at Jackson Hole, warning that inflation remains too high. BTC dropped to $76,845, wiping out heavily leveraged positions and pushing total crypto liquidations to $478 million. The sharp move came as traders worried that higher rates could keep pressure on risk
Hedgeye Asset Management has launched the Hedgeye Hedged Bitcoin ETF under the ticker HBIT on the New York Stock Exchange. According to the August 27 launch announcement, the actively managed fund combines exposure to US-listed spot Bitcoin products with a changing options overlay. HBIT does not hold Bitcoin directly The fund primarily invests in exchange-traded
As of August 28, 2026, the Bitcoin price today sits at $79,789.69, just below the $80,000 mark. The daily chart shows strong momentum while shorter timeframes reveal early fatigue, creating a tense consolidation phase worth watching closely. $BTC/USDT — daily chart with candlesticks, EMA20/EMA50 and volume. Key takeaways Bitcoin sits at $79,789.69 on August 28,
The recent pullback in Bitcoin (BTC) and Ethereum (ETH) prices has revived expectations of a short-term decline in the cryptocurrency market. Jiang Zhuo’er, founder of Lebit Mining Pool, also known as B.TOP, pointed out that both major cryptocurrencies have fallen below their rising price channels. Jiang Zhuo’er stated in a social media post that the
Garrett Jin, the founder of cryptocurrency exchange BitForex, is currently sitting on an unrealized gain exceeding $4 million from a 3x leveraged long position on Bitcoin, according to data from Hyperbot. The position was opened two days ago when Bitcoin was trading at approximately $79,000, with Jin adding a 600 $BTC long. This development comes
Blockchain data from Lookonchain indicates that a portion of the Bitcoin holdings once believed lost after Irish drug dealer Clifton Collins misplaced his wallet keys has begun moving again. A wallet address associated with the holdings transferred 500 $BTC, worth approximately $39.56 million, to Coinbase Prime. Background of the Case Clifton Collins, an Irish national,
Swan Bitcoin CEO Cory Klippsten has pushed back against the recurring characterization of Bitcoin as a Ponzi scheme, arguing that prominent critics have failed to provide a sound basis for the comparison. In a recent statement, Klippsten addressed claims made by economists and financial commentators who have drawn parallels between Bitcoin and fraudulent investment schemes.