Bitcoin is trading at $80,526, up 1.9% after being rejected near $81,265 earlier this week. The Fed’s Jackson Hole symposium opened with the theme ‘Financial Innovation: Implications for Payments and Policy,’ with new Chair Kevin Warsh delivering his first keynote as chair on Friday. The Bitcoin RSI stands at 82.4, signaling overbought conditions and a likely pause before any push through resistance. Bitcoin surged 23.6% in a single week in August, climbing from around $62,000 to nearly $80,000, fueled by Treasury Secretary Scott Bessent’s announcement of expanded Treasury bond buybacks. The White House has also teased potential U.S. accumulation of more Bitcoin, adding a policy tailwind to the rally.
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