Bitcoin News
By Evie Vavasseur
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Technical Picture Still Intact, Barely. Technically, it's not a disaster — not yet. The Relative Strength Index and Average Directional…
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ETF Inflows and the Debasement Trade. Here's what's kept the broader bull case alive: U.S. spot Bitcoin ETFs have pulled in $2.
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Bitcoin got hit hard Friday. The price slid to $76,877, wiping out most of a strong weekly gain after Federal Reserve Chair Kevin Warsh took the podium at Jackson Hole and made…
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Warsh, marking his 100th day in office, didn't hand the market any new rate guidance. What he did say was blunt enough: inflation isn't cooling fast enough, and the Fed needs to…
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CoinGlass put total crypto liquidations at roughly $481 million for the session. Long positions took the worst of it — over $360 million of that total came from longs getting…
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The Fed's rate path shifted noticeably too. Per the CME Group's FedWatch tool, the probability of a September rate hike jumped to 55.7%, up from 35.4% before Warsh spoke.
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Technically, it's not a disaster — not yet. The Relative Strength Index and Average Directional Index both still lean toward a continuing uptrend rather than a clean reversal.
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But there's a zone everyone's watching: $73,670 to $75,157. If Bitcoin can't hold that range, things get messier.
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See also: Dollar Surges Near One-Week High as PCE Data Fuels Fed Rate Concerns
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The pullback looks more like consolidation than collapse. Probably. Seems that way based on the indicators.
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Here's what's kept the broader bull case alive: U.S. spot Bitcoin ETFs have pulled in $2.8 billion over eight consecutive days, the longest inflow streak since April.
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The macro backdrop has actually been supportive. The Treasury Department said it's increasing long-dated bond buybacks starting September 9.
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Warsh's comments didn't blow that backdrop up. He didn't commit to a specific rate path. He just made the Fed's next move feel less predictable, which is its own kind of problem…
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More context: Dollar Steady as Warsh Warns Feds Inflation Battle Far from Over
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The PCE price index sits at 3.7% — well above the Fed's 2% target — and Warsh gave no timeline for when the Fed expects to close that gap.
The Currency Analytics
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