Market News

    Bitcoin Holds $78K as Fed Repricing Triggers ETF Outflows

    1 min read
    118 words
    Updated Sep 1, 2026

    Bitcoin consolidated near $78,039 on August 31, 2026, after Federal Reserve Chair Kevin Warsh's hawkish Jackson Hole address knocked prices down from $81,330 and sparked $488M in total liquidations. Spot Bitcoin ETFs saw $201.9M in net outflows, while Ethereum ETFs continued a ten-day inflow streak with $102M.

    Written and reviewed by Kevin Nerway · Last verified 1 September 2026

    Key Takeaways

    • Bitcoin holds near $78,039 after Fed Chair Kevin Warsh's hawkish Jackson Hole remarks sparked a drop from $81,330 to $77,678, driving roughly $488 million in crypto liquidations.
    • Institutional capital showed sharp divergence as spot Bitcoin ETFs recorded $201.9 million in outflows, breaking a nine-day streak, while spot Ether ETFs absorbed $102 million in fresh inflows.
    • Macro headwinds remain firm as 10-year Treasury yields hold near 4.72% across three straight rising sessions, keeping risk appetite suppressed ahead of upcoming ISM PMI and JOLTS data.
    • Federal Reserve expectations shifted rapidly, with rate-hike probability contracts jumping to 68% after Core PCE prints reached 3.7% over 12 months and 4.1% over six months.

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