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.