Bitcoin traded near US$80,000 in Asian hours August 28 after briefly touching US$81,280, as traders squared positions before Federal Reserve Chair Kevin Warsh’s Jackson Hole speech.

The chair’s speech at the Kansas City Federal Reserve’s annual symposium often moves markets before the September 16 Federal Open Market Committee meeting.

US spot bitcoin exchange-traded funds took in US$2.8 billion across eight sessions.

August inflows topped US$3 billion with one trading day left, making it 2026’s strongest month so far.

Ether rose just over 1% to about US$2,492, and solana gained more than 4% to nearly US$101.

Some analysts said sustained exchange-traded fund buying can tighten bitcoin supply on exchanges and provide more durable spot support for bitcoin prices.

Brent crude was down more than 5% on the week at just under US$90 a barrel after Iran and Oman agreed terms on administering the Strait of Hormuz, easing inflation concerns as lower oil prices can soften inflation expectations.

Nvidia’s guidance helped lift the Nasdaq 1.3%. The 10-year US Treasury yield held at 4.67%, the dollar index hovered just above 99, and futures implied a 35% chance of a September rate increase and fully priced in a move by December.

🔗 Source: CoinDesk