CoinDesk Podcast Network Will Powell’s Jackson Hole Speech Move BTC? | COINDESK DAILY
Aug 18, 2025
Bitcoin experienced a significant drop as traders took profits after hitting an all-time high, with over $3.5 billion realized in weekend sales. The discussion emphasizes the potential influence of Fed Chair Powell's upcoming speech at Jackson Hole on market sentiment. Additionally, the podcast highlights noteworthy acquisitions in the crypto industry and advancements in regulatory measures in Japan. As the market awaits key economic signals, speculation about Bitcoin's future direction intensifies.
AI Snips
Chapters
Transcript
Episode notes
Jackson Hole Looms As Catalyst
- Market participants positioned cautiously ahead of macro events like the Jackson Hole speech.
- Jerome Powell's remarks on inflation and policy are a key near-term catalyst for bitcoin.
Profit-Taking Drove Weekend Drop
- Bitcoin pulled back after traders booked profits following a new all-time high.
- Glassnode shows over $3.5 billion in realized profits were taken across the weekend.
Companies Keep Accumulating BTC
- Public companies continued to add to their bitcoin treasuries despite short-term price moves.
- Strategy and Metaplanet made notable purchases, growing sizable corporate holdings.