What Happened to Bitcoin: A 24% Rally, a Fed Speech, and a $488M Liquidation Wave
Bitcoin ran nearly 24% in August 2026, surging from the low $60,000s past $81,000. Then Fed Chair Kevin Warsh spoke at Jackson Hole, and close to $488 million in leveraged crypto positions got wiped in a single session. If you want to know what happened to Bitcoin over the past few weeks: a macro rally met a macro wall. I traded through both sides, and the sequence sharpened my risk rules more than any textbook. Treasury Buybacks Sparked the Bitcoin Rally, Not Crypto News The move began with ...