On August 28, iShares Bitcoin Trust declined 3.07% in regular trading, trading at $43.78/share, with turnover of $20.52 billion. Bitcoin attempted to push toward $80,000 but reversed sharply as Fed Chair Kevin Warsh delivered his first Jackson Hole keynote address.

Warsh released a distinctly hawkish signal, stating that recent CPI and PCE improvements have not convinced him that underlying inflation trends have shown meaningful improvement. He emphasized that price stability should remain the Fed's primary focus and that the central bank still has work to do. Fed official Hammack further intensified the hawkish tone, stating the Fed should take rate hike action and that waiting would only bring pain. Market pricing subsequently showed rising probability of a rate hike before December, while two-year Treasury yields hit their highest level since July during the speech.

Bitcoin had rallied over 20% in the preceding week, fueled by short squeezes and ETF inflows of approximately $22.3 billion. However, the hawkish repricing of monetary policy expectations reversed momentum, with Bitcoin falling back below $79,000 as risk assets broadly came under pressure.

The iShares Bitcoin Trust seeks to reflect generally the performance of the price of bitcoin.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)