Bitcoin gains 22.1% as Moon Pursuit urges systematic strategies ahead of Jackson Hole

Bitcoin gained 22.1% in seven days, rising from about $64,000 to briefly test $80,000 in its strongest weekly advance since March 2024. Moon Pursuit Capital Principal Courtney Olujobi said professional crypto investors should rely on systematic portfolio strategies rather than trying to forecast the Federal Reserve’s next message. He said Jackson Hole remains important because expectations for U.S. monetary policy influence liquidity and risk appetite, while Bitcoin’s limited tradable supply can amplify capital flows in either direction. Stablecoin supply is about $308 billion, up roughly 14% from a year earlier but below its May peak, while Moon Pursuit estimates that about 13% of circulating Bitcoin is actively available for public-market trading. The rally was also supported by short liquidations, U.S.-listed spot Bitcoin ETF inflows of about $1.9 billion in the week ending Aug. 21 and continued cash-market demand. Market-neutral strategies can reduce directional exposure and seek returns from relative pricing or volatility, but they can miss much of Bitcoin’s upside during a strong advance. Warsh’s Aug. 28 speech will follow the Fed’s 9–3 July decision to hold its target rate at 3.50% to 3.75%, with inflation and revised economic-growth data due before the address.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.