Bitcoin was trading at $80,526, up 1.9% on the day after opening at $79,023 and reaching an intraday high of $80,808. The cryptocurrency remains about 2.5% below the $82,538 level that halted a previous breakout attempt and was rejected near $81,265 earlier this week, when its 50-week moving average around $81,085 capped the rally. The 2026 Jackson Hole Economic Policy Symposium runs from August 27-29 under the theme "Financial Innovation: Implications for Payments and Policy," with digital payments and fintech infrastructure central to its agenda. New Fed Chair Kevin Warsh is scheduled to deliver his first keynote as chair on Friday, August 28, while traders are pricing September rate-hike odds at roughly one-in-three. Bitcoin's August advance has been driven largely by macroeconomic factors, including Treasury Secretary Scott Bessent's announcement of expanded Treasury bond buybacks, which pushed yields and the dollar lower and revived the debasement trade (buying scarce assets as a hedge against currency weakness). Bitcoin gained 23.6% in its second-strongest weekly performance since early 2021, rising from about $62,000 to nearly $80,000. Technical indicators show a structurally strong but overheated market: prices are above the 50-day and 200-day averages, while the Relative Strength Index, or RSI (a momentum gauge), stands at 82.4, well into overbought territory. The setup supports the possibility of a pause before Bitcoin challenges resistance, although a signal for looser Federal Reserve policy or a dovish tone from Warsh could further support the falling-yield, weaker-dollar environment that has powered the rally.