Bitcoin recovered to $78,000 by Saturday afternoon after falling below $77,000 around Federal Reserve Chair Kevin Warsh’s Jackson Hole address, securing a modest 1% weekly gain. The move kept bitcoin on track to finish August with gains exceeding 20%. The broader crypto market fluctuated from nearly $2.74 trillion at the start of the week to below $2.7 trillion on Aug. 23, then rose to $2.79 trillion by Friday before slipping to about $2.73 trillion by Saturday afternoon. The week followed a rally that added more than $500 billion in digital-asset market value over seven days. Bitcoin’s gains were initially supported by momentum from the previous week’s U.S. Treasury bond buyback announcement, briefly taking it above $81,000 on Tuesday, Aug. 25. After two days between $77,000 and $79,000, it reclaimed $81,000 on Thursday before retreating. Its parallel movement with gold prompted debate over institutional demand for scarce assets as a hedge against fiat currency erosion. Himanshu Sahay, co-founder and CTO of Arch Lending, said the relationship represented a broader reassessment of scarce assets rather than simply an institutional flight from fiat debasement. Altcoin performance was mixed: Solana gained after Charles Schwab said it would add SOL, AVAX and LINK to client accounts in the near future, while Monero rose from $425 to $463. RAIN gained 24%, whereas XRP fell nearly 7%, Dogecoin declined 7.2%, and ADA, XLM and BCH each lost more than 10%. Overall altcoin market capitalization increased just over 4%, from $1.13 trillion to $1.18 trillion on Aug. 29.