Saturday 29 August 2026 | 13:15 UTC | London Active / NY Opens ~14:45 UTC
Bitcoin broke below the $78,000 handle during London hours, printing a session low near $77,465 before finding thin support in the $77,600–$77,700 zone. The catalyst was unambiguous: Fed Chair Warsh delivered a hawkish keynote at Jackson Hole, puncturing the debasement narrative that had been driving BTC's recent bid. The move represents a clean technical break of the psychological $78K floor, shifting near-term structure bearish despite the underlying bull bias on longer timeframes. Altcoins followed mechanically, with ETH holding $2,434 and SOL defending $103 — both underperforming on a relative basis, suggesting no independent bid.