Bitcoin Holds Near $80K; Traders Eye Jackson Hole Speech

The market's calm around $80K masks a reactive posture: positioning is likely hinging on the Fed's tone rather than crypto-specific fundamentals. A hawkish surprise could pressure risk assets broadly, while a dovish tilt might reinforce current support. The key watch is whether Bitcoin's tight range persists through the speech or if volatility spikes on policy cues, signaling that macro sentiment, not adoption narratives, remains the dominant price driver.