coindesk.com
Bitcoin $BTC$77,451.96 is entering the final week of August with its strongest performance for the month in nearly a decade. $BTC is up 23% month-to-date, on track for its best August since 2017, when it rose 65%, according to Coinglass data. The median return for the month is -7%.
Momentum now faces catalysts that include a plethora of U.S. economic data covering growth and inflation, along with the Jackson Hole symposium on Friday.
“Bitcoin enters next week with considerable momentum, but also with a much higher bar to clear after its strongest weekly rally in years,” Daniela Hathorn, a senior market analyst at Capital.com told CoinDesk. Fed Chair Kevin Warsh’s first keynote address during the event will be closely watched.
A speech that keeps further Fed tightening at arm’s length could preserve the weaker-dollar, lower-yield backdrop behind the rally, she said, while a hawkish surprise could trigger profit-taking.
Hong Yea, co-founder and CEO of crypto neobank Grvt, told CoinDesk the week will be shaped by the “collision of Jackson Hole with geopolitical risk.” That’s as uncertainty in the U.S.-Iran conflict lingers, while Russia’s invasion of Ukraine keeps threatening to escalate beyond a local conflict.
What to Watch
All times ET.
-
Crypto
- Aug. 24: Comments close on two joint SEC-CFTC requests covering derivatives product definitions and alternative compliance and swap data reporting, with relevance for crypto derivatives.
- Aug. 24, 10:30 p.m.: BNB Smart Chain activates its Pasteur hard fork.
-
Macro
- Aug. 25, 8:15 a.m.: U.S. ADP Employment Change Weekly (Prev. 9.5K)
- Aug. 25, 10 a.m.: U.S. CB Consumer Confidence for August est. 91.2 (Prev. 90.8)
- Aug. 25, 1 p.m.: U.S. Money Supply for July (Prev. $23.15T)
- Aug. 25, 9:30 p.m.: Australia Inflation Rate YoY for July (Prev. 3.8%); RBA Trimmed Mean CPI YoY (Prev. 3.6%)
- Aug. 26–28: U.S. Jackson Hole Symposium
- Aug. 26, 8:30 a.m.: U.S. Core PCE Price Index MoM for July est. 0.2% (Prev. 0.1%); Core PCE YoY est. 3.3% (Prev. 3.3%)
- Aug. 26, 8:30 a.m.: U.S. GDP Growth Rate QoQ (2nd est.) for Q2 est. 1.5% (Prev. 2.1%)
- Aug. 26, 9 p.m.: South Korea Interest Rate Decision (Prev. 2.75%)
- Aug. 27, 8:30 a.m.: U.S. Initial Jobless Claims for the week ended Aug. 22 est. 210K (Prev. 206K)
- Aug. 28, 10 a.m.: U.S. Michigan Consumer Sentiment Final for August est. 51.0 (Prev. 55.2); 1-Year Inflation Expectations est. 4.3% (Prev. 4.2%)
- Aug. 28, 10 a.m.: U.S. Non-Farm Payrolls Annual Revision Prel (Prev. -911K)
-
Earnings
- Aug. 27: IREN IREN$40.87·At close, post-market, -$0.63
- Aug. 27: Hyperliquid Strategies (PURR), pre-market, $0.79
Token Events
-
Governance Votes and Calls
- CoW DAO is voting to replace fixed settlement penalty caps with relative volume-based percentages, with voting ending Aug. 25.
- Superfluid DAO is voting to select Established Project campaigns and allocate SUP tokens for Season 7. Voting ends Aug. 25.
- Sushi DAO is voting to restructure tokenomics, establish a SUSHI reserve, and migrate liquidity to Robinhood Chain by Aug. 25.
- ShapeShift DAO is voting on four-month renewals for the Tokenomics (SCP-221) and Operations (SCP-222) workstreams to align budget cycles. Voting ends Aug. 26.
- Arbitrum DAO is voting to expand its Audit Program into a comprehensive Security Program. Voting ends Aug. 27.
- GnosisDAO is voting to fund Gnosis Ltd. with $15 million annually (GIP-154) and to signal Gnosis Guild to revive GIP-99 governance, with both votes ending Aug. 27.
-
Token Unlocks
- Aug. 24: The Open Network (TON) to unlock 1.33% of its circulating supply worth $54.12 million.
- Aug. 25: Humanity H$0.07467 to unlock 7.92% of its circulating supply worth $20 million.
- Token Launches
No major token launches
Conferences
- Aug. 24–26: FEBRABAN TECH 2026 (São Paulo, Brazil)
- Aug. 25–27: CryptoWinter26 (Queenstown, New Zealand)
- Aug. 26-27: ETH Belgrade 2026 (Belgrade, Serbia)
- Aug. 27–28: Bitcoin Asia (Hong Kong)