Will Powell’s Jackson Hole Speech Move BTC? | COINDESK DAILY

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4.7 • 698 Ratings

🗓️ 18 August 2025

⏱️ 3 minutes

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Summary

Host Jennifer Sanasie breaks down the latest news in the crypto industry as bitcoin price dropped after traders took profit over the weekend. Bitcoin fell sharply as traders took profit following the new all-time high. According to data from Glassnode, investors booked in over $3.5 billion of realized profits across the weekend. Where is bitcoin headed next ahead of Fed Chair Powell's Jackson Hole speech? CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.” - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit midnight.network/break-free - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	Traders cash out and Will Powell's Jackson Hole speech move Bitcoin. You're watching CoinDesk Daily.
0:06.1	I'm your host, Jen Sanassi.
0:13.8	Bitcoin fell over the weekend to around $115,500 as traders took profit following the new all-time high.
0:21.0	According to data from GlassNode, investors booked in over $3.5 billion of realized profits over the weekend.
0:28.0	Saturday alone saw $3.3 billion cashed out, the largest single-day figure since mid-July and one of the highest in 2025.
0:35.8	As of this morning, Bitcoin is down more than 2% on the day, trading at around $115,500.
0:42.1	The cautious positioning comes ahead of macro catalysts, including the Jackson Hole Symposium,
0:47.5	where Fed Chair Jerome Powell will be delivering a speech on U.S. inflation and economic policies.
0:52.7	In the Bitcoin Treasury World, Strategy and Metaplanet continue their Bitcoin accumulation.
0:57.5	Strategy added 430 Bitcoin to its stack for $51.4 million last week, pushing their total
1:03.3	holdings to $629,376.006 coins worth about $72 billion.
1:09.5	Tokyo listed Metaplanet Inc.
1:11.0	has also acquired an additional 775 Bitcoin for 13.73 billion yen, which is worth
1:17.5	about $94 million.
1:19.1	Made an average price up $120,500 per Bitcoin, the purchase lifts the company's total
1:24.6	holdings to 18,88888.
2:04.4	Thank you. purchase lifts the company's total holdings to 18,88888. And Japan's financial services agency is set to approve the first yen denominated stablecoin as early as this fall.
2:09.6	FinTech company JPYC will register as a monetary transfer business with the regulator,
2:15.4	and JPYC's stablecoin is backed by liquid assets such as bank deposits and government bonds. The report is a sign that stable coins have been at the forefront of regulatory
2:19.3	advancements of digital assets this year with the Genius Act written into law in the
2:23.4	United States.
2:24.4	That's it for CoinDesk Daily.
	...

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