Bitcoin Plunges to $78,000 After Jackson Hole but Bulls Stay Upbeat - Coinbase Global (NASDAQ:COIN)

Bitcoin has slipped after a rejection at $80,000 and is trading around $78,000 following Kevin Warsh’s speech at Jackson Hole, but several bullish voices argue the move could have more upside. On a Thursday podcast, Bankless host Ryan Sean Adams and venture capitalist Haseeb Qureshi said sellers may be getting exhausted. They also pointed to Treasury actions meant to lower long-term yields, reviving the “debasement trade.” Qureshi suggested Bitcoin’s late-June low near $58,000 may be the cycle bottom, with options implying a wide year-end range: either $100,000 or a return to the low-$60,000s.