Bitcoin holds $80,000, solana leads majors higher before Warsh's Jackson Hole debut

Bitcoin traded around the $80,000 mark in Asian hours Friday after a nearly 2% gain over 24 hours and an overnight run to $81,280, with traders squaring up before Fed Chair Kevin Warsh's first Jackson Hole keynote later in the day.

Jackson Hole is the Kansas City Fed's annual symposium in Wyoming, where the chair's speech has a history of moving markets. Warsh has, so far, given traders little on where he wants rates, making this the first real read on market clues before the September 16 FOMC meeting.

Spot ETFs are carrying the bid, with U.S. products absorbing $2.8 billion across eight consecutive sessions, the longest inflow streak since April, while August flows have cleared $3 billion to make this the strongest month of 2026 with one trading day left.

Solana ripped more than 4% to nearly $101 and 20% over seven days. Ether added just over 1% to roughly $2,492, $XRP nearly 2% to about $1.43, and BNB more than 1% to nearly $714. Tron gained less than 1% at roughly 34 cents and dogecoin sat flat near 9 cents. $HYPE was the only major in the red, shedding under 1% to about $82.

The weekly picture is broader, with ether and $XRP both up close to 11%, dogecoin 16% and $HYPE 12%. Ethena's ENA led the top 100, up 6% on the day and 45% on the week after a governance vote to route protocol revenue into buybacks and restructure venture unlocks.

Oil did the heavy lifting on the macro side. Brent eased to just under $90 a barrel and is down more than 5% on the week after Iran and Oman agreed terms on administering the Strait of Hormuz, pulling an energy-driven inflation shock off the table right as the Fed decides whether it is finished hiking.

The 10-year Treasury yield held at 4.67%, seven basis points lower on the week, the two-year sat at 4.23%, the dollar index hovered just above 99 and gold slipped to $4,587 an ounce.

Meanwhile, Nvidia's guidance, $96.2 billion in quarterly revenue and a third-quarter forecast above $105 billion, drove a 9% surge that added $442 billion in market value and lifted the Nasdaq 1.3%.

WSJ reported Nvidia had paused some deals in a new financing initiative that offered credit support to artificial-intelligence cloud providers in exchange for a share of revenue, citing people familiar with the matter.