Episode
August 28: Bitcoin Still Can’t Hold $80K as AI Infrastructure Creates a New Investment Trade
- Podcast
- Daily Crypto News
- Published
- Aug 28, 2026
- Duration seconds
- 1036
- Processing state
not_requested- Canonical source
- https://www.dailycryptonews.net
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Summary
Bitcoin got as high as roughly $81,300 overnight and still couldn't maintain $80K . The battle is getting clearer. ETF demand remains strong, with another $242 million entering U.S. spot Bitcoin ETFs Thursday and roughly $3 billion arriving during nine consecutive positive sessions , but traders keep taking profits above $80K. The real breakout probably requires Bitcoin to turn $80K into support and then clear roughly $81K-$83K . The biggest macro catalyst today is Kevin Warsh at Jackson Hole. Treasury yields are still elevated, inflation remains uncomfortable, and markets are even considering whether the Fed may have to raise rates again. A hawkish Warsh could strengthen the dollar and yields and make Bitcoin's $80K problem worse. A more balanced Warsh could give ETF buyers another opportunity to push through. And then there's SanDisk , which may be one of the craziest stock stories of the AI boom. The stock is up more than 500% this year , but there is a real business transformation behind it: annual revenue rose 175%, data-center revenue surged 437%, Q4 gross margins reached nearly 85%, NAND prices exploded, and AI companies are consuming memory faster than manufacturers can supply it. The risk is that memory is still cyclical. SanDisk's run continues as long as AI demand and memory shortages remain stronger than new supply. Happy HODLing. Hosted on Acast. See acast.com/privacy for more information.