Daily Market Update: Bitcoin Stalls at $80K and Nvidia Explodes Higher - All Eyes on Jackson Hole

TLDR

• Bitcoin fell just under $80,000 after hitting $81,280 overnight, with U.S. spot ETFs logging $2.8 billion in inflows over eight straight sessions
• Solana jumped over 4% on the day and 20% on the week, leading crypto gains among major tokens
• Nvidia reported $96.2 billion in quarterly revenue and forecast over $105 billion next quarter, sending its stock up 9%
• The Nasdaq rose 1.6%, the S&P 500 gained 0.7%, and the Dow added 0.2% on the back of Nvidia’s results
• All eyes are on Fed Chair Kevin Warsh’s first Jackson Hole speech, which could signal the direction of interest rates ahead of the September FOMC meeting

Bitcoin traded just under $80,000 during Asian hours on Friday after touching $81,280 overnight. The move came alongside eight straight days of inflows into U.S. spot Bitcoin ETFs, totaling $2.8 billion. August has now seen over $3 billion in ETF inflows, making it the strongest month of 2026 so far.

Solana was the standout performer among major cryptocurrencies, rising more than 4% on the day to just under $101. Over the past seven days, Solana is up 20%. Ether climbed just over 1% to around $2,492, XRP gained nearly 2% to about $1.43, and BNB rose over 1% to near $714.

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