---
title: "Weekly Recap | FBTC.US +0.63%, Bitcoin retreats after nearing $80,000"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297397849.md"
description: "FBTC.US gained 0.63% this week to close at $67.44, edging out the S&P 500 by roughly 0.14 percentage points. The week was uneven: Monday and Tuesday held above $68 before Thursday marked the week’s high at $70.365, only for Friday to slip to a $66.89 low and settle below the open. Weekly amplitude was 5.05%, and average daily volume of about 4.81 million shares ran roughly 17.5% above the recent median, pointing to heavier than usual turnover."
datetime: "2026-08-29T09:06:37.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297397849.md)
  - [en](https://longbridge.com/en/news/297397849.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297397849.md)
generator: "portal-rs"
---

# Weekly Recap | FBTC.US +0.63%, Bitcoin retreats after nearing $80,000

## The Week

FBTC.US gained 0.63% this week to close at $67.44, edging out the S&P 500 by roughly 0.14 percentage points. The week was uneven: Monday and Tuesday held above $68 before Thursday marked the week’s high at $70.365, only for Friday to slip to a $66.89 low and settle below the open. Weekly amplitude was 5.05%, and average daily volume of about 4.81 million shares ran roughly 17.5% above the recent median, pointing to heavier than usual turnover.

## Sector News

Crypto-linked headlines were dense this week. Federal Reserve Chair Kevin Warsh’s Jackson Hole remarks acted as a near-term catalyst, with Bitcoin briefly nearing $80,000 before falling back under $77,000 after he pledged to bring inflation to target. CoinGlass data flagged about $1.98 billion in long liquidations if Bitcoin slips below $75,864, suggesting a sensitive pocket of downside liquidity. Institutional signals leaned constructive: Charles Schwab said it would add Solana, Avalanche and Chainlink to its crypto platform alongside Bitcoin and Ether, and CryptoQuant’s CEO said the Bitcoin bear market is over, citing a price metric that resembles the 2023 recovery. On the options side, Glassnode noted positioning has turned more bullish as price approached $80,000.

## The Week Ahead

The macro calendar is heavy. Monday 31 August brings the Dallas Fed manufacturing business activity index, previously 1.3. Tuesday 1 September carries final S&P Global manufacturing PMI, ISM manufacturing PMI and JOLTS job openings; ISM manufacturing PMI stood at 55.6 with a 55.2 estimate, while JOLTS was 7.359 against a 7.3 forecast. Wednesday 2 September adds ADP private payrolls, factory orders and EIA crude inventory data, with ADP previously 44 and expected 47, and factory orders at -0.3 with a 0.6 estimate. After Warsh’s remarks, these employment and inflation prints will test whether Bitcoin’s current range holds.

## In Short

FBTC.US delivered a modest weekly gain against the backdrop of Bitcoin wrestling near $80,000. Institutional expansion and more bullish options positioning sit in tension with near-term price swings around key support and liquidation levels. Next week’s dense jobs and manufacturing data, plus Bitcoin’s ability to hold its present range, are the main things to watch.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**