#Bitcoin & Powell at Jackson Hole (2018–2024) Jackson Hole speeches from the Fed Chair remain pivotal for macro and crypto markets. Here's how Bitcoin closed on those speech days—from 2018 through 2024—paired with Powell’s notable lines. 🔸2018 – “Monetary Policy in a Changing Economy” (Aug 24, 2018) #BTC Close (approx. end-August 2018): ~$6,700–7,000 Powell’s Line: “Uncertainty … is the defining characteristic of the monetary policy landscape.”
Dovish signals were lacking. BTC slid afterward. 🔸2019 – “Challenges for Monetary Policy” (Aug 23–24, 2019) #BTC Close (Aug 23): $10,407.97 #BTC Close (Aug 24): $10,159.96 Powell’s Line: Framed around “Challenges for Monetary Policy.”
Market volatility rose; BTC stayed jittery. 🔸2020 – Flexible Average Inflation Targeting (Aug 27, 2020) #BTC (Aug 27): Spiked to ~$11,550, dipped to ~$11,170, ended around ~$11,400 Powell’s Line: “We will tolerate inflation moderately above 2% for some time.”
A historic dovish turn; BTC later surged past $20K. 🔸2022 – Inflation Fight Intensifies (Aug ~26, 2022) BTC Close (Aug 26): $20,277.35 (down ~6.1%) Powell’s Line: “We will keep at it until the job is done.”
Hawkish tone; BTC slumped sharply. 🔸2023 – Commitment to Inflation Target (Aug 25, 2023) BTC Close (Aug 25): $26,038.65 The Economic Times+5Investing.com+5CoinDesk+5StatMuse Powell’s Line: “It is the Fed's job to bring inflation down to our 2 percent goal, and we will do so.” Federal Reserve
Continued focus on inflation; BTC held steady in mid-$26K territory. 🔸2024 – Dovish Pivot & Rate Cut Signal (Aug 23, 2024) #BTC Close (Aug 23): $64,022.14 (up ~6%) StatMuse+1 Powell’s Line: “The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data.” Investing.com
A dovish pivot that fueled renewed BTC optimism.