Wu Blockchain reports that Bitfinex stated BTC briefly surged past $81,000 last week but retreated after Federal Reserve Chairman Kevin Warsh delivered a hawkish speech at Jackson Hole. Currently, it remains around $77,100. The report indicates that the August rally was primarily driven by spot buying, with moderate growth in open interest and relatively controlled basis. U.S. spot BTC ETFs saw net inflows of nearly $1 billion last week, while ETH investment products recorded net inflows of $815.7 million during the same period. On the macro front, U.S. PCE inflation stands at 3.7%, core PCE at 3.3%, and Q2 private domestic demand grew at an annualized rate of 4.2%. The implied probability of a rate hike in September has risen to 57%. Bitfinex believes that ETF and stablecoin inflows continue to support the crypto market, but expectations of higher interest rates may limit further upside. Moving forward, the focus will be on August employment and inflation data. https://(wublock123.com)/news/bitfinex-fed-hawkishness-pressures-btc-spot-buying-etf-inflows-support-77100-67533