Bitcoin stands above $80,000, up 4.68% in 24 hours; Solana leads major coins; gold tokens hold steady at highs; regulatory and political developments in focus.
Over the past 24 hours, the crypto market continued its strong rebound, with Bitcoin breaking the key psychological level of $80,000, up 4.68% in 24 hours, hitting a new high since May. This rally is mainly driven by the news of the U.S. Treasury expanding bond buybacks, seen as a form of covert easing, boosting demand for risk assets. Meanwhile, gold tokens hold steady at highs, showing that safe-haven and risk appetite coexist. Market sentiment is optimistic, but analysts warn of short-term overbought conditions and possible pullback.
Bitcoin breaks $80,000, up 4.68% in 24 hours, with weekly gains exceeding 25%, leading major coins to rise broadly. Solana stands out, up 8.99%, as validators vote to support lower issuance and higher burn, improving supply-demand. BNB Chain's hard fork upgrade enhances security, and Coinbase launches tokenized stocks, showing continued institutional involvement. However, Bitget CEO is skeptical of the rally, suggesting it could fall back to $50,000, increasing market divergence.
Gold tokens XAUT and PAXG are reported at $4,625.35 and $4,635.78 respectively, slightly up in 24 hours, continuing high-level fluctuations. As a safe-haven asset, gold benefits from geopolitical conflicts and fiscal deficit concerns. But technically, a double top may be forming; if it breaks key resistance at $4,655 or $4,800, it will open upside space; otherwise, it faces pullback risk. Investors should watch Fed policy signals.
This briefing is generated automatically from public sources for reference only and is not investment advice. Markets carry risk; make your own decisions.
