Bitcoin ($BTC) price action is offering mixed signals after hitting $80,000 as traders diverge on market trajectory. Key points: Bitcoin weekly relative strength index (RSI) reaches 58.3, repeating a bullish divergence that accompanied the end of the 2022 bear market. Daily RSI values reach their most “overbought” since November 2024 near 83. Stochastic RSI prints
U.S. spot solana ($SOL) exchange-traded funds (ETFs) extended their inflow streak to a fifth day on Monday, adding $33.5 million in the largest single-day total this year. The additions pushed the total cumulative net inflows to a record $1.22 billion and total trading volume to $166.8 million, the highest since October 2025, according to SoSoValue
Hong Kong regulated crypto exchange Hashkey has teamed up with financial giant Franklin Templeton to distribute its flagship tokenized money market fund, Franklin OnChain U.S. Government Liquidity Fund (grBENJI), to digital asset investors in Asia. The move reflects growing institutional demand for yield-generating instruments backed by real-world assets on regulated digital platforms. Tokenized U.S. Treasury
Billionaire investor Stanley Druckenmiller, a former mentor to U.S. Treasury Secretary Scott Bessent, has a lesson for his onetime protege: governments cannot indefinitely fight market fundamentals. That lesson comes in response to the Treasury’s recent decision, under Bessent’s leadership, to increase bond buybacks to $4 billion in an effort to tame longer duration yields or
Fundstrat co-founder and analyst Tom Lee said that expectations that the U.S. Treasury Department may deploy approximately $1 trillion to expand its long-term bond repurchase program could be positive for financial markets. According to Lee, a large-scale buyback of long-term government bonds by the U.S. Treasury Department could put downward pressure on long-term interest rates.
Bitcoin’s $BTC$80,733.47 recent staggering price rise has some traders paying millions for upside exposure. On Monday, one or more traders bought 2,000 bitcoin call-option contracts with an $82,000 strike price expiring on Sept. 4, according to data tracking platform Laevitas. The trade effectively bets that bitcoin’s spot price, currently near $80,000, will rise above $82,000