Foreign media quoted market commentators saying that after Bitcoin remained above $80,000, expectations for a further short-term upward trend in the market have increased. The article argues that this round of rebound is not just a technical correction; policy expectations, changes in institutional access, and the strength of the US tech sector are all supporting sentiment towards risk assets.
Multiple factors support the strengthening of Bitcoin
Comments mention that the U.S. CLARITY Act meeting is scheduled to take place on September 15th and is seen as an important milestone for the recent crypto market. Meanwhile, the U.S. Department of Labor is preparing to open up channels for crypto asset allocation in the approximately $10 trillion 401(k) market. The U.S. Securities and Exchange Commission (SEC) has also submitted an application for rule changes regarding restrictions on registered investment advisors' access to spot crypto assets.
The article also mentioned that Coinbase has launched a housing loan product that uses Bitcoin as collateral, allowing coin holders to apply for mortgages without selling their Bitcoin. At a macro level, the U.S. Treasury Department continues to conduct treasury bond repurchases, which commentators also see as helping to lower interest rates and ease the trend of the dollar, thereby improving risk appetite.
In addition, the financial reports of Nvidia and Salesforce were strong, which helped to boost sentiment in the software and technology sectors. Based on this, commentators expect that Bitcoin could rise to the range of $83,000 to $84,000 in the short term. However, they also noted that if the market anticipates the outcome of the bill before its voting, there could still be a pullback after the vote is finalized, as a result of "news realization."
Altcoins follow Bitcoin upwards
While Bitcoin is strengthening, a variety of altcoins have also seen increases in value. Hyperliquid has refreshed its historical high, while Solana remains in the range of $105 to $107. On-chain validators are still discussing adjustment plans to reduce the token issuance rate.
Within the same trading day, Zcash rose by 6%, Near Protocol rose by 5%, and Towo rose by 10%. Pump.fun remained around $0.005, with the total locked-up value increasing by about $100 million over the past week.
- Hyperliquid Sets a New Historical High
- Solana remains in the range of $105 to $107
- Pump.fun In one week, TVL An increase of about 100 million US dollars
Commentators named two small-cap tokens
In addition to the mainstream tokens, the article also mentions two other tokens that had seen significant declines earlier but have recently rebounded quickly. One of them is Lighter ( LIT ). Commentators say that their average purchase price was around $3.35, and the latest price is $3.64, representing a weekly increase of 36%.
Another one is Bittensor ( TAO ). This token once fell to around $190 about 10 days ago, then rebounded to $252. The article also mentions that Near Protocol could become one of the next round of concept tokens that will attract attention, namely AI.
Overall, this article is mainly market commentary. The core conclusion is that after Bitcoin has stabilized above $80,000, the risk appetite of investors is on the rise, and some highly volatile tokens have begun to see increased gains.
