Bitcoin is holding firm above $80,000, prompting renewed bullish calls from crypto commentators who argue the recent bounce is more than a short-term relief rally. According to an expert, the setup points to further upside rather than a retest of the $58,000 lows some traders had feared.
Why Bitcoin Is Holding Above $80,000
- The CLARITY Act vote is scheduled for September 15
- The Department of Labor is preparing to open the $10 trillion 401k market to crypto exposure
- An estimated $176.8 trillion currently sits with Registered Investment Advisors who cannot yet access spot crypto, with the SEC having filed to change that
- Coinbase has introduced Bitcoin-backed mortgages, letting buyers access home financing without selling their holdings
- The Treasury’s ongoing bond buybacks are seen as capping yields and softening the dollar, a backdrop the host linked to renewed risk appetite
- Strong earnings from Nvidia and Salesforce added to broader risk-on sentiment in software and tech markets
The expert set a short-term Bitcoin target of $83,000 to $84,000 in the coming days, framing the run-up to the CLARITY Act vote as a period where he expects continued upward pressure, while acknowledging the vote itself could still trigger a sell-the-news reaction.
Altcoins Gaining Momentum Alongside Bitcoin
Several altcoins posted moves during the same session:
- Hyperliquid hit a new all-time high, with the host maintaining a long-term view that the token trades above $100 eventually
- Solana traded in the $105 to $107 range, with the network’s validators weighing tokenomics changes aimed at reducing emissions
- Zcash rose 6%, while Near Protocol gained 5% and Towo climbed 10%
- Pump.fun held near $0.005, after adding roughly $100 million in total value locked over the past week
Two Under-the-Radar Names the Host Is Watching
Beyond the majors, the analyst pointed to two smaller tokens showing strength after steep earlier drawdowns:
- Lighter (LIT), which he said he opened a long position on at $3.35, was trading at $3.64, up 36% over the week
- Bittensor (TAO) climbed from around $190 to $252 after falling as low as $190 roughly ten days earlier
- He also said that Near Protocol could be the next AI token to run.
Was this writing helpful?
Story Ends Here
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Read the Next News