Bitcoin Tops $80,000 as Schwab Adds Solana to Retail Platform
Bitcoin crossed $80,000 this week, up 25% on the week after Treasury bond-buyback expansion. Charles Schwab announced it will add Solana, Avalanche, and Chainlink to its retail crypto offering, sending SOL up between 8% and 12.9% depending on the trading window.
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Bitcoin Breaks $80,000 on Macro Tailwinds
Bitcoin topped $80,000 this week, marking a 25% gain on the week after the U.S. Treasury announced an expansion of bond buybacks, which sparked a broader risk-asset rally. The move represents the highest price level for the asset in recent weeks, though technical analysts noted the rally has begun triggering overbought conditions on daily timeframes.
Schwab Entry Drives Solana Outperformance
Charles Schwab announced Thursday it will add Solana, Avalanche, and Chainlink to its retail crypto platform. The news sent Solana higher; sources report SOL gained between 8% and 12.9% depending on timing, with the token leading the ten largest cryptocurrencies by market cap. The listing marks one of the first major retail brokerage integrations for Solana beyond bitcoin and ethereum.
Concurrent Protocol Updates and Governance Moves
Solana validators voted this week on proposals to slow new SOL creation and raise daily token burns, addressing supply dynamics ahead of the Schwab listing. Separately, Ethena's research team proposed routing 95% of net protocol revenue into ENA buybacks, a move that preceded a 21.9% daily gain in the ENA token.
Why It Matters
For Traders
Overbought conditions on daily charts after a 25% weekly rally suggest near-term consolidation risk despite positive macro catalysts and retail platform expansion.
For Investors
Schwab's integration of three Layer 1 tokens signals retail adoption acceleration and reduces execution friction for institutional capital entering the space.
For Builders
Solana's supply compression proposals and Ethena's revenue alignment mechanism demonstrate protocol teams actively competing for investor and trader attention during a retail inflection.
This article is for information only and is not financial advice. Read the full disclaimer.
