August 25: Bitcoin Breaks $80K, Gets Rejected, and Now the Real Test Begins

August 25: Bitcoin Breaks $80K, Gets Rejected, and Now the Real Test Begins

Bitcoin briefly broke above $80,000, reaching roughly $81,100, before profit-taking pushed it back into the upper $70Ks. Matt explains why $80K remains an important psychological resistance level, with investors who bought higher finally getting opportunities to exit and newer buyers sitting on substantial gains. He argues that a pullback toward $75K or even the low $70Ks would still be normal, while a sustained move back below $70K would make the rally look more like another bear-market bounce.


The episode also covers nearly $2 billion in Bitcoin ETF inflows last week, Coinbase launching tokenized stocks on Base, Franklin Templeton expanding tokenized money-market funds in Asia, and BitMine buying roughly $81 million of Ethereum. Matt also looks at the political pressure surrounding the CLARITY Act and GENIUS Act implementation, while warning that the Fear & Greed Index at 80 shows just how quickly sentiment has shifted from fear to extreme greed.


Happy HODLing.

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Nov 3: Midterm Elections Arrive

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3 Nov 16min

Nov 2: Midterm Elections Put Markets on Edge

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Oct 30: Binance’s $6.3 Billion Hack

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Oct 29: AI Finds Bitcoin Security Flaws

Oct 29: AI Finds Bitcoin Security Flaws

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29 Okt 11min

Oct 28: Crypto Data Breaches and Banking Concerns Grow

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28 Okt 17min

Oct 27: Ripple Wins Federal Banking Approval

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27 Okt 11min

Oct 26: Crypto Wallet Hacks, Liquidations, and Market Fear Dominate the News

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