Bitcoin Taps $80K Again as Fed Warns of Interest Rate Hike

Bitcoin's price has returned to $80,000 after rising by about 24% in seven days. Although it met resistance between $81,000 and $82,000, traders are optimistic about its future. Federal Reserve Chair Kevin Warsh warned that interest rates could rise unless inflation moved quickly towards the Fed's 2% target.

The Solana staking ETF by Bitwise became the first SOL fund to exceed $1 billion in assets, attracting a significant amount of attention from investors. Ethereum also saw a gain of about 29% over one week as US spot ETF demand supported its rally. Charles Schwab plans to add SOL, AVAX, and LINK trading to their platform.