Bitcoin Eyes $80K While Solana Targets $100 as Extreme Greed Returns to Crypto Markets

Crypto markets kicked off the week with strong bullish momentum after Bitcoin posted a near-25% gain over seven days, reaching nearly $80,000 in its best weekly performance since 2023. Additionally, Solana (SOL) rebounded over 27% to briefly clear the psychological $100 hurdle, touching $102.50, according to industry sources and market reports.

This upward move was supported by US regulatory developments, Treasury debt buybacks, and the liquidation of over $5.2 billion in short positions. Meanwhile, spot Bitcoin ETFs recorded $28 million in inflows, pushing the market sentiment index into “extreme greed.”

The key next step for investors will be monitoring the Jackson Hole symposium and upcoming Federal Reserve monetary policy speeches, which will be crucial in confirming whether institutional flows can sustain this trend.

Source: https://coinmarketcap.com/charts/fear-and-greed-index/

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