Bitcoin Just Crossed $80K. Is the Bottom Finally In?

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What’s on the menu today:

• Bitcoin Just Crossed $80K. Is the Bottom Finally In?

• Coinbase Is Bringing the Stock Market Into DeFi

• Gemini plans to distribute crypto prediction markets through Apex brokerages

A crypto investor opens his wallet after six months.

His friend asks:

“Anything exciting?”

He nods.

“Yeah.”

“I found out my seed phrase is actually a seed phrase.”

Friend:

“What does that mean?”

Investor:

“Nothing grew.” 😂

I feel like every Bitcoin cycle has one of these moments…

BTC suddenly wakes up, starts ripping higher, and everyone starts wondering if the bottom is finally in.

Well…

Bitcoin just passed $80,000 for the first time since May.

The move came after Monday’s Wall Street open, with BTC climbing another 3% before pulling back slightly later in the day.

That puts Bitcoin up roughly 25% this month, making this its strongest August since 2017.

And the move is already hurting short sellers.

More than $220 million in crypto shorts were liquidated over the past 24 hours, according to CoinGlass.

There’s also a large pocket of bid liquidity around $76,700, which could provide some support if Bitcoin gives back part of the rally.

But here’s where things get interesting.

Bitcoin has now moved back above its 50-week exponential moving average, currently around $77,250.

That’s an important level because BTC hasn’t closed above it on a weekly basis since November 2025.

During the 2022 bear market, Bitcoin managed to close above this same trend line twice before eventually falling to new cycle lows.

So the big question now is pretty simple:

Can Bitcoin actually stay above it?

If this is just another relief rally, the market could start rolling over again in the coming weeks.

But if BTC can hold these higher levels and keep pushing, the whole bear-market thesis starts looking a lot weaker.

Bitcoin has made the first move.

Now it needs to prove it can stay there.

Good lord.

Stocks are slowly making their way onto the blockchain…

And Coinbase just took another pretty big step in that direction.

On Monday, Coinbase launched tokenized US stocks on Base, bringing names like Nvidia, Apple, Meta and Alphabet into the world of DeFi.

And this is where things get interesting.

These aren’t just digital versions of stocks sitting in a wallet.

They can actually be plugged into existing DeFi infrastructure.

For example, tokenized Nvidia shares could be used as collateral to borrow money on Aave.

Tokenized Apple shares could be supplied to a decentralized exchange.

And because the tokens can be held in self-custody wallets, they can move around and trade 24/7.

Basically…

Wall Street stocks are starting to get crypto-native superpowers.

There’s another important piece here too.

Coinbase has integrated Chainlink Data Feeds to provide continuous pricing for these tokenized stocks.

That gives DeFi protocols the data they need to know what those assets are worth before allowing them to be used in lending, trading or other financial products.

The tokens are issued as B20 tokens directly on Base, with each one representing a claim on an underlying share held with regulated broker and custodian Alpaca.

And Coinbase isn’t stopping here.

More tokenized stocks are expected to launch on Base over the coming weeks.

Meanwhile, the broader tokenized equity market is already getting pretty big.

The total value of tokenized stocks has reached around $2.48 billion, while monthly transfer volume has climbed to roughly $27.3 billion.

More than 2.1 million people now hold tokenized stocks.

So yeah…

This whole “put everything onchain” thing is starting to look a lot more real.

The interesting question now is:

How long before tokenized stocks become a normal part of DeFi?

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.