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Hong Kong police say a 66-year-old retiree was duped three times in six months by self-styled “crypto investment experts,” as scammers promised easy gains and help to recover losses.
Well, that played out exactly how the history books said it would. Powell held rates at 3.5–3.75%, dropped a hawkish bomb about 2.7% inflation projections, and Bitcoin ate a 5% haircut within hours. BTC went from flirting with $76K on Monday to sitting at $70,400 by Thursday morning.
The fear index? Down to 23. Extreme fear. And $708 million walked out of spot ETFs in a single day — the biggest outflow since January.
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Why I’m Looking at Solana, Not Bitcoin
Here’s my thinking. BTC just got rejected at $75K for the third time this quarter. The post-FOMC sell pattern has now hit eight out of nine meetings. That tells me Bitcoin is stuck in a $65K–$75K range until we get a genuine macro shift, and Powell made it clear that shift isn’t coming anytime soon. Maybe December. Maybe never in 2026.
Solana though? Completely different setup. SOL is trading at $89 after getting slapped down from $97 earlier this week. But look at what’s happening underneath the price. The SEC just classified it as a digital commodity — not a security. Three spot ETF applications are live. Fidelity, VanEck, Invesco. Total SOL ETF assets already passed $1 billion. And Forward Industries is sitting on 6.9 million SOL in their corporate treasury. That kind of structural demand doesn’t care about one hawkish press conference.
The Solana Trading Setup
SOL dip buy zone: $85–$88. The 200-day moving average sits around $86 and that’s been a magnet all month. If it dips there on weekend low volume, that’s the entry I’m watching. Stop below $80. First target $100, second target $107.
BTC caution zone: I’m not shorting it but I’m not buying until I see a daily close back above $73K with volume. Until then, $70K is support and $67K is where it goes if that breaks. No rush.
After consolidating in a range ($76 – $90), price broke above $90 resistance and got close to our PT of $100. Now it’s pulled back, testing that $90 breakout level. If it stays above, that would confirm a bullish trend reversal. If not, it could revisit $76 support again.
Everyone’s panicking about the Fed. Good. That’s when the best entries show up. The macro picture is noisy but the regulatory picture for SOL just changed permanently. Sometimes the trade isn’t about what the Fed says. It’s about what the SEC already said.
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Bitcoin’s mining difficulty just logged its second sizeable cut of 2026, easing conditions for remaining miners as competition from artificial intelligence data centers rises.
Early Ethereum whale thomasg.eth is rebuilding his position with $19.5 million in ETH purchases this week, as BitMine’s Tom Lee calls for the end of “crypto winter.”
Bitcoin price remains rocky, and BTC and equities ETF outflows soar as the US and Israel-Iran war enters a fourth week.
Gold is also being impacted by rising anticipation that the US Federal Reserve won’t cut interest rates this year, while Fed chair Jerome Powell said inflation would rise.
Unlike Bitwise, Grayscale doesn’t plan to incorporate staking for its Hyperliquid ETF but hasn’t ruled out integrating it in the future.