Bitcoin’s return above $80,000 has lifted crypto equities and highlighted the crypto industry’s growing dependence on traditional capital markets. Miners and digital asset treasury companies posted double-digit gains as the US Treasury planned to double certain long-dated bond buybacks. Bitcoin advanced more than 23% for the week, while Ether gained nearly 30% to trade above $2,500, CoinMarketCap data showed. Bernstein said Circle’s USDC stablecoin (cryptocurrency designed to track a currency) may enter a new growth cycle, with supply rising by roughly $2 billion in seven days after six months of stagnant or declining growth. The firm maintained an Outperform rating on Circle and a $140 price target, implying roughly 60% upside. Strategy’s main vulnerability, a Regime Intelligence report said, is access to capital markets rather than a Bitcoin price collapse, because its ability to meet $1.76 billion in annual obligations depends on continued financing. Solana also recorded 4.2 billion onchain transactions in July before SOL rallied 40% above $100, while nearly $4 billion of real-world assets were tokenized on the network. President Trump’s renewed support for the CLARITY Act and government Bitcoin purchases added to market optimism, although neither outcome is assured and the legislation remains stalled.