Bitcoin Surpasses $80,000 as Crypto Rally Triggers Overbought Concerns

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Bitcoin has surged past the $80,000 mark, gaining over 25% in a single week amid broader cryptocurrency market gains. The rally was partly fueled by the U.S. Treasury's announcement of a bond-buyback expansion, which boosted investor sentiment. Solana outperformed other major cryptocurrencies on Tuesday, climbing approximately 8% as its validator community votes on proposals to reduce new SOL issuance and increase daily token burns. Despite the strong upward momentum, analysts are flagging overbought conditions that could signal a potential slowdown in the rally.

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