The Trading Day · Tuesday, August 25, 2026

Bitcoin takes 80,000 overnight — the level Monday's close refused — as SOXX holds 505 and XLK confirms a second close below its 50-day.

Bitcoin traded 80,484 as of the 05:06 UTC snapshot this morning, up 1.9% from Monday's close — above the 80,000 line the US session refused just hours earlier. Monday's cash close came in near 78,982, holding the 77,000 floor of the range this page has carried forward but stopping short of the round number above it. Asia's session overnight was otherwise quiet: the Nikkei added 0.26% to 65,698.92, Taiwan edged 0.03% higher to 44,777.06, while KOSPI eased 0.23% to 6,681.45 and Hang Seng slipped 0.25% to 25,453.19 — none of the sharp moves that have marked recent sessions. US futures sit mildly green, NQ at 29,198.00 against 29,105.75 (+0.32%) and ES at 7,676.50 against 7,669.75 (+0.09%), while gold futures eased 0.32% to 4,682.60 against 4,697.80.

The Morning 10

Bitcoin takes 80,000 overnight — the level Monday's close refused — as SOXX holds 505 and XLK confirms a second close below its 50-day.

  1. 1 Bitcoin Takes 80,000 — The Refused Level, Taken Overnight
  2. 2 SOXX Holds 505, XLK Confirms 50-Day Rejection
  3. 3 Ex-Tech Pairs Win the Full Day Again
  4. 4 Every Hyperscaler Green But the One Reporting Wednesday
  5. 5 Memory and Optics Take the Session's Sharpest Losses
  6. 6 The Bond Veto's Third Test Goes Live — IEF Three Cents From 93.04
  7. 7 Walmart's Print-Record Score Lands This Morning
  8. 8 The Index Family Splits Again — AW40 Alone Green
  9. 9 Ifo and Consumer Confidence Ahead of Wednesday's Referee
  10. 10 Outside View — Dan Niles, Niles Investment Management

The Midday 10

Day one of the trendline test goes to the bounce — all four semi funds green with SOXX back above 505

  • 1 Uranium Energy Corp.
  • 2 IREN Limited
  • 3 Bloom Energy Corporation

Daily Pulse — Decision Time for the Semi Complex

All four US semiconductor ETFs closed Monday back on the rising trendline drawn from their April lows: XSD 481.60 (−3.34%), SOXX 506.18 (−2.67%), SMH 546.80 (−2.43%), SMHX 53.77 (−2.92%). SOXX pierced to 500.84 midday, under the 505 line this page tracks, and recovered into the close. From here the chart offers two outcomes: a bounce off the line, or a close through it with the end-of-July lows as the next marked shelf — XSD 449.41, SOXX 465.00, SMH 504.22, SMHX 50.94, all four printed on the same day. Two clocks decide it: Nvidia Wednesday after the close, and Jackson Hole Thursday through Saturday.

On the tape

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