Bitcoin moved above $80,000 on Thursday as Charles Schwab said it will add Solana, Avalanche and Chainlink to Schwab Crypto accounts in the coming months. The brokerage has offered only bitcoin and ether through the product since May, making the expansion a notable broadening of its retail crypto lineup.
The announcement came during a broadly positive day for digital assets. Solana, Chainlink and Avalanche all outperformed Schwab’s existing crypto offerings, while bitcoin and ether also posted gains and the total crypto market value reached about $2.79 trillion.
Schwab broadens its crypto menu
Charles Schwab said Solana, Avalanche and Chainlink will become available in Schwab Crypto accounts over the coming months. The firm did not provide exact launch dates, client figures or asset totals tied to the product expansion.
In its statement, Schwab said the goal is to give clients access to familiar cryptocurrencies alongside education, tools, resources and support that can help them incorporate crypto into broader investing plans. The move extends a service that had been limited to bitcoin and ether since its May launch.
New additions lead the market higher
The three tokens named by Schwab rose faster than the brokerage’s current crypto selections on Thursday. Solana climbed 12.9% to $109.13, Chainlink gained 5.5%, and Avalanche rose 3.6%.
By comparison, bitcoin traded around $80,020, up 2.1% on the day, while ether added 1.5%. Elsewhere in the market, XRP was up 6% and BNB rose 1.6%.
Bitcoin regains the $80,000 level
Bitcoin’s move above $80,000 was one of the session’s headline developments, helping lift the tone across the broader digital asset market. At the time cited in the report, the value of the overall crypto market stood at roughly $2.79 trillion.
The source article also noted additional market activity beyond Schwab’s announcement, though it did not tie those developments directly to Thursday’s gains. Those included ETF flows, DeFi metrics and token-specific updates elsewhere in the sector.
What else was noted around Solana
Beyond the brokerage listing news, the source article referenced activity around Solana’s price and governance, including on-chain governance proposals and comments from governance participants and associated entities. It did not present those items as a confirmed cause of the token’s price move.
The report also said Solana exchange-traded funds have recorded about $1.23 billion in net inflows to date. Separately, it mentioned that Ethena is exploring a mechanism that would direct 95% of net revenue to ENA buybacks.
Next confirmed step
For now, the main confirmed development is Schwab’s plan to make Solana, Avalanche and Chainlink available within Schwab Crypto accounts in the coming months. Until the company provides a timetable, the market has only the announcement itself and Thursday’s trading response to work from.
Any further assessment of adoption or the impact on Schwab’s crypto business will depend on later disclosures, including when the assets go live and whether the firm releases more detail on usage or assets held in the accounts.
Source: thedefiant.io