Bessent Just Made His Move. Is Bitcoin Ready? with Kris Bullock & Bijan Maleki | Trading The Market - September 9, 2026

Kris Bullock and Bijan Maleki analyze the implications of the Federal Reserve's recent announcement of six billion dollars in bond buybacks, emphasizing that the long-term effects of these liquidity measures will overshadow any immediate interest rate hikes. Bullock notes that the auction for these buybacks is set for tomorrow at 1:40 p.m. Eastern time, with the potential for not all funds to be utilized based on market conditions.

Bullock predicts that a decrease in the ten-year yield and the dollar would favor cryptocurrencies and gold while negatively impacting stocks. He suggests that Bitcoin could reach the 83,000 level if a positive catalyst emerges, highlighting several promising setups in the crypto market. Maleki adds that Solana has shown relative strength compared to Bitcoin and the broader market, estimating over a 50 percent chance that the Fed's actions will trigger a market rally, despite uncertainty regarding the market's response to potential rate hikes.

Maleki believes that liquidity from the Treasury will support both gold and crypto, regardless of rate changes. He predicts that if Bitcoin closes above 83, it will confirm a new weekly uptrend, but he advises caution as the market remains at resistance levels. He also states that Bitcoin is currently a better investment than Ethereum until ETH surpasses certain resistance points.

The speakers discuss various asset performances, with Bullock noting that Pump has outperformed the market with an 18% increase this week, making it a viable long-term hold. Maleki mentions that ETH has broken out of a longer-term trend, indicating potential upward movement, but warns that this breakout could be temporary. Bullock also comments on Sweet's performance, which remains below the bull market support band, and Near's benefits from Zcash's all-time highs due to an ETF launch.

Bullock argues that while Zcash is performing well, it is unlikely to surpass Bitcoin due to regulatory issues, and he highlights Monero as a significant competitor. Maleki discusses the current state of the cryptocurrency market, noting that Kita has not shown the ability to break away from setting lower lows. He points out that Robinhood has seen a 22% increase since Bessent's announcement, benefiting from recent on-chain developments in crypto.

Maleki suggests that Avax is not currently among the top 90-day cryptocurrencies and recommends rotating investments into better-performing assets. He emphasizes that price movements reflect what investors are buying for specific reasons and predicts that assets that have been down for months are unlikely to experience a sudden resurgence. He believes the market is signaling which assets will perform well, particularly those with strong tokenomics and real revenue generation.

In the DeFi sector, Maleki notes that Uniswap has evolved with its new v4 version, allowing liquidity providers to optimize their yield. He identifies DeFi as a promising investment area due to its product market fit and real-world applications, while cautioning that not every DeFi project will succeed, necessitating individual research. Curvedow has been added to the model portfolio due to its revised structure and increased usage, with Maleki also mentioning that Syrup and Morpho are performing well.

Maleki expresses skepticism regarding Sweet's potential, stating it will not benefit as directly as Ethereum due to its low fees and design. He concludes with a prediction that the bull market support band must reverse to the upside for a price rally to continue, underscoring the importance of market conditions in determining future asset performance.