Sky (SKY) just below its record: the level that decides

Sky costs $0.09669 on Sunday morning, the equivalent of just under 8.6 cents. That leaves the token 3.8 percent short of its record of $0.100535 from December 2024. This is the week's real story: while bitcoin sits around a third below its peak, Sky is on the verge of beating its own. Over the week the token has gained 25.8 percent, and over the month 39.7 percent.

No single announcement carries the rise. Behind it stands a series of figures from the protocol itself. The supply of its in-house stablecoin USDS has reached the $10 billion mark, the savings rate on it stands at 3.60 percent a year, and a listed asset manager placed $100 million of it in its own corporate treasury in September. At the same time the EU is working on rules that could hit precisely such stablecoins in Europe. This article puts both in context.

Sky price at $0.09669: a weekly gain of 25.8 percent and 3.8 percent short of the record

Over the past 24 hours the price ranged between $0.08724 and $0.09779. The daily high therefore marks the highest level since the record almost two years ago. The gain of 8.46 percent within a day falls in a week in which the overall market barely budged: bitcoin moved by less than one percent over the same period.