Bitcoin and gold rallied this week as the size of America’s sovereign debt continued to haunt global financial markets. Meanwhile, Alibaba Group Holding’s top executives and founder Jack Ma bought back shares, and Shein announced plans for a smaller Hong Kong initial public offering than previously expected.
Bitcoin rally and Alibaba share purchases: the numbers moving markets
Bitcoin and gold rallied this week as the size of America’s sovereign debt continued to haunt global financial markets. Meanwhile, Alibaba Group Holding’s top executives and founder Jack Ma bought back shares, and Shein announced plans…
South China Morning Post
Publisher
Aug 28, 2026 at 7:00 AM UTC · 1 min de leitura
Key Signal
HK$800M Alibaba insider share purchases
Entities
bitcoin
Market Impact
BTC-2.40%$77,671
Last Updated
há um dia
Here are some of the figures that have drawn the most market attention this week.
Founder, executives buy over HK$800m of Alibaba shares
Alibaba founder Ma, chairman Joe Tsai and CEO Eddie Wu Yongming collectively bought more than HK$800 million (US$102 million) worth of the company’s Hong Kong-listed shares within days.
Bitcoin climbs above US$80,000
Follow the Story
- Aug 28Bitcoin rally and Alibaba share purchases: the numbers moving markets
- Aug 29Bitcoin price slips below $78,000 as ‘digital gold’ narrative faces fresh test
- Aug 29Bitcoin faces volatility as Fed hawkish signals hit, whale buying rises but exchange reserves grow.
- Aug 29Analysis: Bitcoin Short-Term Overheating Signal Suggests Pullback May Be Near
- Aug 28Bitcoin rally and Alibaba share purchases: the numbers moving markets
- Aug 29Bitcoin price slips below $78,000 as ‘digital gold’ narrative faces fresh test
- Aug 29Bitcoin faces volatility as Fed hawkish signals hit, whale buying rises but exchange reserves grow.
- Aug 29Analysis: Bitcoin Short-Term Overheating Signal Suggests Pullback May Be Near
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Originally reported by South China Morning Post
NewsLayer coverage based on externally reported material.
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Market Context
Bitcoin
BTC
$77,674
-2.39% (24H)
Market Cap
$1.56T
Circulating Supply
20.1M BTC
24H Volume
$29.4B
24H High
$79,820
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