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Bitcoin surged 5.54% to $81,282, breaking above $80,000 as September Fed rate hike odds fell to 50%. Total crypto market cap hit $2.72 trillion.
Bitcoin surged nearly 5% to trade above $81,000 on Friday, reaching an intraday high of $81,316, as Federal Reserve Governor Christopher Waller signaled support for holding interest rates steady in September [1]. This move pushed the total crypto market capitalization to $2.72 trillion, a gain of nearly 5% on the day, and coincided with a sharp drop in the probability of a September rate hike, which fell to roughly 50% from 70% a day earlier [2].
| At a glance | |
|---|---|
| Price | $81,282.87 [2] |
| 24h Change | +5.54% [2] |
| Key Level | Above $80,000 support [2] |
| Catalyst | Easing Fed rate hike odds [2] |
Bitcoin's price climbed from around $77,000 to an intraday high of $81,316 on Thursday, trading near $80,968 at the time of writing, up 4.8% on the day and close to a four-month high [1]. The rally extended a liquidity-driven advance, which eToro analyst Simon Peters attributed to the US Treasury's decision to increase purchases of longer-dated bonds and use its General Account to support the bond market, historically benefiting Bitcoin [1]. Bitcoin gained 25% in August and has recovered sharply from June's low near $57,900, now approaching its six-month high of $82,752 [1].
The broader crypto market followed Bitcoin's ascent, with every major token moving higher and the total crypto market capitalization climbing to $2.72 trillion [2]. On-chain data indicated heavy short covering, as approximately $691 million in crypto derivatives positions were liquidated over 24 hours, a 166% jump from the prior session, adding to buying pressure [2]. The Crypto Fear and Greed Index reached 78, indicating "greed," up from "extreme fear" weeks prior [2].
US spot Bitcoin ETFs recorded $101.1 million in inflows on September 2, following a $236.5 million withdrawal the previous day [1]. Week-to-date through Tuesday, these ETFs saw roughly $135 million in net outflows, with a single-day rebound only partly offsetting earlier withdrawals [2]. Ethereum ETFs experienced about $37 million in outflows over the same period [2].
Analysts note Bitcoin's broader trend remains constructive above its key moving averages, though daily and hourly Relative Strength Index (RSI) readings above 73 and 80, respectively, suggest stretched momentum [2].
| Key Levels | |
|---|---|
| Immediate Resistance | $81,300 - $83,000 [1] |
| Next Resistance | $86,000, then $90,000 [1] |
| Key Support | $80,000 [2] |
| Next Support | $77,300, then $75,600 [1] |
The current rally reflects a shift in rate expectations rather than a crypto-specific catalyst, with elevated leverage in derivatives markets suggesting potential for continued volatility [2].
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Sep 6, 2026 · How we report
The CLARITY Act is scheduled for a Senate cloture vote at 2:15 p.m. ET on 15 September 2026. The legislation, which includes provisions for non-decentralized DeFi protocols, requires 60 votes to advance past the debate stage.
Bitcoin open interest dropped by 13.5% as of 15 September 2026 because traders proactively cut leverage to manage risks associated with the upcoming CLARITY Act vote and Federal Reserve rate decision. This reduction in derivatives exposure occurred before the events took place rather than as a result of forced liquidations.
Market analysts are divided on the immediate price direction for Bitcoin, with some technical indicators flagging a negative outlook if the price breaks below $76,500. While the long-term weekly trend remains constructive, the market is currently structured to absorb the outcome of the Federal Reserve decision rather than predict a specific price movement.
Bitcoin is up 22.2% over the 30-day period leading up to 15 September 2026. This performance follows a rally that saw the price move from approximately $63,000 to $81,700 during August.