# Bitcoin Climbs Above $81,000 as Fed Rate Hike Odds Ease

**Published:** 2026-09-06T07:28:41.295Z  
**Topic:** Bitcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/782d81d5-4d06-434f-bbaa-c8faa50b4b81

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] |

## Price Action and Market Drivers
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].

## ETF Flows and Technical Levels
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] |

## What to watch
*   **Federal Reserve Decisions:** Monitor next week's US CPI report and the Federal Reserve's September 16 meeting for further indications on interest rate policy [2].
*   **ETF Flow Data:** Track daily US spot Bitcoin ETF inflows and outflows, as sustained demand is considered crucial for the rally's endurance [1, 2].
*   **Price Levels:** Observe if Bitcoin can sustain a break above the $81,300 to $83,000 resistance area, which could open the path to $86,000 [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].

## Sources
1. Exchange Rates UK — [Bitcoin Price Forecast, Prediction: BTC Surges 5% As $100,000 Target Returns](https://www.exchangerates.org.uk/news/47091/2026-09-03-bitcoin-price-forecast-prediction-btc-surges-5-as-100-000-target-returns.html)
2. Analytics Insight — [Crypto Prices Today: Bitcoin Climbs Above USD 81,000, Fed Rate Hike Odds Ease](https://www.analyticsinsight.net/price-analysis/crypto-prices-today-bitcoin-climbs-above-usd-81000-fed-rate-hike-odds-ease)
3. Analytics Insight — [Crypto Prices Today: Bitcoin Holds Near USD 77,106 as US-Iran Tensions, Jobs Report Cloud Sentiment](https://www.analyticsinsight.net/price-analysis/crypto-prices-today-bitcoin-holds-near-usd-77106-as-us-iran-tensions-jobs-report-cloud-sentiment)

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Cite as: TrendWatcher, "Bitcoin Climbs Above $81,000 as Fed Rate Hike Odds Ease", https://www.trendwatcher.in/article/782d81d5-4d06-434f-bbaa-c8faa50b4b81