Bitcoin Surges 5% Amid Waller's Dovish Signal

Bitcoin prices surged over 5% on September 4, briefly breaking above $82,000, and have since pulled back to $80,709. The surge was triggered by a dovish signal from Federal Reserve Governor Christopher Waller, who stated that if inflation continues to cool, he would support keeping interest rates unchanged at the September meeting.

This marked a shift in Waller's stance, as he is a core figure in the Fed's hawkish camp. The market took this as confirmation of a slowing labor market and stabilizing inflation, prompting rate-cut expectations to heat up.

As a result, both the U.S. Dollar Index and Treasury yields are under pressure, while capital is rapidly flowing into high-elasticity assets and inflation-hedging tools like gold.