Bitcoin Reaches $81K Amid Easing Fed Rate Hike Fears

Bitcoin continued its upward trend, reaching an intraday high of $82,108 before settling near $81,050, representing a gain of 4.5% in an ongoing rally.

This surge comes amidst easing fears of another Federal Reserve rate hike, with Fed Governor Christopher Waller suggesting rates may stay unchanged if inflation data improves.

Despite this strong performance, Fidelity Digital Assets cautions that the rally alone does not confirm the end of the bear market, and analysts note Bitcoin's four-year cycle could suggest a market bottom near November 2026, but timing remains uncertain.