Bitcoin Surges Past $80K as Apeing Prepares for Crypto Presale

Bitcoin has reclaimed the $80,000 level after its recent advance, which was fueled by shifting expectations surrounding Federal Reserve policy. According to reports, Federal Reserve Governor Christopher Waller indicated that he could support keeping interest rates unchanged at the September policy meeting if inflation data continues to moderate.

The move has pushed market-implied expectations for a September rate hike down to approximately 50% from nearly 70% earlier in the week. Bitcoin is also trading above its 50-day, 100-day, and 200-day exponential moving averages, positioned around $71,122, $69,695, and $72,493 respectively.

Apeing, a crypto project, is approaching its scheduled September 8 presale at 15:00 UTC. More than 18,000 members have reportedly registered for the whitelist ahead of the planned launch. The Stage 1 price for APEING has been set at $0.0001 per token.