Bitcoin Surges Past $81,000 as Crypto Market Hits $2.7 Trillion
Crypto market capitalization has surged past $2.7 trillion after Bitcoin's significant rally. On September 3, 2026, Bitcoin rose almost 5% to reclaim the $81,000 mark.
The increase in Bitcoin's price was preceded by comments from Federal Reserve Governor Christopher Waller, who signaled his support for holding interest rates steady at the Fed's upcoming meeting. This was contingent on inflation continuing to cool down.
Waller's remarks eased investor concerns about another rate hike, leading to a decline in US Treasury yields and a weakening of the dollar against other currencies. Lower yields tend to push investors toward riskier assets like cryptocurrencies, making them more attractive compared to safer interest-paying investments.
The weaker dollar also makes Bitcoin cheaper for buyers using other currencies, potentially boosting demand from overseas markets. The reaction was not limited to crypto, as US stocks and shares linked to digital assets also rose on the day.