Fed Comments Send Bitcoin Soaring Above $81K

The cryptocurrency market is up today due to a sudden shift in expectations for Federal Reserve policy. Traders now believe that the Fed may leave interest rates unchanged in September, rather than raising them as previously thought.

Bitcoin was among the biggest beneficiaries of this change, rebounding from below $77,000 and pushing above $81,000 during the latest rally. The move added more than $4,000 to Bitcoin's price and returned it to levels not seen since May.

The wider crypto market also gained around $112 billion as Treasury yields fell and the dollar weakened. Ethereum, Solana, and other major assets moved higher, showing that demand extended well beyond Bitcoin.