Waller's Rate Hike Comments Send Bitcoin Soaring Past $80,000

Bitcoin's price exceeded $80,000 on September 3 after the US Federal Reserve eased fears of a new interest rate hike. Fed Board member Christopher Waller stated he would support keeping the current rate at its level in the September meeting, which was seen as an important signal for the crypto market.

The softer expectations for monetary policy boosted investor sentiment and led to increased interest in risk assets like Bitcoin. The lower the fear of policy tightening, the more reasons the market has to return to risky assets.

At the time of publication, one Bitcoin on the XBTUSD instrument was worth $79,679.90, down 1.96%, although it had already risen above the psychologically important $80,000 zone.