Bitcoin breaks through $81,000, recording the largest weekly gain of 2023
2026-09-04 01:43:52
According to CoinMeta, as reported by Coin Bureau, the price of Bitcoin broke through $81,000, representing a 40% increase from its June low and continuing the largest weekly gain since 2023. Last week, Warsh's speech at Jackson Hole pushed the probability of a September interest rate hike to 70%, triggering widespread selling in the stock, gold, and crypto markets. Today, Federal Reserve governor Waller stated that he saw "signs of deflation" and might vote to keep interest rates unchanged in September. The market reacted immediately: the probability of a September hike dropped from 70% to around 50%, Treasury yields fell, the dollar weakened, Bitcoin rose 5% to over $81,000, gold futures increased by 2.8% to $4,537, and indexes such as the S&P, Dow Jones, and NASDAQ all rose. Spot Bitcoin ETF attracted $1.92 billion in capital inflows during the week ending August 21, the largest weekly inflow since last October. According to Bitwise data, the correlation between Bitcoin and gold has just reached its highest point in six years, while the correlation with NASDAQ has dropped from 60% to 33%.
Source:X
This content is for market information only and does not constitute investment advice.
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