Bitcoin rallies above $81,000 as Fed rate pause hopes and weaker dollar boost crypto markets

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Bitcoin rallies above $81,000 as Fed rate pause hopes and weaker dollar boost crypto markets

⚡ Markets: Demonstrates crypto assets' continued sensitivity to macroeconomic factors, particularly Fed policy and US dollar strength. A sustained rally depends on confirmation of a less hawkish monetary policy environment.BTCETHDXY

The price of Bitcoin surged past $81,000, leading a broader crypto market rally. The move was attributed to a weakening US dollar and falling bond yields following dovish comments from a Federal Reserve official, which increased investor appetite for risk assets.

West MSM: noneFinancial press 8Non-West State 12 countries

9 sources across the spectrum

Financial pressCoinDesk — Bitcoin back above $81,000 as hike odds fade, Zcash leads with 15% jump

Financial pressCointelegraph — Bitcoin reclaims $80K as DXY falls amid continuing suspected yen intervention

Financial pressDecrypt — Bitcoin Pumps as Fed Signals Rate Pause, $415 Million in Shorts Get Rekt

Financial pressCoinDesk — Live updates: Bitcoin jumps above $81,000 as rates fall, dollar weakens

Non-West StateTASS — Global crypto exchanges liquidate positions of 99,000 traders worth over $557 mln

Financial pressThe Block — Crypto market cap surges to $2.82 trillion as Zcash leads rally alongside stocks

Financial pressCoinDesk — The yen is surging and it’s helping bitcoin, for now

Financial pressCoinDesk — Bitcoin recovers toward $78,000 as pons and arbitrum extend Robinhood Chain rally

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