Bitcoin Price Today Rallies Past $81,000 After Fed Governor Waller’s Dovish Comments
- September 4, 2026
- Posted by: Neeraj Pandey
- Category: Market
Bitcoin price today rallied from ~$77,200 to above $81,000. September rate-hike odds fell 12 points to 54.6%. BTC needs to break $83,000 resistance; support at $78,000.
Quick Answer
Bitcoin price today has rallied from around $77,200 to above $81,000 after Fed Governor Christopher Waller signalled support for holding interest rates steady at the upcoming FOMC meeting, provided inflation continues to ease. The shift pushed September rate hike expectations down 12 percentage points to 54.6 percent and weakened the dollar, improving the appetite for risk assets including Bitcoin price today. According to Prateek Gupta, Head of Business at Mudrex, Bitcoin is also showing a stronger link with gold, with its correlation at the highest level since 2020, though unusually extreme fund flows for six consecutive days could be a warning sign for prices.
Bitcoin price today has rallied sharply, climbing from around $77,200 to above $81,000, after Fed Governor Christopher Waller signalled support for holding interest rates steady at the upcoming FOMC meeting if inflation continues to ease.
According to Prateek Gupta, Head of Business at Mudrex, the shift in rate expectations pushed September rate hike odds down 12 percentage points to 54.6 percent, weakening the dollar and improving the appetite for risk assets that has helped lift Bitcoin price today.
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Why Did Bitcoin Price Today Rally So Sharply?
The rally was driven primarily by Fed Governor Christopher Waller’s comments signalling comfort with holding rates steady at the next FOMC meeting, a shift that reduced expectations of near-term monetary tightening. Lower rate hike odds typically weaken the dollar and improve risk appetite, a dynamic that has directly supported prices.
What Is Bitcoin’s Growing Correlation With Gold?
Prateek Gupta noted that Bitcoin is showing a stronger link with gold, with the correlation between the two assets now at its highest level since 2020, suggesting some of the same macro factors, including rate expectations and dollar weakness, are driving both assets higher together.
This growing correlation with gold is a notable shift in how the asset is trading relative to more traditional risk assets like equities, and could reflect a broader repositioning by investors treating it more like a macro hedge in the current environment.
What Could Be a Warning Sign for Bitcoin Price Today?
Despite the rally, Prateek Gupta flagged that unusually extreme fund flows for six consecutive days could be a warning sign for Bitcoin price today, since such concentrated flows can sometimes precede sharp reversals once sentiment shifts quickly in either direction. Investors should watch this closely alongside the underlying price action itself before drawing firm conclusions about the durability of the current rally.
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What Are the Key Levels to Watch for Bitcoin Price Today?
According to Mudrex, Bitcoin needs to break the $83,000 resistance level to confirm further upside momentum, while support has moved up to $78,000 following the recent rally. These levels will likely be closely watched by traders assessing whether Bitcoin price today can sustain its move above $81,000.
Conclusion
Bitcoin price today has rallied from around $77,200 to above $81,000 after Fed Governor Christopher Waller’s dovish comments eased September rate hike expectations and weakened the dollar. With resistance at $83,000 and support at $78,000, and unusually extreme fund flows flagged as a potential warning sign, the path ahead remains uncertain. Investors should track these key levels and consult a financial advisor before making cryptocurrency investment decisions.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the Bitcoin price today?
Ans. Bitcoin price today has rallied from around $77,200 to above $81,000, according to Mudrex.
Why did Bitcoin price today rally?
Ans. Bitcoin price today rallied after Fed Governor Christopher Waller signalled support for holding interest rates steady at the upcoming FOMC meeting, weakening the dollar and lifting risk appetite.
What is Bitcoin’s resistance level right now?
Ans. Bitcoin needs to break the $83,000 resistance level to confirm further upside momentum, according to Mudrex’s latest update on Bitcoin price today.
What is Bitcoin’s support level right now?
Ans. Support for Bitcoin price today has moved up to $78,000 following the recent rally, according to Mudrex.
Why is Bitcoin’s correlation with gold rising?
Ans. Bitcoin is showing a stronger link with gold, with the correlation at its highest level since 2020, suggesting shared macro drivers like rate expectations are influencing both assets.
What could be a warning sign for Bitcoin price today?
Ans. Unusually extreme fund flows for six consecutive days have been flagged by Mudrex as a potential warning sign for Bitcoin price today, since such concentrated flows can sometimes precede sharp reversals.
