Overview
Bitcoin rallied sharply on Friday, gaining 4.3% to reach $81,069.6 by 05:28 ET (09:28 GMT), and briefly breached the $82,000 level in the prior session, marking a near four‑month peak. The price surge was the third consecutive week of gains for the cryptocurrency.
Drivers of the Rally
The upside was largely attributed to a sharp decline in U.S. Treasury yields after Federal Reserve Governor Christopher Waller told Reuters he is leaning toward keeping interest rates steady at the upcoming Fed meeting later this month, especially if forthcoming inflation data shows moderation. Waller’s comments cut the CME FedWatch probability of a September rate hike to 50.4%, down from more than 60% earlier in the week, easing market concerns about further tightening.
Regulatory Sentiment
SEC Chair Paul Atkins added to the positive tone by indicating that the Senate is expected to vote on the Clarity Act on September 15 and urging policymakers to pass the legislation and forward it to President Donald Trump for approval by month‑end. Atkins also disclosed that the SEC is preparing its own crypto‑focused legislation that could operate alongside the Clarity Act, which has been delayed due to disputes over stable‑coin yield payments and provisions restricting policymakers from trading in crypto markets.
Market Breadth
Broad crypto assets posted gains. Ethereum climbed over 5% to $2,522.53, up 4.3% for the week. XRP surged 6.6% and was up 7% weekly. Binance Coin (BNB) rose 2.5% and was up 5% for the week. Solana added 3.9%, while Cardano outperformed with an 8% jump. Meme‑coins also rallied, with Dogecoin up 5.8% and the $TRUMP token up 8.1%.
Related Equity Moves
Strategy, the largest corporate holder of Bitcoin, rallied nearly 18% on Thursday, reflecting the spill‑over effect of the cryptocurrency rally into related equities.
Additional Context
The market also found relief from the absence of any new military action between the United States and Iran. The article, authored by Vahid Karaahmetovic and published by Reuters on 04‑09‑2026 at 11:58 am (updated 03:04 pm), aggregates data from Investing.com.