Here’s what’s moving Bitcoin today, Sept 6:
*Price now:*
- BTC is hovering around *$79k - $81k* after briefly spiking above *$82,000* — highest since May. Currently down slightly after the US jobs report.
*Why it moved:*
- Fed Governor Christopher Waller said he’s open to holding rates steady on Sept 16 if inflation keeps cooling — that weakened the dollar and lifted risk assets like Bitcoin.
- Big catalyst next week: US CPI inflation data on Sept 11 and Senate procedural vote on the *Clarity Act* on Sept 15, which would regulate crypto as commodities, not securities.
*Market mood:*
- Fear & Greed index is at 77/100 — “greed”. But analysts warn the rally was mostly shorts getting liquidated, not many new longs opening.
- BTC surged 30% in recent weeks after US Treasury doubled buybacks, breaking a downtrend since May. Bulls need to hold above ∼$71,781 to stay in control.$BITCOIN
*Price now:*
- BTC is hovering around *$79k - $81k* after briefly spiking above *$82,000* — highest since May. Currently down slightly after the US jobs report.
*Why it moved:*
- Fed Governor Christopher Waller said he’s open to holding rates steady on Sept 16 if inflation keeps cooling — that weakened the dollar and lifted risk assets like Bitcoin.
- Big catalyst next week: US CPI inflation data on Sept 11 and Senate procedural vote on the *Clarity Act* on Sept 15, which would regulate crypto as commodities, not securities.
*Market mood:*
- Fear & Greed index is at 77/100 — “greed”. But analysts warn the rally was mostly shorts getting liquidated, not many new longs opening.
- BTC surged 30% in recent weeks after US Treasury doubled buybacks, breaking a downtrend since May. Bulls need to hold above ∼$71,781 to stay in control.$BITCOIN
