Bitcoin Reclaims $81,000 as XRP Rises About 5%
Bitcoin reclaimed the $81,000 level and XRP climbed about 5% as traders cut the odds of a September Federal Reserve rate hike to a coin toss, pushing fresh money back into crypto risk assets.
The move matters because it shows macro expectations, not just token-specific news, are driving the market. When traders see less chance of tighter U.S. policy, they tend to reach for higher-beta assets, and crypto is usually among the first places that shows up.
Bitcoin was last above $81,000 after being capped by that level in late August, while XRP traded near $1.44. Ethereum rose to about $2,499 and Solana to roughly $103, underscoring a broad rebound rather than a single-coin rally.
The rally also follows visible institutional demand. XRP has seven U.S. spot ETFs approved, and their holdings recently topped 1 billion tokens, a sign that regulated products are still absorbing supply even as the token itself remains far below its most optimistic upside targets.
Bitcoin’s gain is more muted in valuation terms. At about $1.6 trillion in market value, the largest token still commands the bulk of the crypto market, while XRP’s roughly $90 billion valuation leaves less room for outsized percentage gains even on a strong breakout.
Technical readings suggest the bounce has room, but not a clean breakout yet. Bitcoin’s 50-day and 200-day moving averages remain well below spot, while XRP is holding above both its 50-day and 200-day moving averages even as momentum indicators cool from recent highs.
The bigger backdrop is still policy and liquidity. A stronger fear-and-greed reading and renewed buying in privacy coins helped confirm the risk-on tone, but investors will be watching whether U.S. rate expectations stay loose enough to keep crypto bids intact into the next Fed decision.
| Entity | Gains | Losses |
|---|---|---|
| Bitcoin holders | ▲Reclaim $81,000 | ▼Short sellers |
| XRP holders | ▲5% price rebound | ▼Late buyers at higher levels |
| Crypto ETFs | ▲More inflows | ▼Cash on the sidelines |
| Fed hawks | ▲Less pricing power | ▼Risk assets |