Morning Minute: Crypto Stages Major Rally on Rate Hopes — SkimNews
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- Bitcoin reclaimed $80,000 and pushed past $81,100, while the Dow added 453 points and 119,000+ traders were liquidated for over $500M within 24 hours of the rally.
- Bitcoin ETFs recorded $731M in net inflows — their biggest single day since January — as institutional demand returned alongside the price breakout.
- XRP led altcoin gains at 7.8%, with BNB and Solana each adding roughly 5%, Ethereum climbing 4.7% to $2,497, and Zcash jumping 18% to a new all-time high of $1,000.
- PONS ran 56% and is up 3,001% over 30 days, while Lighter added 16.8% to a new ATH, and Ethena (+13.6%), Arbitrum (+12%), and SPX6900 (+13.2%) all posted double-digit gains.
- Federal Reserve Governor Waller issued a conditional answer on data not yet printed, with hike odds sitting at 50.4% — a coin flip ahead of today's August jobs report.
- The August jobs report releases this morning as the last major data point before the September 15-16 Fed meeting, and its results will likely dictate whether the rally extends or reverses the prior week's losses.
Why it matters: Bitcoin's push past $81,100 with $731M in ETF inflows marks the biggest institutional day since January — but 119,000 traders just lost over $500M in liquidations, and today's August jobs report is the final major release before the September 15-16 Fed meeting.
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