Bitcoin surged past $81,000 on September 4, driven by a weakening US dollar and climbing technology stocks that reduced pressure on risk-heavy assets. According to data from CoinMarketCap and TradingView, one Bitcoin traded at approximately 81.222 US-Dollar at 6:20 AM, marking a 5,32 % increase from the previous day.
The broader cryptocurrency market followed suit. Total market capitalization jumped 4,82 % over a 24-hour window to reach an estimated 2,72 Billionen US-Dollar. Ethereum approached the 2.500-Dollar-Marke threshold after climbing 4,76 %. Other major tokens also posted gains, with XRP up 7,82 %, BNB rising 5,48 %, and Solana advancing 4,1 %.
Macroeconomic Drivers Behind the Crypto Surge
The sudden upward trajectory began at 5:00 PM on September 3, when Bitcoin broke away from the 77.000 US-Dollar level to cross 79.000 US-Dollar and 80.000 US-Dollar in rapid succession. According to CoinDesk, the rally was propelled by a retreating US dollar and strong performance across tech-adjacent equities. Strategy shares rose nearly 10 %, Bullish climbed 9 %, Robinhood gained 13 %, Coinbase jumped 8 %, and Circle added 12 %.
A primary catalyst for the crypto market expansion was the depreciation of the US dollar, which was pulled lower by the strengthening Japanese yen. The DXY index fell more than 0,5 % to slip below 99 points. Data from Nikkei Asia showed the yen strengthening against the dollar to 155, hitting its highest level since August 3 as traders anticipated faster interest rate hikes from the Bank of Japan.
Additional relief came as concerns over aggressive US monetary tightening eased. Federal Reserve Governor Chris Waller signaled support for maintaining current interest rates this month. Following the comments, the yield on 10-year US Treasury notes dropped to 4.75 %, while two-year yields fell to 4.33 % from the previous day’s 4,41 %.
Bitcoin Approaches Technical Resistance and Gold Correlation
Following the move above $81,000, market watchers turned their attention to longer-term technical milestones. Galaxy Research posted on X that market participants were closely monitoring the 50-week moving average, a threshold Bitcoin had not crossed since late 2025, when the price crashed to 60.000 US-Dollar.
Bitwise data indicates that Bitcoin and gold prices converged during recent bond sell-offs, with their 90-day correlation coefficient hitting its highest level in almost six years. That correlation intensified as long-term US Treasury yields climbed and Treasury Secretary Scott Bessent expanded his long-term bond purchases. Bitcoin subsequently gained 22,4 % over a single week—its largest weekly advance since March 2024—while gold rose roughly 5 % as equity markets softened.
André Dragosch, Forschungsdirektor bei Bitwise in Europa, noted that comparable macroeconomic dynamics last appeared during the 2020 fiscal and monetary stimulus measures. Bitcoin also maintained an inverse correlation with the US dollar index through late August. Dragosch pointed out that as macroeconomic pressures intensify, investors face mounting currency devaluation risks, leading some market participants to treat Bitcoin as an upgrade to gold.
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