Crypto market value reaches $2.73 trillion as Bitcoin and crypto-linked stocks rally

  • Crypto’s market value reached $2.73 trillion as Bitcoin, altcoins and crypto-linked stocks rallied on easing rate-hike concerns.
  • Bitcoin climbed roughly 4.8% to $81,364, while ZIG and ZEC rose 18.75% and 18.06%; Strategy and Webull shares gained 14.40% and 10.89%.
  • Traders await August CPI data on Sept. 11 before the Federal Reserve’s Sept. 15-16 meeting, while ETF inflows and Strategy’s Bitcoin purchase supported the market.

Crypto’s total market value reached $2.73 trillion Thursday as easing expectations for another Federal Reserve rate increase triggered a broad risk-on move. Bitcoin rose roughly 4.8% to $81,364 after retreating toward $76,000, while Ethereum moved above $2,500, Solana reclaimed $104, BNB traded around $720 and XRP rose roughly 8% to 9% toward $1.46. ZIG gained 18.75% and ZEC rose 18.06%, with double-digit advances across several altcoins. Strategy Inc. shares gained 14.40% to $140.93 and Webull Corp. shares rose 10.89% to $9.98. Federal Reserve Gov. Christopher Waller indicated that cooling inflation could support holding the federal funds rate at 3.50% to 3.75% at the Sept. 15-16 meeting, while Polymarket odds of a September rate increase fell from roughly 59% to 42%. Traders now await August CPI data on Sept. 11, which could determine whether the rally continues.

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