# Bitcoin Reclaims $80,000 Amid Dovish Fed Signal

*Author: Bankless*
*Published: Sep 3, 2026*
*Source: https://www.bankless.com/read/news/bitcoin-reclaims-80-000-amid-dovish-fed-signal*

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Bitcoin reclaimed ground [above $80,000](https://www.coingecko.com/en/coins/bitcoin) today, September 3rd, ripping from the mid-$77,000s this morning to an intraday high above $81,000 at the time of writing. 

## **What's the Scoop?**
- **The catalyst:** Fed Governor Christopher Waller signaled he'd back a hold at the Fed's mid-September meeting so long as next week's August inflation print keeps trending the right way. The comments pulled hike odds lower after a hawkish Jackson Hole speech from Chair Kevin Warsh had put a September increase back in play.
- **The tape**: Bitcoin gained roughly 5% on the day. Gold also rose while the dollar slipped and the 10-year yield eased off recent multi-year highs near 4.82%.
- **Flows:** U.S. spot bitcoin ETFs posted $101 million in net inflows on Wednesday, led by BlackRock’s IBIT, after a $236 million outflow the prior session. Last week Strategy also made its [first bitcoin purchase](https://www.bankless.com/read/news/strategy-snaps-its-bitcoin-pause-as-bitmine-s-eth-buying-streak-continues) since June 2026.
- **The setup:** Inflation is still above the Fed’s 2% target, oil remains elevated amid sustained U.S.-Iran tensions, and September is historically a weak month for BTC. The next big tests on the slate are Friday’s jobs report, the September 11th CPI, and the FOMC.