The digital asset market is showing renewed vigor this Friday, headlined by Bitcoin climbing back above the psychological threshold of $81,000. This 4% gain over the last 24 hours appears to be driven less by crypto-specific internal dynamics and more by a shift in U.S. monetary policy expectations. The decline in the probability of a Federal Reserve rate hike—which, according to CME tracking tools, has dropped to a level of near-total uncertainty—has provided an immediate boost to risk assets.
At the center of this momentum are recent comments from Christopher Waller. The Fed Governor hinted at a possible stabilization of rates should inflation continue to cool, triggering an immediate easing of bond yields. This macroeconomic backdrop has also weighed on the dollar, which has fallen to its lowest levels since May. Although spot Bitcoin ETFs recorded approximately $277 million in inflows during the last session, analysts remain cautious: this recovery needs consistent institutional support to prove it has long-term staying power.
While the overall trend is bullish, performance varies significantly. Zcash stands out as the session's clear leader, surging nearly 15%, fueled by robust mining dynamics and a rising hashrate. By comparison, major assets like Ethereum, BNB, and Dogecoin have posted more modest gains between 4% and 5%. This disparity highlights a heightened appetite for risk, as altcoins capture a significant portion of the capital flooding into the market during these periods of monetary relief.
However, it is essential to keep a cool head amid this sudden enthusiasm. On a weekly scale, the market is stagnant, or even retreating for some assets, confirming that this surge may be short-lived. Furthermore, the renewed strength of the Japanese yen represents a major risk factor, potentially draining the liquidity available for leveraged trading strategies. For this session to mark a genuine turning point, a sustained series of positive days will be required; otherwise, this rebound may prove to be nothing more than a temporary blip within a broader period of consolidation.