Bitcoin holds above $81,000 and Ethereum advances to $2,522 after Fed Governor Chris Waller's rate-steady comments spark the largest bitcoin ETF inflow in nine months ahead of the August jobs report.
Bitcoin opened at $81,271.92, up 5.1%, and held above $81,000 after Fed Governor Chris Waller signaled he may hold rates steady. Bitcoin's largest ETF inflow in nine months followed those comments, adding to the bullish setup ahead of the jobs report.
Bitcoin opened at $81,271.92, up 5.1% from Thursday, helped by Fed Governor Chris Waller's rate-steady comments and the largest bitcoin ETF inflow in nine months.
A strong jobs report or hot inflation reading could push the Fed toward a hike, and bitcoin's one-year return remains negative at -27.3%, leaving room for sharp swings.
Ethereum opened at $2,507.70, up 4.9% from Thursday, and traded at $2,522.14 by 7:21 a.m. ET. It is following bitcoin higher after Fed Governor Waller's rate comments, though its 0.1% week-over-week dip shows lagging momentum.
Ethereum opened at $2,507.70, up 4.9% from Thursday, and traded at $2,522.14 as crypto rallied on Fed Governor Chris Waller's rate-steady comments.
Ethereum is nearly flat week-over-week at -0.1%, while bitcoin is up 1.3%, showing etherum lagging in the latest leg.
Ethereum's all-time high is $4,953.73, set Aug. 24, 2025; Friday's price of $2,522.14 remains well below that level.
Bitcoin opened at $81,271.92 Friday, up 5.1% from Thursday and its highest opening since May 12, after Fed Governor Chris Waller said next week's inflation report will determine whether he holds rates steady or raises them. Ethereum opened at $2,507.70, up 4.9%, and traded at $2,522.14. Bitcoin recorded its largest ETF inflow in nine months, with the August jobs report next in focus.
Bitcoin opened at $81,271.92, up 5.1%, after Fed Governor Chris Waller indicated he may hold rates steady. Bitcoin also recorded its largest ETF inflow in nine months.
If the August jobs report shows modest but stable growth, expectations for steady Federal Reserve rates could build, supporting further gains in both cryptocurrencies.
Waller said he is focused on next week's inflation report to decide whether to hold rates steady or raise them later this month.