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Following
BTC Federal Reserve officials 'speeches trigger two-way fluctuations in Bitcoin
On September 3, 2026, Bitcoin's rally encountered significant resistance as Federal Reserve Governor Christopher Waller described the September interest rate decision as a "coin toss" game dependent on inflation data. Boosted by the news, Bitcoin once surged to nearly $81,400 in intraday trading, the highest level since May 15; but at press time, the coin's price fell back to $79,543.
Waller turns September meeting into an inflation test site
According to Waller's speech on September 3, the next inflation data will be the key basis for his vote at the Federal Open Market Committee (FOMC) meeting from September 15 to 16. He said he would prefer to keep the benchmark interest rate unchanged if inflation continued to cool; but if data showed inflation remained strong, he would consider raising interest rates.
This two-faced response function eliminates the possibility of any advance commitments, making the meeting entirely dependent on data performance. Investors quickly repriced the September interest rate path, lowering the probability of a rate rise to about 50-50.
Lower interest rate hike expectations help Bitcoin continue its rally
The market's repricing of interest rate hike expectations provides room for risky assets to rise. Bitcoin's surge towards nearly $81,400 has brought it to its highest intraday level since May 15, a trend similar to previous patterns when the Federal Reserve issued dovish signals.
As of press time, BTC was trading at US$79,543, down about 1.7% from 24 hours ago. Prices fell back as intraday gains subsided. The market capitalization rate of the token is close to US$1.6 trillion, and the 24-hour trading volume is approximately US$33.5 billion.
Despite the correction, crypto market sentiment remains risk-oriented, with the Fear and Greed Index reading of 73, in the "greedy" range. This background was supported by stable demand, including US spot bitcoin ETF inflows of more than US$700 million, while leveraged positions rose sharply, triggering short positions such as "clearing $58 million in one hour."
Analysts 'View: The bottom will take time to confirm
Nansen analyst Nicolai Sondergaard pointed out that the current trend is still tentative rather than a definite trend reversal.
"My basic assumption is that Bitcoin may have formed a significant local bottom, but a cyclical turning point has not yet been confirmed."-- Nansen analyst Nicolai Sondergaard
Market focus before FOMC decision
The release of the next inflation data will be a key catalyst. Waller linked his voting rights directly to the data, so a lower than expected data would validate the argument to keep interest rates unchanged; conversely, a higher than expected data could shift pricing towards rate hikes again.
The FOMC meeting on September 15 - 16 is the next key node on the calendar. Until then, markets were waiting for confirmation signals rather than heralding a sweeping institutional shift, which made Bitcoin highly sensitive to every data surprise that emerged between now and before the vote.
