Why the cryptocurrency market is rising today: Five major news suggests that the bear market is over

Analysis of the reasons for today's rise in the cryptocurrency market: Federal Reserve's speech, the situation in the United States and Iran, and the trend of the giant whale

The cryptocurrency market has just experienced its strongest day in weeks, and traders everywhere are asking the same question: Why is the cryptocurrency market rising today? On September 4, comments from Fed officials, war headlines and large purchases combined to push prices sharply higher.

Key Points

• According to CoinGecko data, the total market value of crypto jumped to US$2.81 trillion, rising 3.7% in 24 hours, and trading volume reached US$108 billion.
• Federal Reserve Governor Waller's dovish tone, Iran war downgrade rumors and Coinbase stock perpetual contract applications came into effect on the same day.
• Fidelity said it was too early to say that the bear market was over, and pointed out that November 2026 was a node worthy of attention.

Five major triggers for today's rise in the crypto market

According to CoinGecko data, the total market value of crypto today is US$2.81 trillion, an increase of 3.7% in the past 24 hours. Trading volume reached US$108 billion during the same period. Bitcoin's dominant rate remained at 57.5%, and Ethereum's dominant rate was 10.8%.

Some small currencies also joined the gains. The main gainers include Bitcastle Token, Metadata and Useless Coin, while Pons Coin and Lil' Shrub also receive attention on the popular list.

Data source: CoinGecko data| 24-hour change| Price

Bitcastle Token: +166%| $0.09992

Metadium: +132% | $0.01775

Useless Coin: +72% |$0.2303

Federal Reserve Governor Christopher Waller hinted that interest rates may remain unchanged rather than rise

Federal Reserve Governor Christopher Waller said inflation is still above the 2% target, but recent data shows preliminary signs of de-inflation. He said if the trend continues, he may support keeping the federal funds rate stable. Waller added that if August data showed that the improvement was short-lived, a rate hike was still possible. The remarks were made ahead of the Federal Reserve's meetings on September 15 and 16.

Traders interpreted the tone as more dovish than expected, which pushed prices higher ahead of the upcoming Federal Reserve meeting.

Situation in the United States and Iran: Trump aides are reportedly considering declaring the end of war

Kobeissi Letter quoted the Wall Street Journal as saying that President Trump is in private talks with senior aides to discuss declaring the end of war against Iran. Aides reportedly warned that a further escalation after the recent crackdown could hurt Republicans 'prospects in the midterm elections.

Source: X Post

Traders view this as a signal of mitigation of geopolitical risks, which typically push funds into risky assets such as cryptocurrencies.

Coinbase applies for a single stock perpetual contract in the United States

Coinbase said it filed a registration notice with the SEC this week for its derivatives exchange and brokerage business, aiming to introduce a single stock perpetual contract into the United States. The company said it plans to work closely with the Securities and Exchange Commission and the Commodity Futures Trading Commission to bring more financial products home.

Such applications demonstrate growing acceptance by regulators of crypto-style trading tools, which often boosts morale across the digital asset market.

Giant whale continues to buy HYPE and ETH

Lookonchain data shows that a wallet labeled 0x6436 purchased 1.28 million HYPE tokens at a price of US$70 three months ago, worth US$89.13 million; An additional 1.62 million HYPE tokens worth US$133.8 million were subsequently purchased in the past 10 days for US$82.4.

Data source: Lookonchain data

In addition, Abraxas Capital purchased 16,554 ETH units worth US$39.8 million in spot in the past 12 hours. Although its two Hyperliquid accounts held short ETH positions worth $291.4 million.

Trading never sleeps: Cryptocurrencies and the stock market operate 24/7

Kobeissi Letter noted that retail trading activity is at historically high levels and demand for 24/7 access from forecast platforms and tokenized assets continues to grow.

U.S. options trading volume hit a record high of 15.2 billion contracts in 2025, more than three times the level in 2019. Polymarket has now expanded to include perpetual futures for digital assets, stocks, indices and commodities, blurring the boundaries between different types of trading.

Is the bear market really over? Fidelity is not sure

The question "Why did the crypto market rise today" is directly related to whether the downcycle has really ended. Fidelity said that despite a strong rebound in Bitcoin in August, it was unclear whether the bear market phase was over. Some investors are watching whether a bottom will occur in November 2026 based on the four-year cycle theory.

Fidelity pointed out that regulation, monetary policy, institutional adoption and on-chain activity could be triggers for the next round of gains. The CLARITY bill is still in the Senate, and the SEC's proposed Asset Regulations are in the stage of public comment. Therefore, the next major move may depend on the outcome of these two decisions.

Conclusion

Today's rally was not triggered by a single factor. The Fed's remarks, war headlines, Coinbase's large application and giant whale purchases all occurred on the same day. Whether this marks a real turning point or is just a strong rebound still depends on the Federal Reserve meetings on September 15 and 16 and the progress of the CLARITY Act.

YMYL Disclaimer:

This content is for information only and does not constitute financial, investment or trading advice. Cryptocurrency assets are extremely volatile and can fall rapidly in value. The above prices, data and quotes reflect information obtained at the time of writing from CoinGecko, Lookonchain, official statements from Federal Reserve Governor Waller, Coinbase and Fidelity, and may change without notice. Be sure to conduct independent research and consult a licensed financial adviser before making an investment decision.