Crypto Market Cap Hits $2.7 Trillion After Bitcoin Rally

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TLDR

  • Bitcoin rose almost 5% to reclaim $81,000
  • Crypto market added about $112 billion, reaching $2.7 trillion
  • Fed Governor Christopher Waller signaled he could support holding rates steady
  • US Treasury yields fell and the dollar weakened after his comments
  • Bitcoin now faces resistance near $82,000 to $82,500

The crypto market gained more than $112 billion on September 3, 2026, as Bitcoin climbed back above $81,000.

The move followed a drop in US government bond yields. It also came after comments from Federal Reserve Governor Christopher Waller.

Waller said he could support holding interest rates steady at the Fed’s September meeting. He added this was possible if inflation keeps cooling.

He made the remarks at a Reuters event. His words eased worries among investors who feared another rate increase.

Rate Comments Ease Investor Concerns

After Waller spoke, US Treasury yields declined. The US dollar also weakened against other currencies.

Lower yields tend to push investors toward assets like cryptocurrencies. That happens because safer interest-paying investments become less attractive.

A weaker dollar also makes Bitcoin cheaper for buyers using other currencies. This can boost demand from overseas.

The reaction spread beyond crypto markets. US stocks and shares linked to digital assets also rose on the day.

This showed that demand for riskier investments increased across several markets, not just crypto.

Bitcoin Leads Broad Market Recovery

Bitcoin rose 4.91% from its daily opening price of about $77,307. It reached $81,100 during the session.

The daily high came in near $81,392 before prices settled slightly lower.

The total crypto market capitalization increased 4.35% to $2.7 trillion. That added roughly $112.4 billion in value across the market.

Bitcoin Price on CoinGeckoBitcoin Price on CoinGecko

Excluding stablecoins, the total market capitalization rose 5.05% to $2.42 trillion.

Bitcoin is now approaching the $82,000 to $82,500 range. It had struggled to break above this level in recent weeks.

A move above that range could open the door to more gains. Traders are watching this zone closely.

Charts showed an increase in buying activity across the market. Momentum for Bitcoin and the wider crypto market moved into an elevated range.

This does not mean prices have to fall from here. But a pause is possible after such a sharp one day gain.

As of the latest update at 21:30 EDT on September 3, Bitcoin remained above $81,000. The broader market held on to most of its gains from earlier in the session.

The post Crypto Market Cap Hits $2.7 Trillion After Bitcoin Rally appeared first on Blockonomi.

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