Global cryptocurrency markets moved higher on Tuesday, September 1, with Bitcoin climbing back toward the $80,000 mark as Ether, XRP, Solana and a broad range of altcoins advanced despite a difficult backdrop across global bond and energy markets.
Bitcoin traded at $79,081.88, up 1.39 percent over the previous 24 hours. The world’s largest cryptocurrency had a market capitalization of $1.58 trillion and recorded $30.20 billion in trading volume over the same period.
The latest increase offered some relief following recent weakness, although Bitcoin remained 2.13 percent lower over seven days. That left the cryptocurrency below its recent highs and showed that Tuesday’s advance had yet to fully reverse the losses accumulated during the previous week.
The rebound came as investors entered September following one of Bitcoin’s strongest months in recent years. The cryptocurrency gained nearly 25 percent in August, marking its best monthly performance since November 2024.
August rally fades
The August advance was supported partly by renewed concerns over currency debasement and demand for alternative assets after the U.S. Treasury announced plans to increase buybacks of longer-dated government securities.
MarketWatch reported that September has historically presented a more difficult backdrop for Bitcoin. Since 2014, the cryptocurrency has recorded an average September decline of around 2.2 percent, making the new month an early test of whether August’s momentum can continue.
Bitcoin’s gains on Tuesday came despite rising pressure across traditional financial markets.
Renewed fighting between the U.S. and Iran pushed Brent crude above $91 a barrel, increasing concerns that higher energy prices could keep inflation elevated. Global government bonds simultaneously came under renewed selling pressure.
The benchmark 10-year U.S. Treasury yield recently reached around 4.77 percent, its highest level since January 2025, while Japan’s 10-year government bond yield touched 3 percent for the first time since 1996. German and French yields also reached 15-year highs as markets reassessed fiscal and monetary-policy risks.
Yields test crypto
Higher government bond yields can create pressure for cryptocurrencies by increasing the returns available from lower-risk interest-bearing assets and raising the opportunity cost of holding non-yielding investments.
The latest increase in yields has also been accompanied by stronger expectations for additional monetary tightening. Markets were assigning roughly a 65 percent probability to a Federal Reserve rate increase in September after Chair Kevin Warsh’s hawkish remarks at Jackson Hole.
Japan is facing similar expectations. Markets were pricing in a 73 percent probability that the Bank of Japan would raise interest rates in September as Japanese government bond yields climbed and the yen remained close to 160 against the U.S. dollar.
Digital assets nevertheless largely resisted the broader risk-off pressure during Tuesday’s session, with gains extending beyond Bitcoin into most major cryptocurrencies.
Ether advanced 1.83 percent over 24 hours to $2,481.18. Ethereum’s market capitalization stood at $298.39 billion, while daily trading volume reached $12.63 billion. The cryptocurrency remained 1.23 percent lower over seven days.
Ether and XRP rise
BNB increased 1.02 percent to $693.90, giving the cryptocurrency a market capitalization of $92.14 billion. It remained 3.37 percent lower over the previous seven days.
XRP recorded a stronger daily gain, rising 1.93 percent to $1.3913. Its market capitalization reached $86.83 billion and 24-hour trading volume stood at $2.05 billion, although the token remained 8.91 percent lower over the week.
Solana gained 1.95 percent to $104.192, bringing its market value to $60.78 billion. Trading volume over the previous 24 hours stood at $2.78 billion.
Unlike several other leading cryptocurrencies, Solana was also positive over the seven-day period, rising 1.98 percent.
Institutional flows offered another source of support for the broader market. U.S. spot Bitcoin exchange-traded funds recorded combined net inflows of $24.2 million on August 31, according to Farside Investors.
The return to positive flows followed net withdrawals of $201.9 million on August 28, suggesting some investors were returning to Bitcoin funds following the market’s recent pullback.
U.S. spot Ether ETFs also recorded positive flows on August 31, attracting a combined $27.7 million.
Altcoins broadly recover
Hyperliquid was among the stronger large-cap performers, climbing 3.69 percent to $84.1370 and extending its seven-day gain to 3.87 percent. Its market capitalization stood at $21.18 billion.
Zcash jumped 4.18 percent to $865.14, while Chainlink gained 2.09 percent to $11.509.
Cardano rose 3.48 percent to $0.2026, although it remained 11.02 percent lower over seven days. Stellar increased 1.36 percent to $0.17904, Bitcoin Cash added 1.31 percent to $250.09 and Litecoin advanced 0.94 percent to $49.01.
Among smaller assets, Uniswap gained 5.96 percent to $5.4938, extending its seven-day increase to 21.36 percent.
NEAR Protocol rose 7.38 percent to $1.9798, while Pump.fun surged 6.66 percent to $0.004546. Aave gained 3.15 percent to $127.08 and Shiba Inu advanced 3.16 percent to $0.00000520.
Dogecoin rose 1.07 percent to $0.083777 but remained 9.88 percent lower over seven days, highlighting the uneven nature of the wider rebound.
Smaller tokens advance
Avalanche increased 1.20 percent to $7.31, Hedera gained 0.94 percent to $0.07501 and Sui advanced 1.75 percent to $0.7332.
OKB climbed 1.19 percent to $112.31, while MemeCore edged 0.45 percent higher to $1.18060.
Not every major cryptocurrency participated in Tuesday’s recovery.
Mantle fell 4.55 percent to $0.5471, while Gram declined 4.26 percent to $1.3966. UNUS SED LEO dropped 2.28 percent to $9.3787 and TRON lost 1.38 percent to $0.331913.
Monero slipped 0.61 percent to $515.379, while Cronos declined 0.27 percent to $0.05648.
Stablecoins remained close to their intended pegs. Tether traded at $1, down 0.01 percent, while USDC stood at $1.0002. Dai traded at $1.00005, PayPal USD at $1.001 and Ripple USD at $1.00017.
Crypto-linked precious-metal tokens also reflected elevated bullion prices. Tether Gold traded at $4,432.70, while PAX Gold stood at $4,441.
Gold tracks rates
Gold itself remained under pressure as investors assessed renewed Middle East tensions against rising expectations for tighter U.S. monetary policy.
Spot bullion slipped on Tuesday as traders awaited U.S. labor-market data, including job openings, ADP employment figures and Friday’s nonfarm payroll report.
Markets were assigning a 66 percent probability to a September Federal Reserve rate increase and an 89 percent probability of another increase by December, according to CME FedWatch figures cited by Reuters.
The same monetary dynamics have implications for cryptocurrency markets. Stronger U.S. employment figures could reinforce expectations for further rate increases, push Treasury yields higher and make speculative assets relatively less attractive.
Weaker data could have the opposite effect by reducing expectations for monetary tightening and easing some of the upward pressure on yields.
The approaching U.S. employment report therefore represents one of the biggest near-term macroeconomic tests for both cryptocurrencies and traditional risk assets.
Bitcoin’s ability to sustain a move toward or above $80,000 is likely to depend partly on whether the bond-market selloff stabilizes.
Treasury move supports
Bitcoin’s August rally followed a major shift in the U.S. Treasury market that initially improved conditions for risk assets.
On August 19, the Treasury announced that it would at least double the maximum size of liquidity-support buybacks for longer-dated nominal government securities.
For the 10-year to 20-year and 20-year to 30-year sectors, the maximum amount per operation will rise from $2 billion to at least $4 billion beginning September 9. The larger operations are scheduled to remain in effect through the current refunding quarter ending November 4.
Treasury said the measure was intended to provide greater liquidity support in longer-dated sectors where it had consistently received strong volumes of high-quality offers from market participants.
The announcement triggered a sharp positive reaction across crypto markets. Reuters reported that Bitcoin moved above $70,000 for the first time since June following the decision, while Ether and crypto-related equities also rallied.
The move helped revive what investors have described as a debasement trade, under which Bitcoin and gold benefit from concern over government borrowing, currencies and the purchasing power of traditional money.
Bitcoin outperforms assets
By August 25, Bitcoin had briefly moved above $80,000 after outperforming both gold and major U.S. stock indexes over the previous six months.
MarketWatch reported that Bitcoin touched around $80,600 before trading near $79,800 as investors responded to the Treasury’s plans and renewed interest in alternative assets.
Institutional activity had also strengthened substantially before the late-August pullback.
Farside data show that U.S. spot Bitcoin ETFs attracted $517.2 million on August 19, followed by $606.3 million on August 20, $307.5 million on August 21 and $337.6 million on August 24. Another $314.3 million entered the funds on August 25. (
Flows then moderated before turning negative on August 28, when the funds recorded combined withdrawals of $201.9 million.
The $24.2 million inflow recorded on August 31 was therefore small compared with the strongest days of August, but it represented an important reversal after Friday’s withdrawals.
Ether funds showed a similar pattern of institutional demand, with Farside data showing several days of triple-digit net inflows during the second half of August.
Regulation moves forward
The U.S. regulatory backdrop has also continued to evolve.
The Securities and Exchange Commission proposed a new framework called Regulation Crypto Assets on August 18, designed to create a tailored securities offering regime for certain investment contracts involving crypto assets.
The proposal would create two registration exemptions. One would allow qualifying offerings of up to $5 million over four years, while another would permit offerings of up to $75 million during each 12-month period, subject to disclosure and other requirements.
It would also establish a conditional safe harbor under which qualifying crypto assets could be deemed not to be subject to an investment contract once specified conditions are satisfied.
The SEC said the proposal is intended to reduce uncertainty surrounding how federal securities laws apply to digital assets while maintaining antifraud and investor-protection requirements.
The public comment period runs through October 20.
SEC Chair Paul Atkins has also said congressional legislation remains necessary to establish a durable long-term regulatory framework, while expressing support for progress on the CLARITY Act.
