Bitcoin climbs nearly 4% to $81,000 as ETF inflows, strategy buying support rally

Bitcoin climbed above the $81,000 mark on Friday, supported by U.S. spot ETF inflows and Strategy returning to the market as a buyer. The cryptocurrency was trading at $81,017.

In the past 24 hours, Bitcoin was up 3.93%, and Ethereum was up 4.51% to trade at $2,515. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano gained up to 6.91%.

Balaji Srihari, VP - Business, India, CoinSwitch said the broader trend remains positive, with BTC trading above its key moving averages. However, momentum is starting to look stretched, as daily RSI has moved above 73, while the hourly RSI is above 80, signalling overbought conditions. A short-term consolidation or pullback would therefore be healthy.

The global

capitalisation went up 3.41% to $2.71 trillion, according to CoinMarketCap.

Vikram Subburaj, CEO of Giottus, said the rebound from $77,000 on September 3 shows how quickly sentiment can turn when interest-rate expectations change. The probability of a US rate increase in September fell to about 50% after Federal Reserve Governor Christopher Waller indicated that he could support leaving rates unchanged