# Bitcoin near $80,000, Ethereum at $2,500 as crypto market absorbs U.S. rate expectations — retained record

> Retained news record from news:india-et-markets.

Canonical: https://highsignal.app/data/records/23e0b410c5a8cd71

[← sources](https://highsignal.app/data)


source: [news](https://highsignal.app/data/news) (news:india-et-markets)  published 2026-09-07 10:07 ingested 2026-09-08 02:58

[original source ↗](https://economictimes.indiatimes.com/markets/cryptocurrency/crypto-news/bitcoin-near-80000-ethereum-at-2500-as-crypto-market-absorbs-u-s-rate-expectations/articleshow/133875649.cms)

## retained text



```
In the past 24 hours, Bitcoin was down 0.61% and Ethereum was down 0.25% to trade at $2,495. Among the major altcoins, BNB, XRP, Solana and Dogecoin corrected up to 1.72%, whereas Tron, Hyperliquid and Cardano were up 0.83%.
Also Read | Smallcap mutual funds outperform with 21% return in 6 months. Should investors chase the rally or wait for correction?
Sehgal further said that Bitcoin’s volatility has recovered toward 39 from the mid-30s even as spot remains compressed.
The global crypto market capitalisation edged down 0.33% to $2.7 trillion, according to CoinMarketCap. The crypto fear and greed index today is at 71, indicating the market sentiment is at greed, said CoinDCX Research Team.
Over the past week, Bitcoin and Ethereum were up 1.04% and 1.93% respectively. Among the major altcoins, BNB, XRP, Hyperliquid and Cardano rallied up to 4.9%, whereas Solana, Tron and Dogecoin gained up to 11.76%.
Prateek Gupta, Head of Business at Mudrex, said Bitcoin is trading below $80,000 after stronger-than-expected US jobs data lifted September Fed rate-hike expectations to 58-60%, reversing the dovish rally that had pushed BTC above $82,000. However, Bitcoin spot ETFs continued to attract fresh capital, recording over $986 million in weekly net inflows.
The next key levels are $81,800 on the upside and $78,000 on the downside, ahead of the Fed’s September 16 decision, Gupta further said.
Market perspective
Avinash Shekhar, Co-Founder & CEO, Pi42: Bitcoin’s recent rally has taken it roughly 23% higher over the past month, with the market now looking toward a possible retest of its previous highs. The move has been supported by improving regulatory sentiment in the U.S., stronger liquidity conditions and renewed institutional participation.
Also Read |Rs 10,000 SIP can create Rs 87.3 lakh in 20 years. Why this projection may not match your actual outcome
CoinSwitch Markets Desk: BTC is trading in a relatively tight range, with momentum remaining subdued. The market is consolidating near current levels as traders assess whether the broader recovery can extend toward key resistance around $80,000–$83,000. Overall, BTC appears to be in a consolidation phase, with the next meaningful breakout likely determining whether the recent rebound develops into a stronger trend.
Nischal Shetty, Founder, WazirX: Crypto is entering a more complicated macro environment. The combination of oil above $90, rising bond yields and stronger U.S. jobs data is pushing markets to reassess the path of interest rates. For crypto, that can mean near-term pressure as higher yields make risk assets less attractive and reduce expectations of easier liquidity.
Vikram Subburaj, CEO, Giottus: Most Bitcoin supply also continues to sit in unrealised profit. However, retail participation has softened, while short-term speculative capital and leverage have increased. The market is currently in a transitional phase.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
```



document fetched 2026-09-08 02:58