Bitcoin Surges Past 81000 Dollars Before Falling to the 79000-Dollar Range as Rate Hike Fears Resurface
Bitcoin climbed above 81,000 dollars during intraday trading on September 3 as concerns about U.S. monetary policy eased, reaching its highest level since mid-May. However, stronger-than-expected U.S. employment data on September 4 revived expectations of a possible interest rate hike, and Bitcoin retreated to the 79,000-dollar range by the latest available reporting time on September 5. The situation has therefore moved beyond a simple rally driven by easing rate hike concerns.