Bitcoin
September 11, 2026
Bitcoin Price Sits Near $78K as 68% of Supply Turns Profitable, Armstrong Targets $400K
- Bitcoin rally, ZCash price, Cardano price and XRP price all surged as the crypto market regained momentum
- Crypto market cap climbed to $2.82T, its highest level in more than seven months, as Bitcoin pushed above $81K
- Easing Fed hike expectations helped improve risk appetite, giving Bitcoin and major altcoins another boost
Bitcoin has started to walk a stable path, as the asset has a hit a new high of $81K. This Bitcoin rally has brought the crypto market cap narrative in the center, helping it climb $2.82T in the process. The number is its highest since the last seven months, after falling from around $3.4T in January. At the same time, the current Bitcoin rally has injected massive liquidity into the sector, helping altocins like ZCash, Cardano, and XRP to jump high in the process.
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Why Is Bitcoin Going Up?
A major catalyst behind the recent bitcoin rally is changing expectations around the federal reserve September policy decision. Fed governor Christopher Waller said he is seeing signs of disinflation. Waller later added how he may support keeping the rates unchanged if the upcoming inflation data confirms this narrative.
These comments rattled through the market, bringing in a bullish momentum for Bitcoin and other altcoins to follow. Waller’s remarks caused the markets to reassess the possibility of another rate hike, helping them shift gears. At the same time, the positive outlook started to reflect in the recent bitcoin rally, which moved sharply from its $77K high to $81K.
Other than that, another leading reason for the recent Bitcoin rally can be attributed to the rise in BTC ETF inflows and steady consumption demand. Changes in the US fiscal policy, with bond buyback narratives, are all fueling interest in assets like gold and bitcoin, helping them surge higher in the process.
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Altcoins Responded To The Recent Fed Related Comments
Apart from Bitcoin, leading altcoins like ZCash price have also responded well to the latest market change. ZCash price has surged 16% in the process.
In addition to this, Cardano price also rose to reflect this momentum. Cardano price noted a high of 13%. Other than that, XRP price has also adopted a positive stance. The asset has been moving slow as of late. The XRP price has now joined the recent Bitcoin rally stance, jumping 10% in the process. Moreover altcoins like Dogecoin also jumped 10% bringing some respite back into the market.
“$ZEC jumped 16.5%, $ADA gained 13%, $DOGE and $XRP climbed about 10%, while Strategy $MSTR and Circle $CRCL rallied 15% and Coinbase $COIN rose 10%.”
Tokens of leading crypto centric companies such as Coinbase and Strategy have also risen, surging double digits in the process.
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