The crypto market gained more than $112 billion on September 3 as Bitcoin climbed back above $81,000 with a nearly 5% increase. This recovery followed a drop in US Treasury bond yields and comments from Federal Reserve Governor Christopher Waller suggesting rates could remain unchanged at the September meeting. Bitcoin reached a daily high near $81,392, pushing the total cryptocurrency market capitalization to $2.7 trillion. As US Treasury yields and the dollar weakened, appetite for riskier assets including cryptocurrencies increased.
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