Bitcoin surged above $80,000 on Thursday, trading near $80,270, up nearly 3% over 24 hours. XRP climbed 6%, Ethereum approached $2,500, and BNB also rallied. Federal Reserve Governor Christopher Waller signaled he could support holding interest rates steady if inflation continues to improve, pulling September rate-hike odds down to 50.4% from 63.2% per the CME FedWatch tool. More than $500 million in crypto was liquidated over 24 hours, with $415 million coming from short positions, affecting over 119,000 traders. The Dow Jones Industrial Average gained 453 points, while the S&P 500 and Nasdaq each rose nearly 1%.
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