NEW YORK, September 3, 2026, 12:48 (EDT)
- Bitcoin was last at $80,984.62, rising 4.8% from its previous close.
- The token climbed to $81,351.02, having previously hit a low of $76,993.97.
- On September 2, U.S. spot funds attracted $101.1 million.
- Open interest for futures and perpetual contracts dropped by 1.8% during the week.
Bitcoin surged 4.8%, climbing past $80,000 on Thursday as strong buying drove a rapid morning recovery. The cryptocurrency was quoted at $80,984.62 at 12:48 EDT, according to Yahoo Finance.
The significance of the advance lies in the fact that leverage is still lower compared to past rallies. This puts greater emphasis on spot demand instead of compelled derivatives purchases.
U.S. spot bitcoin funds saw net inflows of $101.1 million on Wednesday, partially offsetting the $236.5 million in outflows from Tuesday, according to Farside Investors data.
Bitcoin’s Thursday acceleration
BTC-USD, U.S. dollars; selected hourly observations
As of . Source: Yahoo Finance.
Bitcoin traded close to $77,934 as of 08:00 EDT, Fortune reported. The price climbed by about $3,050 during the subsequent five hours.
LMAX Group strategist Joel Kruger said Wednesday that “dips continue to attract demand.” In comments made to The Block, he called bitcoin resilient amid a challenging global environment.
Crypto gains broadened
Change from Yahoo’s prior close
The rally was broad, though bitcoin was not at the forefront. XRP climbed 8.1%, with ether and solana advancing roughly 4.3% and 4.2% respectively.
On Tuesday, open interest for futures and perpetuals was $38.6 billion, marking a 1.8% decline over one week. Perpetual funding remained flat, according to K33 figures cited by The Block.
Perpetual open interest stayed close to its lowest level in four months. The figures indicate Thursday’s advance relied less on an influx of new long positions.
Spot-fund flows turned positive
Daily net flow, U.S. dollars
Latest complete fund day: September 2, 2026. Source: Farside Investors.
On Wednesday, IBIT saw an inflow of $115.4 million. Nearly half of that was counterbalanced by a $56.2 million outflow from GBTC.
The decision was made even as oil prices advanced further. Brent crude rose by 1.1% to $96.72, and the 10-year Treasury yield slipped to 4.75%, the Associated Press reported.
The upcoming U.S. employment report on Friday is set to be the next key indicator. A robust result could prompt renewed pressure on rates and swiftly impact speculative assets.
Risks: Bitcoin remains well under its October high of $126,198. A return of ETF outflows, rising yields or forced liquidation could undermine the breakout.
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