Bitcoin Climbs Past $81,000 as Rate Hike Fears Cool

Bitcoin regained momentum on Friday, trading back above the $81,000 mark. The move comes as market participants reduce their bets on a Federal Reserve interest rate hike this September, with odds now appearing like a coin flip.

While major cryptocurrencies saw green across the board today, most assets remain relatively flat for the week. The shift in sentiment suggests that investors are waiting for more clarity on economic policy before committing to long term positions.

Zcash stood out from the crowd by posting a 15 percent gain during the session. Traders are now watching to see if this broad market optimism holds through the weekend or if the current uncertainty regarding central bank policy continues to keep prices in a tight range.