Bitcoin held the $80,000 level despite continued tensions between the United States and Iran. Major altcoins such as Ethereum and Solana also largely rose.
On the 7th, according to global virtual asset market site CoinMarketCap, as of 8:35 a.m. that day, Bitcoin was trading at $80,191.59. It was up 0.46% from 24 hours earlier.
Ethereum, the No. 2 by market capitalization, rose 1.31% to $2,514.89. Ripple (XRP) was up 0.41% at $1.42, and Solana jumped 3.02% to $106.42. Dogecoin and Tron also rose 0.77% and 0.39%, respectively.
By contrast, Binance Coin (BNB) fell 1.79% to $752.22. Zcash, which has surged recently, jumped 19.62% in 24 hours to $1,226.35.
The market is focused on the Federal Open Market Committee (FOMC) meeting on the 15th–16th. That is because the possibility of a benchmark rate hike has risen again as recent U.S. employment data came in better than expected.
According to CME FedWatch, participants in the federal funds rate futures market see a 58.4% chance of a 0.25 percentage point (p) rate hike this month. That is up 9 percentage points from 49.4% the previous day. The U.S. producer price index (PPI) and consumer price index (CPI) for August, to be released on the 10th and 11th, respectively, are expected to be key variables that will determine the direction of rates.
Investor sentiment toward virtual assets is also recovering. CoinMarketCap's "virtual asset fear and greed index" reached 75 that day, entering the "greed" stage. Compared with last month's 38, which remained at the "fear" level, investor sentiment has improved significantly.