Bitcoin Slips Below $80,000 After Jobs Data. 2 Things That Could Power Cryptos Higher.

Bitcoin hit its highest level since mid-May on Thursday. (Joe Raedle/Getty Images)

Key Points

• Bitcoin reached its highest price level since May, trading at $79,900 after hitting $81,400.
• The cryptocurrency’s recent rise followed Federal Reserve Governor Christopher Waller signaling openness to holding interest rates steady.
• On September 15, the Senate is scheduled to hold a procedural vote on the Clarity Act, which would regulate cryptocurrencies as commodities.

Bitcoin missed out on the artificial-intelligence boom that powered stocks higher over the first half of 2026, but it’s now muscling into the party.

The world’s largest cryptocurrency was trading at $79,900 up 1.6% over the past 24 hours but down from $81,400 after hitting its highest level since May, according to Dow Jones Market Data.

Bitcoin has spent much of the year sulking in the corner as investors plow all their cash into chip and memory stocks. If it can clear three hurdles, it will finally get a chance to step into the limelight.

For crypto investors, there’s a lot riding on two key economic data releases—Friday’s nonfarm payrolls report and the consumer price index inflation reading due on Sept. 11.

The jobs report came in strong with 162,000 jobs added in August, above the 65,000 expected by economists. But there’s still CPI next week.

Created with Highcharts 9.0.1BitcoinSource: CoinDesk

Created with Highcharts 9.0.1April 2026Sept.57,50060,00062,50065,00067,50070,00072,50075,00077,50080,00082,500$85,000

The other crucial event on the horizon is on Sept. 15, when the Senate is set to hold a procedural vote on the Clarity Act. That industry-friendly bill would regulate cryptos as commodities, not securities.

The recent move higher came after Federal Reserve Governor Christopher Waller signaled that he was open to holding interest rates steady later this month, citing signs of cooling in recent inflation data.

If the Fed does keep rates unchanged on Sept. 16, that would be good news for stocks—and even better for Bitcoin and other cryptos. When borrowing costs are lower, investors tend to ditch yield-bearing assets like bonds and seek out higher returns.

That’s why the next two weeks will help decide if Bitcoin can finally catch up to the AI trade, after months of struggles.

Write to George Glover at george.glover@dowjones.com

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