Waller’s remarks ignite a renewed bitcoin debasement trade as BTC eyes $83K

Fed Governor Christopher Waller signaled he could back holding rates steady if inflation cools, triggering a fresh rally in Bitcoin (BTC-USD) to around $81,000 and bringing it within reach of the $83,000 resistance. The move echoes the August US Treasury bond-buyback expansion that helped spark the so-called debasement trade, with Bitcoin, gold, and other high-beta assets climbing as the dollar fell and equities like MicroStrategy, Coinbase, and others surged. Analysts say a sustained move above roughly $83K would break the February-driven range, though a hotter-than-expected inflation print could rekindle expectations for a rate hike.