Crypto Market Update 4/9: Unexpected Developments for Bitcoin

Bitcoin's Rise On the evening of September 4, Bitcoin surged more than 4% to about $81,250.
After fluctuating around $76,000, it rebounded above $80,000.
The rally coincided with a net inflow of $730.9 million into U.S.
spot Bitcoin funds.
More than 60% of that inflow—approximately $454 million—was supplied by BlackRock's spot Bitcoin fund.
According to CryptoQuant, part of the price increase was driven by short‑covering as investors closed positions rather than new purchases.
Bitcoin is currently trading at $81,245.
Correction Pressure and Future Outlook Profit‑taking pressure may intensify after the rally.
Investors may sell as the price rises, potentially causing short‑term volatility.
Whether Bitcoin can stay above $80,000 and break the $82,000–$83,000 range will be a key determinant of market direction.
El Salvador’s Bitcoin Policy Following the first review of its IMF credit program, El Salvador decided to stop purchasing Bitcoin with public funds.
The country continues to increase its holdings through private donations, currently holding 7,764 Bitcoin.
IMF has not disclosed the identities or amounts of the donors.
El Salvador was the first country to recognize Bitcoin as a legal tender in 2021, a policy that became a significant issue in negotiations with the IMF.
Conclusion The next session’s movement will shape Bitcoin’s trajectory, depending on whether it can maintain levels above $80,000 and surpass the $82,000–$83,000 band.
If successful, upward momentum may strengthen; otherwise, correction pressure could resurface.