{
  "id": 5670264,
  "title": "Bitcoin Pumps as Fed Signals Rate Pause, $415 Million in Shorts Get Rekt",
  "url": "https://urgent.news/2026/09/03/bitcoin-pumps-as-fed-signals-rate-pause-415-million-in-shorts-get-rekt-5670264",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T16:38:17.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/crypto/articles/bitcoin-pumps-fed-signals-rate-163817310.html"
  },
  "original_language": "en",
  "account": "Bitcoin and major altcoins surged on Thursday, propelled by optimism from the Federal Reserve's potential pause in rate hikes. Bitcoin climbed above $80,000, while Ethereum and XRP also posted gains. The rally led to liquidations of over $415 million in short positions over the past day. Fed Governor Christopher Waller's comments on holding the benchmark interest rate suggested a positive outlook for risk assets, as traders bet on potential gains in stocks and crypto. The odds of a rate hike at the Fed's September meeting diminished, and the 10-year Treasury yield fell to a lower level, weakening the dollar. A rate pause would counteract the inflation-fighting impact of higher interest rates, benefiting riskier investments. The rally was driven by short sellers getting squeezed out, with more than 119,000 positions liquidated in 24 hours. The next economic indicator to watch is the August jobs report, which could influence the Fed's decision at their upcoming meeting.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Decrypt",
        "title": "Bitcoin Pumps as Fed Signals Rate Pause, $415 Million in Shorts Get Rekt",
        "url": "https://urgent.news/2026/09/03/bitcoin-pumps-as-fed-signals-rate-pause-415-million-in-shorts-get-rekt",
        "published": "2026-09-03T16:38:17.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}