What matters right now?

Bitcoin topped $80,000 as US stocks rallied 1.1% after Fed Governor Waller said he could support holding rates steady if inflation keeps easing, while the dollar hit its lowest since May.

A Fed official signaling openness to pausing rate hikes coincided with a broad risk-on move across stocks, bitcoin, and the yen. So what: the dollar's slide to a multi-month low alongside bitcoin's rally suggests investors are treating easier Fed policy expectations as supportive for risk assets generally, not just crypto.