Why was Bitcoin up on Sep 3, 2026, 9:28 PM UTC?

Bitcoin's 5.55% 24-hour gain appears driven primarily by macro factors rather than crypto-specific news—the yen surge mentioned likely reflects broader currency movements that have historically supported BTC as a hedge asset. The recent institutional developments (Standard Chartered, SoFi-Kraken partnership) signal growing adoption but aren't significant enough to explain a single-day 5%+ move. The short-term stability (0.2% in 15min, 0.09% in 1h) suggests the move already happened and the market is consolidating.