Bitcoin dropped below $80,000 for the fourth consecutive session, trading between $76,000 and $78,500, pressured by rising Middle East tensions, hotter-than-expected US inflation data, and significant outflows from Bitcoin ETFs. These factors increased risk aversion and the likelihood of further Federal Reserve rate hikes, pushing investors away from non-yielding assets like Bitcoin. The $80,000 level has acted as a resistance point since February, and recent ETF outflows and forced liquidations indicate institutional and leveraged traders are reducing exposure. If Bitcoin breaks below the $76,000 support, it could test the lower range near $60,000, signaling a deeper correction from its October 2025 peak of $126,000.
Cryptocurrency markets experienced a broad decline, with Bitcoin falling 1.79% to $77,104 and other major coins like Ethereum, Binance Coin, and XRP also dropping between 1% to over 5%. This downward trend reflects ongoing market volatility and inves...
David Schwartz, Ripple's CTO emeritus, stated in an X Spaces session that XRP could potentially flip Bitcoin by growing faster rather than Bitcoin losing value. He emphasized that the digital asset market can expand, allowing multiple tokens to grow ...
Bitcoin dropped below $77,000 on September 10 following stronger-than-expected U.S. inflation data, which increased the likelihood of a Federal Reserve interest rate hike. The Producer Price Index rose 5.4% year-over-year, pushing Fed hike odds to ar...
Bitcoin price fell 1.31% to around $77,278 on September 10, pressured by hotter-than-expected US producer inflation and concerns over a Federal Reserve rate hike. The price broke key technical supports, including the daily Bollinger Band midpoint and...
Coinbase CEO Brian Armstrong stated that Bitcoin's price has likely found its bottom despite recent declines, and he expects a gradual upward trend over the next one to two years as the market approaches the next halving event. He highlighted that th...
