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Bitcoin trades near $79,200, showing a shallower decline than past bear markets amid ETF inflows and strong US jobs data.

Market News
09 Sep 2026
Crypto news
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Bullish
Bitcoin trades near $79,200, showing a shallower decline than past bear markets amid ETF inflows and strong US jobs data.

Bitcoin traded around $79,200 on September 9, about 37% below its October 2025 peak, marking a shallower decline compared to the 77%-83% drops in previous bear markets. Wintermute highlighted that Bitcoin's current cycle drawdown is smaller, supported by strong inflows into US spot Bitcoin ETFs totaling $987 million recently. Despite stronger US employment data suggesting less Fed easing, Bitcoin held firm, indicating underlying demand. Upcoming US inflation data and the Federal Reserve meeting will test if Bitcoin can sustain this resilience amid tighter financial conditions.

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