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Bitcoin drops below $78K amid rising US inflation and Fed rate hike fears

Market News
10 Sep 2026
Crypto news
View Source
Bearish
Bitcoin drops below $78K amid rising US inflation and Fed rate hike fears

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 4-hour Supertrend, signaling weakening momentum. Investors also saw significant ETF outflows, adding to selling pressure. Near-term support lies around $76,392, with resistance near $78,650 and $80,000; the market awaits the Fed's September meeting for direction.

More News (BTC)

Crypto whale converts $7.5M in Bitcoin to 3,038 ETH amid ongoing shift to Ethereum.

Crypto whale converts $7.5M in Bitcoin to 3,038 ETH amid ongoing shift to Ethereum.

A cryptocurrency whale has converted approximately $7.5 million worth of Bitcoin into 3,038.73 Ether in a single hour using three different addresses. This transaction is part of a larger trend starting October 11, where the holder has exchanged over...

Market News
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4 hours ago
Falling Tether supply signals potential liquidity squeeze threatening Bitcoin's price recovery.

Falling Tether supply signals potential liquidity squeeze threatening Bitcoin's price recovery.

Tether's USDT supply dropped by nearly $1 billion in mid-October 2026, creating a liquidity gap as Bitcoin tries to rebound toward $83,000. This shrinking stablecoin supply means less fresh capital is available to support Bitcoin's price rise, making...

Market News
Bearish
4 hours ago
Avalanche (AVAX) holds near $9.50 support amid October decline, with key levels at $8.50 and $10 ahead.

Avalanche (AVAX) holds near $9.50 support amid October decline, with key levels at $8.50 and $10 ahead.

Avalanche (AVAX) traded around $9.74 on October 21, showing slight gains but continuing its downward trend from October after peaking above $11.50 in late September. Analysts highlight near-term support between $9.50 and $9.60, with broader support z...

Technical Signals
Neutral
5 hours ago
Bitcoin rises 2.9% to $83,802 as major cryptos gain; total market cap dips slightly to $2.81T

Bitcoin rises 2.9% to $83,802 as major cryptos gain; total market cap dips slightly to $2.81T

Bitcoin increased by 2.9% to $83,802, with other major cryptocurrencies like XRP, Dogecoin, Ether, Solana, and BNB also posting gains. XRP led the top six assets with a 5.03% rise, while the total crypto market capitalization slightly decreased by 0....

Market News
Bullish
6 hours ago
Monero, Venice Token, and PHALA rise as Bitcoin and Ether fall, showing mixed crypto market trends.

Monero, Venice Token, and PHALA rise as Bitcoin and Ether fall, showing mixed crypto market trends.

Over the week ending Oct. 21, Monero (XMR), Venice Token (VVV), and PHALA (PHA) saw price gains while Bitcoin (BTC) and Ether (ETH) declined, indicating a split in the crypto market. XMR traded near $598, VVV rose about 12% to $25.70, and PHA increas...

Market News
Neutral
7 hours ago
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