Bitcoin slipped below the $77,000 mark on Monday, erasing roughly 5% of its value for the week, as fresh U.S. inflation data stoked expectations of a Federal Reserve rate hike nearing 70%. The decline came after the Consumer Price Index (CPI) and Producer Price Index (PPI) releases showed price pressures that exceeded most forecasts, prompting investors to reassess risk‑on positions across both crypto and traditional markets.
Inflation data and Fed expectations
According to CoinDesk, the August CPI print and a PPI surprise at 5.4% lifted the odds of a June rate increase to between 60% and 74%, depending on the outlet. Yahoo Finance highlighted a range of scenarios, projecting that a sustained CPI rise could keep Bitcoin trapped between $76,000 and $83,000 until the Fed’s next decision. Meanwhile, Moomoo noted that higher Treasury yields and a rebound in oil prices added further pressure on risk‑sensitive assets.
Crypto market reaction
Bitcoin’s slide pulled the broader cryptocurrency market down. CoinDesk reported that 95 of the CoinDesk 100 index fell in the past 24 hours, with Zcash plunging 10% and XRP tumbling more than 20% on heightened rate‑hike expectations. Investing.com observed that Ethereum and other top‑ten tokens also posted double‑digit weekly losses. The sell‑off triggered roughly $386 million in liquidations, according to Bitget, underscoring the depth of the market’s risk aversion.
"Bitcoin sank below $77,000, marking its fourth consecutive decline, as U.S. inflation data lifted expectations of a Federal Reserve rate hike to around 70%," CoinDesk wrote.
Technical outlook
Technical analysts said the cryptocurrency is testing a key support zone between $76,000 and $77,000. After the initial drop, Bitcoin briefly clawed back to $77,300, but the rally stalled as the “supertrend” indicator turned bearish, CoinDesk noted. Investing.com warned that a break below $76,000 could open the door to a deeper correction toward the $73,000‑$74,000 region, while a bounce above $78,000 might restore momentum.
Beyond inflation, external factors compounded the pressure. A spike in oil prices, reported by Moomoo, lifted energy‑sector costs and fed into broader market anxiety. Simultaneously, heightened geopolitical tension after a U.S.–Iran incident, cited by Investing.com, nudged investors toward safer assets such as gold, which also slipped alongside Bitcoin, according to FXStreet.
Looking ahead, market participants are watching the Federal Reserve’s June meeting closely. JPMorgan and other Wall Street banks, as reported by Yahoo Finance, expect the Fed to keep rates higher for longer if inflation remains sticky, a scenario that could keep crypto in a defensive posture. Nonetheless, some analysts argue that the market may find a floor near $75,000, especially if the CPI data later in the week comes in cooler than expected.
For both crypto‑savvy traders and mainstream investors, the episode underscores how intertwined digital assets have become with macroeconomic signals. As long as inflation remains above target and the Fed’s policy path stays uncertain, Bitcoin and its peers are likely to remain vulnerable to further downside pressure.
Market Snapshot
| Asset | Price | 24h | Market Cap |
|---|---|---|---|
 Bitcoin BTC | $76,787 | -1.52% | $1542.0B |
 Ethereum ETH | $2,455 | -0.42% | $299.5B |
 BNB BNB | $711 | -1.01% | $94.6B |
 XRP XRP | $1.33 | -3.83% | $83.3B |
 Solana SOL | $98.82 | -2.40% | $57.9B |
 Dogecoin DOGE | $0.0831 | -2.47% | $13.0B |
 Cardano ADA | $0.201 | -5.51% | $7.5B |
Live data: CoinGecko — 2026-09-11 11:20 UTC
