Bitcoin Slips Under $77,000 as High US PPI, Oil Drive Risk Assets Lower

Cryptocurrencies dropped sharply in 24 hours due to macroeconomic concerns, including ECB rate hikes, U.S. producer price inflation, rising oil prices, and bond yield surges. Bitcoin fell 2%, trading at $77,335.30, while Ethereum declined 2.2% to $2,443.75. The overall crypto market cap fell to $2.61 trillion. Bitcoin and Ethereum ETFs saw mixed flows, with Bitcoin ETFs experiencing outflows.

Liquid Network, a Bitcoin sidechain by Blockstream, was exploited on September 6, 2026, draining approximately 4,000 BTC ($320M) due to a software vulnerability. The attacker claimed to be a white-hat hacker, returning 3,400 BTC but keeping 598.5 BTC ($47M). The incident raises concerns about the security and trust model of Liquid Network, with critics questioning the attacker's white-hat status and the long-term viability of the platform.

Crypto market cap fell 3% to $2.71T. Bitcoin held steady at $77,285.98, while Ethereum, XRP, and Solana dropped 3-5%. Hotter-than-expected US PPI data and ECB rate hike triggered selloff. Oil prices surged above $99/barrel. Treasury Secretary warned markets. Macro pressures drove broader market declines.

Bitcoin (BTC) fell below $77,000 due to higher-than-expected US PPI inflation data at 5.4% in August. Middle East strikes pushed WTI crude oil over $100 per barrel. The US 30-year bond yield hit a 19-year high at 5.353%, despite a $6 billion Treasury buyback. Markets anticipate a 69.8% chance of a Fed rate hike in September.

Bitcoin (BTC) fell to $77,000 as September Fed rate-hike odds rose to 74% following August PPI data. Altcoins like XRP, Stellar, and Dogecoin aim to extend September gains, but face resistance. Trezor and BitBox warned of phishing scams. XRP ETFs saw $1.55M inflows on September 8, while Bitcoin, Ethereum, and Solana funds had outflows.

The SEC approved a Nasdaq Texas rule change on September 3, naming Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP (XRP) as examples in a new listing standard for commodity-based trusts. The change does not declare these cryptocurrencies as commodities under federal law but adjusts listing requirements, allowing up to 15% of a trust's holdings to be in non-qualifying assets and permitting active management strategies. This could facilitate more diversified crypto ETFs.