Bitcoin News
By Steven Anderson
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Oil Above $100, Yields at Multi-Decade Peaks. WTI crude blew past $100 per barrel for the first time since May 2021.
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Fed Rate Hike Odds Jump Overnight. The US Producer Price Index for August came in at 5.4% year-on-year, slightly above expectations.
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ECB Moves Too, Adding Global Pressure. It's not just the Fed. The European Central Bank raised its rates by 0.
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Bitcoin slipped under $77,000 Thursday morning as Wall Street opened and US bond yields surged to levels nobody's seen in close to two decades. Not a great day for risk assets.
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The drop didn't happen in a vacuum. Oil prices are climbing hard, Middle East tensions are keeping traders on edge, and the Federal Reserve is staring down a rate decision that…
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WTI crude blew past $100 per barrel for the first time since May 2021. Brent crude came close to a 16-week high, touching over $105 per barrel.
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Bond yields told an even wilder story. The 30-year US Treasury yield hit 5.353% — a peak not seen since June 2007. The 10-year yield climbed to 4.924%, its highest since late 2023.
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Higher yields make borrowing more expensive for everyone — governments, businesses, consumers. And they pull money out of speculative assets.
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The Consumer Price Index report is due Friday. It's the last major inflation print before the Federal Reserve sits down to make its rate call.
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Related: Trumps $5,000 Dividend Proposal Fails to Move Bitcoin from $77,700 Range
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The Federal Reserve's September 16 meeting is now a serious focal point. Traders are repositioning. International investors are watching.
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Meanwhile, the US Bureau of Labor Statistics added another data point into the mix: prices for final demand excluding food, energy, and trade services rose 0.
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It's not just the Fed. The European Central Bank raised its rates by 0.25% — its second hike of 2026.
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For crypto, the double pressure from both the Fed and ECB tightening at the same time isn't great.
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Investors are adjusting positions in real time. Some are probably moving into cash or short-duration bonds — assets that actually benefit from higher rates.
The Currency Analytics
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