Bitcoin, Ethereum, XRP, Dogecoin fall after hotter PPI
Leading cryptocurrencies slid after August producer prices rose 5.4% year over year, above economists’ expectations. Bitcoin dipped below $77,000 and crypto-linked stocks also weakened.
Leading cryptocurrencies dropped further on Thursday after hotter-than-expected producer inflation trimmed investors’ risk appetite. m. 08357 Crypto Slide Continues Bitcoin dipped below $77,000 as selling pressure accelerated. Ethereum meandered in the $2,400 region, with volume spiking 10% over the last 24 hours.
Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ: MSTR ) and Bitmine Immersion Technologies Inc. 04%, respectively. Over $450 million was liquidated from the cryptocurrency market in the last 24 hours, with $359 million in bullish long positions alone evaporated, according to Coinglass data.
47% over the last 24 hours and more than 8% over the week. "Greed" sentiment prevailed in the market, according to the Crypto Fear & Greed Index. m. 37% in the past 24 hours.
85? Here's What Technical Analysis Says Stocks Close Lower for 3rd Straight Session Stocks extended the decline on Thursday. 66. 34.
8% reading. The hotter-than-expected print raised the odds of a rate cut at next week’s Fed meeting from 61% to 72% within 24 hours, according to the CME FedWatch tool. More Losses for Late BTC Buyers? Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, suggested that Bitcoin may not be the “biggest runner” for now, with more momentum expected in Ethereum.
He added that it’s a matter of time before ETH rises over $3,000. Also quite honestly, I don't think $BTC is the biggest runner. Most likely, we'll be seeing more momentum into $ETH. It's holding up strongly (as altcoins are in general).
Matter of time until this runs to $3,000+. com/jf9jEDqNE1 — Michaël van de Poppe (@CryptoMichNL) September 10, 2026 On-chain analytics firm CryptoQuant noted that retail’s “Greed” sentiment is being “surgically used” as exit liquidity “Whales and algorithms needed this euphoria to offload their lots, distributing coins onto the heads of late buyers,” the firm added. CryptoQuant anticipated more corrections for those who bought the top. com