Bitcoin Slumps as ECB Hikes Rates and U.S. Core PPI Eases but Remains Hot

Bitcoin fell as markets absorbed a European Central Bank rate increase and a softer, though still elevated, reading for U.S. core producer prices, according to CoinDesk. The move came as broader market pressures intensified on Thursday, with Treasury yields and oil prices continuing to climb. Both markets reached new cycle highs during the session. The combination of higher interest rates, persistent producer-price pressure and rising energy costs formed the backdrop to the decline in Bitcoin. Brent and WTI were among the commodities highlighted in the market move, while the sell-off also affected other crypto assets tracked alongside Bitcoin, including CORE, HOT, ONT and ORE. CoinDesk reported the developments in a live market update published on September 10, 2026.