Bitcoin Faces Pressure as Yields and Oil Rise Before U.S. Inflation Data
Bitcoin may remain vulnerable as rising yields and oil prices shape market sentiment ahead of the U.S. inflation report, according to CoinDesk’s Sept. 11 market preview.
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Bitcoin may remain vulnerable as rising yields and oil prices shape market sentiment ahead of the U.S. inflation report, according to CoinDesk’s Sept. 11 market preview.
Bitcoin has pulled back following another golden cross. CoinDesk reports that the signal may support the longer-term outlook, while historical patterns indicate much of the upside often arrives before the crossover appears.
Bitcoin’s rally has cooled amid an inflation-driven selloff, but its chart is nearing a golden cross—the first potential shift of this kind since November, according to Decrypt.
Long-term U.S. Treasury yields rose despite a $6 billion buyback, with persistent debt concerns and higher oil prices continuing to pressure global bond markets, CoinDesk reported.
Bitcoin is trading near $78,000 as markets weigh potentially underpriced macro risks. CryptoSlate points to CPI data, central-bank developments and oil-market moves as factors that could determine whether BTC breaks its current range.
Bitcoin traded near $78,000 while Brent crude rose above $102 and gold fell below $4,400. Treasury yields climbed further, and technology futures weakened, according to CoinDesk.
Bitcoin declined as the ECB raised rates and U.S. core PPI eased but stayed elevated. Treasury yields and oil prices also extended their rises, reaching new cycle highs on Thursday.
Dogecoin fell 5% to lead losses among major cryptocurrencies, while BNB declined about 4% and XRP lost 3%. Bitcoin held the $78,000 level as higher oil prices pushed Treasury yields to their highest since late 2023.
Dogecoin fell 5% to lead losses among major cryptocurrencies, while BNB dropped about 4% and XRP 3%. Bitcoin held the $78,000 level as oil prices pushed Treasury yields to their highest since late 2023.
Prediction markets are favoring higher oil prices after Brent moved above $100. Myriad’s $120 outcome overtook its $55 side in early September, while Polymarket assigns WTI a 59% chance of reaching $100 this month.
Silvergate former CEO Alan Lane blamed what he called a Biden administration “coordinated attack” for making continued operations untenable and prompting the bank’s liquidation in 2023, according to Cointelegraph.
Bitcoin is defending its “golden zone” support while the S&P 500 trades in a tight range. An oil shock has revived Fed hike expectations, with Friday’s inflation report due before the September 16 rate decision.
Brent reached $99.46 after reported Saudi energy disruptions, putting oil and inflation in focus ahead of Friday’s August CPI report. CryptoSlate highlighted renewed downside risk for Bitcoin, including a possible move below $80,000.
Bitcoin fell with US stocks at Tuesday’s Wall Street open as Cointelegraph highlighted $78,300 as a key BTC support level. US crude oil meanwhile climbed to a three-month high.
Bitcoin fell below Friday’s post-jobs-report low as oil and copper moved higher. Copper reached a new record, with supply shortages colliding with rising demand tied to artificial intelligence.
CoinDesk reports that Bitcoin’s daily chart has triggered a golden cross, a technical signal indicating the potential for a longer-term bullish trend in the cryptocurrency.
CoinDesk says Bitcoin has shown a smaller reaction than gold when Treasury yields move. The Sept. 7 briefing also flags Chainlink and the MOVE index as related assets, without providing yield levels or price data.
Bitcoin is meeting a sell wall near $83,000 as all wallet cohorts move into net distribution for the first time since early June. A potential golden cross provides a positive technical signal for bulls.