Huoxing Finance reports: On Friday, September 11, ahead of the U.S. CPI release, bond markets moved first. The 10-year U.S. Treasury yield rose to 4.943%, and the probability of a Fed rate hike next week increased to 71%. Rising oil prices and persistent inflation pressures have fueled market concerns that the Fed may re-tighten monetary policy. U.S. stock investors now face simultaneous pressures from bond market volatility, stubborn inflation, war-driven oil price spikes, and uncertainty around the Fed’s interest rate trajectory. According to market data, the crypto market continued its correction: Bitcoin fell below $77,000 and is currently trading at $76,700; Ethereum is at $2,440; BNB at $710.50; SOL at $99.03. ZEC is trading at $1,083, down 13.6% in 24 hours. The total crypto market cap declined 0.9% over 24 hours to $2.727 trillion. Top gainers and losers among altcoins include: - $BULL: up ~39% in 24 hours, trading at $0.1074 - $SAGA: up ~27% in 24 hours, trading at $0.01793 - $RAY: up ~16% in 24 hours, trading at $1.451 - $IOST: down ~46% in 24 hours, trading at $0.000991 - $RVN: down ~23% in 24 hours, trading at $0.0023 - $KAT: down ~20% in 24 hours, trading at $0.00485 According to BIT (bit.com) market data, U.S. equities closed lower on Thursday: the Dow Jones fell 0.6%, the S&P 500 dropped 0.58%, and the Nasdaq declined 0.65%. NVIDIA (NVDA.O) fell 2.2%, Intel (INTC.O) dropped 5.5%, SK Hynix (SKHY.O) slid 5.2%, while Apple (AAPL.O) rose 3.5%. Spot gold declined nearly 2%, and silver fell over 5%. Oil prices surged more than 6% on Thursday, with both U.S. and Brent crude futures rising above $100 per barrel.
Crypto market continues correction, Bitcoin falls below $77,000, ZEC drops 13.6% in 24 hours
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Summary
The crypto market continued its decline on September 11, with Bitcoin dropping below $77,000 to $76,700. Ethereum fell to $2,440, BNB to $710.5, and ZEC lost 13.6% in 24 hours to $1,083. The total market cap decreased 0.9% to $2.727 trillion. Among altcoins to watch, IOST fell 46%, while RAY rose 16%.
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