Why Is Bitcoin Dropping Today?
Bitcoin prices declined to $77,300 on September 12 following strong August Consumer Price Index data, which increased Polymarket odds of a September 16 Federal Reserve rate hike to 83%. Throughout the week, US Bitcoin spot exchange-traded funds experienced four consecutive outflows, while long-term holders sold 539,000 BTC within the $77,000 to $80,000 range, creating a persistent supply issue. Should the price fall below $76,500, Bitcoin may slide further between $72,000 and $74,000.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
