{
  "id": 6652651,
  "title": "Bitcoin dips to $77.1k as PPI data boosts Fed rate hike bets, oil prices jump",
  "url": "https://urgent.news/2026/09/10/bitcoin-dips-to-77-1k-as-ppi-data-boosts-fed-rate-hike-bets-oil",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-10T21:43:48.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/cryptocurrency-news/bitcoin-down-to-783k-on-iran-jitters-higher-yields-4894954"
  },
  "original_language": "en",
  "account": "Bitcoin experienced a dip to $77,189.8 on Thursday, influenced by heightened oil prices and mixed U.S. producer inflation data, which increased expectations of Federal Reserve rate hikes and surged Treasury yields. Investors focused on the August U.S. producer price index (PPI) report, which showed a slight increase of 0.4% month-over-month and 5.4% year-over-year in headline PPI, surpassing expectations of 0.4% and 5.3%, respectively. The revised July figures were adjusted upward to 0.1% month-over-month and 4.8% year-over-year. The core PPI rose 0.2% month-over-month and 4.6% year-over-year, aligning with market predictions. This report, issued a day before the consumer price index (CPI), highlighted a sturdy U.S. labor market and inflationary pressures, prompting the Federal Open Market Committee (FOMC) to potentially tighten monetary policy. As a result, the probability of a quarter-point rate increase by the FOMC on September 16 rose to nearly 72%, up from 64% before the PPI announcement. Consequently, speculative assets, like cryptocurrencies, suffered, as Wall Street declined while U.S. Treasury yields climbed. Oil prices surged further, climbing past $100 a barrel for the first time since May 21, driven by renewed military action between the U.S. and Iran over the Strait of Hormuz. Coinbase CEO Brian Armstrong expressed optimism about Bitcoin's current cycle, anticipating a price increase following the next halving event. Meanwhile, Hunter Biden's LAPTOP memecoin saw its value plummet nearly 99% within an hour post-launch on Base. Other major cryptocurrencies such as Ether, XRP, BNB, Cardano, and Solana also experienced a decline in value.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Financial Post",
        "title": "What a Fed rate hike actually means for the U.S. economy and inflation",
        "url": "https://urgent.news/2026/09/10/what-a-fed-rate-hike-actually-means-for-the-u-s-economy-and-inflation",
        "published": "2026-09-10T20:14:10.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Gold falls below $4,350 as rising oil prices, US PPI reinforces Fed hike bets",
        "url": "https://urgent.news/2026/09/10/gold-falls-below-4-350-as-rising-oil-prices-us-ppi-reinforces-fed",
        "published": "2026-09-10T23:36:31.000Z"
      },
      {
        "outlet": "CoinDesk",
        "title": "Bitcoin below $77,000, Zcash leads losses as traders bet on a Fed rate hike",
        "url": "https://urgent.news/2026/09/11/bitcoin-below-77-000-zcash-leads-losses-as-traders-bet-on-a-fed-rate",
        "published": "2026-09-11T04:46:15.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}