Bitcoin Falls Below $77,000 as Oil Prices Surge

Bitcoin

The price of Bitcoin fell by 3.64% during the week of 4–11 September 2026. The cryptocurrency with the largest market capitalisation dropped below $77,000. Four consecutive trading sessions, from Monday to Thursday, ended in the red, according to bits.media.

Bitcoin is falling again due to international tensions. The US and Iran continue to exchange blows and disrupt shipping in the Strait of Hormuz, whilst the Yemeni Houthis are attacking targets in Saudi Arabia and blocking the Bab el-Mandeb Strait. The price of Brent crude oil has jumped to $105 for the first time since May. This situation is fuelling inflation and reducing the likelihood of a cut in the key interest rate at the next meeting of the US Federal Reserve, scheduled for Wednesday, 16 September.

The US Department of Labour has released the Producer Price Index (PPI) figures for August. The index, which tracks wholesale price trends, rose by 0.4 per cent compared with July, in line with the consensus forecast. The core index, which excludes volatile food and energy prices, rose by 0.2 per cent, outperforming expectations. The picture is less favourable for the year-on-year PPI. The headline PPI rose by 5.4 per cent, whilst the consensus forecast had predicted 5.3 per cent. The 4.6 per cent rise in the core PPI was in line with expectations.