Bitcoin Retreats to $76,000 Range on U.S. Inflation Shock

Bitcoin slid from the $80,000 level to the $76,000 range as unexpectedly strong U.S. inflation data rattled digital asset markets. Major altcoins followed suit, with selling pressure spreading across the broader cryptocurrency complex.

According to CoinMarketCap, as of 8:45 a.m. on the 14th, Bitcoin was trading at $76,824 (approximately 100 million won), down 0.53% over the past 24 hours. The decline snapped a recent pattern of oscillation around the $80,000 mark.

At the same time, Solana fell 2.14% to $99.59 (approximately 130,000 won), while XRP (Ripple) dropped 1.77% to $1.34 (approximately 1,800 won). BNB also traded 1.49% lower at $716.28 (approximately 960,000 won).

The immediate trigger for the sell-off was the U.S. August inflation report. The U.S. Department of Labor reported that core CPI—which excludes volatile food and energy prices—rose 0.3% month-over-month, exceeding the 0.2% gain economists had forecast. The hotter-than-expected reading was interpreted as a signal that inflationary pressures remain stubbornly persistent.

With inflation coming in above expectations, the probability of a Federal Reserve rate hike surged. Federal funds futures markets now price in an 86.5% chance that the Fed will raise its benchmark rate—a jump of 14.1 percentage points from the prior trading day.