Bitcoin sinks below $77,000 for fourth straight session as inflation, oil and Fed fears mount

Investors should remain measured. Bitcoin holding $75,700 keeps the recovery structure intact, but sustained ETF outflows and a hawkish Fed repricing could expose $71,800, says analyst.

• Bitcoin fell for 4th session, now around $76,864.
• US inflation, Middle East tensions, crude prices hurt Bitcoin.
• Fed rate decision, ETF outflows, CPI report are key factors.

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Bitcoin fell sharply in the early trade on September 11, extending its decline for the fourth straight session, with prices hovering just above $76,864 (08:23 IST), down 1.83 percent over the past 24 hours, and 4.77 percent over the week amid hotter US inflation data and rising Middle East tensions.

Rising crude prices also pressured broader risk assets. Attention now shifts to the Fed’s September rate decision next week.

“The crypto market is seeing some profit-taking, with total market cap down 1.33 percent to $2.62 trillion, ahead of today’s CPI inflation report. If the numbers come in higher than expected, the Federal Reserve will likely raise interest rates next week to cool down the economy. Higher interest rates make safer investments like bonds more attractive, which usually hurts assets like crypto. However, if inflation turns out to be lower than expected, it could spark a quick relief rally," Nischal Shetty, founder of WazirX, said.