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Bitcoin fell to $77,300 on September 12, as hot August CPI data boosted Federal Reserve rate hike expectations, and spot ETFs saw net outflows for four consecutive days.
Yahoo Finance analysis indicates that Bitcoin fell to $77,300 on September 12, primarily due to three factors: the August core CPI data, released on September 11, exceeded expectations, pushing market bets on a Federal Reserve rate hike on September 16 to 83%; US spot Bitcoin ETFs experienced net outflows for the fourth consecutive trading day, with $13.29 million flowing out on September 11; and long-term holders sold 539,000 Bitcoins in the $77,000 to $80,000 range, creating a stubborn supply barrier. Additionally, Brent crude oil prices breaking above $100 per barrel on September 9 also contributed to the higher August CPI data.
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Source：Yahoo财经 · Source Link
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