Bitcoin Falls Below $79,000 Ahead of US Inflation Data. Here’s What’s Weighing on Crypto
Liquidation clusters near $78,000 and weaker capital flows are raising the risk of a drop toward $76,000, analysts said.
- Bitcoin fell below $79,000 on Tuesday, Sept. 8, 2026, as weakening capital flows and nearby liquidation clusters increased the risk of a deeper pullback toward $76,000.
- The Bureau of Labor Statistics reported 162,000 new nonfarm payrolls in August, with unemployment at 4.1%, giving the Federal Reserve more room to keep borrowing costs elevated and weighing on non-yielding assets like Bitcoin.
- Analyst Haris observed the Chaikin Money Flow reading fell to-0.10, indicating capital is leaving Bitcoin, while the former $79,500 support area turned into resistance, confirming loss of short-term momentum.
- Bitcoin remains caught between long liquidations around $78,000 and short liquidations above $80,500, with a decline through the lower cluster potentially exposing liquidity around $77,500.
- Inflation remains above the Federal Reserve's 2% objective, with the PCE price index rising 3.7% in July, as traders watch the next policy meeting scheduled for Sept. 15-16.
13 Articles
13 Articles
Bitcoin price risks $76K drop as $78K support weakens
Bitcoin price fell below $79,000 on Sept. 8 as weakening capital flows and nearby liquidation clusters increased the risk of a deeper pullback toward $76,000. Bitcoin price falls below $79,000 According to data from crypto.news, Bitcoin (BTC) price traded at…
The Economic Times
Times of IndiaBitcoin falls below $79,000 ahead of US inflation data. Here’s what’s weighing on crypto
Bitcoin fell below $79,000 as strong US employment data revived expectations of tighter Federal Reserve policy. Rising oil prices and US-Iran tensions added inflation concerns ahead of US data, while institutional ETF inflows offered support despite weakening short-term momentum and cautious sentiment.
Bitcoin slips under $79,000, Zcash leads losses as Fed hike odds hold near 60%
Bitcoin Price Loses Steam as Bears Circle Critical $78K Floor
Bitcoin’s price was trading between $78,060 and $78,500 on Tuesday morning around 8 a.m. EDT, after pulling back from the $80,537 area, leaving short-term sellers with an edge even as longer-term technical measures remained constructive. The split leaves bitcoin’s price walking a tightrope between support around $78,170-$78,193 and resistance stretching from roughly $78,430 to $80,537. […]
Cryptocurrencies fall to $78,000 while investors raise the probability of a rate rise in September to 58.7% and US debt again offers returns close to 5%.
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
