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Crypto Market Continues to Decline: Bitcoin Falls Below $77,000, ZEC Drops Over 13% in 24 Hours

On September 11, ahead of the U.S. CPI release on Friday, the bond market has already taken action. The yield on the 10-year U.S. Treasury rose to 4.943%, with the probability of a Fed rate hike next week increasing to 71%. Rising oil prices and inflation pressures have led the market to worry that the Federal Reserve may tighten again. U.S. stock market investors are thus facing pressures from the bond market, stubborn inflation, war-driven oil prices, and uncertainties regarding the Fed's interest rate path. According to HTX market information, the crypto market continues to decline, with Bitcoin falling below $77,000, currently priced at $76,700. Ethereum is currently priced at $2,440, BNB at $710.5, and SOL at $99.03. ZEC is currently priced at $1,083, with a 24-hour decline of 13.6%. The total market capitalization of cryptocurrencies has decreased by 0.9% in the last 24 hours, now at $2.727 trillion. Notable altcoins include: Cowry with a 24-hour increase of about 39%, currently priced at $0.1074; SAGA with a 24-hour increase of about 27%, currently priced at $0.01793; RAY with a 24-hour increase of about 16%, currently priced at $1.451; IOST with a 24-hour decrease of about 46%, currently priced at $0.000991; RVN with a 24-hour decrease of about 23%, currently priced at $0.0023; and KAT with a 24-hour decrease of about 20%, currently priced at $0.00485. According to BIT (bit.com) market data, U.S. stocks closed lower on Thursday, with the Dow Jones down 0.6%, the S&P 500 down 0.58%, and the Nasdaq down 0.65%. Nvidia (NVDA.O) fell 2.2%, Intel (INTC.O) fell 5.5%, SK Hynix (SKHY.O) fell 5.2%, and Apple (AAPL.O) rose 3.5%. Spot gold fell nearly 2%, while silver dropped over 5%. Oil prices surged over 6% on Thursday, with both U.S. and Brent crude futures rising above $100 per barrel.

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