{"id":13082,"date":"2026-09-11T02:51:25","date_gmt":"2026-09-11T02:51:25","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13082"},"modified":"2026-09-11T02:51:25","modified_gmt":"2026-09-11T02:51:25","slug":"bitcoin-tests-critical-76000-support-cluster-during-macro-energy-shock","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13082","title":{"rendered":"Bitcoin tests critical $76,000 support cluster during macro energy shock"},"content":{"rendered":"

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Bitcoin fell below $77,000 on Sept. 10 as oil rose above $100, and a global bond selloff pushed traders toward another Fed hike.<\/p>\n

BTC reached an intraday low of $76,676.07, Nasdaq 100 futures fell 0.7%, and the 10-year Treasury yield climbed to 4.93% while the 30-year touched 5.35%, its highest level in 19 years.<\/p>\n

The moves followed another acceleration in US producer prices and a renewed surge in crude, pushing rate markets to price in about a 76% chance of a quarter-point Federal Reserve increase next week.<\/p>\n

The complication is that the latest inflation reports capture little of oil’s most recent advance, leaving traders to price an energy shock before it fully appears in official data.<\/p>\n

Oil surge leaves inflation data chasing the market<\/h2>\n

Oil’s latest leg higher came after much of the August inflation data had already been collected, increasing the risk that current readings understate the price pressure now building through energy markets.<\/p>\n

West Texas Intermediate crude rose more than 4% to above $100 a barrel for the first time since May, while Brent climbed past $105 after escalating attacks on Middle East shipping routes renewed concerns about supply disruptions. Brent has risen more than 30% from its early-August lows.<\/p>\n

US producer prices rose 0.4% in August and 5.4% from a year earlier, up from a 4.8% annual increase in July. Core PPI increased 0.2% from the previous month, below the 0.3% forecast, but the softer underlying reading did little to halt the selloff in bonds.<\/p>\n

Joseph Brusuelas, RSM US LLP principal and chief economist, said the PPI sampling period ended Aug. 11, before the latest surge in crude, gasoline and diesel prices.<\/p>\n

Brusuelas estimated current diesel prices were equivalent to crude trading near $207 a barrel and said higher energy costs could begin feeding through wholesale prices and core inflation during September.<\/p>\n

He said the combination of inflation and energy prices strengthens the case for a Fed increase at its Sept. 15-16 meeting, with Friday’s consumer-price report likely to shape the final decision.<\/p>\n

The European Central Bank raised its deposit rate by 25 basis points to 2.5% on Sept. 10, its second increase this year, after the energy shock pushed euro-area inflation above 3%. The ECB now expects inflation to average 2.5% in 2027, up from its June projection of 2.3%.<\/p>\n

The decision reinforced a global repricing already visible in sovereign debt, as investors demand higher yields while central banks confront another energy-driven inflation impulse.<\/p>\n

Treasury yields approach another breaking point<\/h2>\n

The pressure shifted further into the bond market, where the 10-year Treasury yield moved toward 5% even after the government expanded an operation intended to improve liquidity in long-dated debt.<\/p>\n

The 30-year yield reached 5.35% ahead of a new Treasury auction later on Sept. 10. The rise came a day after the Treasury tripled the size of its next long-end buyback to as much as $6 billion.<\/p>\n

Brusuelas said the combination of inflation data, oil prices and global central-bank policy has put a near-term test of 5% on the 10-year yield \u201cin the immediate offing.\u201d He added that a hotter-than-expected CPI report on Sept. 11 could send it well beyond that level.<\/p>\n

The 30-year auction now provides the first immediate test of whether investors are willing to absorb additional duration at current yields. Brusuelas said the move in the long bond ahead of the sale suggested the issuance could face a difficult reception.<\/p>\n

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Related Reading<\/span><\/p>\n

Bitcoin may be leaving its 4-year cycle behind for a 6-to-8-year Wall Street rhythm<\/h3>\n<\/p>\n

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A weak auction could extend the selloff before the Sept. 10 inflation report, while stronger demand could give the market some relief from the surge in long-term borrowing costs.<\/p>\n