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Bitcoin trades near USD 78,450, up 0.7% on the day, holding below USD 80,000.
US Bitcoin ETFs logged a second straight day of outflows ahead of Friday's CPI data.
Zcash has gained over 51% in seven days, leading the top ten by a wide margin.
Bitcoin traded near USD 78,450 heading into today's session. That price kept it comfortably below the USD 80,000 mark. Oil prices stayed elevated on continued US-Iran tensions in the Gulf.
Traders held cautious positions ahead of Friday's Consumer Price Index release. Ethereum and Solana posted modest gains alongside Bitcoin during the session. Zcash held its recent gains after a sharp multi-week rally. Total crypto market capitalization stayed close to USD 2.68 trillion today.
Bitcoin traded at USD 78,450.84, up 0.7% over the past 24 hours, per live CoinGecko data. Its market capitalization stood at USD 1.57 trillion. Trading volume over 24 hours reached USD 34.23 billion. Bitcoin has gained 1.5% over the past seven days.
Below is today's Daily Quote roundup from leading crypto market analysts on Bitcoin's near-term structure.
The CoinSwitch Markets Desk said BTC briefly touched USD 79,650 before pulling back. The bounce followed the US Treasury's USD 6 billion buyback of long-term bonds. Brent crude above USD 100 then dragged Bitcoin toward USD 78,000. The desk is now watching the 10-year Treasury yield for direction.
Mudrex Head of Business Prateek Gupta said Bitcoin consolidated near USD 78,000 after testing USD 80,000. The move tracked a parallel rise in gold during the latest Gulf escalation. He called this a shift in Bitcoin's response to geopolitical shocks. Gupta expects a range between USD 77,000 and USD 79,000 into CPI.
Also Read: Building Trust in Digital Assets: Why Custody and Succession are Crypto's Next Big Test
WazirX founder Nischal Shetty pointed to a firm Greed reading of 70 on the Fear and Greed Index. Bitcoin dominance rose to 59.06% as capital rotated toward majors. Support sits near USD 77,000 to USD 77,500, with resistance at USD 80,000 to USD 82,000. Shetty flagged a daily golden cross as an early bullish signal.
Source: CoinGecko, prices as of today's session.
BNB led the top ten today, adding 3.9% on renewed exchange token demand. XRP followed with a 2.6% gain, while Solana rose 2.1% during the session. Zcash added a smaller 1.1% today after its sharp seven-day run past 51%. No coin in the top ten posted a decline over the past 24 hours.
US spot Bitcoin ETFs recorded net outflows of USD 120.24 million on September 9. That marked a second consecutive session of withdrawals from the group. Ark Invest's ARKB led redemptions with USD 77.98 million pulled out. BlackRock's IBIT also shed USD 19.53 million during the same session.
Morgan Stanley's MSBT bucked the trend, adding USD 4.49 million in fresh inflows. Desks say the pullback follows a strong run earlier in September. Total Bitcoin ETF assets remain near USD 99.5 billion despite the recent slowdown. Traders expect flow direction to firm up once CPI data lands.
Iran's central bank has reportedly eased foreign currency rules for exporters this week. Businesses can now settle overseas earnings using Tether and Bitcoin through local exchanges. The shift comes as tightening US sanctions restrict access to formal banking channels.
Analysts see this as a sign of crypto's growing role in sanctioned economies. It adds a fresh geopolitical layer to Bitcoin's price narrative this week. Traders are watching whether similar patterns emerge in other restricted markets soon.
Zcash has gained more than 51% over the past seven days, leading all major coins. The rally followed Grayscale's conversion of its Zcash Trust into a spot ETF on NYSE Arca.
Rising shielded pool adoption and steady mining demand have supported the broader move. The privacy coin segment remains the standout performer among major categories so far this year.
The Senate is scheduled to hold a procedural vote on the CLARITY Act on September 15. A 60-vote threshold is needed to keep the crypto market structure bill alive.
Republicans and crypto-friendly Democrats remain split over an ethics provision central to the bill. A failed vote would leave the legislation without a clear path forward this year.
The US Treasury's buyback of long-term bonds briefly lifted yields earlier this week. The move added a fresh variable to Bitcoin's broader macro backdrop.
Traders are watching the 10-year yield closely, with a move above 5% seen as a risk. A calmer yield path could support a fresh push toward USD 80,000.
The August Consumer Price Index report due Friday stands as this week's key catalyst. Economists expect the data to shape rate expectations ahead of the Fed's meeting.
A softer print could ease yields and support a move toward USD 82,000. A hotter reading risks reinforcing hawkish bets and pulling Bitcoin back toward USD 77,000.
Also Read: Coinbase vs CoinDCX: Fees, Features, Crypto Trading Options Compared
Friday's CPI report carries the most weight for Bitcoin's next move this week. A soft print could ease yields and open a path toward USD 82,000. A hot number risks reinforcing hawkish bets and pressuring prices lower.
The CLARITY Act vote on September 15 adds a second layer of uncertainty. Two straight days of Bitcoin ETF outflows suggest institutional demand has cooled slightly. Desks recommend disciplined position sizing over leverage until both catalysts pass.
1.What is the Bitcoin price today?
Bitcoin trades near USD 78,450.84, up 0.7% over the past 24 hours, according to live CoinGecko data. Support holds near USD 77,000, while resistance sits close to USD 80,000 across major trading desks this week.
2.Why is Friday's CPI report important for crypto today?
The CPI print will shape expectations for the Federal Reserve's next rate decision. A cooler-than-expected reading could ease yields and support Bitcoin, while a hotter print risks reinforcing hawkish rate hike bets across markets.
3.What is the biggest crypto news today?
Today's biggest headlines include a second straight day of Bitcoin ETF outflows, Iran easing currency rules to use crypto, Zcash holding its rally, and the CLARITY Act's pending Senate vote on September 15.
4.Which coins are performing best today?
BNB leads the top ten with a 3.9% daily gain, followed by XRP and Solana, both posting gains above 2%. No coin in the top ten declined over the past 24 hours today.
5.What should investors watch this week?
Track Friday's CPI report, the CLARITY Act's Senate vote, Bitcoin ETF flow trends, and any fresh developments in the US-Iran situation this week.
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