Bitcoin consolidates near $78,000 as investors await key US inflation, Fed cues

Benchmarks Nifty23,142.00144.66FEATURED FUNDS★★★★★UTI Aggressive Hybrid Fund Regular Plan-Growth5Y Return8.69 % Invest NowFEATURED FUNDS★★★★★Motilal Oswal Midcap Fund Direct-Growth5Y Return18.78 % Invest NowEnter search text:

The Economic Times daily newspaper is available online now. Read Today's Paper Bitcoin consolidates near $78,000 as investors await key US inflation, Fed cuesBy Surbhi Khanna, ET OnlineLast Updated: Sep 10, 2026, 04:30:00 PM ISTSynopsis

Bitcoin traded near the $78,000 mark on Thursday as investors awaited key US inflation data and the Federal Reserve’s September 16 rate decision. The cryptocurrency remained range-bound amid macroeconomic uncertainty, while Ethereum and major altcoins also declined. Analysts said upcoming economic data and geopolitical tensions could determine the market’s next move.

Listen to this article in summarized format

Loading...×Bitcoin consolidated near the $78,000 mark on Thursday as the upcoming U.S. CPI data and the Federal Reserve’s rate decision have become the key near-term catalysts. The cryptocurrency was trading at $77,942 mark.

In the past 24 hours, Bitcoin was down 1.35%, and Ethereum was down 1.09% to trade at the $2,467 mark. Among the major altcoins, BNB, XRP, Solana, Hyperliquid, Dogecoin, and Cardano corrected up to 5.98%, and Tron was up 0.32%.

Also Read |Enviro Infra Engineers shares rise 5% on Rs 224 crore wind EPC order from Tata Power RE

Crypto TrackerTOP COINS (₹) Ethereum231,470 (2.37%)BNB69,117 (0.72%)XRP126 (0.62%)Bitcoin7,776,744 (0.45%)Tether95 (-0.08%)Avinash Shekhar, Co-Founder & CEO, Pi42 said Bitcoin’s current consolidation near $78,000 reflects a market waiting for clarity rather than a loss of conviction and after Bitcoin’s sharp recovery from the July lows, this pause is a natural part of the market finding its next direction.

The bigger takeaway is that macroeconomic data could determine the direction of the next move across the crypto market, Shekhar further said.

Live Events

The global crypto market capitalisation edged down 1.87% to $2.66 trillion, according to CoinMarketCap. The crypto fear and greed index has slightly risen to 73, while sentiments have turned to greed, said the CoinDCX Research Team.

CoinSwitch Markets Desk said BTC briefly moved up to $79,650, but U.S.-Iran tensions pushed Brent crude above $100, pulling BTC back toward $78K. The reaction has been relatively muted compared with August, when Treasury buybacks helped drive a stronger BTC rally.

Over the past week, Bitcoin and Ethereum were up 0.45% and 3.10% respectively. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin and Cardano rallied upto 4.02%.

Here is what other experts say

Prateek Gupta, Head of Business, Mudrex: Bitcoin is consolidating around the $78,000 range after briefly rising near the $80,000 mark, tracking a rise in gold prices. Looking ahead, markets will focus on the US’ August Producer Price Index and Consumer Price Index releases this week for signals on the direction of the Federal Reserve’s rate decision on September 16

Riya Sehgal, Research Analyst, Delta Exchange: Crypto remains cautious and range-bound, with macro conditions driving most of the pressure. Bitcoin failed to hold its move toward $79.7K and is back near $78.4K, while Ethereum has slipped below $2,500 but continues to show better relative strength.

Also Read | Dilip Buildcon shares rally 12% on bagging Rs 1,800 crore LPG pipeline project

Nischal Shetty, founder, WazirX: Bitcoin is holding around $78K, with $77K–$77.5K emerging as near-term support and $80K–$82K as the key resistance zone. Ethereum remains above the $2,350–$2,400 support band, while $2,500–$2,565 could act as the immediate resistance range

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Add as a Reliable and Trusted News Source Add Now!
(You can now subscribe to our ETMarkets WhatsApp channel)
Read More News onBitcoin priceBitcoin todayBitcoin $78000Bitcoin crypto marketEthereum priceUS CPIFederal Reserve rate decisioncryptocurrency market

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

...moreless
(You can now subscribe to our ETMarkets WhatsApp channel)
Read More News onBitcoin priceBitcoin todayBitcoin $78000Bitcoin crypto marketEthereum priceUS CPIFederal Reserve rate decisioncryptocurrency market

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

...morelessPrime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition

• US mid-term elections – Part 2: What does it mean for Trump to lose control of Congress?

• The ABCD of the US mid-term elections – Part 1: Why it matters across the globe

• Curbing rupee bets: What the RBI’s new rules mean for the hedge-now-or-wait question

• Brinjal, buffalo, bacteria: Inside India’s pay-for-nature system

• Homebuyers wait as NCLT panel picks holes in unfinished Jaypee projects

• The NBFC saga - Part 3: How one default in 2018 changed the way RBI reads risk

• 1
• 2
• 3

View all StoriesContinue reading with one of these options:Limited AccessFreeLogin to get access to some exclusive stories
& personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions &
in-depth stock reportsSubscribe NowET

Unlock Access to All Exclusives with ETPrime FREE TRIAL

15 Days Free: Unlock All ETPrime Exclusives, Market Tools & ePapers

Trial offer expiring in00 : 05 : 00

I'd rather pay ₹2599 now

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Prime Account Detected!

It seems like you're already an ETPrime member with

Login using your ET Prime credentials to enjoy all member benefits

Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits.

Unlock ETPrime's Exclusive Stories Today!

Big Price Drop! Flat 40% Off

Student Only OfferAlready a Member? Sign In nowAlready a Member? Sign In nowAlready a Member? Sign In now

Offer Exclusively For You

Save up to Rs. 700/-

ON ET PRIME MEMBERSHIP

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get Flat 40% Off

Then ₹ 1749 for 1 year

Avail Offer

Offer Exclusively For You

ET Prime at ₹ 49 for 1 month

Then ₹ 1749 for 1 year

Avail Offer

Special Offer

Get flat 40% off on ETPrime

Avail OfferAvail OfferClaim NowAlready a Member? Sign In now

Need Assistance?

Connect with an ETPrime expert for personalized support and guidance

+91 9484700004'; }); } if(listing) { var h3 = "You tried reading " + listArr.length + " locked stories in the past " + threshold + " days.", h4 = "Become an ET Prime member and don't miss out on these exclusive stories."; var html = '

' + h3 + '

' + h4 + '

' + listing + '

'; $('#paidSCWidget').html(html); var callback = $('#paidSCWidget').attr('data-callback'); if(callback && window[callback]) { window[callback](); } customDimension.dimension72 += ' | Shown SYFT no Trial_With Missed Paywalled Articles Collection'; } else { _processNormal() } } }); } else { _processNormal(); } } catch (e) { _processNormal(); } }, function () { _processNormal(); }); //console.log('storyCollectionLoad', $); }

What’s Included with

ETPrime Membership

1Exclusive Insights That Matter

Uncover the truth with our investigative stories

Make strategic moves using the real-world case studies

Read industry-specific stories to identify emerging trends

Spot opportunities with
in-depth insights that matter

• Trump temper on H-1B visas is forcing Indians to do these things to stay put in US

  What Adani’s US indictment means for India Inc’s overseas fundraising

• Why veterans like Reliance, L&T are on acquisition spree? Aswath Damodaran has an answer.

  Will China’s dollar bond sale in Saudi Arabia trump the US in financial world?

• Huawei launches its own OS to compete with Google and Apple. But can it win beyond China?

  The problem with lab grown diamonds

• Why a falling rupee is a better option for the economy

  A list of top 20 momentum stocks that have delivered massive returns in one year

2Invest Wisely With Smart Market Tools & Investment Ideas

Alpha Trade

Get daily trade ideas from SEBI-registered research analysts.

Investment Ideas

Grow your wealth with stock ideas & sectoral trends.

Stock Reports Plus

All-in-one stock research with Stock Score, peer comparison & key signals.

BigBull Portfolio

Get to know where the market bulls are investing to identify the right stocks.

Stock Analyzer

Check the score based on the company's fundamentals, solvency, growth, risk & ownership to decide the right stocks.

Market Mood

Analyze the market sentiments & identify the trend reversal for strategic decisions.

Stock Talk Live at 9 AM Daily

Ask your stock queries & get assured replies by ET appointed, SEBI registered experts.

3Stay informed anytime, anywhere with ET ePaper

ePaper - Print View

Read the PDF version of ET newspaper. Download & access it offline anytime.

ePaper - Digital View

Read your daily newspaper in Digital View & get it delivered to your inbox everyday.

Wealth Edition

Manage your money efficiently with this weekly money management guide.

TOI ePaper

Read the PDF version of TOI newspaper. Download & access it offline anytime.

Deep Explainers

Explore the In-depth explanation of complex topics for everyday life decisions.

Health+ Stories

Get fitter with daily health insights committed to your well-being.

Personal Finance+ Stories

Manage your wealth better with in-depth insights & updates on finance.

5Enjoy Complimentary Subscriptions From Top Brands

Stream new documentaries from all across the world every day.

Stories you might be interested in