Bitcoin slides to $77,941 ahead of inflation data

Bitcoin opened at $78,291.64 on Thursday, September 10, 2026. This represented a 0.2% decrease from the previous day's opening price. By 7:19 a.m. ET, the asset had retreated to $77,941.56. Ethereum opened at $2,467, down 0.7% from Wednesday. The price of ethereum slid to $2,464.92 during the same time window. These levels mark the lowest openings for both assets this week.

The market is currently holding firm despite the recent pullback. Bitcoin remains up 20.7% over the past month. Ethereum has gained 29.3% in the same period. However, both assets face headwinds from upcoming macroeconomic releases. The Producer Price Index and Consumer Price Index data are due today and tomorrow. These figures offer the final inflation read before the Federal Reserve meets.

Fed rate decision odds shift

The Federal Reserve begins its two-day rate-setting meeting on Tuesday. Market participants are closely watching the probability of a rate hike. The CME Group's FedWatch tool indicates a 62.2% chance of an increase. Higher interest rates typically exert downward pressure on crypto assets. Investors are positioning themselves for this potential monetary tightening.

Long-term price performance metrics

Bitcoin is currently trading 29.8% below its level from one year ago. The asset is up 1.3% compared to a week ago. Ethereum shows a similar long-term weakness, down 42.7% year-over-year. However, ethereum is up 3.2% over the last week. These metrics highlight the volatility inherent in the sector.

Historical price benchmarks remain distant

Bitcoin's all-time high of $126,198.07 was recorded on October 6, 2025. The current price sits significantly below that peak. Ethereum reached its all-time high of $4,953.73 on August 24, 2025. The current ethereum price is roughly half of that historical maximum. According to GN markets/crypto (en-US), these historical peaks remain the primary reference points for investors.