Bitcoin Price Plummets to $77K Amid Inflation Fears and ETF Outflows

The Bitcoin price plummeted to $77,278 on September 10, marking a 1.31% drop from its opening value of $78,306.

This decline was fueled by hotter U.S. producer inflation rates, ETF outflows, and weakening technical indicators, all of which weighed on demand ahead of the Federal Reserve's September meeting.

The 4-hour Supertrend indicator turned bearish, signaling a sell signal, while the Chaikin Money Flow stood at -0.06, indicating that selling pressure outweighed buying activity during the measurement period.