Bitcoin Price Teeters on Support as Inflation Data Looms

Bitcoin's price has been fluctuating, with a current value of $78,776.36 as of September 7, 2026.

According to Zhitong Finance, Bitcoin's daily transaction volume approached 900,000 on September 7, marking the fourth-highest level in history.

The increase in transactions has not led to a corresponding surge in prices, with some analysts suggesting that market structure remains resilient despite short-term selling pressure.

With US inflation data scheduled for release on September 15-16, market attention is focused on the probability of interest rate hikes and movements in Treasury yields.

UBS Group has raised its interest rate hike forecast to two increases, which could increase the opportunity cost of holding Bitcoin and put pressure on the cryptocurrency's price until year-end.