Bitcoin Price Tumbles Below $78,000 Amid Inflation Concerns

Bitcoin's price slipped below $78,000 on September 10, marking an extension of the pullback from early September highs near $82,280. The decline is attributed to fading momentum and rising US Treasury yields.

The market has seen a general decline, with major cryptocurrencies like Bitcoin down 2% at $77,737 and Ethereum falling by 1.66% to $2,457.87. Other notable cryptocurrencies such as Binance Coin, XRP, and Dogecoin have also experienced significant decreases.

Analysts note that Bitcoin is trading within a volatile range between $76,000 and $81,000 without a clear trend, with liquidation clusters near $77,300 and $80,500-$81,800. Market participants await a confirmed break from this range for clearer direction.