September 11 Morning Podcast: Bitcoin falls below $77,000 as US August PPI exceeds expectations

The crypto market opened lower following the release of US August Producer Price Index (PPI) data, which rose 0.4% month-over-month and 5.4% year-over-year, reigniting concerns over potential interest rate hikes. Bitcoin dropped to an intraday low of $76,651, breaking the $77,000 support level. Liquidations reached $346.9 million over 24 hours, with over 86% consisting of long positions. While US crypto ETFs saw a net inflow of $5.57 billion over the past 30 days, Bitcoin ETFs recorded a single-day outflow of $120.24 million.