Crypto market extends pullback, Bitcoin falls below $77,000, ZEC drops over 13% in 24 hours

BlockBeats news, September 11: Before Friday's US CPI release, the bond market has already made its move. The 10-year US Treasury yield rose to 4.943%, and the probability of a Fed rate hike next week climbed to 71%. Rising oil prices and inflation pressures are fueling market concerns that the Fed may tighten again. US stock investors therefore need to contend simultaneously with pressure in the bond market, stubborn inflation, war-driven oil prices, and uncertainty over the Fed's rate path.

According to HTX market data, the crypto market extended its pullback, with Bitcoin falling below $77,000 and now at $76,700, Ethereum now at $2,440, BNB now at $710.5, and SOL now at $99.03. ZEC now at $1,083, down 13.6% in 24 hours. The total crypto market cap fell 0.9% in 24 hours to $2.727 trillion.

The altcoins with the largest gains and losses include:

NiuLai rose about 39% in 24 hours, with the price now at $0.1074;

SAGA rose about 27% in 24 hours, with the price now at $0.01793;

RAY rose about 16% in 24 hours, with the price now at $1.451;

IOST fell about 46% in 24 hours, with the price now at $0.000991;

RVN fell about 23% in 24 hours, with the price now at $0.0023;

KAT fell about 20% in 24 hours, with the price now at $0.00485.

According to BIT (bit.com) market data, at Thursday's US stock close, the Dow fell 0.6%, the S&P 500 fell 0.58%, and the Nasdaq fell 0.65%. Nvidia (NVDA.O) fell 2.2%, Intel (INTC.O) fell 5.5%, SK Hynix (SKHY.O) fell 5.2%, and Apple (AAPL.O) rose 3.5%. Spot gold came under pressure and fell nearly 2%, while silver dropped more than 5%. Oil prices surged more than 6% on Thursday, with both US and Brent crude futures rising above $100 per barrel.