Bitcoin Falls Below $77,000 as Key Inflation Data Looms
The price of Bitcoin (BTC-USD) has fallen below $77,000 on Friday, September 11, 2026, with the cryptocurrency opening at $76,535.95, a 2.2% decrease from Thursday's opening price. As of 7:23 a.m. ET, the price of Bitcoin shifted to $76,758.63. Ethereum (ETH-USD) also saw a decline, opening at $2,437.02, down 1.2% from Thursday's opening price, before moving to $2,453.68 as of 7:23 a.m. ET.
Market Sentiment and Economic Factors
The current market sentiment is largely influenced by the ongoing war in Iran, which has led to record-high diesel prices. Brent futures (BZ=F) have seen a significant increase, rising by over 16% in the past month and 8.43% in the last five days. This surge in oil prices has contributed to a decline in crypto prices, as higher rates are a headwind for cryptocurrencies, which do not pay interest to investors.
Impact of Inflation Data and Rate Hikes
The upcoming inflation data is expected to have a significant impact on the market, with more analysts predicting a rate increase next week (69.4%, according to the CME Group's FedWatch tool). This has led to a decline in crypto prices, as higher rates are a headwind for cryptocurrencies. The price of Bitcoin this morning, Friday, September 11, 2026, was 2.2% lower than Thursday's opening price.
Historical Price Trends
A look at the historical price trends of Bitcoin and Ethereum reveals significant fluctuations. One week ago, Bitcoin was down 5.8%, while Ethereum was down 2.8%. One month ago, Bitcoin was up 19.8%, and Ethereum was up 30.2%. One year ago, Bitcoin was down 32.8%, and Ethereum was down 44.0%. The all-time high for Bitcoin was $126,198.07 on October 6, 2025, while the all-time low value was $0.04865 on July 14, 2010. The all-time high for Ethereum was $4,953.73 on August 24, 2025, while the all-time low value was $0.4209 on October 21, 2015.
Using Cryptocurrency for Mortgages
In a significant development, the Federal Housing Finance Agency (FHFA) has ordered Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage. This signals a potential fundamental change to how cryptocurrency may be used to qualify for a mortgage. The FHFA supervises Fannie Mae and Freddie Mac, the government-sponsored companies that fund a major portion of the mortgage industry. This move could pave the way for homeowners to use cryptocurrency to purchase a home.
What to Watch Next
The upcoming inflation data and rate hike decisions will have a significant impact on the market. Investors will be closely watching the developments in the crypto space, particularly in the wake of the FHFA's announcement. As the market continues to evolve, it will be essential to monitor the price trends of Bitcoin and Ethereum, as well as the potential use of cryptocurrency in mortgage transactions.
