Bitcoin drops below $80,000 on September 08, 2026

BITCOIN DROPS BELOW $80,000 ON SEPTEMBER 08, 2026

1. BITCOIN LOST $80,000 AND TOUCHED $77,941.
According to several sources, BTC traded between $77,941 and $79,403, with 24h moves ranging from -0.56% to -1.80%. Bitcoin failed to close above $80,000 for two straight weeks, draining the August recovery momentum. The nearest support is around $77,000; resistance is at $82,000–$83,000.

2. ETH AND SOL WEAKENED, ETH MARKET SHARE ROSE SLIGHTLY.
Ethereum traded in a $2,468–$2,496 range, with a 24h change of roughly -1% to +0.20%; Solana was near $103, down 2.29%. ETH still holds a market share of 11.29% and rose slightly, showing the pullback is not deep. The divergence between ETH and SOL suggests capital is not aligned across major altcoins.

3. FED RATE RISK REMAINS THE MAIN MACRO DRIVER.
Markets price about a 60% chance of a 0.25% rate hike; the US 10-year Treasury yield is around 4.8% after August jobs data beat expectations. The dollar index fell below 99, gold rose above $4,430, and Brent crude was above $97 due to US–Iran tensions around Hormuz. The Fear & Greed index at 72 shows greed sentiment, but macro pressure still weighs on risk assets.

4. TOTAL CRYPTO MARKET CAP STOOD AT $2.668 TRILLION, STABLECOIN AND DERIVATIVES VOLUME ROSE.
Total crypto market cap is about $2.668 trillion, with 24h trading volume at $75.85 billion. Stablecoin market cap is $283.82 billion, with volume up 8.47%; 24h derivatives volume rose 7.20% to $592.54 billion. DeFi market cap is $79.37 billion. Liquidity is not leaving the market but is shifting toward more stable assets.

5. ZCASH AND OTHER ALTCOINS ROSE OVER THE WEEK AGAINST THE TREND.
ZEC is around $1,125, down nearly 5% in 24h but up 33% over 7 days; Arbitrum gained over 50% and Uniswap over 21% in the week. Among major coins, DOGE fell 0.68% and BNB rose 0.22% in 24h, but both remained resilient with weekly gains of nearly 9% and over 7% respectively. HYPE fell 3.52% on the day, the sharpest drop among tracked altcoins. Altcoin market cap is $1.0954 trillion, while BTC dominance fell from 60.4% to 58.94%–59.4%. Capital is rotating from Bitcoin to altcoins with specific narratives.

6. BTC AND ETH ETFs STILL SAW NET INFLOWS.
BTC spot ETFs attracted $174.6 million, led by BlackRock's IBIT with $117.4 million; ETH ETFs took in $25.9 million on September 4. Institutional buying emerged as prices slid, but it was not enough to reverse the broader trend. This suggests long-term investors are using the lower price zone.

7. HUNTER BIDEN LAUNCHED A MEMECOIN, NOTED IN THE DAILY NEWS.
The son of former US President Joe Biden launched a memecoin, reported by Vietnamese media in the September 8 price bulletin. The story drew media attention, but no concrete data is available to assess its market impact.

TODAY'S WATCHLIST: PPI (Thursday) and CPI (Friday) before the Fed meeting. If core inflation runs hot, rate-hike odds could rise to 2/3 and BTC may fall back to the $77,000 support.

*This summary is for reference only and does not constitute investment advice.*