EL7.AI
CryptoMediumUpdated×2•Originally published 10 September 2026•Updated 10 September 2026•
2 min read

Bitcoin Near $78,321 as Treasury Yields Rise and Crypto Retreats

Key Facts

1EL7's snapshot placed BTC, ETH, XRP and DOGE at $78,320.56, $2,472.53, $1.3945 and $0.08599, respectively.
2The 10-year American Treasury yield rose to 4.83% from 4.80%, an increase of 3 basis points.
3Benzinga reported a $2.69 trillion crypto market capitalization and about $390 million of liquidations over 24 hours.
4The August CPI is due September 11, 2026, at 8:30 a.m. Eastern time, followed by the FOMC meeting on September 15 and 16, 2026.

Major cryptocurrencies declined on Wednesday as American Treasury yields rose and military confrontation between the United States and Iran intensified. EL7's latest authoritative snapshot placed Bitcoin near $78,321, leaving the market under pressure ahead of inflation data and the Federal Reserve meeting.

At 00:00 UTC on September 10, 2026, EL7 recorded BTC at $78,320.56, ETH at $2,472.53, XRP at $1.3945 and DOGE at $0.08599. In a separate report, Benzinga said total crypto market capitalization was $2.69 trillion after falling 0.43% over 24 hours, with about $390 million of positions liquidated, predominantly longs.

In bonds, the 10-year American Treasury yield rose to 4.83% on September 9 from 4.80% on September 8, an increase of 3 basis points. Higher yields increase the return available on lower-risk dollar assets and can raise the opportunity cost of holding volatile, non-income-producing assets such as cryptocurrencies, although yields alone do not explain every price move.

The rise in yields coincided with renewed military escalation. American Central Command said its forces destroyed 5 Iranian crude carriers on September 8 after Iran's Revolutionary Guard targeted an American warship with missiles twice over the previous 2 days. On September 9, the Associated Press reported that Brent crude settled at $101.21 a barrel as fighting escalated, increasing energy and inflation risks for markets.

On large-holder behavior, Benzinga cited blockchain researcher Ali Martinez as saying Bitcoin whale holdings had remained flat over the previous week. Martinez interpreted that pattern as caution ahead of CPI data and the FOMC meeting; it is an analytical reading of holdings, not proof that every large investor made the same decision.

The next scheduled checkpoints are the August CPI release on September 11, 2026, at 8:30 a.m. Eastern time and the FOMC meeting on September 15 and 16, 2026, chaired by Kevin Warsh. They follow the September 4 employment report, which showed nonfarm payrolls rising by 162,000 in August while unemployment held at 4.1%. How yields respond to those releases will shape the pressure or support transmitted to risk assets.