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Crypto

Why bitcoin cannot clear $80,000 as oil surge to $100 adds pressure

Bitcoin erased overnight gains after U.S. stocks opened on Sept. 9, as investors grew cautious ahead of U.S. producer and consumer price data. Major altcoins also fell. Brent crude climbed above $100 a barrel for the first time since July 23, adding pressure on risk assets, while Treasury yields stayed high. Spot bitcoin ETF flows turned negative on Sept. 8. In contrast, Zcash surged on ETF-related developments and the launch of options trading.

Crypto

Fed shifts toward September rate hike; key factor for bitcoin this week

Bitcoin posted its first weekly close above $80,000 since May, but analysts say it is too early to treat the level as firm support. The market is focused on U.S. August CPI and PPI data and the Federal Reserve meeting on Sept. 16, as stronger jobs data has shifted rate expectations more hawkishly. Japan’s yen moves and possible bond sales are also seen as factors. Derivatives-led positioning and thin spot demand may limit gains.

Finance

KOSPI fails to break 7,000, returns to range trading; focus on U.S. rates and inflation

South Korean stocks are expected to take cues this week from U.S. inflation data ahead of the September FOMC meeting. Strong semiconductor earnings and surging exports are supporting the downside, but elevated U.S. long-term yields and Middle East tensions are limiting upside momentum. Markets are watching U.S. producer prices on Sept. 10 and consumer prices on Sept. 11 after stronger-than-expected U.S. jobs data lifted yield and rate-hike expectations.