BlockChain Club

Nearly the entire top 100 cryptocurrencies declined over the last 24 hours, while Bitcoin has dropped more than 5% across the week.
Bitcoin fell just under $77,000, losing almost 2% in a single day after August producer prices came in at 5.4% versus the expected 5.1%. That surprise pushed 30-year Treasury yields to their highest level in 19 years.
The broader crypto market slipped around 3% — almost double Bitcoin’s drop — and 95 of the largest 100 tokens finished the day in the red. Traders spent Thursday adjusting expectations for next week’s Federal Reserve meeting toward a possible rate hike.
Zcash led the downside, plunging roughly 12% to around $1,134 and giving back part of its recent gains. Even so, it remains up about 34% on the week and nearly 145% over the past month. Hyperliquid’s HYPE dropped about 7% to just below $79, extending its weekly decline to roughly 10%. Dogecoin lost around 6% and traded near 8 cents. XRP fell approximately 3% to $1.34 and is down almost 7% over seven days, while Solana slipped below $100, down more than 3%.
Ether held up relatively better, declining nearly 2% to about $2,445 and limiting its weekly loss to under 3%. BNB eased a little over 1% to roughly $710. Tron was the only major token to stay flat, holding at 34 cents and still up more than 3% on the week.
Bitget analyst Lewis Huang had flagged $76,270 as a key technical support level ahead of the data release. Bitcoin is now trading less than $800 above that mark.
Meanwhile, Brent crude surged above $107 a barrel (up more than 6%), with West Texas Intermediate approaching $102. This sharp rise in energy prices feeds directly into the inflation numbers the Fed is monitoring. The 10-year Treasury yield moved toward 5%, while the two-year yield climbed above 4.5%.
Gold eased toward $4,330, the dollar index strengthened near 99, and the S&P 500 closed lower at around 7,594 — its fourth consecutive decline. Asian equity futures also weakened, with Japan down nearly 2%, Korea more than 3%, and Hong Kong close to 1%.
Rising real yields pressure crypto through two main channels: they make risk-free government bonds more attractive compared with non-yielding assets, and they increase the cost of maintaining leveraged positions.
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