Bitcoin Price Today: BTC Tests $78,000 on CPI Day, Is Pepeto the Presale Set to Run Hardest When BTC Turns?

Anyone watching the bitcoin price today is staring at a setup that shows up once or twice a year. BTC opened at $76,535 on September 11, down 2.2% from Thursday, with CPI data landing today and the Fed meeting on September 15 per yahoo finance.

August PPI came in at 5.4% and oil crossed $105 per barrel.  The CME FedWatch tool shows 69.4% odds of a rate hike this month. Amid that pressure, one presale keeps drawing new wallets while the big coins wait: Pepeto, now above $10.9 million raised with three live tools.

The question is not whether Bitcoin recovers from here. It is what the coins right below it do once it does, and who is in before that. What Is Driving the Bitcoin Price Down This Week?

Bitcoin fell from $81,000 last week to $76,535 on Friday morning as two forces pressed on the price at once. Oil crossed $105 per barrel after the conflict near the Strait of Hormuz, and higher inflation could force the Fed to raise rates.