Crypto Market Today: Bitcoin Holds Near $77K as Traders Brace for CPI

The crypto market is trading defensively on Friday as investors wait on the August Consumer Price Index report, the next scheduled catalyst that could decide whether Bitcoin reclaims $80,000 or slides back toward the low $70,000s.

A hotter-than-expected Producer Price Index reading a day earlier already triggered a broad pullback, pushing the total crypto market capitalization down to roughly $2.7 trillion and driving the heaviest single-day outflow from U.S. spot Bitcoin ETFs since July.

Bitcoin itself is holding the $76,800–$77,200 zone, down modestly on the day but nearly 4.7% lower over the past week, while sentiment has cooled from greed toward a more cautious middle ground without tipping into fear.

Key Takeaways The global crypto market cap sits near $2.7 trillion, down roughly 1.6–1.9% over 24 hours, after hot U.S. producer price data reignited rate-hike concerns.