{"id":10325,"date":"2025-09-10T14:53:48","date_gmt":"2025-09-10T14:53:48","guid":{"rendered":"https:\/\/bitunikey.com\/news\/heres-why-bitcoin-and-the-crypto-market-is-going-up-today-sep-10\/"},"modified":"2025-09-10T14:53:54","modified_gmt":"2025-09-10T14:53:54","slug":"heres-why-bitcoin-and-the-crypto-market-is-going-up-today-sep-10","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/heres-why-bitcoin-and-the-crypto-market-is-going-up-today-sep-10\/","title":{"rendered":"Here\u2019s why Bitcoin and the crypto market is going up today (Sep. 10)"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin and the broader crypto market are rising today, Sept. 10, after the United States reported encouraging producer inflation data.<\/p>\n<div id=\"cn-block-summary-block_40f56d48e21b0ac4c1b6d588e68fcd9e\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>The crypto market rallied after the encouraging US inflation data.<\/li>\n<li>This report pushed some analysts to predict a 0.50% rate cut next week.<\/li>\n<li>Cryptocurrencies also rose after the strong Oracle and TSMC earnings.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Bitcoin (BTC) price rose by 1.1% in the last 24 hours, while top coins like Ethereum (ETH), Binance Coin (BNB), and Solana (SOL) rose by over 2%.<\/p>\n<h2 class=\"wp-block-heading\">Crypto market rallies after US inflation data\u00a0<\/h2>\n<p>The main driver of the rally was a Bureau of Labor Statistics report showing that producer inflation eased in August.<\/p>\n<p>The headline PPI fell from 0.7% in July to minus 0.1% in August. This decline translated to an annual figure of 2.8%, lower than the previous 3.4%. Separately, the headline PPI dropped from 3.1% to 2.6%, better than the median estimate of 3.3%.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>These numbers arrived ahead of the closely watched consumer price index data. Economists polled by Reuters expect the upcoming report to show that the headline CPI rose from 2.7% to 2.9%, while core inflation remained at 3.1%. Based on the PPI report, there is a possibility that the CPI figure will come in lower than expected.<\/p>\n<p>The crypto market rose as investors predicted that the Federal Reserve would cut interest rates next week. While the estimate is a 0.25% cut, some analysts, especially those from <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/think.ing.com\/articles\/job-worries-intensify-calls-for-immediate-fed-rate-cuts\/\" target=\"_blank\" rel=\"nofollow\">ING Bank<\/a> and Standard Chartered, believe that the bank will cut by 0.50%.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Further to the prior post, it\u2019s a big beat on PPI inflation.<br \/>The sharp softening in these indicators\u2014both in absolute terms and versus the consensus forecasts (see table below)\u2014sets the stage for an even more interesting Fed meeting next week.<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/economy?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#economy<\/a> <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/inflation?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#inflation<\/a> <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/federalreserve?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#federalreserve<\/a>\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/xJo3aS8MyZ\">pic.twitter.com\/xJo3aS8MyZ<\/a><\/p>\n<p>\u2014 Mohamed A. El-Erian (@elerianm) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/elerianm\/status\/1965762147276984531?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 10, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>These Fed expectations help explain why the stock market also surged, with futures tied to the S&amp;P 500 and Nasdaq 100 indices rising to a record high.<\/p>\n<h2 class=\"wp-block-heading\">Bullish sentiment after Oracle earnings\u00a0<\/h2>\n<p>The crypto market also jumped as sentiment improved following robust Oracle earnings and a monthly report from Taiwan Semiconductor. Oracle stock gained more than 32%, while other AI-focused companies like Nvidia, Microsoft, and Broadcom continued their momentum.<\/p>\n<p>In its report, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/09\/09\/oracle-orcl-q1-earnings-report-2026.html\" target=\"_blank\" rel=\"nofollow\">Oracle said its backlog rose 350%<\/a> to more than $455 billion, a trend management expects will continue this year. TSMC, the largest chip manufacturer, advanced after saying that its August sales rose 34%, higher than expected.<\/p>\n<p>While these companies are not directly related to the crypto industry, their strong performance drew investors to risk assets.<\/p>\n<p>Meanwhile, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/pro\/futures\/Cryptofutures\" target=\"_blank\" rel=\"nofollow\">CoinGlass data<\/a> show that futures open interest jumped 2% in the past 24 hours to more than $214 billion. This increase coincided with a 16% drop in liquidations to $280 million.<\/p>\n<p>Cryptocurrencies tend to perform well in periods of high open interest, as this indicates increased demand in the futures market.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin and the broader crypto market are rising today, Sept. 10, after the United States reported encouraging producer inflation data. Summary The crypto market rallied after the encouraging US inflation&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=10325"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10325\/revisions"}],"predecessor-version":[{"id":10326,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10325\/revisions\/10326"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2329"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=10325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=10325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=10325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}