What Happened In Crypto Market Today: September 11 Crypto News

What Happened in Crypto Market Today: What Made BTC, ETH, XRP Drop? The global crypto market cap sits at $2.72 trillion today, down 0.9%. Bitcoin, Ethereum, and XRP are all in the red. So what happened in crypto market today? Hot US inflation data, a fresh crypto crash, and heavy Bitcoin ETF outflows sent traders running, hours before the next big data release. Key Takeaways Bitcoin fell 1.2% to $76,813.21. XRP crashed over 4% to $1.32. The total market cap slid to $2.72 trillion, per CoinGecko. Bitcoin ETFs lost $282.56 million on September 10, the worst outflow since July, while XRP ETFs pulled in $5.14 million. US PPI data rose 0.4% in August and 5.4% year over year, adding pressure before today's CPI report and the Fed's September 16 meeting. Bitcoin And Altcoins Crash Today Bitcoin price today sits at $76,813.21, down 1.2%. Ethereum price today reads $2,454.85, off 0.4%. XRP price today dropped over 4% to $1.32, and Solana fell over 2% to $98.89. Daily volume across the market is $100 billion. Bitcoin dominance is 56.8%, Ethereum's is 11%, per CoinGecko. This crypto market crash arrived right after US PPI data cooled rate-cut hopes. Today's Biggest Gainers And Losers CoinPrice24H MoveVolumeJUGGERNAUT$0.01481+493.3%$49.86MBREW Coin$0.02418+97.0%$22.70MNiu Lai (牛来)$0.1317+76.5%$185.81MHunter Biden's Laptop$0.4223-49.2%$17.24MZZZ$0.03191-38.4%$6.41MBasecat$0.02272-26.2%$13.25M Crypto ETFs See Heavy Outflows As per SoSoValue data, Nearly every crypto ETF lost money on September 10. Bitcoin ETFs shed $282.56 million, the worst outflow since July. Ethereum ETFs lost $29.76 million, the second-largest pull this month. Solana ETFs lost $482.55K, with Bitwise pulling $1.37 million while Fidelity added $888.41K. XRP ETFs stood alone as the bright spot, pulling in $5.14 million. US PPI Data Comes In Hot The Producer Price Index rose 0.4% in August, after a 0.1% rise in July, per the US Bureau of Labor Statistics. Unadjusted prices are up 5.4% year over year. Core prices, stripping out food, energy, and trade, rose 0.3%. Hot producer prices push back rate-cut bets, and that is weighing on crypto today, ahead of this afternoon's CPI report. Blockstream Refuses Ransom Over Stolen Bitcoin Blockstream refused a ransom demand after recovering 3,400 BTC, or 85% of the Bitcoin stolen from its Liquid Network. About 598.5 BTC remains missing, and the firm says it will pursue law enforcement, exchanges, and forensic specialists, per Wu Blockchain data. Ethereum's Glamsterdam Upgrade Hits A Snag Ethereum's Glamsterdam upgrade is tentatively set for Sepolia on October 6, though Devnet-9 is currently failing to finalize. Earlier testing found a major consensus-layer bug and an execution-layer issue tied to EIP-8037, per ACDC #186 meeting notes. Mainnet is still targeted for December.