GOOD MORNING, BAYKRIPTO.
September is starting with pressure.
BITCOIN — ~$77.4KBTC has slipped from yesterday’s ~$78K area and briefly traded below $77K as global markets moved risk-off.
ETHEREUM — ~$2,410ETH is showing more weakness than BTC, while higher-beta majors such as SOL have also been hit harder.
So what’s actually pushing crypto down?
GEOPOLITICAL RISK IS BACKRenewed U.S.–Iran escalation has pushed Brent crude toward $95/barrel.
Higher oil → higher inflation risk → more pressure on rate-sensitive assets.
BOND YIELDS ARE SURGINGThe U.S. 10Y Treasury yield reached roughly 4.81%, its highest level in almost three years.
That’s not a friendly environment for risk assets.
THE FED IS BACK IN THE GAMEMarkets are now pricing roughly a 67% probability of a 25 bps Fed hike on September 16, versus around 40% only a week ago.
And the next major test is coming:
FRIDAY — U.S. JOBS REPORTStrong employment data could strengthen the case for another hike.
Weak data could cool those expectations.
LEVELS I’M WATCHINGBTC:
$75K–$76K → major support area
$77K–$78K → immediate battlefield
$79K–$80K → bulls need to reclaim thisUntil BTC gets back above $78K–$80K with strength, I’m treating rallies carefully rather than automatically assuming the August trend has resumed.
BAYKRIPTO VIEW
This isn’t the moment to force trades.
Oil ↑
Yields ↑
Fed hike expectations ↑
Risk appetite ↓
Protect capital first. Opportunities will still be there tomorrow.
Sources: Reuters — Sep 2, 2026 / CoinDesk — Sep 2, 2026 / KuCoin Market Report — Sep 2, 2026#Bitcoin #BTC #Ethereum #Crypto #BAYKRIPTO
