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🚨 Crypto Today: Big Moves, Surprises, and Market Shifts
Your front-row seat to the biggest gains, boldest calls, and breaking stories in crypto—delivered daily.
CoinGape Media
September 10, 2025
📰 News
U.S. PPI Falls To 2.6% YoY, BTC Price Spikes
Bureau of Labor Statistics data shows that PPI fell to 2.6% in August, year-on-year (YoY), way below expectations of 3.3% and the previous reading of 3.3%. The monthly data came in at -0.1%, also below expectations of 0.3%.
Meanwhile, the core U.S. PPI came in at 2.8%, below expectations of 3.5% and also the previous reading of 3.7%. The core PPI fell to -0.1, below expectations of 0.3%. This provides relief for market participants, considering the higher-than-expected PPI figures last month.
The BTC price sharply surged on the back of the inflation data release, breaking above the $113,000 psychological level. TradingView data shows that the flagship crypto is currently trading at around $113,200.
Notably, the Bitcoin price had climbed from an intraday low of $110,700 ahead of the PPI data release. The figures provide a bullish outlook for BTC and the broader crypto market as the Fed is further likely to cut rates and could even make a 50 basis points (bps) rate cut, as opposed to a 25 bps cut.
Attention will now turn to the CPI data, which comes out tomorrow and is the last major economic data before the Fed decides on monetary policy next week. At the moment, macroeconomic data points to the labor market weakening while inflation remains steady.
Fed Chair Jerome Powell had already signaled that they might have to lower interest rates, with the downside risk to the labor market rising. The PPI data further confirms that the FOMC should be more focused on its employment mandate than the inflation mandate.
Crypto Market and S&P 500 Rally Following PPI Data Release
TradingView data shows that the total crypto market is up over 2% today, reaching $3.91 trillion. This market rally is led by the top coins, including Bitcoin, Ethereum, Solana, BNB, and XRP, all of which are in the green today.
BTC has climbed above the psychological $114,000 level, representing a 2-week high for the flagship crypto. The Ethereum price broke above $4,400 while BNB broke above $900, reaching a new ATH in the process.
Meanwhile, the S&P 500 is also rallying today. TradingView data shows that the SPX opened at $6,550, marking a new all-time high (ATH) for the stock market index. Notably, the SPX had closed yesterday’s trading session at a then record high of $6,512.
Oracle stock (ORCL) has been one of the major gainers today in the S&P 500. The stock is up over 40% after the company raised its revenue forecast yesterday. NVIDIA’s stock is also up almost 5%, recording the highest gains among the ‘Magnificent 7’ stocks.
This broad market rally follows the PPI data release, with the inflation figures coming in lower than expectations. This has further fueled hopes that the Fed will make a rate cut at the upcoming FOMC meeting next week.
Moreover, with inflation steady while the labor market continues to weaken, there is optimism that the Fed may make a surprise 50 basis points (bps) rate cut, rather than a 25 bps cut.
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📊 Market
Solana Price Builds Pressure Toward $400 Breakout
The Solana price chart shows that SOL has successfully broken out of a symmetrical triangle, marking a clear bullish shift. The Solana current trading value sits around $219, establishing a strong foundation after the breakout.
The immediate test lies at the $261 resistance, which has been a key barrier through several retests. A close above this threshold could open the path toward the $300 region, where sellers are likely to re-emerge.
If bulls extend the rally beyond that level, the structure suggests a decisive run toward $400 is achievable. Higher lows and increasing accumulation support an expanding bullish cycle, reinforcing the long-term SOL price prediction.
Moreover, the price structure shows reduced downside risk, with $200 acting as a reliable support zone. MACD and moving average alignments confirm that momentum is tilting toward buyers, reinforcing the probability of sustained continuation.
Historical behavior around such breakouts also indicates that once resistance levels are cleared, Solana price often rallies aggressively. With the triangle breakout now validated, the path toward $400 appears more realistic than speculative.
Bitcoin Price Action Builds Toward Symmetrical Triangle Breakout
Bitcoin price is currently trading at $112,236, maintaining its structure inside an ascending symmetrical triangle. The lower support trendline has held firmly near $107,304, while resistance looms around $117,156 at the 0.618 Fibonacci level.
A breakout above this range could confirm bullish continuation, pushing BTC price toward $123,731, which marks the 1.0 Fibonacci extension.
Beyond this, the chart points to $133,882 at the 1.618 extension as the next significant hurdle. However, consolidation remains possible, with a pullback toward the triangle midpoint providing healthy resets. The RSI currently reads 49.75, positioned above the signal line at 43.98, which provides a bullish confirmation aligned with the chart structure.
Expansion to higher zones remains possible, with the 2.618 Fibonacci level at $150,309 reinforcing a positive long-term BTC price outlook. The triangle formation, once resolved, could decide whether BTC establishes fresh record highs into year-end.
