Bitcoin and ethereum prices retreated on Thursday, September 10, 2026, as market participants braced for upcoming inflation reports that could influence the Federal Reserve's next rate decision. Bitcoin (BTC-USD) opened at $78,291.64, a 0.2% decrease from Wednesday's opening price, and slid to $77,941.56 by 7:19 a.m. ET. Ethereum (ETH-USD) opened at $2,467, down 0.7% from the previous day's open, before falling to $2,464.92 at the same time.
Both major cryptocurrencies opened at their lowest levels this week, a dip occurring less than a week before the Federal Reserve begins its two-day rate-setting meeting on Tuesday. Despite these short-term declines, both assets maintain positive month-over-month performance. Bitcoin is up 20.7% from one month ago, while ethereum has gained 29.3% over the same period.
The immediate focus for investors is the Producer Price Index (PPI) and Consumer Price Index (CPI) data scheduled for release on Thursday and Friday. These reports provide a final look at prior inflation trends before the central bank convenes to set interest rates. According to the CME Group's FedWatch tool, there is currently a 62.2% probability that the Federal Reserve will raise rates next week. Higher interest rates are generally expected to exert negative pressure on cryptocurrency prices in the short term.
Longer-term price comparisons show mixed results for both assets. Bitcoin is up 1.3% from one week ago but remains down 29.8% from its price one year ago. The asset reached an all-time high of $126,198.07 on October 6, 2025. Ethereum shows a similar pattern, up 3.2% from a week ago but down 42.7% from a year ago, with an all-time high of $4,953.73 recorded on August 24, 2025.