Crypto Weekly Report (2026/9/14): BTC Pulls Back, BSC Stock Memes Surge, Fed Rate Decision Ahead

Summary: The crypto market weakened last week. Higher inflation, rising oil prices, and Fed rate-hike expectations pressured risk assets.  Bitcoin fell 3.43% and remained below $80,000. Ethereum also traded with high volatility. Bitcoin spot ETFs saw about $463 million in net outflows, while Ethereum, Solana, and XRP ETFs recorded net inflows.

Gold and silver also declined. The U.S. dollar rebounded as markets focused on Fed policy. Meanwhile, rising Middle East tensions added to inflation concerns. This week, markets will focus on the Fed rate decision, the CLARITY Act vote, Circle’s Arc mainnet launch, and major token unlocks. Monetary policy, regulation, institutional adoption, and liquidity will remain key market drivers.

Crypto Market Overview

1. Market Trends and Price Action

Last week (Sept. 7–13), the crypto market came under pressure and pulled back, with rising expectations of tighter monetary policy emerging as the key driver of market performance. Bitcoin (BTC) fell 3.8% over the week, breaking below a key support level. Persistent U.S. inflation in August, coupled with a surge in oil prices that further fueled inflation concerns, pushed market expectations for a 25-basis-point Fed rate hike on Sept. 16 as high as 86%, putting risk assets broadly under pressure.

BTC: Bitcoin weakened amid choppy trading last week, falling 3.43% over the week. The price gradually declined from above $79,000 and briefly dipped to $76,565 on September 10. Although BTC staged a modest rebound afterward, it failed to reclaim and hold above $80,000 and is currently trading around $77,000.

ETH: Ethereum traded in a choppy range last week, with volatility picking up noticeably. The price hovered around $2,500 at the start of the week, surged to $2,663 on September 11, and then gave back its gains, falling back toward $2,500. ETH is currently trading at around $2,509.

Hot Tokens

Stock Meme tokens on BSC became a market focus, with BNC4 and 4Stock attracting attention through their “U.S. equities + on-chain Meme” narratives. Meanwhile, political Memes once again emerged as a market hotspot. On September 9, Hunter Biden launched LAPTOP on the Base network, drawing on the controversial “laptop” saga as its core narrative. The token briefly surged after launch before crashing rapidly, at one point losing more than 95% of its value within hours, making it one of last week’s most volatile Meme coin launches.

The AI narrative also remained active. Venice Token (VVV) hit a new all-time high of $27.7, driven by growing interest in privacy-focused AI and token-burn activity, with the token gaining around 30% over the week. In addition, Bitway (BTW) continued its strong performance, posting a weekly gain of 56.9%.

According to BTCC data, over the past 24 hours, 119 tokens gained while 225 tokens declined in the perpetual futures market, indicating that bears maintained a clear advantage. Among the top performers were BRUSDT (+42.65%), REZUSDT (+32.63%), and BTWUSDT (+27.84%), while POWERUSDT (+20.39%) and FILUSDT (+20.12%) also posted gains of more than 20%. Overall, the market remained broadly weak, but strong rallies in a handful of high-volatility altcoins suggest that short-term trading opportunities remain active despite the broader risk-off environment.

2. Capital Flows & Market Sentiment

Gold and Silver: Precious Metals Face Renewed Pressure

GOLD/USDT

Last week (September 7–13), gold prices traded lower overall, pressured by stronger U.S. inflation data and rising expectations for tighter monetary policy from the Federal Reserve. On September 10, spot gold fell more than 2% amid higher-than-expected U.S. PPI data and rising U.S. Treasury yields, briefly dropping to $4,313. Gold then rebounded on dip-buying and safe-haven demand, gaining more than 1% on September 11 and reaching a high of $4,402 per ounce. However, gold still fell approximately 1.72% for the week, marking its third consecutive weekly decline.

SILVER/USDT

Silver prices experienced significantly higher volatility last week. On September 10, silver plunged as much as 6.5% amid rising U.S. inflation pressures and growing expectations for a Federal Reserve rate hike. The metal then rebounded on September 11 amid dip-buying in the precious metals market, climbing to $64.48 per ounce. However, the rebound failed to reverse the weekly decline, with silver falling approximately 3.54% over the week and underperforming gold overall.

＼ 🚀 Ready for the Next Market Rally?／

Dollar Index: Dollar Rebounds Amid Volatility as Markets Focus on Fed Policy

source: investing.com

Last week (September 7–13), the U.S. Dollar Index (DXY) initially declined before rebounding. It fell to around 98.7 early in the week, then recovered as U.S. PPI and CPI data, along with rising expectations for a Federal Reserve rate hike, supported the dollar. The Dollar Index gained 0.16% over the week and currently stands at 99.32.

Crypto Spot ETFs: AUM Declines as Bitcoin Sees Outflows

Last week, the total assets under management (AUM) of U.S. crypto spot ETFs fell from $118.96 billion to $117.49 billion, a weekly decline of approximately $1.47 billion (1.24%). Overall, the modest decline in ETF AUM reflected the impact of last week’s market pullback and capital outflows, suggesting that institutional risk appetite has cooled somewhat.

source: sosovalue

Bitcoin spot ETFs recorded cumulative net outflows of approximately $463 million, ending a three-week streak of net inflows. On September 10 alone, net outflows reached around $283 million, the largest single-day outflow of the week. In contrast, Ethereum spot ETFs recorded approximately $197 million in net inflows, marking their fourth consecutive week of positive inflows. Solana and XRP ETFs also recorded net inflows of approximately $10.3 million and $18.98 million, respectively.

Macroeconomy: Inflation, War, and Rate-Hike Expectations Drive Markets

Last week (September 7–13), global markets were largely driven by three key themes: inflation, geopolitical tensions, and interest-rate hike expectations. U.S. CPI rose 3.4% year over year and 0.4% month over month in August. Combined with stronger-than-expected PPI data and rising oil prices, this significantly increased expectations for a 25-basis-point Fed rate hike in September, with the probability now approaching 90%.

Meanwhile, tensions in the Middle East continued to escalate, pushing oil prices sharply higher, with Brent crude briefly rising above $100 per barrel. The temporary shutdown of Saudi Arabia’s East-West Pipeline following a drone attack further heightened concerns over global energy supplies.

Overall, markets are repricing the “high oil prices + high inflation + high interest rates” combination, putting greater macroeconomic and policy pressure on risk assets. Going forward, market performance will remain heavily influenced by energy prices, inflation data, and the Federal Reserve’s policy path.

Hot Market Events

1. Strait of Hormuz May Open a New Maritime Route

Event: Iranian Foreign Minister Abbas Araghchi said that a September 14 meeting in Oman will focus on a new maritime route through the Strait of Hormuz. Iran will present details of its agreement with Oman, along with a roadmap for the new route. However, Iran emphasized that the agreement with Oman does not mean the Strait of Hormuz will fully reopen.

Analysis: Discussions over a new route could ease some concerns about disruptions to energy transportation in the Middle East. However, the restoration of normal traffic through the Strait of Hormuz will still depend on further negotiations between Iran and the United States. Until tensions ease significantly, crude oil prices may continue to carry a high geopolitical risk premium, potentially affecting global inflation and expectations for Federal Reserve policy.

2. Robinhood Chain Revenue Declines as Stock Meme Momentum Cools

Event: According to DeFiLlama data, Robinhood Chain revenue has declined steadily since September 7, falling to approximately $723,000 over the past 24 hours and remaining below $1 million for four consecutive days. Revenue over the past seven days has also dropped to around $8.66 million. Meanwhile, Robinhood Chain recorded approximately $1.346 billion in DEX trading volume over the past 24 hours.

Analysis: The continued decline in Robinhood Chain revenue suggests that the Stock Meme narrative has started to lose momentum. Although on-chain DEX trading volume remains relatively high, capital and market attention appear to be shifting away from the Stock Meme trend that previously attracted significant interest. In the short term, trading activity and speculative demand for related tokens could face further cooling.

3. CLARITY Act Adds Ethics Provisions, Odds of Passage Rise to 33%

Event: Republican senators released a revised version of the CLARITY Act that includes new ethics provisions targeting President Trump. The changes would require him to divest “substantial” crypto-related financial interests or place them in a blind trust, while also allowing state attorneys general to help enforce the ethics provisions. Following the announcement, Predict.fun data showed that the probability of the CLARITY Act passing by year-end briefly rose by about 10 percentage points to 33%. The Senate is expected to hold a key procedural vote on the bill this Tuesday.

Analysis: Trump’s concessions on potential conflicts of interest could reduce some political resistance and create more favorable conditions for the bill to advance. However, a 33% probability still reflects significant uncertainty. If the upcoming procedural vote progresses smoothly, it could further strengthen expectations for a clearer U.S. crypto regulatory framework and provide support for risk appetite across the crypto market.

4. Anthropic Reportedly Picks Nasdaq for Potential IPO, Boosting AI Capital-Market Interest

Event: Business Insider reports that Anthropic has selected Nasdaq for its potential IPO. The listing could happen as early as October. The company was previously valued at around $2 trillion, but its final valuation remains unclear.

Analysis: An Anthropic IPO could boost investor interest in AI stocks. It would also add another major tech company to Nasdaq. Anthropic and OpenAI’s different approaches to AI safety, business models, and capital markets could remain a key theme for the sector.

5. LAPTOP Crashes 99% After Launch, Highlighting Liquidity Risks in Meme Coins

Event: According to GMGN data, LAPTOP, a meme coin launched by Hunter Biden, experienced extreme price volatility shortly after launch due to its extremely thin liquidity pool. Its FDV briefly surged to approximately $314 billion before quickly collapsing. On September 13, LAPTOP’s FDV briefly fell below $300 million and currently stands at around $310 million, down more than 25% over the past 24 hours and more than 99.9% from its peak.

Analysis: The extreme price spike during the launch caused LAPTOP’s FDV to deviate significantly from its actual market value within a very short period, while limited liquidity amplified price swings. As speculative interest quickly faded, LAPTOP’s sharp decline also highlighted the highly speculative and short-lived nature of political figure-themed Meme narratives.

＼ 🚀 Ready for the Next Market Rally?／

Key Highlights to Watch This Week

1. Token Unlock Overview

Several tokens are set to undergo large one-time unlocks this week, with ZRO, ARB, and CONX recording the largest unlock values at approximately $25.84M, $12.28M, and $13.20M, respectively. Among them, YZY, ZRO, and STRK have relatively high unlocks as a percentage of their circulating supply, which could create more noticeable short-term supply pressure.

Overall, against a backdrop of weak risk appetite, large token unlocks could increase selling pressure and price volatility for the affected assets. Investors should closely monitor post-unlock capital flows and the market’s ability to absorb the additional supply.

2. Key Events Ahead

Next week, global markets will enter a busy period of policy and regulatory developments. Among the key events to watch are the Federal Reserve’s September rate decision, the U.S. Senate’s procedural vote on the CLARITY Act, and the launch of Circle’s Arc mainnet.

The Fed’s rate decision will be a key driver of the U.S. dollar, Treasury yields, and risk appetite across crypto markets, while the CLARITY Act vote could prompt markets to reassess expectations for the implementation of a clearer U.S. crypto regulatory framework.

Meanwhile, the launch of Circle Arc and the review of U.S. crypto tax legislation will keep institutional-grade blockchain infrastructure and crypto regulation in focus. Overall, next week’s macro policy decisions, regulatory developments, and institutional crypto adoption will likely play a major role in shaping short-term market trends.