Bitcoin Price Surges Above €90K: What’s Fueling the Autumn 2026 Crypto Rally?

Wall Street lost ground Tuesday as fresh U.S. inflation data injected uncertainty into the interest rate outlook, putting pressure on stocks and bonds alike. ## Inflation Print Halts Rally A hotter-than-expected consumer price index (CPI) report for August sent a ripple through financial markets. The **S&P 500** fell, snapping its three-day winning streak, while Treasury yields climbed as traders recalibrated expectations for the Federal Reserve’s next move. ## Market Overview The **S&P 500** closed down **0.7%** at **4,670**, while the **Nasdaq Composite** dropped **0.9%** to **14,870**. The **Dow Jones Industrial Average** lost **0.6%**, ending the session at **36,440**. All three major indexes reversed early gains after the inflation data landed. In the bond market, the yield on the **10-year U.S. Treasury** rose to **4.37%**—its highest level in nearly a month. Investors sold bonds amid concerns that persistent inflation could delay the timing of potential rate cuts. Commodities followed suit. **WTI crude oil** slipped **1.2%** to **$81.30** a barrel, weighed down by a slightly stronger dollar and concerns about demand. **Gold** edged lower, settling at **$1,930** an ounce as higher yields and a firmer greenback dented appeal for the safe-haven metal. The **U.S. Dollar Index (DXY)** advanced to **104.8**, reflecting renewed demand for the dollar against major peers. The **EUR/USD** pair fell to **1.067**, its lowest level since July, as investors rotated into the dollar after the inflation surprise. For those considering cross-border transactions or euro-denominated savings, today’s FX move highlights the importance of choosing the right vehicle—see our guide on how to choose the best EUR stablecoin for saving and spending in Europe. ## Key Movers Tech stocks led the decline. **Apple (AAPL)** dropped **1.5%** after reports of weaker-than-expected iPhone pre-orders in China. **Nvidia (NVDA)** and **Microsoft (MSFT)** also retreated, each losing more than **1%** as investors rotated out of high-growth names. Banks bucked the trend. **JPMorgan Chase (JPM)** gained **0.8%**, and **Bank of America (BAC)** rose **0.6%**, as rising yields improved the sector’s outlook for interest income. Energy names lagged alongside oil prices—**ExxonMobil (XOM)** slipped **1.1%**. In Europe, the **Stoxx 600** fell **0.4%**, tracking Wall Street’s afternoon reversal. The euro’s slide against the dollar added to pressure on European assets, highlighting the impact of FX volatility on cross-border portfolios. For investors navigating euro exposure, our step-by-step tutorial on using EUR stablecoins for cross-border payments may be worth a read. ## What to Watch Eyes now turn to Wednesday’s U.S. producer price index (PPI) for further inflation clues. Several Fed officials are scheduled to speak this week, giving investors more insight into the central bank’s reaction function with the next policy meeting just days away. On the earnings front, Adobe and FedEx are slated to report, providing fresh reads on enterprise demand and consumer logistics. With volatility rising and data in focus, markets will be watching for any sign that inflation pressures are easing—or that the Fed is preparing to hold rates higher for longer. Stay tuned for more coverage and actionable insights as the week’s economic calendar unfolds.