Key Facts
- Bitcoin settled at US$76,568 down 2.16% on Thursday, September 10, 2026, as hotter US producer prices revived fears of another Federal Reserve rate hike.
- Ethereum closed at US$2,437 a drop of 1.21%, while Solana fell 2.87% to US$98.69 and XRP slid 4.24% to US$1.3353.
- Roughly US$39.28 million in BTC futures positions were liquidated over 24 hours, forcing leveraged traders to sell and amplifying the decline.
- In Brazil, stablecoins reached 98% of a US$6.9 billion quarterly crypto volume in the first quarter of 2026, showing how dollar-linked tokens dominate local turnover.
- Argentina saw USDT and USDC account for more than 70% of crypto purchases, and about 75% of crypto-paid workers chose to receive salaries in stablecoins.
- El Salvador’s digital-currency remittances hit US$35.4 million in the first half of 2026, yet that represented only 0.7% of the country’s roughly US$5.06 billion in total remittances.
Today’s Focus
Bitcoin settled at US$76,568 on Thursday, a 2.16% fall, after US producer price data came in hotter than expected and pushed Treasury yields to new multidecade highs. Traders read the inflation overshoot as raising the odds of another Federal Reserve rate hike, which hurts assets that pay no interest, like Bitcoin.
Ethereum fell 1.21% to US$2,437, Solana dropped 2.87% to US$98.69, and XRP lost 4.24% to US$1.3353. Around US$39.28 million in BTC futures positions were liquidated over 24 hours, forcing leveraged bulls to dump coins into a falling market.
For Latin America, the session matters less for Bitcoin’s price and more for what it signals about dollar liquidity. The region’s crypto use is overwhelmingly stablecoin-driven: Brazil saw stablecoins reach 98% of a US$6.9 billion quarterly volume, while Argentina’s crypto purchases were more than 70% USDT and USDC.
Remittances remain the region’s most tangible crypto use case. Latin America and the Caribbean received nearly US$170 billion in remittances in 2024, and stablecoin transfers have cut fees by as much as 92% versus traditional channels in some cases.
What matters today. A Bitcoin selloff driven by US rate expectations tightens dollar liquidity globally, which is the very pressure that pushes Latin Americans deeper into stablecoins as a hedge.
01 The session in one read
Bitcoin settled at US$76,568 on Thursday, September 10, 2026, a drop of 2.16% in a session dominated by a hotter-than-expected US producer price report. The overshoot pushed long-dated Treasury yields to new multidecade highs and strengthened the case for the Federal Reserve to keep rates elevated.
Ethereum closed at US$2,437, down 1.21%, Solana fell 2.87% to US$98.69, and XRP slid 4.24% to US$1.3353. Roughly US$39.28 million in Bitcoin futures positions were liquidated during the slide, a classic deleveraging cascade that turned an orderly dip into a faster one.
The slide in Bitcoin and majors was a textbook reaction to stickier US inflation, not a structural crypto event. The key chain is mechanical: hotter producer prices lifted Treasury yields, which lifted the dollar and pressured everything priced in it, including tokens. For Latin America, the variable to watch is not Bitcoin’s next support level but whether US short-term rates keep climbing, because that directly affects the cost and availability of the dollars behind the region’s dominant stablecoin trade.
Variable to watch: the next US Federal Reserve policy signal and its effect on the dollar index.
02 The board
The four major tokens moved in the same direction for the session, with XRP the weakest link at a 4.24% fall to US$1.3353. Solana dropped 2.87% to US$98.69, underperforming Ethereum, which lost 1.21% to US$2,437.
Bitcoin’s 2.16% decline to US$76,568 matters most because it is the benchmark for the whole market. A move below the US$77,000 round number concentrated attention on whether leveraged traders have finished flushing out.
| Asset | Level | Change |
|---|---|---|
| Bitcoin | US$76,568 | -2.16% |
| Ethereum | US$2,437 | -1.21% |
| Solana | US$98.69 | -2.87% |
| XRP | US$1.3353 | -4.24% |
Source: RT close, 2026-09-10. Where a commodity has no spot feed, an exchange-traded tracker or leading producer is shown as a labelled proxy.
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Latin America — Cross-Market Board
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 175,958.18 | -0.37% | +20.53% | 176,608.23 | 178,526 | 175,157 | — |
| IPSA | 10,697.16 | +1.15% | — | 10,575.59 | 10,722 | 10,633 | — |
| IPC MEX | 69,470.99 | -0.58% | +12.94% | 69,879.62 | 70,008 | 69,383 | 32,552,133 |
| MERVAL | 2,848,945 | — | +12.65% | 2,859,051 | — | — | — |
| COLCAP | 2,506.20 | +0.05% | — | — | — | — | — |
| USD/BRL | 5.33 | -1.50% | -1.01% | 5.42 | 5.42 | 5.30 | — |
| EUR/BRL | 5.94 | +7.37% | -5.01% | 5.54 | 6.04 | 5.92 | — |
| USD/MXN | 18.63 | +0.31% | +1.16% | 18.57 | 18.68 | 18.54 | — |
| USD/CLP | 980.52 | -0.87% | +5.32% | 989.13 | 991.87 | 979.07 | — |
| USD/COP | 3,155 | +3.24% | -17.81% | 3,056 | 3,173 | 3,111 | — |
| USD/PEN | 3.45 | +0.05% | +3.73% | 3.44 | 3.45 | 3.44 | — |
| USD/ARS | 1,538 | -0.21% | +3.84% | 1,541 | 1,541 | 1,538 | — |
| USD/UYU | 40.21 | +3.57% | +2.29% | 38.83 | 40.21 | 40.08 | — |
| USD/PYG | 5,803 | +3.78% | -16.54% | 5,592 | 5,803 | 5,735 | — |
| USD/BOB | 11.97 | +4.93% | +77.92% | 11.41 | 11.97 | 11.82 | — |
| USD/DOP | 59.85 | +0.67% | -5.43% | 59.45 | 61.14 | 59.85 | — |
| USD/CRC | 451.24 | +2.13% | -7.80% | 441.83 | 451.40 | 450.04 | — |
| USD/GTQ | 7.64 | +3.23% | +2.18% | 7.40 | 7.64 | 7.64 | — |
03 What moved it
The immediate driver was the US producer price index, which came in above forecasts and reignited fears that the Federal Reserve may raise rates again rather than cut them. Higher rates make holding non-yielding assets like Bitcoin less attractive relative to cash and short-dated bonds.
The inflation data also coincided with a further surge in oil prices and a jump in the 30-year US bond yield to a new 19-year high. That combination tightened financial conditions globally and hit risk assets from stocks to crypto in the same session.
On-chain and derivatives data added fuel: the liquidation of roughly US$39.28 million in BTC futures positions forced leveraged traders to sell into weakness, accelerating the slide below US$77,000.
04 The Latin American read
For Latin America, the more durable story is the region’s reliance on stablecoins rather than Bitcoin’s daily swings. In Brazil, about 90% of reported crypto turnover is stablecoin-denominated, and first-quarter 2026 data showed stablecoins reached 98% of a US$6.9 billion quarterly volume.
Argentina shows the same pattern more sharply: USDT and USDC accounted for more than 70% of crypto purchases, and roughly 75% of crypto-paid workers chose to receive salaries in stablecoins. That is a direct response to peso inflation and capital controls.
El Salvador’s experiment remains marginal by comparison. Digital-currency remittances reached US$35.4 million in the first half of 2026, but that was still only 0.7% of the country’s roughly US$5.06 billion in total remittances.
The remittance angle is where stablecoins do their most concrete work in the region. Latin America and the Caribbean received nearly US$170 billion in remittances in 2024, and stablecoin transfers can cut fees by as much as 92% versus traditional channels.
05 The names to watch
MoneyGram launched a Visa stablecoin debit card, following Western Union’s lead, as both remittance giants push blockchain-based settlement into their core corridors. For Latin America, this is a frontline competitive move in the region’s largest cross-border payment flow.
Metaplanet, the Japanese Bitcoin treasury company, faced shareholder backlash over equity allocations for insiders, a reminder that corporate Bitcoin holders face governance scrutiny as prices fall. The European Securities and Markets Authority also warned that growing crypto ties to traditional finance could amplify systemic risks, citing tokenised shares and DeFi exploits.
The UK House of Lords backed a mandatory digital asset strategy, pushing the Treasury to cover cryptoassets, stablecoins, tokenised securities and digital financial infrastructure. Regulatory clarity in major jurisdictions tends to set the pattern that Latin American regulators later adapt.
06 The outlook
The near-term direction for Bitcoin and majors hinges on whether US inflation data continues to surprise to the upside. A further rate-hike repricing would keep pressure on leveraged longs and could test lower levels in the coming sessions.
For Latin America, the outlook is more stable even when token prices are not. Stablecoin dominance in Brazil and Argentina suggests the region’s crypto use is consolidating around payments, remittances and dollar hedging, not speculation on token prices.
07 What to watch
- US Federal Reserve policy: Any signal on rates moves the dollar, which in turn moves both token prices and the stablecoin liquidity Latin Americans rely on.
- Brazil stablecoin volumes: First-quarter data showed 98% of a US$6.9 billion quarterly volume; next quarter’s data will test whether that share is structural.
- MoneyGram and Western Union stablecoin cards: Their rollout in LatAm corridors could accelerate remittance fee compression and adoption among non-crypto users.
- Bitcoin futures liquidations: After US$39.28 million in one session, another liquidation cascade would amplify any further downside move.
Frequently Asked Questions
Why did Bitcoin fall on Thursday?
Hot US producer price data raised the chance of another Federal Reserve rate hike, lifting bond yields and pressuring non-yielding assets like Bitcoin.
What are stablecoins, and why do they matter in Latin America?
Stablecoins are dollar-linked tokens such as USDT and USDC. They give Latin Americans a way to hold dollars, hedge inflation and move money across borders without traditional banking friction.
Is El Salvador’s Bitcoin adoption working?
Digital-currency remittances reached only US$35.4 million in the first half of 2026, just 0.7% of total remittances, suggesting adoption remains niche despite legal-tender status.
How much can stablecoins cut remittance costs?
A 2026 survey of 4,600 users across 15 Latin American countries found stablecoin transfers cost 40% less on average than traditional channels, with savings as high as 92% in some cases.
Market data: RT
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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