Gate Research: Oil Prices Above $100 Weigh on Risk Appetite, BTC Falls Below Short-Term Moving Average

• Equity Market Overview: Rising oil prices and higher long-term bond yields weighed on risk appetite, sending all three major U.S. stock indices lower. Hong Kong equities remained range-bound at elevated levels, with technology and consumer stocks diverging. South Korea’s KOSPI climbed back above 7,000, supported by gains in semiconductors, secondary batteries, and energy and chemical stocks.

• Crypto Market Overview: BTC fell approximately 3.78% over the past seven days to $78,192, while ETH declined around 1.64% to $2,466. BTC dominance rose to 58.57%, with capital remaining concentrated in major crypto assets and select segments such as meme coins, AI agents, privacy coins, and the Solana ecosystem.

• Key Highlights: Total stablecoin supply stood at approximately $311 billion, with USDT and USDC accounting for a combined 82.9%. Grayscale’s Zcash-related fund surpassed 550,000 ZEC in holdings, while strength in semiconductor stocks pushed South Korea’s KOSPI back above 7,000.

• This Week’s Focus: The Hunter Biden-backed LAPTOP meme coin plunged more than 99% shortly after launch. Forward Industries urged SkyAI shareholders to oppose the re-election of its directors and its proposed equity incentive plan. Meanwhile, crypto industry groups sought to block Illinois from implementing a 0.2% tax on digital-asset transactions.

• What to Watch Next Week: Token unlocks over the next seven days will primarily involve PUMP, APT, CONX, AVNT, and PEAQ. PUMP is set to unlock approximately $30.47 million worth of tokens, while AVNT’s unlock represents about 11.33% of its circulating supply. U.S. CPI data, the Federal Reserve’s policy meeting, and oil-price movements will also be key factors shaping risk-asset performance.

Discover more details today → Gate Research: Oil Prices Above $100 Weigh on Risk Appetite, BTC Falls Below Short-Term Moving Average

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
September 10, 2026

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