New Delhi, September 11, 2026: Cryptocurrency prices showed a modest recovery in early trading on Friday, September 11, but the broader market remained under pressure from rising oil prices, inflation concerns and expectations of tighter US monetary policy. At around 8:31 AM IST, Bitcoin was trading at $76,809, up 0.33%, while Ethereum gained 0.37% to $2,445.93, according to the market snapshot.
Bitcoin's short-term trend remained weak despite the daily gain. The world's largest cryptocurrency was down 3.59% over the past week, although it remained 21.26% higher over the past month. Bitcoin was still down 12.21% year-to-date and 33.84% year-on-year, with a market capitalisation of approximately $1.54 trillion.
Ethereum showed a similar pattern. Ether was down 0.42% weekly but remained 30.24% higher over one month. Its year-to-date decline stood at 17.56%, while the cryptocurrency was down 48.13% compared with a year earlier.
Altcoins Show Strong Monthly Recovery
Several major altcoins recorded gains on Friday morning. Polkadot rose 1.45%, while Cardano gained 0.96%, Cosmos advanced 0.92%, Solana increased 0.68% and XRP climbed 0.54%.
Polkadot remained one of the strongest performers across the selected timeframes, gaining 23.28% in a week and 43.83% in a month. Uniswap was also up 67.16% over one month, despite falling 3.20% during the week.
However, several tokens remained deeply below their levels from a year ago. Cardano was down 77.46% year-on-year, Avalanche 74.28%, Polkadot 74.26%, and Litecoin 55.29%.
Global Macro Risks Remain Important for Indian Crypto Investors
The latest crypto movement comes as global risk assets face pressure from sharply higher crude prices. Brent crude rose to around $109 a barrel, while escalating Middle East tensions have increased concerns over energy supplies and global inflation. Reuters reported that Bitcoin and Ether both fell around 0.8% in later trading on Thursday as the macroeconomic pressure intensified.
US inflation and Federal Reserve policy have also become major catalysts. Markets were assigning roughly a 70% probability of a US rate hike next week, following stronger producer-price inflation and the surge in energy costs.
For Indian investors, these developments matter because higher global interest rates can reduce appetite for riskier assets such as cryptocurrencies, while a weaker rupee can increase the rupee-denominated cost of dollar-priced crypto assets. Bitcoin was around ₹74.56 lakh in India on September 10, while Ethereum traded near ₹2.35 lakh.
The immediate market focus is now on US inflation data and the Federal Reserve's September 16 policy decision, which could determine whether the recent crypto correction deepens or gives way to another recovery.
Disclaimer: Cryptocurrency prices are highly volatile and can change rapidly. This article is for informational and news purposes only and should not be considered investment, financial or trading advice. Investors should conduct their own research and assess the risks before making any cryptocurrency-related decision.
