What happened in this Finance story?

Bitcoin dropped to $77,600 — its lowest level since September 3 — after Houthi strikes on Saudi Arabia lifted WTI crude toward $95 and pulled US stocks lower in the first post-Labor Day session.

What is a key fact in this story? (1)

**Bitcoin** fell as low as $77,600 before a modest rebound, with analyst Rekt Capital flagging the $78,300 zone as the key support level now under retest.

What is a key fact in this story? (2)

**Houthi strikes** on Saudi Arabian cities and oil infrastructure pressured US equities in the first post-Labor Day session, with the S&P 500 down 0.5% and the Nasdaq Composite off 0.4%.

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Bitcoin faces key support test at $78.3K as US crude oil hits three-month high — SkimNews

By Cointelegraph · Summarized & edited by Kapil Samant · 2026-09-08

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Bitcoin fell as low as $77,600 before a modest rebound, with analyst Rekt Capital flagging the $78,300 zone as the key support level now under retest.
Houthi strikes on Saudi Arabian cities and oil infrastructure pressured US equities in the first post-Labor Day session, with the S&P 500 down 0.5% and the Nasdaq Composite off 0.4%.
WTI crude surged toward $95 per barrel — its highest level since June 8 — while Brent crude targeted the $100 mark for the first time since July 24.
The Kobeissi Letter tied a concurrent record rise in US diesel prices to mounting inflation expectations, noting that Friday's CPI release will be the next major data point.
Donald Trump dismissed the oil spike on Truth Social, writing that prices would drop "precipitously" to three dollars a gallon and ultimately below two once the US wins its war with Iran.
Rekt Capital compared the current setup to Bitcoin's failed May breakout at $82,800, warning that a weekly close below $78,300 followed by a bearish retest would likely confirm a breakdown extending the 2026 bear market.

Why it matters: The $78,300 zone is now Bitcoin's last major support — a weekly close below it could confirm a breakdown mirroring the May rejection at $82,800, per Rekt Capital. Simultaneously, Brent crude's push toward $100 amplifies energy-driven inflation pressure ahead of Friday's CPI release, forcing traders to price in cost increases that could ripple across risk assets.