What happened in this Finance story?

Bitcoin fell to $77,600 — its lowest since September 3 — as it retests critical $78,300 support, while Houthi strikes on Saudi oil infrastructure pushed WTI crude toward $95 per barrel and dragged US stocks lower in the first post-Labor Day session.

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

**Bitcoin** dropped to $77,600, its lowest level since September 3, before rebounding modestly, with analyst Rekt Capital identifying the $78,300 zone as the key retest level currently in progress.

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

**WTI crude** surged toward $95 per barrel, its highest since June 8, while **Brent crude** targeted the $100 mark for the first time since July 24, both reacting to Houthi strikes on Saudi Arabian cities and oil infrastructure.

📎 SkimNews has covered Bitcoin 309+ times · see the file →

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

Get the Finance newsletter

Daily finance — markets, central banks, M&A, the prints that move money. Free.

Bitcoin dropped to $77,600, its lowest level since September 3, before rebounding modestly, with analyst Rekt Capital identifying the $78,300 zone as the key retest level currently in progress.
WTI crude surged toward $95 per barrel, its highest since June 8, while Brent crude targeted the $100 mark for the first time since July 24, both reacting to Houthi strikes on Saudi Arabian cities and oil infrastructure.
The S&P 500 fell 0.5% and the Nasdaq Composite dropped 0.4% in the first trading session after the Labor Day holiday as the Houthi attacks rattled broader markets.
The Kobeissi Letter flagged that inflation expectations are mounting amid a concurrent record rise in US diesel prices, noting the Consumer Price Index (CPI) is again due for release on Friday.
Donald Trump downplayed the oil spike on Truth Social, writing that oil prices would drop 'precipitously' to 'Three Dollars a gallon, but ultimately, below Two Dollars a gallon' once the US wins the war with Iran.
Rekt Capital compared current BTC price action to its failed May breakout at $82,800, warning that a weekly close below $78,300 followed by a bearish retest 'would likely confirm a breakdown' and cement a series of lower highs stretching back to October 2025.

Why it matters: Bitcoin's $78,300 zone is a make-or-break technical level — per analyst Rekt Capital, a confirmed breakdown would lock in its 2026 bear market structure with lower highs stretching back to October 2025. Meanwhile, Brent crude nearing $100 and record diesel prices sharpen inflation stakes heading into Friday's CPI release, while Trump's $2-per-gallon promise underscores the gap between White House messaging and current energy reality.