According to CoinMeta, the price of Bitcoin fell below $775,000 during trading on September 1st. Rising oil prices, increasing bond yields, and concerns about U.S. interest rate hikes offset strong spot ETF capital inflows. During this period, Bitcoin traded at around $77,500, a decrease of about 1.6% from the previous 24 hours. The asset reached $79,225 earlier in the trading session but was then pushed down to a intraday low of $77,318 by selling pressure. Bitcoin's decline broke below its short-term support range of $77,700 to $78,000, and it is currently about 4.6% lower from its nearest local high of $81,280. Despite this pullback, Bitcoin remains above its main daily moving average.