The Zhitong Finance App learned that on Thursday, cryptocurrency concept stocks weakened at the beginning of the market. MARA Holdings (MARA.US) fell nearly 5%, CleanSpark (CLSK.US) fell more than 3%, Strategy (MSTR.US), Circle (CRCL.US), and Coinbase (COIN.US) fell more than 2%, and Robinhood (HOOD.US) fell nearly 1%.

According to the news, Bitcoin plummeted 2% to $78,000; Ethereum fell more than 2% to $2,432. US PPI increased 5.4% year-on-year in August, estimated at 5.3%; increased by 0.4% month-on-month, estimated at 0.4%. After the PPI data was released, traders have fully absorbed the expectations of the Federal Reserve's interest rate hike in October.

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