Bitcoin trades around $84,000 after profit booking as rising US Treasury yields pressure crypto markets
Profit-taking and rising Treasury yields pushed Bitcoin lower as traders watched for support near $82,500 and a possible 0.25% Federal Reserve hike.
- On Monday, September 29, 2026, Bitcoin retreated to about $84,000 from a weekly high near $87,392 as rising U.S. Treasury yields and elevated oil prices pressured risk assets.
- Renewed U.S.-Iran tensions and higher borrowing costs drove the risk-off sentiment after President Donald Trump rejected Iran's terms for reopening the Strait of Hormuz, pushing Brent crude toward $108 a barrel.
- Data from Farside Investors shows U.S. spot Bitcoin ETFs attracted roughly $2.39 billion in net inflows during the Sept. 21-25 trading week, while whale addresses holding 100 to 1,000 BTC added 113,950 BTC since mid-July.
- Market leverage was flushed as Bitcoin consolidated near $84,000, with futures open interest dropping to 650,000 BTC as traders reduced positions and monitored support near $83,000 and $82,000.
- Markets await the August Personal Consumption Expenditures index on Wednesday and September nonfarm payrolls on Friday, which analysts expect will determine if Bitcoin reclaims the mid-$80,000s or if yields keep risk assets under pressure.
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Bitcoin, having surpassed $84,000 following a recent surge, is continuing to consolidate with a slight decline. According to CoinMarketCap, a virtual asset market data platform, on the 28th, the price of Bitcoin recorded $84,402, down 0.03% from the previous day. Ethereum, the second-largest by market capitalization, is trading at $2,686, down 0.27%, while XRP is trading at $1.51, down 0.92%. In the market, the recent short-term surge
The bitcoin falls on Friday (25), at $83,000, but it came to be negotiated above $84,000 this morning. The movement even occurs with a pause in the high interest rate on American bonds and a new fall in oil, reducing part of the pressure that hit the risk assets in the last few days. At around 11:00, the bitcoin fell 0.2%, to $83,854.36, with the most consolidated downward movement in the last hour, according to CoinGecko. In Brazil, the cryptoc…
The Economic Times
Times of IndiaBitcoin trades around $84,000 after profit booking as rising US Treasury yields pressure crypto markets
Bitcoin traded near $84,000 following profit-booking from recent highs as surging US Treasury yields pressured risk assets. Despite intraday volatility and $80 million in long liquidations, consistent ETF inflows, whale accumulation, and key support levels suggest underlying demand for BTC remains firm amid ongoing macroeconomic headwinds.
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