💥Bitcoin slips below $84K in a broad crypto sell-off, driven by surging US Treasury yields, while ETF inflows stay strong.💥
On Sept 24, 2026, Bitcoin dropped ~2–4% to around $83,800–$84,100 (still up >10% weekly after recently topping ~$87K). Ethereum fell similarly to ~$2,670–$2,690. The total crypto market cap slid ~2.6–2.9% to about $2.95T. Higher-beta alts like XRP, Dogecoin, and others saw sharper declines (XRP down ~5–7%).
The pullback stems from stronger-than-expected US business activity data, which pushed the 10-year Treasury yield to ~5.11% (highest since 2007) and the 5-year above 5%, pressuring risk assets alongside a firmer dollar. Fed commentary on possible further rate hikes added to the caution.
Countering the price drop: US spot Bitcoin ETFs continued inflows (hundreds of millions, extending a multi-day streak, with BlackRock among leaders), and Ethereum ETFs also saw positive flows. Other notes include Binance listing Hyperliquid’s HYPE token, ongoing tokenization moves (e.g., NYSE/Blockchain.com talks), and a $15B+ Bitcoin options expiry looming Friday.
Overall: healthy consolidation after a strong weekly run, with institutional demand intact despite the macro headwind.
On Sept 24, 2026, Bitcoin dropped ~2–4% to around $83,800–$84,100 (still up >10% weekly after recently topping ~$87K). Ethereum fell similarly to ~$2,670–$2,690. The total crypto market cap slid ~2.6–2.9% to about $2.95T. Higher-beta alts like XRP, Dogecoin, and others saw sharper declines (XRP down ~5–7%).
The pullback stems from stronger-than-expected US business activity data, which pushed the 10-year Treasury yield to ~5.11% (highest since 2007) and the 5-year above 5%, pressuring risk assets alongside a firmer dollar. Fed commentary on possible further rate hikes added to the caution.
Countering the price drop: US spot Bitcoin ETFs continued inflows (hundreds of millions, extending a multi-day streak, with BlackRock among leaders), and Ethereum ETFs also saw positive flows. Other notes include Binance listing Hyperliquid’s HYPE token, ongoing tokenization moves (e.g., NYSE/Blockchain.com talks), and a $15B+ Bitcoin options expiry looming Friday.
Overall: healthy consolidation after a strong weekly run, with institutional demand intact despite the macro headwind.