Bitcoin dropped 2.2% on September 28 to approximately $82,702, after briefly touching an eight-month high above $87,000 earlier in the week. US 10-year Treasury yields crossed the 5% threshold for the first time since 2007, while the Federal Reserve maintained a hawkish stance and traders largely abandoned near-term rate cut expectations. US spot Bitcoin ETFs recorded net inflows exceeding $2.39 billion for the week ending September 25, the largest weekly inflow of 2026, demonstrating strong institutional demand that absorbed some of the selling pressure. Bitcoin remains approximately 33% below its all-time high of around $126,000 set in October 2025.
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