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Saturday, 26 September 2026dailybeirut.com
Tech & Science
Bitcoin stabilized near $84,000 as rising US Treasury yields pressured the market, while institutional inflows into spot ETFs provided support.
Bitcoin prices held steady close to the $84,000 mark during Saturday trading sessions. The cryptocurrency faced downward pressure from climbing returns on US Treasury bonds, yet maintained stability due to continued capital flows into spot exchange-traded funds and growing institutional demand for digital assets.
The primary headwind originated in the bond sector. On Friday, the yield on 10-year US Treasury notes surpassed 5.2%, reaching its highest level since 2007. This surge enhanced the appeal of fixed-income instruments, thereby dampening appetite for Bitcoin and other high-risk asset classes.
Despite these pressures, Bitcoin recorded a price of $83,981.20, reflecting a minor decline of approximately 0.27%. Earlier in the week, the token had briefly approached the $85,000 threshold on Friday but had previously dropped below $83,000. Institutional money helped mitigate the impact of rising yields. US spot Bitcoin ETFs attracted roughly $2.65 billion over five consecutive trading days through Wednesday. Of this total, about $347 million flowed in during Wednesday’s session alone. BlackRock’s IBIT fund and Fidelity’s FBTC fund captured the majority of these inflows.
Other cryptocurrencies experienced modest gains. Ethereum, ranked second by market capitalization, rose 0.35% to trade at $2,689.67. XRP, the third-largest crypto asset, climbed 1.55% to reach $1.5566. Solana increased by 3.64% to hit $120.67, while BNB edged up 0.12% to $774.28. Cardano gained 3.39% to settle at $0.2565, and Dogecoin advanced by 3.05%.
In contrast, the TRUMP token fell 1.31%. Shiba Inu bucked the trend among some losers, posting a 2.60% increase.
Strategy, recognized as the largest corporate holder of Bitcoin, continues to expand its financing model tied to the digital currency. The company proposed implementing daily dividends for four series of its preferred stock. This move aims to boost liquidity and attractiveness for investors, potentially granting Strategy greater access to capital for additional Bitcoin purchases.
The regulatory landscape remains complex. Hester Peirce, a commissioner at the US Securities and Exchange Commission known for advocating clearer rules for cryptocurrencies, announced her departure from the agency effective October 2. Her exit follows her role in leading the task force focused on crypto assets, staking issues, and the classification of tokens and digitized securities.
Peirce’s resignation comes after the US Senate failed to pass the "Digital Asset Market Clarity" bill. Additionally, Summer Mersinger, executive director of the Blockchain Association, stepped down from her position. Former executive director Kristin Smith has returned to serve in an interim capacity.
