Bitcoin remained close to $84,000 on Tuesday as higher U.S. Treasury yields and renewed expectations of an October Federal Reserve rate increase limited the cryptocurrency’s upward momentum. At the same time, spot Bitcoin exchange-traded funds recorded their eighth consecutive session of net inflows, indicating continued institutional demand despite pressure from the broader macroeconomic environment.
According to Decrypt, Bitcoin was trading at about $84,000, up 0.9% over 24 hours but down 2% over the previous week based on CoinGecko data. The cryptocurrency has stayed within an $82,000-to-$84,000 range for roughly a week and a half, even as bond yields, oil prices and expectations for monetary policy have shifted.
Bond yields and oil shape the backdrop
The main pressure on Bitcoin has come from markets outside digital assets. The 10-year U.S. Treasury yield reached 5.274% on Monday, its highest level since June 2007, while the 30-year yield climbed to 5.583%, a level last recorded in 2002. Both yields edged lower on Tuesday as crude oil prices retreated.
Higher yields can weigh on assets that do not generate income, including Bitcoin, because investors are simultaneously offered higher returns in government bonds. Oil has been a major factor behind the recent rise in yields and market concerns about inflation.
Brent crude rose above $100 a barrel on Monday and briefly exceeded $108 after President Donald Trump rejected Iran’s seven-day proposal to end the war and reopen the Strait of Hormuz. The benchmark later fell below $104, down about 1.7% on the day, as indirect contacts between U.S. and Iranian officials continued through Qatar and Saudi Arabia restored roughly half the flows through its East-West pipeline, an alternative route to the strait. Gold also fell to a seven-week low.
Kyle Rodda, senior financial market analyst at Capital.com, said rising crude prices were limiting demand for non-yielding assets and had paused Bitcoin’s rally. He nevertheless described Bitcoin’s price action as consolidation within a short-term uptrend, while warning that persistent energy-related risks could make further gains difficult.
ETF inflows provide support
Bitcoin’s relative stability has come alongside strong demand for spot Bitcoin ETFs. Farside Investors data showed eight consecutive sessions of inflows, totaling about $3 billion, according to Block Scholes research analyst Thahbib Rahman.
The latest daily inflow was comparatively modest. SoSoValue reported net inflows of $31.07 million on Monday, including $54.84 million for BlackRock’s IBIT and $10.32 million for Grayscale’s mini trust. Those gains were partly offset by $23.19 million in outflows from Grayscale’s GBTC and $10.90 million from Fidelity’s FBTC.
The spot Bitcoin funds held $107.82 billion, equivalent to 6.42% of Bitcoin’s total market capitalization. Rahman said the continued ETF demand and institutional participation helped explain why Bitcoin had surrendered relatively little ground despite the difficult macroeconomic setting and the Senate’s failure to advance the Clarity Act.
Options positioning suggested that traders were not taking an unqualified bullish stance. The seven- to 30-day 25-delta put-call skew was close to neutral, Rahman said. That indicated a balance between demand for downside protection and positioning for a potential rally.
Bitcoin treasury company Strategy also continued accumulating the asset. The company disclosed that it bought 1,665 BTC for approximately $142.7 million between September 21 and September 27. Its holdings reached 847,666 BTC, exceeding the 847,363 BTC it held in June and setting a record for the company.
Markets await inflation and jobs data
The next major test for expectations about Federal Reserve policy will come from U.S. economic data. August core personal consumption expenditures data and the third estimate of second-quarter gross domestic product are due Wednesday. Core PCE increased 3.3% year over year in July, and the Federal Reserve raised its own 2026 projection for the measure to 3.4% at its latest meeting.
Friday’s September employment report is expected to show payroll growth of about 90,000, compared with 162,000 in August, while unemployment is forecast to remain at 4.1%. Barclays chief U.S. economist Marc Giannoni expects a smaller increase of about 50,000 jobs.
The Fed is scheduled to meet on October 27 and 28, three weeks after delivering its first rate increase since 2023. CME’s FedWatch tool put the probability of another quarter-point increase at 70.3%, up from 55.4% a week earlier and 17.7% a month earlier. Traders on Myriad, a prediction market owned by Decrypt’s parent company Dastan, assigned the outcome a 69% probability.
Moneyiar market picture
Moneyiar market data recorded at 09:39 on October 1, 2026, showed Bitcoin at $83,784.52, up 0.25% over 24 hours and 0.69% over seven days. NEAR Protocol was priced at $5.2270, with gains of 2.55% over 24 hours and 24.23% over seven days.
Monad stood at $0.032064, up 16.64% over 24 hours and 34.42% over seven days. Cap traded at $0.074468, rising 19.83% over 24 hours and 50.14% over seven days. These figures are Moneyiar data at the stated time and may differ from prices reported earlier in the session.
