TLDR
- Bitcoin rebounded above $84,000 after briefly touching $85,000 over the weekend before reversing.
- US spot crypto ETFs pulled in $64.8 million combined on Monday, down about 80% from Friday’s $330.8 million.
- Bitcoin futures open interest fell to a year-to-date low of 628,000 BTC, signaling less leverage in the market.
- Bitcoin ETFs extended their inflow streak to eight straight sessions, while Zcash ETFs posted an $8.1 million outflow.
- Rising Treasury yields and U.S.-Iran tensions kept broader risk appetite in check.
Bitcoin traded above $84,000 on Tuesday morning, recovering some of its recent losses. The price had climbed as high as $85,000 over the weekend before falling back.
The world’s largest cryptocurrency was up 1.36% to $84,000 by 6:40 a.m. ET, according to Investing.com data. Ether also posted gains, leading a modest recovery among major tokens.
Rising Treasury yields and ongoing U.S.-Iran tensions kept investors cautious. Markets are still pricing in the possibility of more interest rate hikes from the Federal Reserve.
Yields and Geopolitics Weigh on Sentiment
Benchmark 10-year Treasury yields hit a 19-year high in September. This came after the Fed raised rates by 25 basis points and gave a hawkish outlook due to sticky inflation.
JUST IN 🚨: U.S. 30-Year Treasury Yield closes at 5.56%, the highest level since August 2003 🤯 👀 pic.twitter.com/NQUcF7Crym
— Barchart (@Barchart) September 28, 2026
Oil prices also rose this week as U.S.-Iran negotiations showed little progress. President Trump denied reports over the weekend that he had offered Iran relief in exchange for guarantees on the Strait of Hormuz and its nuclear program.
Higher interest rates tend to hurt speculative assets like crypto. This is because they raise the cost of holding non-yielding assets compared to safer options like bonds.
One bright spot came from traditional finance. Citi expanded its digital asset services to Japan and the United Arab Emirates, a move some market watchers see as a sign of growing institutional interest.
ETF Flows Cool but Streaks Hold
US spot crypto ETFs attracted $64.8 million combined on Monday. This was a drop of roughly 80% from the $330.8 million recorded on Friday.
According to SoSoValue, US Bitcoin spot ETFs saw a total net inflow of $31.07 million yesterday (September 28, Eastern Time), marking 8 consecutive trading days of net inflows. Meanwhile, Ethereum spot ETFs recorded a total net inflow of $17.10 million yesterday, marking their… pic.twitter.com/zx8DTSV4a0
— Wu Blockchain (@WuBlockchain) September 29, 2026
Bitcoin ETFs led Monday’s inflows with $31.07 million. Ether ETFs followed with $17.1 million, while Solana funds brought in $12.7 million and XRP ETFs added $3.96 million.
Despite the slowdown, all four categories stayed positive and kept their inflow streaks alive. Bitcoin ETFs extended their streak to eight straight trading sessions, pulling in about $3 billion over that period.
Ether ETFs recorded a seventh straight positive session. BlackRock’s iShares Ethereum Trust accounted for $15.4 million of Monday’s Ether total.
Solana ETFs extended their streak to seven sessions, with Bitwise’s BSOL fund leading the inflows. XRP ETFs posted a fifth consecutive positive day, with Canary Capital’s XRPC fund taking in the entire category total.
Zcash was the exception. Its U.S. ETF posted an $8.1 million outflow on Monday after adding about $35 million the week before.
Bitcoin futures open interest, the total value of outstanding contracts, fell to a year-to-date low of 628,000 BTC. This is down from 763,000 BTC at the start of August, when bitcoin traded near $63,000, according to Coinglass data.
Traders are entering the fourth quarter, historically bitcoin’s strongest period, with less leverage in the market and retail interest still muted.
