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Bitcoin dips below $86K as funds shift to Bitcoin Cash and Zcash amid rising oil and US rates.

Market News
23 Sep 2026
Cointribune
View Source
Neutral
Bitcoin dips below $86K as funds shift to Bitcoin Cash and Zcash amid rising oil and US rates.

Bitcoin fell below $86,000, dropping to $85,500, while Bitcoin Cash surged 28% and Zcash rose 9%, driven by CME Group's announcement to list BCH futures. Rising oil prices and US 2-year Treasury yields have increased expectations of a Fed rate hike, adding caution to the market. Despite Bitcoin's dip, BlackRock invested $1.02 billion into its IBIT ETF over four days, accumulating 787,075 BTC, signaling strong institutional confidence. A technical indicator also suggests potential bullish momentum, making the current drop more of a market test than a trend reversal.

As of Sep 24, 2026 00:21 WIB, Bitcoin trades at Rp1.498.061.872 on Pluang, down 3.24% in one day. Bitcoin Cash shows resilience with a 7.45% gain, priced at Rp6.237.327, despite a majority of sell orders. Zcash, however, is down 3.28%, trading at Rp27.013.373, reflecting mixed investor sentiment on the platform.

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