Since early August, Bitcoin's price surged from around $63,000 to nearly $87,000 before settling near $84,600, while the US dollar index (DXY) also climbed from about 98.4 to above 101. This simultaneous rise is unusual as Bitcoin and the dollar typically move in opposite directions. The recent price action shows Bitcoin maintaining gains despite a stronger dollar, partly due to crypto market dynamics like liquidations of short positions. The Federal Reserve's rate hikes and upcoming US economic data will continue to influence this relationship, making it uncertain if this decoupling is permanent.
Bitcoin's recent price surge contrasts with the US dollar's rise, an unusual dynamic. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Sep 28, 2026 01:02 WIB: Among 50 major cryptocurrencies tradable on Pluang, 15 rose and 34 fell today. Notable movers include SNX at Rp4.698 with a -2.91% change and 93% buy orders, XTZ at Rp5.834 with a -2.72% change and 100% buy orders, and FIL at Rp20.597 with a -2.67% change and 59% buy orders.
Quant (QNT) surged 54.89% to $187.02 on September 27, 2026, with reported volume of $710 million. However, on-chain analysis shows 77.4% of this volume is wash trading, suggesting the price move may be artificially inflated. Additionally, net inflows...
Ethena (ENA) token price increased from $0.2705 to $0.2929 within four hours on September 27, marking an 8.28% gain on Binance's ENA/USDT spot market. The token also showed a 7.64% rise compared to the previous 24 hours. During the same period, short...
The FDA approved Eli Lilly's Onswik, a once-weekly basal insulin for adults with type 2 diabetes, marking a useful extension to its diabetes treatments. While the stock rose 2.85% to $1,183.76, this new insulin is unlikely to significantly change the...
Hut 8 has been named the winning bidder for two former Poolin Bitcoin mining campuses in West Texas, offering $140 million in cash and other considerations. The sale, subject to approval by a New Jersey bankruptcy judge, includes the Pyote and Tarbus...
Union Pacific, CSX, and Norfolk Southern reported robust second-quarter results driven by strong freight volumes and pricing power. Union Pacific leads with a rising dividend supported by high cash flow and strategic capacity expansions. CSX offers s...
