Bitcoin's price dropped to around $83,000, retreating from last week's peak of $87,315, even as US spot Bitcoin ETFs saw record inflows of $2.39 billion in a week. This divergence suggests that increased institutional demand is being offset by significant selling near the $84,000-$85,000 range. Higher global bond yields and expectations of further Fed rate hikes are also pressuring Bitcoin, making it less attractive compared to other cryptocurrencies like Ethereum, XRP, and Solana, which have shown more resilience. The key level to watch is $83,000; a sustained move below could deepen the pullback, while a rise above $85,000 might signal renewed buying strength.
Bitcoin's recent price movement is provided here as context for readers. For those tracking major cryptocurrencies on Pluang as of Sep 28, 2026 12:21 WIB, 10 out of 50 priced assets rose while 39 fell. Notable gainers include GRT with a 19.29% increase at Rp583, BAL up 11.14% at Rp16.297, and EOS rising 8.13% at Rp12.649.
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