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Gold drops 3.4% amid rising U.S. Treasury yields; Bitcoin slips near $83,000 as Fed rate hike fears grow.

Market News
29 Sep 2026
Crypto news
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Bearish
Gold drops 3.4% amid rising U.S. Treasury yields; Bitcoin slips near $83,000 as Fed rate hike fears grow.

Gold experienced a rare 3.4% single-day decline due to surging U.S. Treasury yields and increased expectations of Federal Reserve rate hikes, hitting its lowest in over seven weeks. Bitcoin also fell toward $83,000, pressured by the same macroeconomic factors including a stronger dollar and rising bond yields, which make non-yielding assets less attractive. Despite this, U.S. spot Bitcoin ETFs saw $2.39 billion in inflows last week, indicating ongoing demand. Investors are now watching upcoming U.S. economic data to gauge whether Treasury yields will stay above 5%, which will influence both gold and Bitcoin prices.

Despite gold's sharp 3.4% drop noted in the news, Bitcoin on Pluang is up 1.06% as of Sep 29, 2026 14:02 WIB, trading at Rp1.509.509.256. The platform shows a strong buyer interest with 66% of orders favoring buys and a typical hold time of 110 days. This suggests that while gold is reacting to bond yields, Bitcoin demand remains resilient on Pluang.

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