Bitcoin's price fell below $83,000 on September 28-29, triggering the liquidation of about $500 million in leveraged crypto positions and impacting 129,197 traders. The drop was influenced by rising oil prices after geopolitical tensions and a rare 3.4% decline in gold, signaling increased inflation concerns and a higher probability of a Federal Reserve rate hike. This market turmoil also caused significant losses in altcoins and a decrease in bitcoin futures open interest, though some investors moved bitcoin to long-term storage. The situation highlights the interconnectedness of crypto with traditional markets and the risks of high leverage.
Despite the article's note of Bitcoin falling below $83,000, on Pluang as of Sep 29, 2026 14:41 WIB, BTC trades at Rp1.512.995.803 with a positive 1-day change of 1.38%. This contrasts with the reported market turmoil and liquidations affecting many traders. Bitcoin's market cap stands at Rp30.354,75 trillion, and the typical hold time on Pluang is 110 days, indicating some investors maintain longer-term positions even amid volatility.
Bitcoin's price fell slightly below the $84,000 mark to $83,935 during early trading on September 29, as observed on Binance's spot market. Despite the dip, Bitcoin's one-hour price change remained marginally positive at 0.07%, indicating some short-...
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 macroeconomi...
Zcash (ZEC) experienced the highest forced liquidations in the crypto market over a 12-hour period ending early Sept. 29, with $28.73 million in positions closed. This liquidation volume surpassed that of Ether ($15.58 million) and Bitcoin ($15.08 mi...
Spot Bitcoin ETFs recorded $31.07 million in net inflows on September 28, marking eight consecutive days of positive inflows and bringing total cumulative inflows to $57.58 billion. Blackrock’s IBIT led with $54.84 million in daily inflows, reaching ...
Bitcoin maintained its price above $83,000 despite rising inflation fears, geopolitical tensions, and climbing oil prices, showing resilience amid market uncertainty. Meanwhile, Zcash experienced a sharp 12% drop after a historic rally earlier in Sep...
