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US business activity hits 5-year high, boosting rate hike odds and pressuring stocks and Bitcoin

Market News
23 Sep 2026
Tokenpost
View Source
Bearish
US business activity hits 5-year high, boosting rate hike odds and pressuring stocks and Bitcoin

US business activity surged in September to its fastest pace since July 2021, pushing expectations for a Federal Reserve rate hike in October to about 70%. This led to higher Treasury yields, with the 10-year yield rising above 5%, and caused declines in major US stock indexes and Bitcoin prices. The strong growth data raised concerns that interest rates may stay elevated longer to combat inflation. Investors are closely watching the Fed's next moves amid these economic signals.

As of Sep 24, 2026 10:21 WIB, Bitcoin trades on Pluang at Rp1.500.000.000, down 2.94% in the past day with a market cap of Rp30.286,35 trillion. The platform shows a nearly balanced order activity with 51% selling and 49% buying, while typical hold time is 110 days. This trading behavior coincides with the broader market reactions to the US economic data and Fed rate hike expectations noted in the news.

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