Bitcoin gained 1.36 percent to $84,092.30, while Ethereum advanced 2.07 percent to $2,712.80.
Aave rose 12.18 percent, Avalanche gained 10.75 percent and Chainlink climbed 10.56 percent in the latest snapshot.
Bitcoin and most major cryptocurrencies rebounded on Tuesday, recovering part of the previous session’s losses even as elevated U.S. Treasury yields, higher oil prices and renewed expectations for Federal Reserve rate increases continued to weigh on appetite for riskier assets.
Bitcoin traded at $84,092.30, up 1.36 percent over 24 hours, while remaining 2.29 percent lower over seven days. Its market capitalization stood at approximately $1.69 trillion, with 24-hour trading volume of around $33.95 billion. The move returned the world’s largest cryptocurrency above $84,000 after it fell below $83,000 during Monday’s broader risk-off move.
The macro backdrop remained challenging. U.S. 10-year Treasury yields were hovering near a 19-year high of 5.27 percent, while elevated oil prices continued to reinforce inflation concerns and expectations that interest rates could remain restrictive. Reuters said markets were assigning roughly a 72 percent probability to another Federal Reserve rate increase in October, while the dollar remained supported by higher yields and geopolitical uncertainty.
Those conditions can pressure cryptocurrencies by increasing the relative appeal of yield-bearing assets and tightening financial conditions, although Tuesday’s rebound showed that crypto-specific demand remained supportive.
Bitcoin regains $84,000
Tuesday’s advance represented a partial recovery rather than a full reversal of the recent pullback. Bitcoin had traded above $87,000 during the previous week before renewed pressure from global bond markets, energy prices and the dollar interrupted the rally.
Ethereum outperformed Bitcoin in the latest snapshot, climbing 2.07 percent to $2,712.80, although it remained 1.20 percent lower over seven days. Ether’s market capitalization stood at approximately $331.79 billion, with 24-hour trading volume of $15.37 billion.
BNB gained 0.30 percent to $763.80 but remained down 2.89 percent over seven days, while XRP advanced 1.20 percent to $1.5072, narrowing its weekly loss to 1.88 percent. Solana rose 0.99 percent to $119.641 and was 2.21 percent higher for the week, while TRON gained 0.34 percent to $0.335607, despite remaining 3.72 percent lower over seven days.
Dogecoin strengthened 2.38 percent to $0.095242, while Cardano rose 2.68 percent to $0.2520. Monero gained 2.05 percent to $541.239, although it remained 4.51 percent lower over seven days.
Stablecoins continued trading close to their dollar pegs. Tether stood at $0.9998, down 0.06 percent, while USDC traded at $1.0004 and Dai at approximately $1.00011.
Bitcoin’s recovery came as broader markets continued grappling with a substantial global bond selloff. Reuters reported that sovereign yields remained at multi-year highs as investors increasingly considered the possibility that interest rates could settle at elevated levels for an extended period.
Altcoins lead rebound
The strongest moves were concentrated further down the cryptocurrency market, where several tokens posted double-digit gains and substantially outperformed Bitcoin.
Aave rose 12.18 percent to $165.80, extending its seven-day gain to 16.76 percent. Avalanche advanced 10.75 percent to $11.64, while Chainlink surged 10.56 percent to $15.388, taking its weekly gain to 19.01 percent.
Internet Computer climbed 10.88 percent to $3.31, while Stellar gained 8.02 percent to $0.22945 and was 8.97 percent higher over seven days. Cronos rose 7.83 percent to $0.06959.
Bitcoin Cash increased 1.02 percent to $312.57, extending its seven-day advance to 15.37 percent. Hedera gained 1.39 percent to $0.11727 and remained nearly 25 percent higher for the week, while Sui was little changed at $1.1674, down 0.07 percent on the day but still 14.58 percent higher over seven days.
Quant remained one of the most striking performers in the supplied market snapshot, rising 9.95 percent to $253.59 following a 286.46 percent seven-day increase. Ondo gained 0.67 percent to $0.52310, extending its weekly rise to 21.09 percent, while Polkadot advanced 1.14 percent to $1.209.
The rebound was far from universal. Zcash fell 8.74 percent to $1,419.62, leaving it 5.47 percent lower over seven days. NEAR Protocol dropped 5.30 percent to $4.7892, while Litecoin declined 3.53 percent to $68.77, despite retaining a 13.73 percent weekly gain. Ethena fell 3.34 percent to $0.2518 but remained 19.82 percent higher for the week.
The uneven performance suggests Tuesday’s move was driven as much by rotation among individual tokens as by a broad shift in macro sentiment.
ETF inflows continue
Institutional flows continued to provide support despite the difficult rates backdrop.
U.S. spot Bitcoin exchange-traded funds recorded $31 million in net inflows on September 28, according to Farside Investors. That followed five consecutive positive sessions between September 21 and September 25 that generated a combined $2.3858 billion, including $999 million on September 21 and $714.7 million on September 22.
The following sessions brought another $346.9 million on September 23, $190.7 million on September 24 and $134.5 million on September 25, before inflows slowed sharply to $31 million on Monday.
Ethereum funds also remained in positive territory. U.S. spot Ether ETFs attracted $17.1 million on September 28, following combined net inflows of $689.8 million over the previous five trading sessions. Those flows included $270 million on September 21, $162.2 million on September 22 and $104.5 million on September 23.
Corporate Bitcoin demand also continued. Strategy disclosed that it purchased another 1,665 BTC for $142.7 million between September 21 and September 27, paying an average $85,681 per Bitcoin.
The acquisition increased Strategy’s total holdings to 847,666 BTC, acquired for an aggregate $63.95 billion at an average purchase price of $75,437 per Bitcoin, according to its September 28 SEC filing.
The company said proceeds from stock sales helped fund the latest Bitcoin acquisition, continuing its strategy of using capital-market transactions to expand its cryptocurrency holdings.
Macro risks persist
The central challenge for cryptocurrency markets remains the tension between sustained digital-asset demand and increasingly restrictive global financial conditions.
Higher government bond yields raise the opportunity cost of holding assets that generate no income, while a stronger dollar can reduce demand for dollar-denominated risk assets among international investors. Rising energy prices add another complication by increasing inflation risks and potentially encouraging central banks to maintain tighter monetary policy.
Reuters reported Tuesday that the U.S. 10-year Treasury yield was near 5.27 percent, its highest level in roughly 19 years, as the global sovereign bond selloff intensified. Oil prices also remained elevated amid continuing Middle East supply concerns.
The dollar continued climbing toward a two-month high as higher Treasury yields and expectations of additional Fed tightening supported the U.S. currency. Investors were awaiting U.S. inflation and labor-market releases for further clues about whether another increase in rates will be required.
