Bitcoin Ends Week Near $84K as Fed Hike Odds Climb
Bitcoin gave back part of its early-week jump above $87,000 and is holding near $84,000. Rising US bond yields and Fed hike bets are now in focus.
Bitcoin is heading into the weekend near $84,000, after a week that started with a sharp rally and ended with a slow drift lower. BTC briefly pushed above $87,000 early in the week, reaching about $87,350, before cooling off. It still finished the week roughly 3% higher. Right now, 1 BTC is worth about ₹7,970,918 ($83,047.70).
Key takeaways
- Bitcoin hit about $87,350 early in the week but is holding near $84,000 going into the weekend.
- US spot Bitcoin ETFs took in about $2.4 billion this week, their best week of 2026, although daily inflows slowed sharply by Friday.
- The US 10-year Treasury yield rose above 5.1%, its highest level since 2007.
- Traders now price roughly a 70% to 75% chance that the US Federal Reserve raises rates at its 27 to 28 October meeting.
- Solana and XRP outperformed on Friday, while Ether was flat near $2,690.
How the week played out
The early-week breakout pushed the total crypto market value back towards $3 trillion and moved the Fear and Greed Index into the Greed zone. Demand from US spot ETFs did much of the lifting. Inflows started the week at close to $1 billion in a single day, then fell to about $134 million by Friday. Our story on the seven-day ETF inflow streak has the full numbers.
The quarterly options expiry on Friday passed quietly, as we covered in Bitcoin after the $16 billion options expiry. With those contracts settled, the tight range that held BTC between roughly $83,000 and $85,500 may loosen next week.
Why bond yields matter for Bitcoin
The biggest headwind this week came from outside crypto. The yield on the US 10-year Treasury climbed above 5.1%, the highest since 2007, and Bitcoin briefly dropped to about $83,200 when it did. Futures markets now lean heavily towards a Fed rate hike at the October meeting, which would take the policy rate to 4.00% to 4.25%.
Higher rates tend to hurt assets like Bitcoin in two ways. Safe government bonds pay more, so riskier assets look less attractive, and a stronger dollar usually means weaker crypto prices. For Indian investors, a stronger dollar also pushes the rupee lower, which can partly cushion the fall in INR prices. We looked at this in Bitcoin slips under $84K as yields hit a 2007 high.
Altcoins
Altcoins held up better than Bitcoin on Friday. Solana gained about 4% to trade near $122, helped by fresh money into Solana ETFs. XRP rose about 2% to around $1.55 after a strong week, and Ether was nearly flat near $2,690. Live prices:
| # | Name | Price | Price (INR) | 24h % | |
|---|---|---|---|---|---|
| 1 |
BTC BitcoinBTC
|
$83,047.70 | ₹7,970,918 | 1.79% | |
| 2 |
ETH EthereumETH
|
$2,668.26 | ₹256,100 | 0.79% | |
| 4 |
BNB BNBBNB
|
$760.25 | ₹72,969 | 1.92% | |
| 5 |
XRP XRPXRP
|
$1.49 | ₹143.01 | 1.91% | |
| 7 |
SOL SolanaSOL
|
$118.19 | ₹11,344 | 2.88% |
You can follow every coin in rupees on our crypto prices India page and see the day's biggest movers on top gainers and losers.
What to watch next week
- Bitget withdrawals: the exchange plans to resume withdrawals in phases from 28 September after its $387 million hack. See our Bitget update.
- XRP Ledger upgrade: the Batch feature is now due on 9 October. See why it was delayed.
- ETF flows: whether inflows pick up again or keep fading will say a lot about demand at these levels.
- US yields: another jump in the 10-year yield would likely weigh on Bitcoin again.
- Key levels: traders watch about $85,300 on the upside and the $83,000 area on the downside.
Prices can move quickly over weekends, when trading volumes are thin. If you invest from India, remember that gains are taxed at 30% and 1% TDS applies on transfers. Our crypto tax calculator shows what you would keep.
FAQ
What is the Bitcoin price today in India?
1 BTC is worth about ₹7,970,918 right now. See the live chart on our Bitcoin price in INR page.
Why did Bitcoin fall from $87,000?
Mainly because US bond yields rose to their highest since 2007 and traders began betting on a Fed rate hike in October, which makes riskier assets less attractive.
When is the next Fed meeting?
The Federal Reserve meets on 27 and 28 October 2026.
This article is AI-assisted, educational and general in nature. It is not financial advice and never a guarantee of profit. Every trade is at your own risk on your own exchange. See our risk disclosure and editorial policy.
