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The period from September 23 to September 29 was primarily marked by the crypto market’s resilience in a challenging macroeconomic environment. Bitcoin moved from approximately $84,400 to $84,200, representing virtually no change, after trading between roughly $82,000 and $87,000. This stability is encouraging given the sharp increase in bond yields and oil prices.
Ethereum also consolidated its recent gains. Its price declined slightly from approximately $2,740 to $2,725 while remaining above the technical breakout area observed during the previous week. ETH’s ability to hold the $2,650-to-$2,700 region suggests that profit-taking has so far been absorbed without a significant deterioration in the trend.
The macroeconomic backdrop remains the main obstacle. Following the Federal Reserve’s 25-basis-point increase announced on September 16, the ten-year U.S. Treasury yield approached 5.25%, near its highest level since 2007. Brent crude simultaneously moved above $106 per barrel, fuelling concerns about another acceleration in inflation. Markets now assign approximately a 70% probability to another rate increase in October.
Despite these pressures, institutional flows remained clearly positive. Between September 23 and September 28, spot Bitcoin ETFs recorded approximately $703 million in net inflows, with a positive result during every session. Ethereum ETFs attracted approximately $275 million over the same period. September 29 data was not yet available at the time of writing. These consistent purchases likely helped stabilize prices while investors more sensitive to interest rates reduced their exposure.
From a technical perspective, the $82,000 region is now bitcoin’s first important support, followed by the psychological $80,000 threshold. A sustained break below $80,000 would weaken the recent structure and could bring the price back toward $76,000 to $78,000. On the upside, bitcoin will need to reclaim $86,000 to $87,000 and then move above $90,000 to restore more convincing momentum. For Ethereum, $2,650 and $2,550 represent the main support areas, while $2,800 and then $3,000 are the next resistance levels.
Institutional adoption continued to advance. Strategy acquired an additional 1,665 BTC for approximately $142.7 million at an average price of $85,681. The company now holds 847,666 BTC. The continued accumulation by such a significant buyer near current levels represents a sign of long-term confidence, although its purchases obviously cannot protect the market from short-term fluctuations.
The convergence between traditional finance and blockchain infrastructure also accelerated. The New York Stock Exchange and Blockchain.com announced a partnership to explore trading tokenized versions of U.S. stocks. The Federal Reserve simultaneously proposed new rules for stablecoin issuers under the framework established by the GENIUS Act. These initiatives will impose new operational requirements, but they also provide the industry with a more concrete regulatory path.
Solana advanced by approximately 2%, moving from nearly $117 to $120, while its ETFs attracted approximately $141 million between September 23 and September 28. ZEC experienced a much more volatile trajectory: after briefly approaching $1,680, it ended the period near $1,430, representing a weekly decline of approximately 5%. Institutional interest nevertheless continues to develop, notably with the European listing of a physically backed Zcash product, while preparations for the NU7 upgrade continue. The Rivemont Crypto Fund holds both Solana and ZEC in its portfolio.
In summary, the week was more constructive than the stability of prices might suggest. Bitcoin and Ethereum absorbed a sharp rise in bond yields and oil prices without a disorderly correction, while ETFs continued to attract substantial capital. Initiatives by Strategy, the New York Stock Exchange and regulatory authorities also demonstrate the growing integration of digital assets into traditional finance.
The next several sessions will primarily depend on U.S. inflation and employment data, changes in oil prices and expectations surrounding the Federal Reserve’s next decision. Bitcoin defending $82,000 and Ethereum remaining above $2,650 would preserve a constructive setup. Conversely, another rapid increase in bond yields or a break below $80,000 would justify greater caution.
The presented information is as of September 29th, 2026, unless otherwise indicated and is provided for information purposes only. The information comes from sources that we believe are reliable, but not guaranteed. This statement does not provide financial, legal or tax advice. Rivemont Investments are not responsible for any errors or omissions in the information or for any loss or damage suffered.
