Gold Plunges 3.4%, Bitcoin Faces Risks
2026-09-29 14:53:23
CoinMeta data: Gold prices plummeted by 3.4% due to rising U.S. Treasury yields, marking one of the most unusual days in nearly two decades. On September 28th, gold prices fell to $4,110.55 per ounce, hitting a seven-week low, before rebounding to $4,136.81. Meanwhile, Bitcoin also came under pressure during the same period, with its price falling below $83,000. Analysts point out that the decline in gold is closely related to rising U.S. Treasury yields, a strengthening dollar, and expectations of further interest rate hikes by the Federal Reserve. The market expects the Fed to raise rates again in December, putting greater market pressure on both gold and Bitcoin.
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Source:Cryptonews
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