Key Insights
- Crypto news today centers on Bitcoin weakness and Coinbase expansion.
- Coinbase gained approval for its own U.S. derivatives clearinghouse.
- Strategy bought another 1,665 Bitcoin during last week’s pullback.
Crypto news today remained split between weaker Bitcoin prices and institutional expansion. Bitcoin traded near $83,349 on Sept. 29, while Coinbase advanced its U.S. derivatives infrastructure.
The broader crypto market held near $2.88 trillion, CoinMarketCap data showed. Market sentiment remained in “Greed” territory despite Bitcoin’s latest retreat.
Crypto News Today: Bitcoin Slips Below $84K
Coinbase data showed Bitcoin near $83,349, down about 1.4% over 24 hours. BTC had also fallen roughly 3.1% over seven days.
Trading volume reached about $38.9 billion over 24 hours. Bitcoin still represented roughly 60% of total crypto market capitalization.
The decline came as U.S. Treasury yields remained elevated. Treasury data showed the 10-year yield at 5.24% on Sept. 28. The 30-year yield stood at 5.56%. Both measures rose from the previous session.
Higher bond yields can pressure non-yielding risk assets. They also raise funding costs across broader financial markets.
The Federal Reserve had already raised rates by 25 basis points on Sept. 16. The target range moved to 3.75%–4.00%.
Coinbase Adds USDC-Native Derivatives Clearing
Coinbase provided the largest company development in crypto news today.
The company said the Commodity Futures Trading Commission approved Coinbase Clearing LLC on Sept. 28. The registration allows the unit to operate as a derivatives clearing organization.
Coinbase now controls a regulated futures commission merchant, designated contract market and clearing organization.
The structure gives Coinbase an end-to-end U.S. derivatives stack. It can list, broker and clear regulated products internally.
Coinbase said the clearinghouse will support USD Coin collateral and round-the-clock settlement. The company described it as the first USDC-native U.S. clearinghouse. Coinbase
The approval does not remove federal oversight. Coinbase Clearing operates within Commodity Futures Trading Commission rules.
The development could still reduce dependence on outside clearing infrastructure. That matters as crypto exchanges compete for institutional derivatives activity.
Strategy Adds Another 1,665 Bitcoin
Strategy continued buying Bitcoin despite the latest price weakness. A Securities and Exchange Commission filing showed the company acquired 1,665 Bitcoin between Sept. 21 and Sept. 27. Strategy spent about $142.7 million.
The average purchase price reached $85,681 per Bitcoin. That sits above current spot prices near $83,000.
Strategy held 847,666 Bitcoin after the purchase. Its aggregate acquisition cost reached about $63.95 billion. The company reported an average purchase price of $75,437 across its entire position.
Strategy financed the latest purchase through proceeds from common-stock sales. Its filing also disclosed a separate preferred-stock repurchase. The company bought back about 1.53 million STRC shares for $151.7 million.
That combination showed Strategy allocating capital across Bitcoin and its preferred securities.
Crypto News Turns Toward Inflation Data
Attention now shifts from company announcements toward U.S. inflation data. The Bureau of Economic Analysis will publish August personal income and outlays on Sept. 30. The release arrives at 8:30 a.m. Eastern Time.
The report contains the personal consumption expenditures inflation measure watched by the Federal Reserve. Bitcoin enters that release below $84,000 and beneath last week’s highs.
Farside Investors recorded $31 million in net Bitcoin ETF inflows on Sept. 28. BlackRock’s IBIT drew $54.8 million, while several funds posted outflows.
ETF demand therefore remained positive but weakened from last week’s stronger sessions. The next crypto news catalyst will come from inflation data, Treasury yields and Bitcoin’s response around $83,000.
Sharron Kendi
Sharron Kendi is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence.
