Bitcoin continues to consolidate just under $85,000 while US bond markets come under significant pressure in the background: the 30-year US Treasury yield hit 5.53% on September 25, 2026, its highest level since 2004. At the same time, crypto exchange Bitget significantly revised the damage from its September 24 hack upward – to now $387.5 million. Here are the twelve most important crypto developments from the past 24 hours.
Bitcoin Consolidates Despite Bond Sell-Off
Bitcoin remains range-bound around the $84,000 mark, even as global bond markets are under noticeable strain. The 30-year US Treasury yield climbed to 5.53% – its highest level since 2004. The 10-year yield is also at a multi-year high near 5.20%. An ongoing global bond sell-off is pushing rates higher worldwide, a dynamic that would typically weigh on risk assets like Bitcoin. Many market observers read the coin’s continued stability as a sign of structural strength.
Bitget Hack: Damage Revised to $387.5 Million
Crypto exchange Bitget has revised the confirmed loss from its September 24 hack upward, from an initial $351.6 million to now $387.5 million, following further on-chain analysis. The additional $35.9 million came from previously uncounted Zcash and TRON transfers, according to Bitget – not from any new unauthorized movement of funds. Affected assets include XRP, ETH, USDT, USDC, USDT0, Zcash (ZEC), tokenized gold (XAUT), BNB, Avalanche, and TRON.
Bitget has since published a phased schedule for resuming withdrawals: Bitcoin withdrawals are set to start on September 28, followed by Ethereum-based assets on September 29 and USDT on September 30. All remaining tokens, fiat withdrawals, and P2P trading are expected to follow by October 2. The confirmed loss represents roughly 84% of the more than $464 million User Protection Fund that Bitget says will fully cover the incident.
Petition Against German Crypto Tax Plans Reaches Parliament
In Germany, a petition opposing planned stricter crypto taxation appears to have gathered enough signatures to be formally referred to the Bundestag. The proposal has drawn criticism from Germany’s crypto community since its announcement, with concerns about excessive regulatory burden compared to more liberal jurisdictions internationally.
Solana Breaks Above $120
Solana has risen above $120 for the first time since January 2026, now more than 100% above its yearly low. The rally is part of a broader altcoin recovery and has been linked by market observers to growing institutional interest, including Charles Schwab adding Solana to its offering.
Altseason Signal: Bitcoin Dominance Falls Below 60%
A closely watched indicator has crossed an important threshold: Bitcoin’s share of total crypto market capitalization (Bitcoin dominance) has fallen below 60%. Historically, such a decline is often read as an early signal of a so-called altseason, in which altcoins outperform Bitcoin.
CLARITY Act Fails: Saylor Calls It a “Positive Inflection Point”
The US Senate failed to advance the long-anticipated Digital Asset Market CLARITY Act, effectively stalling the bill meant to establish regulatory clarity for cryptocurrencies. Strategy Executive Chairman Michael Saylor surprisingly called the rejection a “positive inflection point” for the industry, arguing the sector is better served by supportive rules from existing regulators like the SEC, CFTC, and Treasury than by the restrictions written into the bill’s final version. He warned that legislation could make such restrictions permanent, whereas regulatory guidance remains more flexible.
Glassnode: First Bear Market Bitcoin Never Closed Below Realized Price
On-chain analytics platform Glassnode points to a notable feature of the current market cycle: this is the first bear market in which Bitcoin’s price has never closed below the so-called Realized Price – the average cost basis at which circulating bitcoin last moved. Falling below that level is traditionally viewed as a sign of extreme market weakness; many analysts read its holding this time as evidence of a structurally more resilient market phase.
JPMorgan: Production Costs Dampen Miner Selling
A JPMorgan analysis notes that Bitcoin is trading above the estimated production cost of roughly $85,000 per coin. According to the bank, this dampens selling pressure from mining companies, since they remain profitable at current prices and have less incentive to offload holdings to cover costs.
Bitcoin ETFs Turn Positive for 2026
US spot Bitcoin ETFs have fully erased their year-to-date deficit, which had reached $5.8 billion as of July 13, and are now back in positive territory for 2026. Since US Treasury Secretary Scott Bessent announced increased buybacks of long-dated government bonds in August, the funds have taken in roughly $4.6 billion. A six-day inflow streak alone added $2.84 billion, including the year’s strongest single day so far on September 21 with $999 million. Compared to $35.2 billion in 2024 and $21.4 billion in 2025, however, the full year 2026 remains considerably weaker.
Bitcoin Outflows From Binance at Multi-Year High
According to CryptoQuant data, Bitcoin is leaving the Binance exchange at its fastest pace in three years. Analysts often interpret such net outflows from exchanges as a sign of so-called FOMO (fear of missing out) behavior: investors moving holdings into self-custody wallets in anticipation of further price gains rather than intending to sell in the near term.
Fed Proposes First GENIUS Act Rules for Stablecoins
The US Federal Reserve has proposed its first concrete implementation rules under the GENIUS Act for stablecoin issuers. The proposal centers on capital requirements, reserve holdings, and binding redemption deadlines for users. The rules mark a further step toward formally embedding stablecoins within the US financial system.
Bottom Line
Despite a historic bond sell-off and one of the year’s largest exchange hacks, the crypto market is showing remarkable stability. While regulatory signals are mixed – the CLARITY Act’s failure on one side, new Fed stablecoin rules on the other – structural indicators such as the never-breached Realized Price, reversing ETF flows, and falling Bitcoin dominance point to a market phase many analysts read as a transition into a new bull cycle rather than a prelude to a final sell-off.
